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Risk Management Specialists

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Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.

    Work Activities
    • Develop contingency plans to deal with emergencies.
    • Recommend ways to control or reduce risk.
    • Analyze areas of potential risk to the assets, earning capacity, or success of organizations.
    • Document, and ensure communication of, key risks.
    • Maintain input or data quality of risk management systems.
    • Evaluate the risks related to green investments, such as renewable energy company stocks.
    • Gather risk-related data from internal or external resources.
    • Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
    • Develop or implement risk-assessment models or methodologies.
    • Determine potential environmental impacts of new products or processes on long-term growth and profitability.
    • Devise systems or processes to monitor validity of risk assessments.
    • Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
    • Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
    • Contribute to development of risk management systems.
    • Review or draft risk disclosures for offer documents.
    • Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
    • Devise scenario analyses reflecting possible severe market events.
    • 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.
    • Track, measure, or report on aspects of market risk for traded issues.
    • Analyze new legislation to determine impact on risk exposure.
    • Evaluate the risks and benefits involved in implementing green building technologies.
    • Provide statistical modeling advice to other departments.
    • Determine potential liability related to the use of more sustainable methods of product packaging, such as biodegradable food containers.
    • Consult financial literature to ensure use of the latest models or statistical techniques.
    • Critical Thinking

      Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

    • Reading Comprehension

      Understanding written sentences and paragraphs in work related documents.

    • Active Listening

      Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

    Applied Math
    Workplace Documents
    Graphic Literacy
    • Problem Sensitivity

      The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.

    • Deductive Reasoning

      The ability to apply general rules to specific problems to produce answers that make sense.

    • Inductive Reasoning

      The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

    • English Language

      Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

    • Administration and Management

      Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

    • Law and Government

      Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

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    • Ohio Annual Salary $74,340/yr
    • Typical Salary
    • Ohio Hourly Wage $35.74/hr
    • Typical Hourly Wage
    Ohio Employment Trends
    • Currently Employed 5,790
    • Yearly Projected Openings 570
    Typical Education
    Conventional: People interested in this work like activities that include data, detail, and regular routines. They do well at jobs that need:
    • Analytical Thinking
    • Initiative
    • Integrity
    • Attention to Detail
    • Leadership
    • Dependability
    • Special purpose telephones
    • Scanners
    • Personal computers
    • Notebook computers
    • Desktop computers
    • Project management software
    • Data base user interface and query software
    • Data base management system software
    • Business intelligence and data analysis software
    • Analytical or scientific software
    • Bright Outlook occupations will grow rapidly in the next few years, have a large number of openings, or are new and emerging careers.
    • Green occupations are jobs that contribute to energy conservation, development of alternative energy, reducing pollution, or recycling.