The Role

• Completing risk assessments
• Reporting on current problems or concerns
• Providing support to help reduce future incidents
• Creating reports to communicate findings
• Visiting different sites/departments to monitor changes to processes
• Scheduling meetings to implement change
• Considering potential costs, legal requirements and the practicality of finding the best solution to the problem
• Working around 40 hours a week, usually between 9am and 6pm
• If you work for a large organisation, you might have to work additional hours and also travel, both nationally and internationally. This is so that you can assess other sites

Salary

• Newly trained risk managers can earn in the region of £20,000–£29,000
• Trained with experience risk managers can earn in the region of £29,000–£45,000
• Senior risk managers can earn in the region of £45,000–£74,000

Salaries typically range depending on location and level of responsibility.

Qualifications and Training

Most risk managers are graduates, and those with a risk management BSc Honours Degree in England, or a L6 NVQ/HNC in Wales, or the Scottish equivalent, are highly sought after by employers. But there are other degrees that are useful for becoming a risk manager include:

• finance and economics
• engineering
• law
• management  
• business studies

For those with a non-risk management specific degree, there are two distance learning qualifications that can help, provided by the Institute of Risk Management (IRM):

• The International Certificate in Risk Management
• The International Diploma in Risk Management, which is a postgraduate qualification