A financial risk management career involves many responsibilities where one needs to study and keep track of the financial decisions taken by a corporation, develop operating metrics, manage various negotiation risks, check financial data for errors and also give counsel to the client on different types of investments and transactions with the aim of reducing or eliminating credit or market related risks. They research and use various quantitative techniques to manage a company’s financial risk.

How to become a financial risk manager:

In order to become a financial risk manager, one needs to have a background in finance studies and should go for a master’s degree to get more leverage. He should keep himself up to date on the latest trends in finance and be able to apply his knowledge and skills in the management of various financial situations. In order to get a job with the top companies, one also needs to pass the FRM exam and also need to have at least two years of work experience in related positions like risk consulting and portfolio management.

Financial risk management career courses, training, programs:

A financial risk manager must have at least a bachelor’s degree and preferably a master’s degree in finance and also appear for the FRM test where the curriculum includes topics like capital markets, market, credit, risk, investment and liquidity management, hedge funds, quantitative methods and legal topics.

Financial risk management career schools/colleges, education:

There are many institutes which give in-campus and online training and provide skills required to this job:

Top 4 colleges/universities:

Global Association of Risk Professionals

The Institute of Risk Management

Georgia State University in Atlanta

Ohio State University

Financial risk management career job opportunities, salaries/pay and recruitment:

If you have a master’s degree, the job outlook in this field is positive. It can be a lucrative career where the average salary is $103,000 per year.