1/28/2024 0 Comments Cash and risk manager jobsOne of the subtypes of Operational Risk is Cyber Risk has a well developed typology of functions / roles. It is thus a fairly general risk category and operational risk professionals may have further specializations e.g. Operational Risk means the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, and includes legal risk. Risk Strategist (also Risk Strategy Analyst)įormal specialist risk management roles are particularly well developed for areas of risk management that attract regulatory scrutiny. See also Risk Analyst versus Risk Manager Many risk mangement roles span a wider range of risk specializations either because they sit higher in an organizational hierarchy or because they have some multi-disciplinary aspect. by business model) but they would simply rearrange the grouping of roles. there is no Key Person Risk manager job description, but it is conceivable that in a large organization this concern is part of some portfolio.Īlternative classifications are possible (e.g. Many risk types are too granular or idiosyncratic and do not have a formal role assigned. The classification of specialized risk management jobs follows, where possible the Risk Taxonomy. We do not follow this pattern here as it is too specific and as a result we include e.g., audit roles.Īt the highest level we split risk management roles into General versus Specialized. NB: In a Financial Institution that must follow detailed regulatory requirements in the organization of their Risk Management Function it may be the case that certain activities must be further separated (e.g., Independent Risk Management and the Three Lines of Defense model).
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