Risk Management helps solve numerous problems and financial exchanges. The main mission is to fight against frauds and help increase awareness for high risk activities.
This new path is essentially linked to the financial world. Risk Management jobs are often found in the banking sector and insurance sector. The main purpose is to lower the financial impact linked to hazards that may pose a threat and that would need to be addressed. The job requires certain undeniable skills such as a high sense of analysis, and fast responsiveness.
You must also have a certain scientific mind and a love for numbers. If you can relate to this then you have what it takes to be a Risk Manager and have a bright career.
There is a growing demand in the sector of Risk Management as it is becoming a necessity for many companies to hire competent teams to understand how to handle potential risks. Moreover, the workforce reduction in the banking industry increases the opportunity for the recruitment of risk managers. Some companies had an increase up to 20% within 2 years. These opportunities are wonderful for young workers as businesses in these sectors are offering many internships.
Careers in these sectors are promising and can evolve differently between each sector. For example in the banking industry, risk managers can be shifted to the “front office”. However in the insurance sector, risk management is part of the environment and therefore the evolution is less significant.
Remunerations are explained in the table below by Robert Half and are very attractive!