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Risk Manager Job Description: Top Duties and Qualifications

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Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

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A 16429764risk management6.6risk manager1.97finance1.84manager1.41cyber security1.3812903612423429000.00114090.86255000.00YEARLY854163572025-10-012025-10-312025-09-012025-09-302025-11-05Risk Manager, or Risk Assessment Manager, is responsible for determining the types of risks that could affect a company’s financial health, legal compliance or reputation. Their duties include communicating with company leadership personnel, Department Managers or legal staff, reviewing operational procedures, employee data or market trends and presenting their findings to upper management personnel.

16429764risk management6.6risk manager1.97finance1.84manager1.41cyber security1.3812903612423429000.00114090.86255000.00YEARLY854163572025-10-012025-10-312025-09-012025-09-302025-11-05Risk Manager Duties and Responsibilities

As people who manage company risks, Risk Managers have the following duties and responsibilities:

  • Review and give an assessment of all suspicious account activity
  • Conduct research into possible fraud and report on any findings
  • Investigate potential risks and assess those risks
  • Report on any risks to the risk management director

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Risk Manager Job Description Examples

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Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

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What Does a 16429764risk management6.6risk manager1.97finance1.84manager1.41cyber security1.3812903612423429000.00114090.86255000.00YEARLY854163572025-10-012025-10-312025-09-012025-09-302025-11-05Risk Manager Do?

Risk Managers typically work for corporations across industries to ensure they make smart business decisions to promote their company’s longevity. They work closely with risk management personnel and company Executives to identify risks and develop strategies to prevent potentially harmful activities or practices. Their job is to uphold their employer’s success by thinking about how current company practices could affect their employer in the future. They may also be responsible for investigating instances of fraud or unethical work practices to determine whether their employer needs to take immediate action.

16429764risk management6.6risk manager1.97finance1.84manager1.41cyber security1.3812903612423429000.00114090.86255000.00YEARLY854163572025-10-012025-10-312025-09-012025-09-302025-11-05Risk Manager Skills and Qualifications

Risk Managers must have specific skills to work at their jobs. Some Risk Managers have certifications in the financial or accounting industries:

  • Financial knowledge: A 16429764risk management6.6risk manager1.97finance1.84manager1.41cyber security1.3812903612423429000.00114090.86255000.00YEARLY854163572025-10-012025-10-312025-09-012025-09-302025-11-05Risk Manager is someone who should have a financial background with working with assets, markets, resources and funding.
  • Computer skills: Risk Managers should be able to work with financial databases.
  • Communication skills: Risk Managers need to talk with stakeholders about risks and how to stop risks.
  • Detail-oriented: A 16429764risk management6.6risk manager1.97finance1.84manager1.41cyber security1.3812903612423429000.00114090.86255000.00YEARLY854163572025-10-012025-10-312025-09-012025-09-302025-11-05Risk Manager should be meticulous about keeping records and recording risk data.
  • Analytical skills: A risk assessment manager should have skills involving data use, statistics and math to be able to manage data and financial information.
  • Enterprise resource planning: Risk Managers should be able to use the resources at their disposal wisely and frugally.

Risk Manager Salary Expectations

The average salary for a Risk Manager in the United States is $92,292 per year. This is the average, but compensation varies depending on bonus packages. The salary estimates are based on salaries submitted anonymously to Indeed by Risk Manager employees, users, as well as being collected from job advertisements on Indeed.

Risk Manager Salary Expectations

2025-10-0129000.00114090.86255000.00YEARLY
  • Common salary: 114090.86 YEARLY
  • Typical salaries range from 29000.00 - 255000.00 YEARLY
  • Find more information on Indeed Salaries

*Indeed data – 2025-10-01

Risk Manager Education and Training Requirements

Risk Manager education and training requirements usually require a Bachelor’s degree, with a master’s preferred for most positions. The degree fields should be finance, business administration, accounting or another business major. Special fields may require further certification such as in the healthcare field. There are other certifications available for Risk Managers to pursue their education and career paths.

Risk Manager Experience Requirements

Because a Risk Manager works with finances, it is useful for Risk Managers to have experience in business or finance before they become Risk Managers. Experience in business or finance can help a Risk Manager understand the needs of any business client. A Risk Manager should have more than five years of risk assessment and abatement experience in the business administration, finance or accounting fields. It is useful if a Risk Manager has project management and supervisory experience during a Risk Manager career to know how to work with people and manage risk assessment teams for risk assessment and abatement.

Risk Manager Similar Positions

If Risk Manager doesn’t seem to be the right fit, these similar jobs may also be what you’re looking for: 

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Frequently asked questions about Risk Managers

Three individuals are sitting at a table with a laptop, a disposable coffee cup, notebooks, and a phone visible. Two are facing each other, while the third’s back is to the camera. The setting appears to be a bright room with large windows.

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