Risk Management

Risk Management

​“An ounce of prevention is worth a pound of cure.” This sentiment is the reason that risk management exists. In global markets that are increasingly marked by volatility and subject to complex social, political and economic change, risk management is more crucial than ever to keep companies out of the red and into the black. Risk management teams identify, evaluate and prioritize risks and act to minimize and control adverse events or maximize opportunities that come with disruption.

Over the last decade, in the wake of the global financial crisis, risk management has become increasingly important to help protect financial markets and prevent firms experiencing further fines and sanctions. A report by Boston Consulting Group says that banks across the world have paid about $321bn in fines in the decade following the 2008 financial crisis. Important trends suggest that risk management is set to experience even more sweeping change in the next decade.

A recent report by McKinsey & Company explains how the role of risk management will change in the coming years. Today, about half of the risk management employees are dedicated to risk-related operational processes such as credit administration, while 15% work in analytics. The reports forecasts that by 2025, these numbers will be closer to 25 and 40%, respectively.

The US Bureau of Labor statistics anticipates job growth in the field of risk management at about 19% through 2026. This is significantly faster than average for all occupations. Selby Jennings has partnered with RiskMinds Americas to explore the challenges facing the financial services industry and how risk teams can prepare for the future. The Global Association of Risk Professionals explains how Risk Management is evolving as digitization, automation, and externalization are becoming vital trends in the function within banking. Data breaches and cyber-security is a growing problem in all industries, particularly financial services, increasing the need for good risk management teams.

Risk Management Jobs

AVP Credit Risk Modeling
Negotiable, Atlanta, Georgia

A leading financial services company is currently seeking to grow their credit risk modeling tea...

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Compliance Audit Manager
Negotiable, Charlotte, North Carolina

A top tier bank is seeking a seasoned Compliance Audit Manager to take on the leadership respon...

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VP, Operational Risk Management
Negotiable, Atlanta, Georgia

Responsibilities: Oversee and Manage the Risk Management pillar and provide direct oversight ...

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Senior Credit Risk Manager - Large Corporate Credit
Negotiable, Hong Kong

Your Responsibilities Perform risk assessments and review the assessments on the credit propos...

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Operational Risk Sr. Director - Life Insurance
Negotiable, New York, USA

Leading life insurance firm based in New York is seeking a Director or Senior Director to join O...

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SVP Credit Risk Analytics
Negotiable, Atlanta, Georgia

A leading financial services company is seeking an SVP Credit Risk Analytics, which will be a se...

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Risk Model Validator
Negotiable, Wiesbaden, Hessen

Risk Model Validator Aktuell unterstützen wir ein wachsendes und EZB-reguliertes Finanzinstitut ...

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Senior Credit Risk Modeling Associate
Negotiable, Charlotte, North Carolina

A leading financial services company is looking to add a Senior Associate Credit Risk Modeling! ...

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Senior Auditor - Sanctions and Embargos
Bonus, England

Director Financial Crime Audit A Tier One international Investment Bank located in New York ...

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