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

VP Data Science
Negotiable, Dallas

A leading consumer lending organization is seeking a Vice President, Data Science which will req...

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Operational Risk Manager
US$100000 - US$140000 per year, Los Angeles

RESPONSIBLITIES: Develop overarching Operational Risk Management oversight framework by facili...

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Quantitative Risk Modeler - Energy Trading
Negotiable, Stuttgart

A leading Germany energy company is seeking a highly motivated Quantitative Risk Modeler to join ...

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Credit Manager
Negotiable, Hamburg

A global food production and soft commodity trading business is seeking a Credit Manager to join ...

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VP, Operational Risk Management
US$140000 - US$160000 per annum, Charlotte

Requirements: Contributing to the development of the markets and trading operational risk man...

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Senior Risk Analyst - Data Reporting and Python Automation
Negotiable, Dallas

A leading American financial institution is currently building out their second line of defense ...

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Senior IT Operational/Enterprise Risk Manager
Negotiable, Dallas

A major American Financial Institution is aggressively expanding their IT Risk Function with sen...

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Risk Analytics Model Development
Negotiable, Dallas

A leading American Investment bank is building out their Risk Analytics team at the VP level and...

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Consultant - Risk Insurance
Negotiable, Zürich

A top tier consultancy in Zurich is searching for a Consultant in Risk Insurance. If you are sear...

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