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Risk Management positions

Risk Management positions

Risk management is a special department in a company that is dedicated to identify, analyze and document any risks associated with the operations of a business. There are many risk management positions in big companies which have to employ specialists to analyze their risks. It is an important department in any company since risks are always there. Risk management specialists not only identify the risks but also provide solutions to avoid scenarios where a company suffers loss due to factors which could have been prevented. There are many positions in this department. Some of the positions include;

  • Risk Analyst
  • Chief Risk Officer
  • Risk Manager
  • Risk Control Supervisor
  • Risk Management Consultant

All these risk management positions have their pros and cons which will be highlighted here below.

Benefits of Risk Management Positions

  • Professionalism

These are professional positions in a company that command respect from other employees.

  • High Salary

The professionalism of these positions has led them to become amongst the highly paid professionals in an organization’s structure. Good pay is guaranteed in these positions.

  • Less Pressure

People working in this department have less working pressure compared to those in departments such as sales and marketing.

  • Gather Extensive Knowledge of the Company

By working in any of the risk management positions, one is guaranteed of extensive knowledge of the company. Therefore, they are practically part of managerial positions.

  • Easy Work

The job done here is not as hard as for those in other departments. Professionals find the work here to be smooth. In less risk companies, employees usually have a good time.

 

Disadvantages of Risk Management Positions

  • Strict Academic Qualification

These job openings are very strict when it comes to academic qualifications. A bachelor’s degree in risk management is the minimum entry qualification.

  • Competitive

The positions are very competitive and thus make it hard to get a job in this department.

  • May be Boring

Working from the office may be boring at times. Employees here do not mingle with other people outside the work setting.

 

Estimated Salary for Risk Management Positions

The estimated salary for risk management positions range from 12,000-15,000 ILS. This is a good pay as salary in Israel.

Summary:

These positions are very lucrative. Being a business department, competition is relatively high. One has to advance their academic qualifications to be hired for these positions. Otherwise, given a chance to work in any risk management position, one should not let go of the opportunity for there are many benefits for working in the risk management department.


October 1, 2015

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