Risk manager
Also known as: corporate risk department manager, risk and insurance consultant, chief risk executive, bank risk manager, chief risk officer, corporate risk manager
About this occupation
Risk managers identify and assess potential threats and risks to a company, and give advice on how to deal with them. They create preventive plans to avoid and reduce risks, and put plans in place for when the company is threatened.
Essential skills and knowledge
- make strategic business decisions
- advise on tax policy
- analyse external factors of companies
- tax legislation
- estimate profitability
- collect financial data
- enforce financial policies
- financial management
- liaise with managers
- analyse market financial trends
- financial statements
- integrate strategic foundation in daily performance
Typical tasks and preparation
From the related US occupation profile Fundraising Managers (O*NET 11-2033.00). Linked by an official crosswalk: related, not identical; details vary by country.
- Develop strategies to encourage new or increased contributions.
- Manage fundraising budgets.
- Develop fundraising activity plans that maximize participation or contributions and minimize costs.
- Plan and direct special events for fundraising, such as silent auctions, dances, golf events, or walks.
- Establish goals for soliciting funds, develop policies for collection and safeguarding of contributions, and coordinate disbursement of funds.
- Establish and maintain effective working relationships with clients, government officials, and media representatives and use these relationships to develop new fundraising opportunities.
- Typical education (US)
- Bachelor's Degree
- Preparation
- Job Zone 4 of 5
- Interests
- Enterprising, Conventional, Social
Top skills: Speaking, Critical Thinking, Active Listening, Social Perceptiveness, Persuasion, Reading Comprehension
US median pay: US$125,470 a year (2025), 38,810 employed. Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics.
Subjects this work relies on
How important each subject's knowledge is in the job itself, rated by people doing it (1 to 5).
- Business Studies or EntrepreneurshipO*NET: Administration and ManagementVery important (4.3)
- English or Literature in EnglishO*NET: English LanguageVery important (4.1)
- Economics or AccountingO*NET: Economics and AccountingImportant (3.5)
- Media StudiesO*NET: Communications and MediaImportant (3.4)
- Mathematics or StatisticsO*NET: MathematicsImportant (3.1)
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.
Preparation needed
Job Zone Four: Considerable Preparation Needed
- Most common education (US)
- Bachelor's Degree
- Education
- Most of these occupations require a four-year bachelor's degree, but some do not.
- Experience
- A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
- Training
- Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.
Related occupations
Occupations O*NET links to this one by similar work, skills and knowledge.
- Fundraisers
- Public Relations Managers
- Public Relations Specialists
- Advertising and Promotions Managers
- Social and Community Service Managers
- Financial Managers
- Meeting, Convention, and Event Planners
- Marketing Managers
- Sales Managers
- Treasurers and Controllers
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.