Some crucial skills for successful risk managers are internal audit, financial analysis, financial modelling, project management, data analysis and statistical analysis. A bachelor’s degree relating to risk management and licensing as a risk manager may also be required.
Some typical tasks of risk managers include understanding relevant laws and regulations that may impact business, making complex business decisions by considering risk and reward, creating contingency plans, etc. Moreover, a risk manager carries out audits and random checks to ensure that employees adhere to safety rules. They also develop what-if scenarios to determine what kind of risks and potential a decision can have.
Along with ensuring compliance, risk managers also cultivate an ethical business culture. So, if you believe in ‘compliance with a conscience’ and have a good command of risk management, this is what you should aim for.