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.