corporate risk manager

Corporate risk managers identify and assess potential threats and opportunities to a company, and give advice on how to deal with them. They create preventive plans to avoid and reduce risks, and put plans in place for when the company is threatened. They coordinate risk management aspects across the different functions of an organisation and are responsible for technical activities such as risk assessment, risk mapping and insurance purchase. They report on risk issues to the senior management and the company's board.

ESCO Code

2412.3

NACE Code

70.1 - Activities of head offices

Alternative Labels

corporate risk department manager

risk and insurance consultant

chief risk executive

chief risk officer

risk management specialist

risk management director

operational risk manager

Regulatory Aspect

To see if and how this occupation is regulated in EU Member States, EEA countries or Switzerland please consult the Regulated Professions Database of the Commission. Regulated Professions Database:

http://ec.europa.eu/growth/single-market/services/free-movement-professionals/qualifications-recognition_en

Skills & Competences

Essential Skills and Competences

address identified risks advise on risk management align efforts towards business development analyse external factors of companies analyse internal factors of companies apply crisis management assess risk factors comply with legal regulations define risk policies estimate impact of risks follow company standards forecast organisational risks implement corporate governance liaise with managers make strategic business decisions

Essential Knowledge

corporate social responsibility corporate sustainability enterprise risk management internal auditing key risk indicators qualitative risk analysis techniques quantitative risk analysis techniques risk financing techniques risk identification risk management risk transfer types of insurance

Optional Skills and Competences

analyse insurance needs assess financial viability assess reliability of data assess supplier risks compile appraisal reports create risk reports develop company strategies identify if a company is a going concern keep updated on the political landscape manage commercial risks track key performance indicators

Optional Knowledge

ICT network security risks Monte Carlo simulation accounting department processes financial products insurance law international financial reporting standards national generally accepted accounting principles reinsurance risk modelling

Skills Group Share

Concept status

Concept Uri

http://data.europa.eu/esco/occupation/b09acdda-6680-49d1-a411-129610ee3bc0

Status

released

Occupations