Log In

Register

Recover Password

2020 Risk Management Specialists Salary Guide

Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.

Risk Management Specialists Salary

Salary

$81.6K

Growth

6%

Bright Outlook

Average

Green

Yes

Risk Management Specialists Job Description

Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.

Also known as:

Risk Manager, Risk Specialist, Operational Risk Management Vice President, Credit Risk Management Director, Purchasing and Risk Services Director, Risk Management Manager, Global Risk Management Director, Risk Management Director, Risk Management and Benefits Vice President, Risk Analyst

How Much Do Risk Management Specialists Make ? 2020

Percentile 10% 25% 50% (Median) 75% 90%
Annual Wage $47,230 $61,850 $81,590 $109,330 $156,150
Hourly Wage $22.71 $29.74 $39.22 $52.56 $75.07

How Much Do Risk Management Specialists Make ? 2020

Percentile
10%
25%
50% (Median)
75%
90%
Annual Wage
$47,230
$61,850
$81,590
$109,330
$156,150
Hourly Wage
$22.71
$29.74
$39.22
$52.56
$75.07

Risk Management Specialists Tasks

  • Develop contingency plans to deal with emergencies.
  • Recommend ways to control or reduce risk.
  • Analyze areas of potential risk to the assets, earning capacity, or success of organizations.
  • Document, and ensure communication of, key risks.
  • Maintain input or data quality of risk management systems.
  • Evaluate the risks related to green investments, such as renewable energy company stocks.
  • Gather risk-related data from internal or external resources.
  • Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
  • Develop or implement risk-assessment models or methodologies.
  • Determine potential environmental impacts of new products or processes on long-term growth and profitability.
  • Devise systems or processes to monitor validity of risk assessments.
  • Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
  • Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
  • Contribute to development of risk management systems.
  • Track, measure, or report on aspects of market risk for traded issues.
  • Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
  • Devise scenario analyses reflecting possible severe market events.
  • Review or draft risk disclosures for offer documents.
  • Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
  • Analyze new legislation to determine impact on risk exposure.
  • Evaluate the risks and benefits involved in implementing green building technologies.
  • Provide statistical modeling advice to other departments.
  • Determine potential liability related to the use of more sustainable methods of product packaging, such as biodegradable food containers.
  • Consult financial literature to ensure use of the latest models or statistical techniques.

What Activities Do Risk Management Specialists Do?

  • Develop contingency plans to deal with organizational emergencies.
  • Advise others on business or operational matters.
  • Assess risks to business operations.
  • Prepare financial documents, reports, or budgets.
  • Maintain data in information systems or databases.
  • Analyze risks related to investments in green technology.
  • Gather organizational performance information.
  • Confer with others about financial matters.
  • Apply mathematical models of financial or business conditions.
  • Develop financial analysis methods.
  • Analyze risks related to investments in green technology.
  • Develop business or financial information systems.
  • Educate clients on financial planning topics.
  • Present business-related information to audiences.
  • Develop business or financial information systems.
  • Monitor business indicators.
  • Analyze business or financial data.
  • Assess risks to business operations.
  • Present business-related information to audiences.
  • Assess risks to business operations.
  • Prepare regulatory or compliance documentation.
  • Assess risks to business operations.
  • Evaluate applicable laws and regulations to determine impact on organizational activities.
  • Analyze risks related to investments in green technology.
  • Advise others on analytical techniques.
  • Analyze risks related to investments in green technology.
  • Update professional knowledge.

Typical Risk Management Specialists Knowledge?

  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • Public Safety and Security - Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

What Are Typical Risk Management Specialists Abilities?

  • Problem Sensitivity - Noticing when problems happen.
  • Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
  • Deductive Reasoning - Using rules to solve problems.
  • Written Comprehension - Reading and understanding what is written.
  • Near Vision - Seeing details up close.
  • Oral Expression - Communicating by speaking.
  • Mathematical Reasoning - Choosing the right type of math to solve a problem.
  • Written Expression - Communicating by writing.
  • Oral Comprehension - Listening and understanding what people say.
  • Speech Clarity - Speaking clearly.
  • Speech Recognition - Recognizing spoken words.
  • Category Flexibility - Grouping things in different ways.
  • Information Ordering - Ordering or arranging things.

What Are Typical Risk Management Specialists Skills? 2020

  • Reading Comprehension - Reading work-related information.
  • Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
  • Speaking - Talking to others.
  • Active Listening - Listening to others, not interrupting, and asking good questions.
  • Systems Analysis - Figuring out how a system should work and how changes in the future will affect it.
  • Systems Evaluation - Measuring how well a system is working and how to improve it.
  • Writing - Writing things for co-workers or customers.
  • Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
  • Mathematics - Using math to solve problems.
  • Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.

