Enterprise Risk Manager
Definition
An Enterprise Risk Manager is an individual involved in firm-wide Risk Management processes used by organizations that have in place formal Enterprise Risk Management. These will be typically (but not necessarily) larger organizations / corporations.
Roles and Responsibilities
- Management framework and policies that cover all activities of a firm
- Develop and use analytic and measurement frameworks that consider the firm in its entirety (put in place a common language or currency for risk)
Skills
Description of the abilities, proficiencies, know-hows, skills the a person must possess in order to carry out the risk management responsibilities
- Business Skills
- Technical Skills
- General Skills (Linguistic)
Seniority Level
Indication as to whether the function is formally segmented into seniority levels (e.g. junior, senior) that have material skill / experience requirements and are not simply organizational arrangements.
Experience
Experience denotes the intangible qualities acquired by a person in the process of having performed certain functions in the past
- Required experience in related business models
- General work experience
Education
Education denotes any formal and long duration training that is considered an important prerequisite for a role
- Educational level, e.g., university or college degree
- Subject matter of studies / Specialization
- Educational institution
Qualifications
Qualifications are formal certifications that a person fulfills some professional requirements
- Certifications
- Accreditations
- Admittance to professional societies etc.
