The occupation code you requested, 13-2099.02 (Risk Management Specialists), is no longer in use. In the future, please use 13-2054.00 (Financial Risk Specialists) instead.
A subset of this occupation's profile is available. Data collection is currently underway to populate other parts of the profile.
Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.
Sample of reported job titles:
Analyst, Equity Research Analyst, Risk Analyst, Risk Manager, Risk Specialist, Securities Analyst
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Tasks
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Analyze areas of potential risk to the assets, earning capacity, or success of organizations.
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Analyze new legislation to determine impact on risk exposure.
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Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
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Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
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Consult financial literature to ensure use of the latest models or statistical techniques.
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Contribute to development of risk management systems.
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Determine potential environmental impacts of new products or processes on long-term growth and profitability.
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Develop contingency plans to deal with emergencies.
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Develop or implement risk-assessment models or methodologies.
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Devise scenario analyses reflecting possible severe market events.
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Devise systems or processes to monitor validity of risk assessments.
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Document, and ensure communication of, key risks.
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Draw charts and graphs, using computer spreadsheets, to illustrate technical reports.
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Evaluate and compare the relative quality of various securities in a given industry.
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Evaluate the risks and benefits involved in implementing green building technologies.
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Evaluate the risks related to green investments, such as renewable energy company stocks.
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Gather risk-related data from internal or external resources.
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Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
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Inform financial decisions by analyzing financial information to forecast business, industry, or economic conditions.
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Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.
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Maintain input or data quality of risk management systems.
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Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
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Monitor developments in the fields of industrial technology, business, finance, and economic theory.
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Prepare plans of action for investment, using financial analyses.
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Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
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Provide statistical modeling advice to other departments.
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Recommend investments and investment timing to companies, investment firm staff, or the public.
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Recommend ways to control or reduce risk.
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Review or draft risk disclosures for offer documents.
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Track, measure, or report on aspects of market risk for traded issues.
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Technology Skills
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Accounting software — Fund accounting software; Intuit QuickBooks
; Sage 50 Accounting; Tax software
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Analytical or scientific software — IBM SPSS Statistics
; SAS
; StataCorp Stata; The MathWorks MATLAB
; 16 more
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Business intelligence and data analysis software — IBM Cognos Impromptu; Oracle Business Intelligence Enterprise Edition; Qlik Tech QlikView; Tableau
; 1 more
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Charting software — Montgomery Investment Technology Utility XL; TickQuest NeoTicker
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Cloud-based data access and sharing software — Microsoft SharePoint
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Configuration management software — Perforce Helix software
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Content workflow software — Atlassian JIRA
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Customer relationship management CRM software — Salesforce software
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Data base management system software — Apache Hive
; Apache Pig; Teradata Database
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Data base reporting software — Microsoft SQL Server Reporting Services SSRS
; Reporting software; SAP Crystal Reports
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Data base user interface and query software — Amazon Web Services AWS software
; Microsoft SQL Server
; ServiceNow
; Yardi software
; 5 more
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Development environment software — Microsoft Azure software
; Microsoft Visual Basic
; Microsoft Visual Basic for Applications VBA
; Ruby
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Document management software — Microsoft Office SharePoint Server MOSS
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Electronic mail software — IBM Notes; Microsoft Exchange; Microsoft Outlook
-
Enterprise resource planning ERP software — Microsoft Dynamics
; Oracle JD Edwards EnterpriseOne; Oracle PeopleSoft
; SAP software
; 9 more
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Enterprise system management software — IBM Power Systems software
-
Expert system software — Ivorix Neurostrategy Finance; Matheny Pattern Forecaster Plus; NeuroSolutions for MatLab
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Financial analysis software — Delphi Technology; Oracle E-Business Suite Financials; Wolfram Research Mathematica Finance Essentials; Wolfram Research Mathematica UnRisk Pricing Engine
; 73 more
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Human resources software — ADP Workforce Now; Human resource management software HRMS
-
Information retrieval or search software — dailyVest Investment Personalization Platform; LexisNexis; S&P Capital IQ; Standard & Poor's Capital IQ Compustat
; 4 more
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Internet browser software — Web browser software
-
Object or component oriented development software — C++
; Perl
; Python
; R
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Office suite software — Microsoft Office software
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Operating system software — Linux
; UNIX
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Presentation software — Apple Keynote; DealMaven PresLink for PowerPoint and Word; Google Slides; Microsoft PowerPoint
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Process mapping and design software — Microsoft Visio
-
Project management software — Microsoft Project
; Oracle Primavera Enterprise Project Portfolio Management
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Sales and marketing software — Marketo Marketing Automation
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Spreadsheet software — Apple AppleWorks; Corel QuattroPro; IBM Lotus 1-2-3; Microsoft Excel
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Transaction security and virus protection software — McAfee
-
Word processing software — Google Docs
; Microsoft OneNote; Microsoft Word
; Report generation software
Hot Technologies are requirements most frequently included across all employer job postings.
In Demand skills are frequently included in employer job postings for this occupation.
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Detailed Work Activities
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Assess risks to business operations.
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Analyze business or financial data.
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Analyze risks related to investments in green technology.
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Apply mathematical models of financial or business conditions.
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Develop business or financial information systems.
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Present business-related information to audiences.
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Advise others on analytical techniques.
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Advise others on business or operational matters.
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Confer with others about financial matters.
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Create images of data, locations, or products.
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Determine the value of goods or services.
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Develop contingency plans to deal with organizational emergencies.
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Develop financial analysis methods.
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Develop financial or business plans.
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Educate clients on financial planning topics.
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Evaluate applicable laws and regulations to determine impact on organizational activities.
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Gather organizational performance information.
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Maintain data in information systems or databases.
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Monitor business indicators.
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Prepare financial documents, reports, or budgets.
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Prepare regulatory or compliance documentation.
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Recommend investments to clients.
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Update professional knowledge.
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Job Zone
- Title
- Job Zone Four: Considerable Preparation Needed
- Education
- Most of these occupations require a four-year bachelor's degree, but some do not.
- Related 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.
- Job Training
- Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
- Job Zone Examples
- Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, conservation scientists, art directors, and cost estimators.
- SVP Range
- (7.0 to < 8.0)
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Training & Credentials
- State training
-
- Local training
-
- Certifications
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- State licenses
-
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Apprenticeship Opportunities
Example apprenticeship titles for this occupation:
- Risk Management Analyst (Energy)
Specific title(s) listed above are vetted by industry and approved by the U.S. Department of Labor for use in a Registered Apprenticeship Program.
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Interests
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Conventional — Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
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Investigative — Work involves studying and researching non-living objects, living organisms, disease or other forms of impairment, or human behavior. Investigative occupations are often associated with physical, life, medical, or social sciences, and can be found in the fields of humanities, mathematics/statistics, information technology, or health care service.
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Enterprising — Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.
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Wages & Employment Trends
- Median wages (2023)
- $51.01 hourly, $106,090 annual
- State wages
-
- Local wages
-
- Employment (2023)
- 57,500 employees
- Projected growth (2023-2033)
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Faster than average (6% to 8%)
- Projected job openings (2023-2033)
- 4,600
- State trends
-
- Top industries (2023)
-
Source: Bureau of Labor Statistics 2023 wage data
external site and 2023-2033 employment projections
external site.
“Projected growth” represents the estimated change in total employment over the projections period (2023-2033). “Projected job openings” represent openings due to growth and replacement.
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Job Openings on the Web
- State job openings
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- Local job openings
-
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Professional Associations
Disclaimer:
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National Associations
Regional Associations
Accreditation, Certification, & Unions
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