Enterprise Risk Management Professional Job Description [Updated for 2025]

In today’s interconnected global economy, the importance of Enterprise Risk Management professionals has never been greater.

As businesses evolve, the need for skilled individuals who can identify, evaluate, and mitigate potential risks grows more critical.

So, what exactly is expected from an Enterprise Risk Management professional?

Whether you are:

• A job seeker trying to understand the core responsibilities of this role,
• A hiring manager looking to define the perfect candidate,
• Or simply curious about the realm of Enterprise Risk Management,

You’ve landed at the right spot.

We are about to reveal a comprehensive Enterprise Risk Management Professional job description template, designed for easy posting on job boards or career sites.

Let’s dive in.

Enterprise Risk Management Professional Duties and Responsibilities

Enterprise Risk Management (ERM) Professionals identify and mitigate risks that may affect the organization’s operations and performance.

They are experienced in developing strategies to manage risks and ensure compliance with regulations.

Their duties and responsibilities include:

• Analyze and identify potential risks that may affect the company’s performance, reputation, and operations
• Develop and implement risk management strategies and processes
• Assess the effectiveness of risk management policies and procedures
• Ensure compliance with all industry regulations and standards
• Prepare and present risk reports to stakeholders, including senior management and board members
• Work closely with other departments to identify and mitigate risks
• Monitor and review the company’s risk management processes and make recommendations for improvements
• Conduct audits and risk assessments to identify and address potential vulnerabilities
• Provide training and support to employees on risk management and compliance issues
• Keep up to date with new legislation and regulations that may impact the company’s risk management strategies

 

Enterprise Risk Management Professional Job Description Template

Job Brief

We are looking for a detail-oriented Enterprise Risk Management Professional to identify and mitigate potential risks within our organization.

Enterprise Risk Management Professionals are responsible for developing and implementing risk management policies, conducting detailed risk assessments, and training staff on risk management procedures.

Our ideal candidates have a keen eye for identifying potential hazards, strong problem-solving abilities, and the ability to develop and implement effective risk management strategies.

Ultimately, the Enterprise Risk Management Professional will help our organization avoid unnecessary risks and ensure compliance with all relevant regulations and standards.

 

Responsibilities

• Develop and implement the organization’s risk management plan and risk management policies.
• Identify and evaluate potential risks and propose mitigation strategies.
• Conduct detailed risk assessments across all departments.
• Train staff on risk management procedures and best practices.
• Monitor and report on the effectiveness of risk management strategies.
• Stay abreast of industry trends, risk management strategies, and regulatory changes.
• Collaborate with various departments to create a risk-aware culture.
• Prepare reports for senior management and stakeholders on risk management activities.

 

Qualifications

• Proven experience as an Enterprise Risk Management Professional or similar role.
• Strong knowledge of risk management principles and regulations.
• Ability to conduct detailed risk assessments and develop effective risk management strategies.
• Excellent analytical and problem-solving abilities.
• Strong communication and training skills.
• BSc degree in Business, Finance, Risk Management or relevant field. A Master’s degree is a plus.
• Certifications such as Certified in Risk and Information Systems Control (CRISC) or Certification in Risk Management Assurance (CRMA) would be an advantage.

 

Benefits

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

 

Additional Information

• Job Title: Enterprise Risk Management Professional
• Work Environment: Office setting with occasional travel for meetings or training sessions. Option for remote work may be available.
• 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: $80,000 minimum to $150,000 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 Professional Do?

Enterprise Risk Management (ERM) Professionals work for a wide range of organizations across industries, primarily in the financial and insurance sectors, although they can also work in other industries where risk management is a key concern.

Their primary responsibility is to identify, evaluate, and prioritize potential risks that could affect their organization’s operations and objectives.

These risks can be both internal and external, encompassing areas such as financial risk, operational risk, strategic risk, and reputational risk.

ERM Professionals work with various departments within their organization, such as finance, legal, operations, and IT, to develop and implement risk management strategies and processes.

This can involve creating risk assessments, developing risk mitigation strategies, and facilitating risk management training for employees.

They are also responsible for monitoring and evaluating the effectiveness of the organization’s risk management processes, making recommendations for improvements, and reporting to senior management on risk-related issues.

In addition, ERM Professionals need to stay updated on industry trends and regulatory changes that could impact the organization’s risk profile, and ensure that the organization’s risk management practices comply with relevant laws and regulations.

Ultimately, the goal of an ERM Professional is to help the organization achieve its objectives by effectively managing and controlling risks.

 

Enterprise Risk Management Professional Qualifications and Skills

An Enterprise Risk Management Professional should possess a mix of technical and interpersonal skills, including:

• Strong analytical abilities to identify and assess potential risks that could affect the business.
• Understanding of risk management principles and frameworks to implement effective risk management strategies.
• Excellent decision-making skills to make informed judgments on the level of risk the organization can take.
• Strong financial acumen to understand and evaluate the financial implications of various risks.
• Good knowledge of regulatory requirements and compliance standards within the industry.
• Exceptional communication skills to articulate risk reports to stakeholders and explain complex risk scenarios in simple terms.
• Strong project management skills to manage multiple risk management initiatives simultaneously.
• Interpersonal skills to work collaboratively with different departments in the organization to facilitate risk management.
• Problem-solving skills to devise effective solutions to mitigate risks.

