Enterprise Risk Management Consultant Job Description [Updated for 2025]

In an era of dynamic business environments, the emphasis on Enterprise Risk Management Consultants has never been more pronounced.

As global business complexities grow, so does the demand for skilled professionals who can identify, assess, and mitigate enterprise-wide risks.

But let’s delve deeper: What exactly is expected from an Enterprise Risk Management Consultant?

Whether you are:

• A job seeker aiming to understand the core of this role,
• A hiring manager looking to define the perfect candidate,
• Or simply fascinated by the intricate world of enterprise risk management,

You’ve come to the right place.

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

Let’s dive right in.

Enterprise Risk Management Consultant Duties and Responsibilities

Enterprise Risk Management Consultants use their expert knowledge in risk management and business practices to assess and mitigate potential risks within an organization.

They are primarily responsible for identifying and analyzing areas of risk that can affect the value of an organization’s assets, and providing solutions to reduce those risks.

Their duties and responsibilities include:

• Analyzing all areas of risk within the organization including financial, operational, and strategic risks
• Developing risk management strategies and processes tailored to the organization’s needs
• Identifying potential threats to the organization and evaluating the impact of these threats
• Creating reports to inform stakeholders of the risks identified and the steps taken to mitigate them
• Advising management on how to allocate resources for best risk management results
• Working closely with other departments to ensure a consistent approach to risk management across the organization
• Conducting risk assessments to understand the level, significance, and scope of risk
• Providing training and support to staff at all levels to build risk awareness within the organization
• Keeping up to date with industry trends, regulations, and standards to ensure the organization’s risk management policies are compliant

 

Enterprise Risk Management Consultant Job Description Template

Job Brief

We are looking for an experienced Enterprise Risk Management Consultant to join our team.

The ideal candidate will be responsible for identifying and assessing potential risks that may hinder the reputation, safety, security, and financial success of our organization.

You will use your analytical skills to visualize and strategize risk management approaches.

 

Responsibilities

• Identify and assess threats to the organization.
• Implement policies and procedures to ensure that risk is effectively managed.
• Conduct risk assessments on a regular basis, which involves analyzing risks as well as identifying, describing, and estimating the risks affecting the business.
• Establish a risk management framework and develop risk maps and strategic action plans to help the business address its risks.
• Evaluate the effectiveness of the company’s risk management plan.
• Conduct audits of policy and compliance to standards, including liaison with internal and external auditors.
• Provide training on risk management to staff at all levels.
• Present risk reports to the Board of Directors and other company leaders.

 

Qualifications

• Proven work experience in enterprise risk management or a related field.
• Strong knowledge of risk assessment and control strategies.
• Experience in auditing and reporting procedures.
• Ability to analyze processes and data to identify potential risk.
• Excellent communication and presentation skills.
• BSc/MSc degree in Business, Finance, Risk Management, or a related field.

 

Benefits

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

 

Additional Information

• Job Title: Enterprise Risk Management Consultant
• Work Environment: Office setting with potential for remote work. Travel may be required for onsite risk assessments and audits.
• 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: $75,000 minimum to $125,000 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 Consultant Do?

Enterprise Risk Management Consultants work in various industries, providing expertise and guidance to companies in managing their risks.

They can either be self-employed or work for consulting firms.

Their primary role involves identifying, assessing, and mitigating potential risks that can affect a company’s assets, earnings, or success.

This includes strategic, operational, financial, and compliance risks.

They develop and implement risk management policies and strategies to ensure that companies are well prepared to face any uncertainties in their operations.

This often involves working closely with senior executives and stakeholders to understand the company’s risk appetite and tolerance.

Enterprise Risk Management Consultants also conduct risk assessments to evaluate the potential impact of risks and develop action plans to manage them effectively.

They ensure that the company adheres to industry regulations and standards to prevent potential legal issues.

They may also be involved in providing training and education to company staff about risk management procedures and best practices.

Their role is crucial in promoting a risk-aware culture within the organization.

In addition, they often lead or participate in crisis management and business continuity planning, ensuring the company can continue operations during disruptive events.

They also monitor and report on the effectiveness of risk management strategies and suggest improvements as needed.

 

Enterprise Risk Management Consultant Qualifications and Skills

An Enterprise Risk Management Consultant should possess a unique blend of analytical skills, business acumen, and interpersonal abilities to identify potential risks and devise mitigation strategies.

These include:

• Analytical skills to identify and assess potential risks that could affect the organization’s operations and strategic objectives.
• Knowledge of risk management methodologies and tools to provide the best risk solutions for the enterprise.
• Strong communication skills to effectively relay risk analysis findings and recommendations to management and other stakeholders.
• Business acumen to understand the organization’s objectives and align risk management strategies with them.
• Teamwork and collaboration skills to work with different departments in understanding their risk environment and proposing viable solutions.
• Problem-solving skills to devise strategies and plans for mitigating identified risks.
• Understanding of laws, regulations and industry standards related to risk management to ensure organization’s compliance.
• Strong project management skills to oversee risk management initiatives from inception to implementation.

