DUTIES AND RESPONSIBILITIES
Identify and evaluate exposures.
Risk Manager shall assess the probability, frequency and impact of each risk and shall estimate its possible effect and cost.
Priority areas of concern are those risks that are the most likely to occur and are costly when they happen.
Set the tone and develop a culture of the Company vis-à-vis risk.
Risk Manager shall promote open discussion regarding risk, integrate risk management into the Company’s goal and create a corporate culture such that employees at all levels manage risks rather than outright avoiding or heedlessly take them.
Develop risk management strategies.
The Risk Manager shall develop a written plan defining the strategies for managing and controlling the essential risks that may affect the Company’s financial position and capital.
It shall identify practical strategies to reduce the chance of impairment and failure or at least minimize losses if the risk materializes.
Provide input to management regarding the Company’s risk appetite and tolerance and, ultimately, approve risk appetite and the statement of risk appetite and tolerance messaged throughout the Company and by line of business.
Approve the risk management policy and plan.
Senior Management should develop and approve both the risk management policy and the plan.
The risk management plan should consider the maturity of the risk management of the Company and should be tailored to the specific circumstances of the Company.
Implement the Risk Management Plan.
The Risk Manager shall communicate the risk management plan and loss control procedures to affected parties.
He shall also conduct regular discussions on the Company’s current risk exposure based on regular management reports and direct concerned units or departments on how to reduce these risks. Job Requirements
Proven experience as a Risk Manager
Knowledge of risk assessment and control
Experience with auditing and reporting procedures
Familiarity with industry compliance standards and regulations (e.g.
Occupational Safety and Health Act)
Strong computer and research skills; knowledge of analysis software is preferred (e.g.
Statistical Analysis Software, or SAS)
Analytical mind with problem-solving aptitude
Excellent communication and presentation skills
BSc / BA in Law, Business, Finance or a related field
Professional Risk Manager (PRM) certification is a plus