Risk Careers Advice

Confidence is vital in almost every position. From leadership roles to middle management and below, those with confidence all unite through their shared level of empowerment.

Climate change is undoubtedly one of the largest global issues of the coming decade, but how does it affect businesses and how does risk management need to adapt?

Careers in Risk Management are essentially careers managing the unknown. Yet, when looking beyond continual risk hurdles, Risk Managers are tasked with another everyday challenge – managing.

Diversity, in all forms, enriches business beyond just reputational benefits.

Combining both the technical and interpersonal, these four skills assure longevity and relevancy for Risk Managers in the technological era.

Looking for a new medium to keep you risk management aware? Consider podcasts – perfect for the daily commute and handsfree learning.

With the nature of risk broad and highly diverse, the high-threat risks facing one sector can be completely unique when compared to another. CareersinRisk.com have broken down the top risks facing the four leading industry sectors below.

Risk management – highly diverse and highly collaborative. A career in risk management is underpinned by communication.

Whether the headline surrounds money laundering scandals or heightened regulations, financial crime is not lacking headline making news.

The UK capital may be in political disarray but for individuals working in risk management the tides are unlikely to change too drastically...

Employees have indisputably become the greatest vulnerability to a company. Despite more individuals becoming savvy to the online risks that could leave them and their company vulnerable, the number of hacks continue to climb.

The recent vulnerability exposure of Slack, the American cloud-based team collaboration online tool provider, has raised renewed scepticism surrounding the safety of workplace communication platforms.

The business landscape has certainly developed since our 2013 article on ‘why risk management is important in an organisation’, the relevance of risk management has only heightened and with it a need for an article update.

The importance of auditing corporate culture is growing, in large part thanks to the recent Royal Commission into misconduct in the banking, superannuation and financial services industry in Australia.

ALMA currently runs the course twice a year after completing a successful pilot in September 2016. Over the past two years, CertBALM® has already become a benchmark qualification for the industry.

For UK candidates wishing to pursue a career in risk, knowing which qualifications could bolster your BSc or BA and practical experience is a helpful step in the right direction.

The important thing is to demonstrate a keenness and interest in risk, from education level to any relevant financial internships and of course when applying for your first job in risk.

Moving between a bank’s or business’ lines of defence is a manageable feat and one you may want to accomplish during your career. Specifically it is very common for individuals to move from the third line of defence, internal audit, into the second line of defence, risk.

Risk management in 2018 is knowing that technology, automation and regulation are synonymous with your job in risk. Understanding how these affect an organisation’s risk profile is key in as far as staying one step ahead of the evolving business landscape.