A growing number of organisations are hiring risk managers to oversee the corporate response to risk. A risk manager is ultimately responsible for controlling and reducing the risks faced by an organisation. Following are some of the specific activities a risk manager undertakes:
Designing and implementing an overall risk management strategy for the organisation.
Creating policies and procedures to minimise and control risks.
Identifying, analysing, and recording all relevant risks and threats faced by the organisation.
Recommending and implementing risk management solutions.
Preparing risk reports for executive management.
Running risk workshops.
Building risk awareness with staff via training activities.
Ensuring compliance with risk standards across the organisation.
Controlling the risk management budget.