What does a Risk Management Specialist do?

Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.

Jobs Roles

  • Provide statistical modeling advice to other departments.
  • Review or draft risk disclosures for offer documents.
  • Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
  • Maintain input or data quality of risk management systems.
  • Develop contingency plans to deal with emergencies.
  • Devise scenario analyses reflecting possible severe market events.
  • Consult financial literature to ensure use of the latest models or statistical techniques.
  • Track, measure, or report on aspects of market risk for traded issues.
  • Analyze new legislation to determine impact on risk exposure.
  • Recommend ways to control or reduce risk.
  • Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
  • Plan, and contribute to development of, risk management systems.
  • Gather risk-related data from internal or external resources.
  • Develop or implement risk-assessment models or methodologies.
  • Document, and ensure communication of, key risks.
  • Devise systems and processes to monitor validity of risk modeling outputs.
  • Conduct statistical analyses to quantify risk using statistical analysis software or econometric models.
  • Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
  • Identify and analyze areas of potential risk to the assets, earning capacity, or success of organizations.
  • Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
  • Determine potential environmental impacts of new products or processes on long-term growth and profitability.
  • Determine potential liability related to the use of more sustainable methods of product packaging, such as biodegradable food containers.
  • Evaluate the risks and benefits involved in implementing green building technologies.
  • Evaluate the risks related to green investments, such as renewable energy company stocks.
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