Start main content

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

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.

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

Work Environment

  • Risk Managers usually work in offices during regular business hours.

Related Occupations