Risk Management Director

Career Guide
The Risk Management Director is responsible for identifying, assessing, and mitigating risks that could potentially impact an organization's capital and earnings. This role involves developing risk management frameworks, leading risk assessments, and ensuring compliance with relevant regulations and standards.

Key Responsibilities

  • Develop and implement risk management strategies and processes.
  • Lead risk assessments and analyze potential threats to the organization.
  • Ensure compliance with industry regulations and standards.
  • Collaborate with other departments to integrate risk management into strategic planning.
  • Report on risk management activities and findings to senior management.

Top Skills for Success

Analytical Thinking
Regulatory Knowledge
Risk Assessment
Leadership
Strategic Planning

Career Progression

Can Lead To
Chief Risk Officer
Vice President of Risk Management
Transition Opportunities
Consultancy in Risk Management
Board Member in Financial Institutions

Common Skill Gaps

Often Missing Skills
Data AnalyticsCybersecurity Awareness
Development SuggestionsPursue professional certifications such as the Certified Risk Manager (CRM) or attend workshops on emerging risks and technology.

Salary & Demand

Median Salary Range
Entry Level$100,000 - $120,000
Mid Level$120,000 - $140,000
Senior Level$150,000 - $180,000
Growth Trend
The demand for risk management directors is increasing as businesses face more complex regulatory environments and a growing need for strategic risk oversight.

Companies Hiring

Major Employers
JP Morgan ChaseGoldman Sachs
Industry Sectors
Financial ServicesInsurance

Recommended Next Steps

1
Consider obtaining an advanced degree in risk management or a related field.
2
Network with other risk management professionals through industry associations and conferences.

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