Nestorbot
Financial ServicesBanking and Finance

Risk Manager

The Risk Manager identifies, assesses, and mitigates financial and operational risks across the organisation. This role establishes risk management frameworks and ensures the organisation operates within its risk appetite.

What Does a Risk Manager Do?

Maintain a comprehensive risk register, ensure timely escalation of material risks, and deliver actionable risk reports to the board and regulators.

Key Responsibilities & Tasks

Risk Identification and Assessment

  • Identify emerging risks across business units
  • Conduct quantitative and qualitative risk assessments
  • Maintain and update the enterprise risk register

Risk Mitigation

  • Design and implement risk mitigation strategies
  • Monitor risk indicators and trigger escalation protocols

Do You Have the Skills for This Role?

A Risk Manager needs 5 core competencies. Here's what's required and at what level.

Must-Have Skills (Advanced)

Communication

Advanced

Interacting with Others

Problem Solving

Advanced

Thinking Critically

Decision Making

Advanced

Thinking Critically

Supporting Skills

Sense Making

Intermediate

Thinking Critically

Collaboration

Intermediate

Interacting with Others

SkillsFuture Skill Levels

3 levels
1

Basic

Recognise and understand fundamental concepts. Apply skills in routine situations with guidance.

2

Intermediate

Apply skills in varied situations independently. Analyse problems and adapt approaches as needed.

3

Advanced

Lead and innovate in complex situations. Evaluate strategies, guide teams, and drive improvements.

European Skills Framework

ESCO

Skills and knowledge areas required for this occupation based on European classification.

Essential

digital data processingrisk transferrisk managementsecuritiesassessment of risks and threatsrisk identificationeconomicsfinancial analysismanagement consultingtax legislationintegrate strategic foundation in daily performanceadvise on risk managementenforce financial policiesstrive for company growthcreate a financial planinterpret financial statementsmanage financial riskadvise on tax policycreate risk reportsassess risk factorscollect financial dataanalyse financial riskliaise with managersfollow company standards

Career Paths from Risk Manager

Explore related roles in Financial Services that share similar skill requirements.

Financial AnalystUnderwriterClaims SpecialistBlockchain DeveloperActuary

Will AI Threaten Your Job?

77
Low riskVery High RiskHigh risk

Most at risk

financial statementscalculate dividendsprepare financial statements

Most resilient

liaise with managersmake strategic business decisionsfollow company standards
View full AI disruption analysis →

Quick Facts

SectorFinancial Services
TrackBanking and Finance
Core Skills5
Key Tasks5

Is Risk Manager right for you?

Take the free 10-minute Career Portrait to see which career direction fits your motivations and strengths.

More in Financial Services

Explore all career paths in the Financial Services sector.

View all Financial Services roles
Check Your Readiness