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What jobs to get after risk management certification?
As a risk management aspirant many candidates would like to know the career prospects in financial risk management field after completing popular certifications like FRM//PRM/ERP to name a few. There are many roles and responsibilities with varying titles depending on the firm. We will be discussing some common titles and their specific responsibilities while performing their job duties
As such most common title that we can think of is a risk officer upon successful completion of these credentials. It can also be an MBA with focus on risk management from universities. Here are the common job roles of a person in risk management field:
1) Co-ordinate with the board, senior management and help them in setting risk strategy for the firm. This involves spectrum of risk management including market risk, credit risk, operational risk as a whole Enterprise Risk Management ERM
2) Need to be a mentor in hiring developing, training and positioning risk management team. This involves lots of communication and co-ordination
3) Act as risk management mentor by conducting seminars/webinars frequently to update latest trends and developments in risk management
4) Involve in modeling risk using risk management tools like VaR
5) Analyse the financial implication and advise the senior management on financial implications of risk related decisions