BusinessManagement

Risk manager: a new and promising profession

Any human activity can be connected in one way or another with danger. In the broadest sense, the risk is the probability of obtaining a loss or loss. If we are talking about business, then all these negative consequences are of a financial nature. It is simply impossible to completely protect yourself from all sides. But the unfavorable factors can be calculated, and, therefore, to minimize the likelihood of obtaining a loss. However, for this you need to have certain knowledge and skills in the business area. Moreover, sometimes only a flair can help. It was under the influence of all these demands that a completely new and highly sought after specialty - a risk manager - appeared on the labor market. Who is this and how can you become such a specialist - the topic of today's article.

Risks: what they are like

Speaking about this rather new sphere of human activity, it is worth noting that the key word here is still a "manager". And only then you can talk about how to anticipate risks can be learned somewhere. If we consider the structure of almost any business, then we can distinguish such types of risks:

Operating. Dangers associated with imperfection of the company's personnel policy, violations of safety regulations, fraud, damage to assets and so on. In general, everything that can happen in the course of the operating activity of the company comes here.

Financial. The risk that, due to various reasons, an enterprise may not be able to fulfill its financial obligations to partners. This includes such risks:

  • Credit;
  • Market - reducing the value of assets for various reasons;
  • Balance sheet - the risk of balancing and liquidity of existing assets.

A competent financial risk manager should be able to properly assess each of them and calculate the ways to minimize them.

Managerial. Such risks include:

  • Loss of business reputation;
  • Erroneous choice of the enterprise development strategy;
  • Decrease in the value of the company in the relevant market.

Other types of risks. In general, there are about a hundred different kinds of risks that can be classified based on the type of activity of the organization.

Description of profession

There are many risks. The risk manager of the enterprise is precisely engaged in their definition, classification, analysis and control.

This is one of the leading positions in the strategic management of the company. In modern realities, Russian businessmen have to deal with a lot of different factors on a regular basis, each of which can have an unpredictable impact on the work of the organization. This is mainly due to a sharp change in the exchange rate of currencies and, as a consequence, the prices of goods. Also freely "walk" and interest rates on loans.

As a rule, a large system for identifying and minimizing risks is created by large enterprises. In a smaller risk manager - this is often the head itself.

Where are they taught?

To train a specialist of this kind is very difficult. That is why in the list of specialties of institutes, academies and universities you are unlikely to find such a profession as a risk manager.

A good specialist in this field should have a fairly large amount of knowledge in the following areas:

  • jurisprudence;
  • Mathematical analysis ;
  • Stanalysis;
  • Information Systems;
  • Computer techologies;
  • The specificity of the business activity of the enterprise in which it is to work.

Most often, applicants for the position of "risk manager" are managers of business areas with sufficient experience. Also, good managers for dealing with "dangers" are obtained from graduates of technical and mathematical educational institutions with experience in conducting mathematical and statistical analyzes.

Almost the only specialized training center in this area is to date the Global Association of Risk Professionals (GARP). The specialists of this company provide programs of professional development and centralized training for specialists of top management. GARP has been operating on the Russian market since 1999 and provides certification programs in the field of risk management. This Association has its representative offices in more than 100 countries and prepares high-level specialists.

Duties

The work of the risk manager is most often connected with the assessment of current affairs at the enterprise, the search for weaknesses and ways to eliminate them. The activities of such a specialist can be arranged roughly in such a scheme:

  • Identification of existing risks;
  • Assessment of the possibility of unfavorable development of the situation;
  • Development of an action plan for managing the process;
  • Development of a strategy for the firm to reduce the likely negative and minimize losses;
  • Implementation of the chosen strategy;
  • Adjustment of actions if necessary;
  • Summing up the work.

Of course, clear job responsibilities depend, first of all, on what projects the risk manager manages.

What else do you need to know

In addition to fairly extensive knowledge in the field of mathematics, economics, statistics and other fields of activity, a specialist in working with risks will also need such skills:

  • Experience of at least 2 years in the field of analytics;
  • The ability to work with a computer at the level of an experienced user;
  • Knowledge of English, both oral and written;
  • Knowledge of accounting and Russian legislation in the chosen field;
  • Knowledge of financial reporting systems;
  • Readiness to work almost constantly under stress;
  • The ability to prove your point of view and defend it, if necessary.

Prospects

In connection with the relatively recent emergence of the profession "project risk manager", there is no big boom in the labor market. Nevertheless, there is always a demand for good specialists in this field. And every year it only grows. Especially in demand such specialists in companies planning to become attractive to foreign investors. To date, these are mostly large banks, leasing companies and other financial enterprises. But every year the list of enterprises only increases.

Payment level

Since the majority of applicants for this position are recent graduates of higher educational institutions, the level of wages for them is not too big, about 2 thousand dollars. But after a lapse of several years, as gaining experience and practical knowledge, earnings increase by about 2.5 times.

The larger companies of risk managers with experience are estimated to be somewhat more expensive. Here, wages start from 10 thousand US dollars, and the upper bar is practically absent. An experienced risk manager, who occupies a top position in the firm, can estimate his services at 60-80 thousand dollars and even higher.

People who choose such a profession should not only have a lot of different knowledge, but also have a certain character store. A good professional has meticulousness, attention to detail, the ability to keep in view a huge amount of information, the ability to work for a long time under constant stress.

How much this specialist is needed

The position of the risk manager, focused on the breakeven of the existing business, is usually introduced by mature, mature companies. Introduction to the staff of such a specialist is possible and justified in the event that the enterprise already has a certain model of business processes. Otherwise, it is very difficult to distribute the authority and take responsibility for doing business. More often at the enterprises which do not have such expert, risk management nevertheless is conducted. In this case, the functions of the risk manager are delegated to other units:

  • The legal department;
  • Security service;
  • A subdivision of internal control;
  • The financial department;
  • Information security service;
  • Other specialists.

In conclusion, I want to say that business today increasingly uses a variety of information technologies, and they are known to develop rapidly. Therefore, there is no guarantee that the experience of today's experts in risk management will be of any value in a few years. So the success of this profession, of course, depends on the level of development and self-education of applicants.

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