FAQs
What are the main responsibilities of the Enterprise Risk Manager?
The main responsibilities include conducting activities in Enterprise Risk Management in accordance with group guidelines and regulatory requirements, contributing to the continuous improvement of the risk management system, and identifying and assessing risks.
What qualifications are needed for this position?
Typically, a degree in finance, risk management, or a related field is required, along with relevant experience in risk management. Knowledge of regulatory requirements and risk management systems is also essential.
What skills are important for a Manager in Risk Management?
Key skills include strong analytical abilities, excellent communication and leadership skills, a deep understanding of risk management principles, and the ability to develop and implement risk management strategies.
Is there opportunity for professional development in this role?
Yes, there are opportunities for professional development through training and resources to enhance risk management expertise and stay updated on regulatory changes.
How does this role contribute to the overall organization?
This role is critical in identifying and mitigating risks, ensuring compliance with regulations, and supporting the organization's strategic objectives by maintaining a robust risk management framework.
Are there any specific regulatory requirements that the Enterprise Risk Manager must be familiar with?
Yes, familiarity with applicable industry regulations and standards relevant to risk management is essential, as well as staying updated on changes within the regulatory landscape.
What tools or systems will I be using in this role?
You will likely be using various risk management software tools and data analytics platforms tailored to support risk assessment and management processes.
Is teamwork emphasized in this position?
Yes, teamwork is emphasized as the Enterprise Risk Manager will collaborate with various departments to ensure an integrated approach to risk management.
What metrics are used to evaluate the effectiveness of risk management activities?
Effectiveness is often evaluated through key risk indicators (KRIs), audit outcomes, compliance assessments, and operational performance metrics.
Will I be required to report on risk management activities?
Yes, regular reporting on risk management activities and outcomes to senior management and relevant stakeholders is a critical part of the role.