Risk Management Manager
1 week ago
Risk Management duties and responsibilities of the job
The duties under a Risk Management job description include the following:
- Designing and implementing an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur
- Performing a risk assessment: Analyzing current risks and identifying potential risks that are affecting the company
- Performing a risk evaluation: Evaluating the company’s previous handling of risks, and comparing potential risks with criteria set out by the company such as costs and legal requirements
- Establishing the level of risk the company are willing to take
- Preparing risk management and insurance budgets
- Risk reporting tailored to the relevant audience. (Educating the board of directors about the most significant risks to the business; ensuring business heads understand the risks that might affect their departments; ensuring individuals understand their own accountability for individual risks)
- Explaining the external risk posed by corporate governance to stakeholders
- Creating business continuity plans to limit risks
- Implementing health and safety measures, and purchasing insurance
- Conducting policy and compliance audits, which will include liaising with internal and external auditors
- Maintaining records of insurance policies and claims
- Reviewing any new major contracts or internal business proposals
- Building risk awareness amongst staff by providing support and training within the company
Risk Management job qualifications and requirements
- Risk Management
- Management or Business Studies
- Finance or Economics
- Science
- Statistics
- Engineering
- Law
Postgraduate degrees are not mandatory, but may also be beneficial.
When compiling a Risk Management job description, it’s important to also display the following skills:
- Analytical skills and an eye for detail
- Commercial awareness
- Numerical skills
- Planning and organizational skills
- Ability to understand broader business issues
- Communication and presentation skills
**Job Types**: Full-time, Permanent
**Salary**: RM5,000.00 - RM9,000.00 per month
Schedule:
- Day shift
Supplemental pay types:
- Yearly bonus
Ability to commute/relocate:
- Bayan Lepas: Reliably commute or planning to relocate before starting work (required)
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