Head of Risk Management

Career Guide
The Head of Risk Management is responsible for overseeing the identification, assessment, and mitigation of risks that could threaten the success and integrity of an organization. This role involves developing risk management strategies, ensuring compliance with industry regulations, and safeguarding the organization's assets and reputation.

Key Responsibilities

  • Develop and implement risk management policies and procedures.
  • Conduct risk assessments and identify potential risks.
  • Collaborate with other departments to mitigate risks.
  • Ensure compliance with regulatory requirements.
  • Report risk exposures to senior management and the board.

Top Skills for Success

Analytical Thinking
Regulatory Knowledge
Risk Assessment
Leadership
Communication

Career Progression

Can Lead To
Chief Risk Officer
Chief Compliance Officer
Transition Opportunities
Consulting roles
Board member positions

Common Skill Gaps

Often Missing Skills
Digital Risk ManagementData Analytics
Development SuggestionsPursue certifications in digital risk and data analytics to enhance skills in emerging risk areas.

Salary & Demand

Median Salary Range
Entry Level$100,000 - $120,000
Mid Level$130,000 - $150,000
Senior Level$160,000 - $200,000
Growth Trend
The demand for risk management professionals is growing as companies face increasing regulatory pressures and seek to protect themselves from various risks.

Companies Hiring

Major Employers
JPMorgan ChaseGoldman Sachs
Industry Sectors
Financial ServicesInsurance

Recommended Next Steps

1
Gain certifications such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager).
2
Network with professionals in the risk management field through industry events and seminars.

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