Risk Management

Risk Management

“As we grow and develop our financial sector to serve the needs in the real economy, we must take proper risk management. At the macro level, to maintain our resilience, we must also be prepared for major disruptions in the global financial markets,” Singapore Finance Minister Heng Swee Keat said in an industry event.

​“An ounce of prevention is worth a pound of cure.” This sentiment is the reason that risk management exists. In global markets that are increasingly marked by volatility and subject to complex social, political and economic change, risk management is more crucial than ever to keep companies out of the red and into the black. Risk management teams identify, evaluate and prioritise risks and act to minimise and control adverse events or maximise opportunities that come with disruption. 

Following the global financial crisis, risk management teams have become increasingly important to help protect financial markets and prevent firms experiencing further fines and sanctions. The Monetary Authority of Singapore (MAS) fined 42 financial institutions a total of S$16.8 million for the period between July 1, 2017 and Dec 31, 2018 for market abuse, financial services misconduct and money laundering-related breaches. Important trends suggest that risk management is set to experience even more sweeping change in the next decade. 

A recent report by McKinsey & Company explains how the role of risk management will change in the coming years. Today, about half of the risk management employees are dedicated to risk-related operational processes such as credit administration, while 15% work in analytics. The reports forecasts that by 2025, these numbers will be closer to 25 and 40%, respectively. 

The growth in the numbers employed within risk management looks to be significantly higher than other industries.  

Risk Management Jobs

Head of Risk Models - Credit Risk
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Head of Risk Models - Credit Risk A large bank in Germany is seeking a new team lead to manage th...

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Our client, a global investment bank whose sizable securities arm, is looking to hire a motivated...

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A top American investment bank is hiring within its Model Risk Management group and is looking fo...

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Risk Officer - North America Liability Lines
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A leading international insurance company is looking to make an essential senior level hire withi...

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IT Risk Manager
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Summary: A leading global consulting group specializing in tax and audit consulting is currently ...

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SVP Operational Risk Manager
US$100001 - US$225000 per year, Charlotte

A leading banking organization is seeking a SVP, Operational Risk Manager to join their growing O...

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Team Lead - Risk Management
Negotiable, New York

An industry-leading Asset Manager based out of New York City is looking to hire a Team Lead-level...

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AVP Acquisitions Strategy Lead
US$110001 - US$135000 per year, Wilmington

A leading Consumer Bank is currently looking to hire a highly qualified, driven, and disciplined ...

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