Enterprise Risk Management Analyst Job Description [Updated for 2025]

enterprise risk management analyst job description

In today’s interconnected world, the focus on Enterprise Risk Management Analysts is more critical than ever.

With the increasing complexities of business operations, the demand for proficient individuals who can identify, assess, and manage risks in an organization continues to rise.

But what really is an Enterprise Risk Management Analyst role?

Whether you are:

  • A job seeker trying to understand the core responsibilities of this role,
  • A hiring manager aiming to outline the perfect candidate,
  • Or simply curious about the dynamics of enterprise risk management,

You’ve come to the right place.

Today, we present a customizable Enterprise Risk Management Analyst job description template, crafted for effortless posting on job boards or career sites.

Let’s delve right into it.

Enterprise Risk Management Analyst Duties and Responsibilities

Enterprise Risk Management Analysts work to identify potential risks and develop strategies to mitigate them in order to protect an organization’s financial wellbeing and reputation.

They use a combination of analytical skills and knowledge of business processes to assess and manage various risks.

Their duties and responsibilities include:

  • Identifying and analyzing potential risks that may affect the financial and reputational standing of the organization
  • Developing and implementing risk management policies and protocols
  • Assessing the organization’s readiness to deal with potential risks and suggesting preventive measures
  • Creating detailed reports of risk assessments and presenting findings to relevant stakeholders
  • Coordinating with different departments to collect data and understand various business processes
  • Monitoring and reviewing the effectiveness of risk mitigation strategies and updating them as necessary
  • Providing training to staff about risk management and promoting a culture of risk awareness
  • Staying up to date with the latest risk management tools, techniques, and industry trends
  • Assisting in the development of contingency plans to manage crises

 

Enterprise Risk Management Analyst Job Description Template

Job Brief

We are looking for a detail-oriented Enterprise Risk Management Analyst to assist in identifying, evaluating, and addressing potential risks within our organization.

Your responsibilities will include conducting risk assessments, creating risk management policies, and implementing strategies to control risks.

Our ideal candidate has a solid understanding of risk management techniques, excellent analytical skills, and the ability to manage multiple tasks in a fast-paced environment.

You should have a proactive mindset towards risk mitigation and be well-versed in regulatory guidelines and industry standards.

 

Responsibilities

  • Identify and assess areas of significant business risk.
  • Implement risk management controls and systems designed to mitigate those risks.
  • Monitor and evaluate the effectiveness of risk management processes.
  • Prepare risk management and insurance budgets.
  • Provide support and training to staff to build risk awareness within the organization.
  • Coordinate risk reports for management and/or board of directors.
  • Contribute to the development of risk management strategies.
  • Review legal documents to ensure compliance with risk management strategies.
  • Communicate with external auditors and regulators as required.
  • Stay informed about industry developments and changes in regulatory guidelines.

 

Qualifications

  • Proven work experience as an Enterprise Risk Management Analyst, Risk Manager or similar role.
  • Strong knowledge of risk assessment and control procedures.
  • Proficient in data analysis and risk assessment.
  • Excellent organizational and multitasking abilities.
  • Outstanding communication and interpersonal skills.
  • Ability to handle stress and remain calm in a crisis.
  • BSc degree in Finance, Business Management or a relevant field.
  • Certifications such as Certified Risk Manager (CRM) or Certified in Risk and Information Systems Control (CRISC) are preferred.

 

Benefits

  • 401(k)
  • Health insurance
  • Dental insurance
  • Retirement plan
  • Paid time off
  • Professional development opportunities

 

Additional Information

  • Job Title: Enterprise Risk Management Analyst
  • Work Environment: Corporate office setting with potential for remote work. Occasional travel may be required for meetings or conferences.
  • Reporting Structure: Reports to the Risk Management Director or Chief Risk Officer.
  • Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
  • Pay Range: $78,000 minimum to $112,000 maximum
  • Location: [City, State] (specify the location or indicate if remote)
  • Employment Type: Full-time
  • Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
  • Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does an Enterprise Risk Management Analyst Do?

Enterprise Risk Management Analysts typically work for large corporations across various industries, including financial services, healthcare, and technology among others.

They can also work as consultants in risk management firms.

Their primary role involves identifying potential risks that could negatively affect an organization’s reputation, safety, security, and financial prosperity.

They do this by conducting thorough risk assessments which involves analyzing documents, statistics, reports, and market trends.

They work closely with other risk management professionals and organizational stakeholders to devise strategies and processes to mitigate or manage these risks.

They also maintain a risk register, detailing all identified risks and actions taken.

Enterprise Risk Management Analysts are also responsible for creating and coordinating risk management policies and protocols.

They are involved in the establishment of risk appetite and risk tolerance levels for their organization.

They may also be required to provide training and awareness sessions to staff, ensuring all employees are aware of risks, their potential impact, and risk mitigation strategies.

In addition, they report on risk to the board of directors and other top-level executives, highlighting the most significant risks and suggesting ways to manage them.

Their role is critical in helping organizations avoid potential losses or disruptions, while ensuring compliance with relevant regulations and standards.

 

Enterprise Risk Management Analyst Qualifications and Skills

Enterprise Risk Management Analysts require a diverse set of skills and qualifications to manage and mitigate potential risks within an organization, such as:

  • Strong analytical skills to evaluate and assess potential risks, as well as determine the impact of these risks on an organization.
  • Extensive knowledge of risk management principles and practices to effectively identify and manage an organization’s risk portfolio.
  • Excellent communication and interpersonal skills to present risk assessments and strategies to a variety of stakeholders, including executives and board members.
  • Problem-solving skills to devise effective solutions and risk mitigation strategies that align with an organization’s strategic objectives.
  • Detail-oriented to ensure all potential risks are identified and addressed.
  • Understanding of enterprise software and systems used in risk management to track and analyze risk data.
  • Ability to work collaboratively with diverse teams within the organization, including finance, operations, and IT.
  • Professional certifications such as Certified in Risk and Information Systems Control (CRISC), or Certified Internal Auditor (CIA) can be advantageous.

