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Financial services

Risk – the newest profession

HS2, cyber safety, fracking, national security and superfast broadband. They’ve all got one thing in common; someone, somewhere has to manage the risks and opportunities they present.

Risk management is the world’s newest profession, and careers are exceptionally varied. From running hospitals to city building, energy exploration to insurance, risk managers work across every sector.

Roles include; cyber and IT risks; infrastructure and transport project management; legal risk; corporate risk and compliance; operational risk management, health and safety and a whole range of roles within financial services.

Qualified for risk

Risk management is competitive, and the most attractive candidates are qualified. Some universities offer undergraduate degrees in risk management, although more offer postgraduate or Masters’ degrees. IRM also offers qualifications.  In practice, successful risk managers need a combination of professional and behavioural skills, including:

  • Strategic thinking
  • Strong communications
  • Analytical and numerate
  • Influencing skills
  • Good organisational skills

Experience wanted

Business admin, finance, auditing and accounting roles all provide ‘starter’ experience for those wanting to specialise in risk management. As awareness about the benefits of risk management grows, public and charitable sector organisations are also asking staff to take on risk-related responsibilities.

One thing’s certain; you’re unlikely to be bored.

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