What Are Typical Risk Management Specialists Interests?

  • Conventional - Occupations related to Conventional interests frequently involve following set procedures and routines. They include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising - Occupations with Enterprising interests frequently involve starting up and carrying out projects. Many involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
  • Investigative - Occupations with Investigative interests frequently involve working with ideas, and require an extensive amount of thinking. They often involve research and figuring out problems mentally.

What Is The Projected Employment For Risk Management Specialists ? 2020

Location 2018 Employment 2028 Employment Percent change Annual projected job openings
United States 144,100 153,000 6% 13,700

What Is The Projected Employment For Risk Management Specialists ? 2020

Location
2018 Employment
2028 Employment
Percent change
Annual projected job openings
United States
144,100
153,000
6%
13,700

What Is The Required Risk Management Specialists Education & Experience? 2020

  • Bachelor's degree
  • No work experience
  • 1 to 12 months on-the-job training

Risk Management Specialists Schools ?

School Program Name Location Length / Graduates
Abilene Christian University Finance, General Abilene, TX 4 years: 28
Adelphi University Finance, General Garden City, NY 4 years: 23
More than 4 years: 0
Adrian College Finance, General Adrian, MI 4 years: 3
Alabama A & M University Finance, General Normal, AL 4 years: 5
Alabama State University Finance, General Montgomery, AL 4 years: 6
Alaska Pacific University Finance, General Anchorage, AK More than 4 years: 1
Albertus Magnus College Finance, General New Haven, CT 4 years: 4
Albion College Finance, General Albion, MI 4 years: 20
Alfred University Finance, General Alfred, NY 4 years: 11
Alma College Finance, General Alma, MI 4 years: 9

Risk Management Specialists Schools ?

School
Program Name
Location
Length / Graduates
Finance, General
Abilene, TX
4 years: 28
Finance, General
Garden City, NY
4 years: 23
More than 4 years: 0
Finance, General
Adrian, MI
4 years: 3
Finance, General
Normal, AL
4 years: 5
Finance, General
Montgomery, AL
4 years: 6
Finance, General
Anchorage, AK
More than 4 years: 1
Finance, General
New Haven, CT
4 years: 4
Finance, General
Albion, MI
4 years: 20
Finance, General
Alfred, NY
4 years: 11
Finance, General
Alma, MI
4 years: 9

Risk Management Specialists Jobs Near Me .

Job Title Company Location Date Posted Federal Contractor
Associate, Risk Management Santander US 10/23/2020 Yes
Enterprise Risk Senior Officer Wells Fargo Charlotte, North Carolina 10/23/2020 Yes
Enterprise Risk Senior Officer Wells Fargo New York, New York 10/23/2020 Yes
Market Risk Sr Officer - Model Framework Oversight Wells Fargo New York, New York 10/23/2020 Yes
Market Risk Sr Officer - Model Framework Oversight Wells Fargo Charlotte, North Carolina 10/23/2020 Yes
Operational Risk - Processing Risk Director - New York Citigroup Wilmington, Delaware 10/23/2020 Yes
Operational Risk Consultant 2 - HBCU/Latinx Event Wells Fargo Chandler, Arizona 10/23/2020 Yes
Operational Risk Consultant 2 - HBCU/Latinx Event Wells Fargo Minneapolis, Minnesota 10/23/2020 Yes
Operational Risk Consultant 2 - HBCU/Latinx Event Wells Fargo West Des Moines, Iowa 10/23/2020 Yes
Operational Risk Consultant 2 - HBCU/Latinx Event Wells Fargo Charlotte, North Carolina 10/23/2020 Yes

Risk Management Specialists Jobs Near Me .

Job Title
Company
Location
Date Posted
Federal Contractor
Santander US
10/23/2020
Yes
Wells Fargo
Charlotte, North Carolina
10/23/2020
Yes
Wells Fargo
New York, New York
10/23/2020
Yes
Wells Fargo
New York, New York
10/23/2020
Yes
Wells Fargo
Charlotte, North Carolina
10/23/2020
Yes
Citigroup
Wilmington, Delaware
10/23/2020
Yes
Wells Fargo
Chandler, Arizona
10/23/2020
Yes
Wells Fargo
Minneapolis, Minnesota
10/23/2020
Yes
Wells Fargo
West Des Moines, Iowa
10/23/2020
Yes
Wells Fargo
Charlotte, North Carolina
10/23/2020
Yes

Risk Management Specialists 2020 Salary Guide By State

Common Careers