Risk is part of the business and is pretty much unavoidable, therefore organizations now what to hire you to manage their risk and direct it towards productivity. The risk managers are primarily hired to foresee the potential problems or threats and set into motion any plans which can deter from them happening. When managing risk for an organization, as a risk manager you are responsible for that particular organization’s employees, their stakeholders, image and ultimately the clients as well. It is important for the manager to have knowledge about the legal framework of the market within which they are operating and any possible state and federal regulations which need to be adhered to, in order to manage risk. The term used is “risk appetite” to gauge how much risk an organization is able to take up and successfully account for. With the growing industry the compensation plans for risk manager has also increased, however, the compensation is often linked with the number of years of experience that the candidate has to offer.
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