 

Enterprise Risk Management Consultant Experience Requirements

Those looking to establish themselves as Enterprise Risk Management Consultants often require a bachelor’s degree in finance, economics, or a related field, and at least 2 to 3 years of experience in risk management or financial analysis roles.

For entry-level positions, candidates may gain relevant experience through internships or part-time roles in financial analysis, risk management, or regulatory compliance.

These positions often provide a strong foundation in risk identification, assessment, and mitigation strategies.

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

They may have honed their skills in roles such as Risk Analyst, Compliance Officer, or Financial Analyst.

Those with more than 5 years of experience are often considered for senior consultant roles.

They typically have demonstrated leadership experience and the ability to design and implement enterprise risk management programs.

Professional certifications such as the Certified in Risk and Information Systems Control (CRISC) or the Financial Risk Manager (FRM) are often seen as advantageous and may sometimes be a requirement.

Finally, experience with specific industries may also be essential, as this can provide a deeper understanding of the unique risk factors associated with particular sectors.

 

Enterprise Risk Management Consultant Education and Training Requirements

Enterprise Risk Management (ERM) Consultants typically have a bachelor’s degree in finance, accounting, business administration, or another related field.

They need a solid understanding of financial forecasting, statistical analysis and risk assessment methodologies.

Additionally, familiarity with the legal implications of business strategies is essential for this role.

Many positions require ERM Consultants to have a master’s degree in finance, business administration (MBA), or a related discipline.

This advanced degree provides them with the analytical, strategic, and leadership skills necessary to manage enterprise-wide risk.

Most ERM Consultants have several years of experience in a finance or business strategy role, as well as in-depth knowledge of the industry in which they are consulting.

Professional certifications, such as the Financial Risk Manager (FRM) certification or the Certified Risk and Compliance Management Professional (CRCMP) certification, are highly valued in this field.

These certifications demonstrate a consultant’s expertise in risk management principles and practices.

Continuing education and staying abreast of changes in laws, regulations, and best practices in risk management is essential for ERM Consultants.

Many participate in ongoing training courses, seminars, and workshops to ensure their skills and knowledge remain current.

In addition, excellent communication skills, both written and verbal, are required as these professionals often need to explain complex risk management concepts to non-specialist stakeholders.

 

Enterprise Risk Management Consultant Salary Expectations

The average salary for an Enterprise Risk Management Consultant is approximately $92,615 (USD) per year.

The actual income can vary significantly based on experience, qualifications, and the location of employment.

Moreover, the scale of the organization and the industry in which it operates also significantly influence the compensation.

 

Enterprise Risk Management Consultant Job Description FAQs

What skills does an Enterprise Risk Management Consultant need?

Enterprise Risk Management Consultants should possess strong analytical skills to identify and assess potential risks.

They should have excellent communication and interpersonal skills to clearly explain risk scenarios to clients and other stakeholders.

They also need a thorough understanding of risk management tools and techniques, as well as the ability to apply these to real-world business scenarios.

Additionally, knowledge of industry regulations and compliance requirements is crucial.

 

Do Enterprise Risk Management Consultants need a degree?

Yes, most Enterprise Risk Management Consultants need a degree in risk management, finance, business, or a related field.

Many employers prefer candidates with a master’s degree in these areas or an MBA.

Moreover, additional certifications like the Financial Risk Manager (FRM) or Certified Risk Manager (CRM) can be beneficial.

 

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

Look for a strong background in risk management, with proven experience in identifying, assessing, and mitigating risks.

Certifications in risk management and a degree in a relevant field should also be present.

It’s beneficial if the candidate has experience in your industry and understands the specific risks associated with it.

Additionally, skills like strategic planning, project management, and data analysis are valuable.

 

What qualities make a good Enterprise Risk Management Consultant?

A good Enterprise Risk Management Consultant is a strategic thinker who can anticipate and manage potential risks.

They are detail-oriented, ensuring no risk goes unnoticed.

They should also be good at relationship-building, as they often work with different departments within an organization.

A good consultant has the ability to communicate complex risk assessments and strategies in a clear and understandable way.

 

Is it difficult to hire Enterprise Risk Management Consultants?

Hiring an Enterprise Risk Management Consultant can be challenging due to the specialized nature of the job.

It requires a unique blend of skills, including analytical thinking, strategic planning, and excellent communication.

This role also requires a thorough understanding of the business and its specific risk environment.

Therefore, finding a candidate who fulfills these criteria can be challenging.

 

Conclusion

And there we have it.

Today, we’ve delved into the critical role of an Enterprise Risk Management Consultant.

Surprise, surprise?

It’s not just about analyzing risks.

It’s about building a resilient future, one risk assessment at a time.

With our comprehensive Enterprise Risk Management Consultant job description template and real-world examples, you’re well-equipped to make a transition.

But why pause there?

Explore further with our job description generator. It’s your stepping stone to crafting precision-targeted listings or fine-tuning your CV to its zenith.

Bear in mind:

Every risk assessment contributes to the wider business landscape.

Let’s construct that resilient future. Together.

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