Risk managers identify and assess possible threats to both the workforce and the organisation.
The Role
  • Completing risk assessments
  • Reporting on current problems or concerns
  • Providing support to help reduce future incidents
  • Creating reports to communicate findings
  • Visiting different sites/departments to monitor changes to processes
  • Scheduling meetings to implement change
  • Considering potential costs, legal requirements and the practicality of finding the best solution to the problem
  • Working around 40 hours a week, usually between 9am and 6pm
  • If you work for a large organisation, you might have to work additional hours and also travel, both nationally and internationally. This is so that you can assess other sites
Salary
  • Newly trained risk managers can earn in the region of £25,000£30,000
  • Trained with experience risk managers can earn in the region of £30,000£45,000
  • Senior risk managers can earn in the region of £45,000£75,000
Salaries typically range depending on location and level of responsibility.
Qualifications & Training
Most risk managers are graduates, and those with a risk management BSc Honours Degree in England, or a L6 NVQ/HNC in Wales, or the Scottish equivalent, are highly sought after by employers. But there are other degrees that are useful for becoming a risk manager include:
  • finance and economics
  • engineering
  • law
  • management
  • business studies
For those with a non-risk management specific degree, there are two distance learning qualifications that can help, provided by the Institute of Risk Management (IRM):
  • The International Certificate in Risk Management
  • The International Diploma in Risk Management, which is a postgraduate qualification