Decision-making and problem-solving skills
Risk Managers must be able to make decision when setting and managing risk management policies of an organisation. They must be able to solve the problems after identifying issues.
Risk Managers
Descriptions & Duties
- Risk Managers manage business risks of the company. They plan and develop policies to ensure the company is compliance with appropriate risk management policies and standard of regulatory bodies.
Generic Competencies
Physical Abilities
Physical abilities
- Physical strength
- Eye hand coordination / precision / dexterity
Importance:2 (Max:5)
Skill is occasionally required
Technology Skills
Technology skills
- Computer literacy
- Application of technology
Importance:3 (Max:5)
Skill is basically required
Cognitive Abilities
Cognitive abilities
- Creativity
- Visualisation
- Logical thinking
Importance:5 (Max:5)
Skill is required all the time
Comprehension And Expression
Comprehension and expression skills
- Reading comprehension
- Oral / written expression
Importance:5 (Max:5)
Skill is required all the time
Social Skills
Social skills
- Communication
- Negotiation
- Persuasion
Importance:4 (Max:5)
Skill is frequently required
Organisation And Execution Skills
Organisation and execution skills
- Planning
- Organising
- Judgement
- Decision making
Importance:5 (Max:5)
Skill is required all the time
Problem Solving Skills
Problem solving skills
- Ability to solve simple and complex problems effectively and efficiently
Importance:5 (Max:5)
Skill is required all the time
Management Skills
Management skills
- Leadership
- Management of finance / time / people / other resources
Importance:5 (Max:5)
Skill is required all the time
Trade Specific Competencies
Detail oriented
Risk Managers must pay attention to details. This is necessary across a range of tasks to ensure the company is compliance with appropriate risk management policies and standards.
General Requirements
Academic qualification
A bachelor's degree in risk management or other discipline related to their field of work
Experience
5 years' relevant experience
Other specific requirements
Qualification in the area related to their field of work (e.g. Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA))
Career Path & Salary
Private Sector
Monthly Salary $20,000-$30,000
Monthly Salary $30,000-$45,000
Monthly Salary $40,000-$65,000
Monthly Salary $60,000-$90,000
Related Education & Training
Degree or above
- MSc in Programme and Project Management (in collaboration with University of Warwick)
- BA (Hons) Public Relations and Management
- BA (Hons) Retail Management
- BA (Hons) Professional Accounting
- BA (Hons) Business Administration
- BA (Hons) Business Management
- BA (Hons) Business and Human Resource Management
- BA (Hons) Business (with Law)
- BA (Hons) International Business Management
Work Environment
- Risk Managers usually work in offices during regular business hours.
