Enterprise Risk Manager

From Open Risk Manual


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)


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 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 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 are formal certifications that a person fulfills some professional requirements

  • Certifications
  • Accreditations
  • Admittance to professional societies etc.

Licensing Requirements