 

Enterprise Risk Management Professional Experience Requirements

Entry-level Enterprise Risk Management Professionals may have 1 to 3 years of experience, often acquired through internships, part-time roles, or full-time roles in financial, operational, or strategic risk management.

They usually start their careers in roles such as Risk Analyst, Compliance Officer, or Junior Risk Consultant, where they gain essential experience in identifying, evaluating, and mitigating risks.

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

They may have held roles such as Risk Manager or Senior Risk Analyst, where they have gained experience in developing and implementing enterprise risk management programs, performing risk assessments, and facilitating risk workshops.

Professionals with more than 5 years of experience may have held leadership roles in risk management.

They are often seasoned professionals who have developed strategic risk management frameworks, overseen risk mitigation strategies, and led risk management teams.

These professionals are generally equipped with the experience and knowledge required for senior roles, such as Chief Risk Officer or Enterprise Risk Management Director.

 

Enterprise Risk Management Professional Education and Training Requirements

Enterprise Risk Management Professionals generally have a bachelor’s degree in business, finance, accounting, or a related field.

Advanced understanding of risk management principles and practices is crucial for this role.

Hence, many professionals in this field also pursue a master’s degree in Risk Management or Business Administration with a focus on risk management.

Having credentials such as the Financial Risk Manager (FRM) certification or Certified in Risk and Information Systems Control (CRISC) can greatly enhance a candidate’s career prospects.

These certifications demonstrate advanced skills and knowledge in risk management, making the professionals more competitive in the job market.

Experience with data analysis and statistical software is often required for this role.

Knowledge of laws and regulations related to business operations and risk management is also essential.

Apart from formal education, excellent analytical, decision-making, and problem-solving skills are important for this role.

Good communication skills are also necessary as these professionals often have to explain complex information to stakeholders in an understandable manner.

Continuous learning and staying updated about the latest developments in the field of risk management is crucial for success in this profession.

Many professionals take up additional courses and attend seminars and workshops to further enhance their skills and knowledge.

 

Enterprise Risk Management Professional Salary Expectations

An Enterprise Risk Management Professional earns an average salary of $108,701 (USD) per year.

However, this figure can greatly fluctuate based on factors such as experience, qualifications, the complexity of the role, and the location of the job.

 

Enterprise Risk Management Professional Job Description FAQs

What skills does an Enterprise Risk Management Professional need?

An Enterprise Risk Management Professional should have strong analytical abilities to assess potential risks and their impact on the organization.

They should also have excellent problem-solving skills to develop and implement effective risk management strategies.

Strong communication and presentation skills are also necessary to explain complex risk management concepts to various stakeholders.

A deep understanding of business operations and financial processes is also crucial.

 

Do Enterprise Risk Management Professionals need a degree?

Yes, an Enterprise Risk Management Professional typically needs a bachelor’s degree in fields such as business, finance, or accounting.

Many professionals also have a master’s degree in business administration (MBA) or risk management.

Certifications like Certified Risk Manager (CRM) or Certified in Risk and Information Systems Control (CRISC) can provide an added advantage.

 

What should you look for in an Enterprise Risk Management Professional’s resume?

Look for a strong background in risk management, finance, or a related field.

A good candidate should also have experience in developing and implementing risk management strategies, risk assessment, and mitigation.

Certifications in risk management can also be a sign of a strong candidate.

Experience with specific industries or projects can also be beneficial depending on your organization’s needs.

 

What qualities make a good Enterprise Risk Management Professional?

A good Enterprise Risk Management Professional is proactive and can anticipate potential risks before they become problematic.

They should be detail-oriented to spot subtle risk indicators and have the strategic thinking ability to devise effective risk management strategies.

Good interpersonal skills are also important as they often need to communicate and collaborate with various departments within the organization.

A high level of integrity is also crucial as they are entrusted with sensitive information.

 

Is it difficult to hire Enterprise Risk Management Professionals?

Hiring an Enterprise Risk Management Professional can be challenging due to the specialized nature of the role.

It requires a candidate with a unique combination of analytical abilities, business acumen, and understanding of financial processes.

Furthermore, the candidate should have strong communication skills and a high level of integrity.

Therefore, it may take some time to find a candidate who meets all these criteria.

However, the value they bring in protecting the organization from various risks can be well worth the effort.

 

Conclusion

And there we have it.

Today, we’ve demystified the integral role of an enterprise risk management professional.

Surprise, surprise!

It’s not just about mitigating risks.

It’s about sculpting the future of corporate resilience, one risk mitigation strategy at a time.

With our handy enterprise risk management professional job description template and real-world examples, you’re ready to leap ahead.

But why halt the momentum?

Dig deeper with our job description generator. It’s your springboard to meticulously crafted job listings or fine-tuning your resume to absolute precision.

Keep this in mind:

Every risk mitigation strategy contributes to the larger mission.

Let’s fortify that future. Together.

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