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

Decision Engine Analyst
Negotiable, Dallas

Company Summary: A top consumer lending fintech in the Dallas area is in high growth mode and loo...

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Operational Risk Associate
US$120000 - US$150000 per year, New York

A top Hedge Fund in the Greater New York City area is looking to hire an Associate to their Opera...

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Operational Risk Manager - AVP
Negotiable, New York

A top asset management firm is looking for an experienced Operational Risk Manager to oversee and...

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Lead Data Scientist
Negotiable, Dallas

Company Summary: A top consumer lending fintech in the Dallas area is in high growth mode and loo...

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Commodities Credit Risk Associate
Negotiable, Houston

An Industry leading investment bank in the Houston area is looking to hire associates for their c...

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FIG - Credit RIsk - Associate to Vice President
Negotiable, Dallas

An Industry leading investment bank in the Dallas - Fort Worth area is looking to hire on multipl...

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AVP Credit Strategy
Negotiable, Wilmington

Company Summary: A top consumer lending firm is looking to expand their risk analytics division. ...

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Commercial Real Estate - Credit Risk - Vice President
Negotiable, Dallas

An industry-leading, bulge-bracket investment bank is looking to hire a VP-level Credit Risk Mana...

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IT Governance Officer
Negotiable, Hong Kong

RESPONSIBILITIES Develop IT framework and procedures according to the industry best practices and...

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