What does a Risk Manager do?
- Identifies and classifies the company's risks
- Builds probability and loss models, runs scenarios
- Justifies risk limits and mitigation measures
- Delivers the result to management as a clear number and a recommendation
Which skills do you need?
Probability and statisticsFinancial analysisRisk modellingExcel and SQLCritical thinkingWorking with uncertaintyArgumentation
How to become a Risk Manager?
- 1Bachelor's: finance, economics or applied mathematics
- 2Specialisation: risk methods and statistics + FRM/PRM-track preparation
- 3Junior risk analyst: work at a bank, an insurer or a large company
What is the work environment like?
Office work: data, models and discussions with management. The pace spikes during reporting periods and market shocks.