Risk Manager Duties, Skills & Responsibilities

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When hiring Risk Managers, it’s important to properly describe the job opening with the duties, skills and responsibilities of the role. We’ve compiled a guide to Risk Manager Duties, Skills & Responsibilities using data from actual job postings on Indeed.

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Popular Risk Manager Duties and Skills

Here are some commonly found skills and other specifications in job postings for Risk Managers.

Financial services

Definition : Knowledge of or experience with services related to the finance industry, such as banking, lending, or investing.
Years of experience most commonly required: 3-4
How common is it? This skill is found in 9% of Risk Manager job postings on Indeed.

Banking

Definition : Knowledge of or experience with working in a banking environment.
Years of experience most commonly required: 4-5
How common is it? This skill is found in 8.2% of Risk Manager job postings on Indeed.

Data collection

Definition : Experience researching and gathering objective and accurate information relevant to subjects of interest.
Years of experience most commonly required: 5-6
How common is it? This skill is found in 4.9% of Risk Manager job postings on Indeed.

Negotiation

Definition : Skill or experience with negotiation, typically in a business, financial, or legal context.
Years of experience most commonly required: 6-7
How common is it? This skill is found in 3.8% of Risk Manager job postings on Indeed.

Fraud

Definition : Experience with or knowledge of fraud compliance, detection, or prevention.
Years of experience most commonly required: 4-5
How common is it? This skill is found in 3.7% of Risk Manager job postings on Indeed.

Math

Definition : Knowledge of or experience with general mathematical concepts.
Years of experience most commonly required: 1-2
How common is it? This skill is found in 3.4% of Risk Manager job postings on Indeed.

VBA

Definition : A programming language developed by Microsoft for use within existing Microsoft applications, such as Word and Excel.
Years of experience most commonly required: 2-3
How common is it? This skill is found in 3.4% of Risk Manager job postings on Indeed.

Quantitative analysis

Definition : Experience or knowledge of performing various types of quantitative analysis.
Years of experience most commonly required: 2-3
How common is it? This skill is found in 3.1% of Risk Manager job postings on Indeed.

Risk analysis

Definition : Experience with or skills in identifying and preventing potential risks, such as business, financial, or security risks.
Years of experience most commonly required: 2-3
How common is it? This skill is found in 2.6% of Risk Manager job postings on Indeed.

Underwriting

Definition : Experience in assessing and undertaking financial risk in exchange for payment.
Years of experience most commonly required: 5-6
How common is it? This skill is found in 1.7% of Risk Manager job postings on Indeed.

Financial analysis

Definition : Skill in or experience with financial analysis.
Years of experience most commonly required: 3-4
How common is it? This skill is found in 1.5% of Risk Manager job postings on Indeed.

Financial acumen

Definition : Knowledge of the relationship between financial principles that determine business growth and skill in applying that knowledge to making strategic business decisions..
Years of experience most commonly required: 5
How common is it? This skill is found in 1.1% of Risk Manager job postings on Indeed.

Data mining

Definition : Skill in data mining techniques used to identify patterns in large amounts of data.
Years of experience most commonly required: 3-4
How common is it? This skill is found in 0.8% of Risk Manager job postings on Indeed.

Financial modeling

Definition : Experience or knowledge of performing various types of financial modeling.
Years of experience most commonly required: 4-5
How common is it? This skill is found in 0.8% of Risk Manager job postings on Indeed.

Statistics

Definition : Knowledge or experience in the field of statistics, from basic to advanced.
Years of experience most commonly required: 2-3
How common is it? This skill is found in 0.5% of Risk Manager job postings on Indeed.

Credit analysis

Definition : Skill in or experience with analyzing financial data to determine the default risk associated with a borrower.
Years of experience most commonly required: 2-3
How common is it? This skill is found in 0.4% of Risk Manager job postings on Indeed.

Statistical analysis

Definition : Experience or knowledge of performing various methods of statistical analysis.
Years of experience most commonly required: 1-2
How common is it? This skill is found in 0.3% of Risk Manager job postings on Indeed.

Data modeling

Definition : Experience or skill with the process of creating conceptual representations of data objects and their relationships.
Years of experience most commonly required: 5
How common is it? This skill is found in 0.3% of Risk Manager job postings on Indeed.

Financial report writing

Definition : Experience collecting, analyzing, and compiling financial information in a report for internal or external stakeholders.
Years of experience most commonly required: 5
How common is it? This skill is found in 0.2% of Risk Manager job postings on Indeed.