What are the best ERM career opportunities in Corporate Risk Management?

2 Risk Manager

A risk manager is a mid-level or senior-level professional who manages the ERM activities for a specific business unit, function, or project. A risk manager works closely with the business leaders and the CRO to identify, assess, and mitigate the risks that affect their area of responsibility. A risk manager also coordinates with other risk managers and stakeholders to ensure that the ERM processes are integrated and aligned across the organization. A risk manager's tasks include conducting risk assessments, developing risk mitigation plans, implementing risk controls, monitoring risk indicators, and reporting on risk performance. To become a risk manager, you need to have relevant experience in risk management, as well as solid knowledge of the business operations, processes, and objectives. You also need to have good interpersonal, problem-solving, and project management skills. You may also need to have a certification or a degree in risk management or a related field.

3 Risk Analyst

A risk analyst is an entry-level or junior-level professional who supports the risk management activities for a specific business unit, function, or project. A risk analyst works under the supervision of a risk manager or a senior risk analyst, and performs various tasks related to risk identification, assessment, and mitigation. A risk analyst's duties include collecting and analyzing data, creating and updating risk registers, conducting risk simulations and scenarios, preparing risk reports and dashboards, and providing recommendations for risk improvement. To become a risk analyst, you need to have a bachelor's degree in finance, accounting, economics, or a related field, as well as strong quantitative, analytical, and technical skills. You also need to have a keen interest in risk management and a willingness to learn and grow in the ERM field.

4 Risk Specialist

A risk specialist is a professional who has specialized expertise in a specific type of risk, such as credit risk, market risk, operational risk, or cyber risk. A risk specialist works as part of the corporate risk management team or a dedicated risk function, and provides in-depth analysis, advice, and guidance on their area of specialization. A risk specialist's role is to help the organization understand and manage the complex and evolving risks that affect its business activities, products, and services. A risk specialist's responsibilities include developing and maintaining risk models, tools, and methodologies, conducting risk research and benchmarking, providing risk training and education, and supporting risk audits and reviews. To become a risk specialist, you need to have a master's degree or a certification in your chosen risk domain, as well as extensive experience and knowledge in that field. You also need to have excellent communication, presentation, and consulting skills.

5 Here’s what else to consider

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