 

Enterprise Risk Management Analyst Experience Requirements

To qualify as an Enterprise Risk Management Analyst, candidates typically need to have a minimum of 2 to 3 years of experience in risk management, financial services, auditing, or a related field.

This experience may be gained through entry-level roles or internships in organizations where they get exposed to risk identification, risk assessment, risk control, and risk monitoring processes.

Candidates with 3 to 5 years of experience are often expected to have a solid understanding of enterprise risk management principles and practices.

They should also be adept at using risk management software and tools, as well as understanding relevant regulatory requirements.

Individuals with over 5 years of experience may have held senior analyst roles or supervisory positions.

These candidates are often experienced in developing and implementing risk management policies and strategies across the organization.

They may also have experience in training others on risk management concepts and procedures, making them suitable for leadership roles within enterprise risk management.

Continuing education in the form of certifications like the Certified in Risk and Information Systems Control (CRISC) or the Professional Risk Manager (PRM) can also be beneficial and may substitute for some experience requirements.

 

Enterprise Risk Management Analyst Education and Training Requirements

Enterprise Risk Management Analysts usually hold a bachelor’s degree in finance, accounting, economics, business administration, or a related field.

In addition to their degree, they should have a good understanding of financial concepts and risk management principles.

They should also be familiar with business laws, regulations, and industry standards.

For higher-ranking positions or specialized roles, a master’s degree in business administration, finance, or related disciplines might be necessary.

Many employers prefer candidates who are certified Risk Management Professionals (RMP), or hold certifications such as Financial Risk Manager (FRM) or Professional Risk Manager (PRM).

These certifications demonstrate advanced knowledge and skills in risk management, financial management, and business continuity, and can enhance an analyst’s credibility and advancement opportunities.

Furthermore, knowledge and proficiency in statistical analysis software and database tools are typically required.

Candidates should be committed to continued education and staying updated on risk management trends, regulatory changes, and industry developments.

Ongoing training and development may include professional workshops, seminars, and courses offered by industry associations and professional bodies.

 

Enterprise Risk Management Analyst Salary Expectations

An Enterprise Risk Management Analyst earns an average salary of $80,847 (USD) per year.

The actual compensation can vary depending on factors such as experience, qualifications, and the location of the job.

Additionally, the specific industry and size of the employing company can also significantly impact the salary.

 

Enterprise Risk Management Analyst Job Description FAQs

What skills does an Enterprise Risk Management Analyst need?

Enterprise Risk Management Analysts should have excellent analytical skills to identify and assess potential risks.

They also need strong communication skills to effectively explain complex risk assessments to a non-technical audience.

Familiarity with risk assessment software and predictive modeling is also essential.

In addition, these analysts should have a deep understanding of business operations and financial forecasting.

 

Do Enterprise Risk Management Analysts need a degree?

Most positions for Enterprise Risk Management Analysts require a bachelor’s degree in finance, business, economics, or a related field.

Some organizations might prefer candidates with a master’s degree or professional certifications such as Certified Risk Analyst (CRA) or Certified Risk Management Professional (CRMP).

 

What should you look for in an Enterprise Risk Management Analyst resume?

You should look for a solid educational background in relevant fields, prior experience in risk management, and any certifications in risk management.

Knowledge and experience with risk management software and tools, project management, and data analysis are also valuable.

Additionally, check for strong problem-solving skills, critical thinking, and the ability to work well in a team.

 

What qualities make a good Enterprise Risk Management Analyst?

A good Enterprise Risk Management Analyst is detail-oriented, has the ability to think strategically and foresee potential risks and their impact on the organization.

They should be excellent communicators, able to explain complex ideas simply to various stakeholders.

These analysts should also be proactive, comfortable with uncertainty, and have a strong ethical compass to ensure they always work in the best interest of the organization.

 

What is the role of an Enterprise Risk Management Analyst in decision making?

Enterprise Risk Management Analysts play a key role in the decision-making process by identifying, analyzing, and mitigating risks that could affect the organization’s objectives.

Their assessments provide valuable information that aids senior management in making informed decisions about business strategies and operations.

They also help design risk mitigation strategies to ensure the organization can navigate potential challenges effectively.

 

Conclusion

And there we have it.

Today, we’ve unraveled the complex fabric that makes up the role of an enterprise risk management analyst.

Surprise!

It’s not just about assessing risks.

It’s about weaving the safety net of the future, one risk assessment at a time.

With our enterprise risk management analyst job description template and real-life examples, you’re well equipped to take the plunge.

But why stop at the surface?

Dive deeper with our job description generator. It’s your ace in the hole for crafting razor-sharp job listings or fine-tuning your CV to immaculate precision.

Keep in mind:

Every risk assessment is a stitch in the larger safety net.

Let’s weave that future. Together.

How to Become an Enterprise Risk Management Analyst (Complete Guide)

Eccentrically Exciting: The Weirdest Jobs in the World

AI and Employment: The Jobs That Are Changing Forever

Behind the Scenes: The Unseen Stress of America’s Toughest Jobs!

Chill Jobs, Fat Wallets: Easy Gigs That Will Fund Your Dreams!

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *