Summary Report for:
13-2099.02 - Risk Management Specialists
Analyze and make decisions on risk management issues by identifying, measuring and managing operational and enterprise risks for an organization.
This title represents an occupation for which data collection is currently underway.
Tasks | Interests | Work Values | Wages & Employment
Tasks
- Confer with traders to identify and communicate risks associated with specific trading strategies and positions.
- Identify and analyze areas of potential risk to the assets, earning capacity, or success of organizations.
- Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
- Conduct statistical analyses to quantify risk, using statistical analysis software and econometric models.
- Document, and ensure communication of, key risks.
- Devise systems and processes to monitor validity of risk modeling outputs.
- Develop and implement risk-assessment models and methodologies.
- Gather risk-related data from internal or external resources.
- Plan, and contribute to development of, risk management systems.
- Produce reports and presentations that outline findings, explain risk positions, and recommend changes.
Interests
Interest code: CEI
| Conventional — Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow. |
| Enterprising — Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business. |
| Investigative — Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally. |
Work Values
| Achievement — Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement. |
| Independence — Occupations that satisfy this work value allow employs to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy. |
| Recognition — Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status. |
Wages & Employment Trends
National
Median wages data collected from Financial Specialists, All Other.
Employment data collected from Financial Specialists, All Other.
| Median wages (2008) | $27.48 hourly, $57,150 annual |
| Employment (2006) | 129,000 employees |
| Projected growth (2006-2016) | 
Average (7% to 13%)
|
| Projected need (2006-2016) | 50,000 additional employees |
State & National
Source: Bureau of Labor Statistics 2008 wage data
and 2006-2016 employment projections
.
"Projected growth" represents the estimated change in total employment over the projections period (2006-2016). "Projected need" represents job openings due to growth and net replacement.