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

Head of Finance - Selby Jennings
Negotiable, Singapore

Job Responsibilities: Responsible for financial management, cash flow and treasury to ensure f...

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VP - Portfolio Management and Analytics
Negotiable, Wilmington

An industry-leading consumer bank is seeking an analytically-driven individual to spearhead cre...

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VP Corporate Lending Credit Risk - Industrials
Negotiable, New York

A major, bulge-bracket investment bank is looking to add headcount to their Credit Risk team wit...

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VP, Operational Risk Management
US$140000 - US$160000 per year, Atlanta

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

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Director Strategy & Analytics
Negotiable, Charlotte

A top-performing consumer lender is seeking a Director of Strategy Analytics to revolutionize co...

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Electronic Trading Compliance and Risk Manager -VP
Negotiable, New York

A top American Investment Bank is currently looking to hire a Vice President of Electronic Tradi...

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VP Quant Risk Analytics, Markets
Negotiable, New York

Major global investment bank is hiring on the Quant Risk Analytics Markets team, a client facing...

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Equity Derivatives Pricing - Model Risk
Negotiable, New York

A top international investment bank is looking for an experienced model risk professional to joi...

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Credit Risk - Model Validation
Negotiable, Frankfurt am Main

One of the world's leading banks is seeking highly motivated Risk professionals to join their val...

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