Description
Corporate risk managers identify and assess potential threats and opportunities to a company, and give advice on how to deal with them. They create preventive plans to avoid and reduce risks, and put plans in place for when the company is threatened. They coordinate risk management aspects across the different functions of an organisation and are responsible for technical activities such as risk assessment, risk mapping and insurance purchase. They report on risk issues to the senior management and the company's board.
EssentialOptional
Theoretical Knowledge
quantitative risk analysis techniquesrisk transfertypes of insurancequalitative risk analysis techniquesenterprise risk managementcorporate sustainabilityrisk identificationrisk managementrisk financing techniqueskey risk indicatorsinternal auditingcorporate social responsibilityICT network security risksaccounting department processesnational generally accepted accounting principlesinsurance lawfinancial productsinternational financial reporting standardsreinsurancerisk modellingMonte Carlo simulation
Practical Skills
estimate impact of risksforecast organisational risksanalyse external factors of companiescomply with legal regulationsanalyse internal factors of companiesfollow company standardsapply crisis managementalign efforts towards business developmentliaise with managersadvise on risk managementaddress identified risksmake strategic business decisionsimplement corporate governancedefine risk policiesassess risk factorsanalyse insurance needsdevelop company strategiesmanage commercial risksassess supplier riskscompile appraisal reportscreate risk reportsassess financial viabilitytrack key performance indicatorsidentify if a company is a going concernassess reliability of datakeep updated on the political landscape