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

Risk Manager (Risk Data Processing and Reporting)
Negotiable, Hong Kong

Responsibilities: Conduct data processing and analysis on risk related matters Support planning a...

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Firmwide CECL
US$130000 - US$170000 per year, New York

A bulge bracket investment bank is heavily investing in and centralizing its firm-wide CECL team,...

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Credit Risk Modeling - Analyst
Negotiable, Dallas

A top American Investment Bank is looking to build out their retail credit risk team based in Dal...

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Market Risk Manager
Negotiable, New York

A top International Investment Bank in the NY area is hiring a talented junior candidate to serve...

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Consumer Valuations Manager
Negotiable, Wilmington

Company Summary: A top credit consumer provider is in search of a Valuations Manager with an exte...

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Credit Risk Strategy Associate
US$90000 - US$120000 per year, Dallas

Company Summary: A top consumer lending firm is looking to expand their risk analytics division. ...

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VP - Treasury Risk Manager
Negotiable, Frankfurt (Oder)

Join us as a Branch Treasury Risk Manager for This is a fantastic new opportunity for a Treasury ...

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Quantitative Risk Analytics - Senior Associate
Negotiable, New York

A top Investment Bank is hiring for a Senior Associate to cover the risk analytics and modeling p...

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Referent Risk Manager and Riskmodel Validator
Negotiable, Berlin

Referent Risk Manager - Rating and Model Validation A German multi-billion-euro credit institutio...

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