Occupation information for

Risk Management Specialists

District Of Columbia

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Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.

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Currently Employed: 3,457

Yearly Projected Openings: 70

Typical Hourly Wage: $30.04 - $48.52

Typical Annual Salary: $62,500 - $100,900

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Typical education needed for entry: Bachelor's degree

Typical work experience needed for a job in this occupation: None

Typical on-the-job training once you have a job in this occupation: Moderate-term on-the-job training

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Document, and ensure communication of, key risks.
Maintain input or data quality of risk management systems.
Recommend ways to control or reduce risk.
Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
Devise systems and processes to monitor validity of risk modeling outputs.
Gather risk-related data from internal or external resources.
Identify and analyze areas of potential risk to the assets, earning capacity, or success of organizations.
Develop or implement risk-assessment models or methodologies.
Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
Plan, and contribute to development of, risk management systems.

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