Role Description

Technical > Risk Officer

Salary National Average

Low Medium High
105410.0000 142830.0000 185860.0000

Change from Previous Year:

+3%

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Candidate Supply: 2,159 Job Openings: 30,275

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Short Description:

Risk officers manage all risk function aspects in a business. Oversee the development and implementation of risk policies and procedures as well as control assessment reporting processes.

Duties / Responsibilities:

  • Identifying, measuring, managing and reporting risks
  • Helping develop processes to better evaluate business-specific risk
  • Monitoring important as well as critical risk issues
  • Conducting risk and compliance assessments

Skills / Requirements / Qualifications

  • Analytical Skills - need to consider a wide variety of risks to support decision making. These considerations include strategic, operational, and institutional risks. Identify risks beyond those usually considered. For example, risks that are newly developing, even if they are poorly understood, are useful to identify.
  • Problem Solving - assess the identified risks and analyze the outputs of the assessment. This step consists of several tasks: determining a methodology, gathering data, executing the methodology, validating and verifying the data; and analyzing the outputs.
  • Develop Alternatives - to improve the ability to prevent, protect against, respond to, recover from, and mitigate a variety of manmade and natural hazards, leaders must focus their attention on identifying and executing actions to manage risks.
  • Communication – must be able to communicate effectively with supervisors, peers and subordinates making sure everyone understands any significant risks and the company’s risk management strategy 
  • Evaluation and Monitoring - evaluate and monitor performance to determine whether the implemented risk management options achieved the stated goals and objectives. 

Job Zones

  • Title: Job Zone Four: Considerable Preparation Needed
  • Education: Most of these occupations require a four-year bachelor's degree, but some do not. 
  • Related Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
  • Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
  • Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, chemists, art directors, and cost estimators.
  • Specific Vocational Preparation in years: (7.0 to < 8.0)

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