Planit


Risk Manager

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Risk managers advise organisations on how to cut any risks (for example, loss of business, loss of reputation, litigation, damage to property or information security) and how to deal with risks when they occur. Some risk management firms specialise in a particular industry, for example finance, health care, aviation or energy. They are also known as risk technicians and risk analysts, depending on the level of experience.

The Work

You could be:

Pay

The figures below are only a guide. Actual salaries may vary, depending on:

The starting salary for a graduate trainee risk manager might be around £21,000 a year. With a few years’ experience this can rise to around £30,000 to £40,000. Risk managers in senior positions can earn up to £70,000. Some specialist managers earn considerably more than this. Many companies also offer extras such as a company car.

Conditions

Workforce Employment Status

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Getting In

Jobs are with specialist risk management firms, insurance companies, investment banks, engineering and construction firms and commercial businesses. Local authorities, health trusts, fire and rescue, police authorities and central government are large employers of risk management. The number of specialist risk management posts is increasing. Look for vacancies on The Institute of Risk Management (IRM) website. You can also find posts advertised in the finance section of newspapers, and in professional insurance or health and safety journals.

Workforce Education Levels (UK)

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Job Outlook Scotland

Employment

Unemployment

Percentage of workforce registered as unemployed (Scotland)

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Job Outlook Scotland and UK

  Scotland
2017
17290
0.2 %
RISE
2022
17319
  United Kingdom
2017
214780
0 %
RISE
2022
214786

LMI data powered by EMSI UK

What Does it Take?

You need to have:

Training

Getting On

Contacts

The following organisations may be able to provide further information.

Chartered Institute for Securities and Investment (CISI)
Tel: 020 7645 0600
E-mail: customersupport@cisi.org
Website: http://www.cisi.org
Twitter: @CISI

Chartered Insurance Institute (CII)
Tel: 020 8989 8464
E-mail: customer.serv@cii.co.uk
Website: http://www.cii.co.uk/
Website (2): http://www.discoverrisk.co.uk/
Twitter: @CIIGroup

Institute of Risk Management (IRM)
Tel: 020 7709 9808
E-mail: enquiries@theirm.org
Website: http://www.theirm.org
Twitter: @irmglobal
Facebook: https://www.facebook.com/pages/IRMGlobal

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