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​How to Write a Risk Manager Job Description

Posted on April 2023

Job Description

A Risk Manager is responsible for helping to assess potential business and financial risks in a company and identifying how these risks can be minimized or eliminated altogether.

 It is also the role of a Risk Manager to develop risk management controls and contingency plans to accommodate business needs and goals. With this in mind, a successful Risk Manager should be able to think methodically, communicate effectively, and present plans and solutions in a clear and concise way.

 The most effective way of hiring and attracting top industry talent is by writing and advertising a Risk Manager description. After all, an inspiring and detailed job description is an essential part of the job application process, helping you to determine whether potential candidates are suitable for the role.

Main responsibilities

As an employer, you should always mention the main responsibilities that the successful candidate would be expected to carry out in the role.

A Risk Manager’s main responsibilities center around the following tasks:

  • Conducting thorough assessments to define and analyze possible risks

  • Evaluating each risk and its consequences

  • Completing audits and procedures in line with business needs.

  • Developing risk management controls and systems

  • Creating contingency plans to manage crises effectively

  • Evaluating existing policies and procedures – reporting on the strengths and weaknesses of these

  • Preparing reports

  • Presenting recommendations and implementing these solutions.

These responsibilities should be mentioned within your description so that potential candidates understand what is expected of them.

Within this section of the job description, you should also include the contracted hours that the successful candidate will be required to work each day and week. If evening and weekend work is required, this should also be clearly stated.

Skill and qualifications

It’s also important to mention the skills and qualifications that potential candidates should hold before applying for the role.

A Risk Manager should possess several skills that will help them to excel in this role, including proven experience as a Risk Manager, knowledge of risk assessment and control, auditing experience, excellent computer and research skills, analytical skills, excellent communication and presentation skills, and knowledge of industry compliance standards and regulations.

A career as a Risk Manager developer also typically requires at least a bachelor's degree in a relevant field, such as a bachelor's in law, finance, business, or another related field.

Depending on the level of expertise you require for the role, you can request candidates apply only if they obtain relevant degrees or work experience.

How to write a job description

When writing a job description, it’s important that you start by mentioning the job title and job summary - this information should attract, engage, and appeal to your desired candidate.

A good job description should include the following information:

  • Core responsibilities and daily duties of the position

  • What you as an employer expect from employees

  • A description of your company’s core values and culture

  • Why potential candidates should work for your company

  • A description of employee benefits

  • Working hours

  • Holiday entitlement

  • Working environment.

Ultimately, this is your opportunity to attract the best candidates and fill your job role.

Finally, you should also mention the salary range as this will help you to stand out among other employers and attract best-fit applicants.

To also explore how employers hire candidates, view our blog here.

How to hire the best candidate

To hire the best candidate for your Risk Manager position, get in touch with Selby Jennings today. As a leading specialist Talent and Executive Search partner in Banking and Financial Services, we have access to industry-leading Risk Managers.

 To find the talent you need, submit your open vacancy or request a call back below to elevate your hiring and onboarding process.

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