corporate risk manager

Description

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.

Theoretical Knowledge

ESSENTIALTheoretical knowledge required

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

OPTIONALAdjacent knowledge that strengthens fit

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

Practical Skills

ESSENTIALApplied skills & competences

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

OPTIONALOptional competences

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