Every business activity entails certain risks. Risk managers are experts when it comes to handling these risks using methods from the areas of project management and information technology. They identify opportunities and risks for their companies and give decision-makers important recommendations for action.
Which opportunities do risk managers have on the labour market?
There are numerous entry opportunities for risk managers; their fields of activity vary depending on the areas of risk they are in charge of. Their responsibilities may include the management of risks related to (material) assets, products, employees or corporate finance. Risk managers are needed in all industries and in various departments of companies.
What are the tasks and responsibilities of risk managers?
The range of tasks of risk managers covers the identification, analysis and evaluation as well as the monitoring, management and control of all types of risks, e.g. technical, financial, environmental or software risks. They do not only make sure that risk owners understand the existing risks but also evaluate risks and prepare risk (assessment) reports, applying statistical methods for their work. Besides, they implement risk management processes and act as interfaces to other relevant parties, providing them with risk-specific information.
Provision of support
Cooperation with risk owners
Which hard skills and soft skills should risk managers have?
Risk managers must have a great variety of skills. They should have sufficient knowledge of business administration, excellent methodical skills and should be team players. As the exchange with other management levels also belongs to the tasks of risk managers, they need good communication skills as well.
Knowledge of business administration
Knowledge of statistical methods
Knowledge of finance
Strong communication skills
What is the average salary of risk managers?
Risk managers have a very demanding job, which is why only few applicants meet the high requirements. Their starting salaries are accordingly good, amounting to between EUR 3,000 and EUR 5,000 per month, depending on industry and region. Candidates holding a master’s degree can generally expect higher starting salaries than their counterparts without a master’s degree. With increasing professional experience, the monthly salary of risk managers may rise to between EUR 5,000 and EUR 7,000.
As a risk manager, you have numerous professional opportunities and excellent prospects. Your tasks include the identification of risks for your company at an early stage and the support of decision-making processes. Risk management often even has an impact on the company’s strategic orientation.
If you are looking for a job in risk management, we will be happy to support you. With us, you will find a position that perfectly matches your qualifications. Make use of the numerous benefits of finding a job with Hays!