Risk Management Specialists

• Maintain input or data quality of risk management systems.
• Recommend ways to control or reduce risk.
• 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.
• Devise systems and processes to monitor validity of risk modeling outputs.
• Gather risk-related data from internal or external resources.
• Identify and analyze areas of potential risk to the assets, earning capacity, or success of organizations.
• Develop or implement risk-assessment models or methodologies.
• Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
• Plan, and contribute to development of, risk management systems.
• Conduct statistical analyses to quantify risk using statistical analysis software or econometric models.
• Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
• Devise scenario analyses reflecting possible severe market events.
• Develop contingency plans to deal with emergencies.
• Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
• Analyze new legislation to determine impact on risk exposure.

Source: O*NET OnLine information for Risk Management Specialists.

• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Speaking - Talking to others to convey information effectively.
• Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
• Writing - Communicating effectively in writing as appropriate for the needs of the audience.
• Mathematics - Using mathematics to solve problems.
• Systems Evaluation - Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
• Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Source: O*NET OnLine information for Risk Management Specialists.