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

VP, Operational Risk Management
US$140000 - US$160000 per annum, Charlotte

Requirements: Contributing to the development of the markets and trading operational risk man...

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Senior Risk Analyst - Data Reporting and Python Automation
Negotiable, Dallas

A leading American financial institution is currently building out their second line of defense ...

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Senior IT Operational/Enterprise Risk Manager
Negotiable, Dallas

A major American Financial Institution is aggressively expanding their IT Risk Function with sen...

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Risk Analytics Model Development
Negotiable, Dallas

A leading American Investment bank is building out their Risk Analytics team at the VP level and...

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Consultant - Risk Insurance
Negotiable, Zürich

A top tier consultancy in Zurich is searching for a Consultant in Risk Insurance. If you are sear...

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Senior Consultant - Risk / Compliance
Negotiable, Frankfurt am Main

A rapidly growing boutique consultancy are looking for highly motivated Senior Consultants to joi...

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Quantitative Manager in Credit Risk
€140000 - €160000 per annum, Zürich

A top tier consultancy in Zurich is searching for a Quantitative Manager in Credit Risk. If you a...

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VP Quantitative Analytics
Negotiable, Atlanta

A leading financial services company is currently seeking a VP Quantitative Analytics to grow th...

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IT Operational Risk Manager
Negotiable, Dallas

A leading financial services organization is looking to hire an IT Enterprise/Operational Risk M...

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