State of Connecticut Home Follow Us on FacebookFollow Us on TwitterFollow Us on Flickr
Connecticut Department of Labor Home Connecticut Careers in Science, Technology, Engineering, and Mathematics - STEM
LMI Home About Us Publications FAQ Glossary Contact Us
Risk Management Specialists Go Back to List
Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.
 Tools & Technology
 Tools used in this occupation:
 
  • Special purpose telephones
  •  
  • Notebook computers
  •  
  • Desktop computers
  •  
  • Personal computers
  •  
  • Scanners
  •  Technology used in this occupation:
     
  • Analytical or scientific software
  •  
  • Information retrieval or search software
  •  
  • Object or component oriented development software
  •  
  • Project management software
  •  
  • Development environment software
  •  Tasks
     
  • Provide statistical modeling advice to other departments.
  •  
  • Review or draft risk disclosures for offer documents.
  •  
  • Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
  •  
  • Maintain input or data quality of risk management systems.
  •  
  • Develop contingency plans to deal with emergencies.
  •  
  • Devise scenario analyses reflecting possible severe market events.
  •  
  • Consult financial literature to ensure use of the latest models or statistical techniques.
  •  
  • Track, measure, or report on aspects of market risk for traded issues.
  •  
  • Analyze new legislation to determine impact on risk exposure.
  •  
  • Recommend ways to control or reduce risk.
  •  Skills
     
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  •  
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  •  
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  •  
  • Speaking - Talking to others to convey information effectively.
  •  
  • Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
  •  
  • Systems Evaluation - Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
  •  
  • Mathematics - Using mathematics to solve problems.
  •  
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  •  
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  •  
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  •  Knowledge
     
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  •  
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  •  
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  •  
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  •  
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  •  
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  •  
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  •  
  • Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
  •  
  • Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
  •  
  • Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
  •  Search for Jobs on Connecticut's Labor Exchange (CTJOBcentral)
      (Please note that some searches may not produce any results.)
     Education & Training
      Education:   Most of these occupations require a four-year bachelor's degree, but some do not.
      Related Experience:   A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
      View Related Programs on Connecticut's Education & Training ConneCTion site.
     Browse Through a List of Businesses That Employ People With Your Same Skills
      Potential Employer Search
     Wage Information
     
    Region Average Entry Level  Mid-Range 
    Annual  Hourly 
    Statewide $84,583.00 $40.66  $25.11  $29.11 - $48.46 
    Bridgeport/Stamford $97,706.00 $46.97  $27.55  $32.18 - $56.17 
    Danbury $73,328.00 $35.26  $23.75  $26.50 - $37.64 
    Hartford $77,073.00 $37.05  $23.29  $26.35 - $45.80 
    New Haven $82,144.00 $39.49  $27.87  $31.30 - $45.31 
    New London/Norwich $87,032.00 $41.84  $30.52  $33.15 - $51.81 
    Waterbury $74,052.00 $35.60  $30.91  $33.45 - $39.29 
    Torrington $69,175.00 $33.26  $24.46  $26.01 - $40.51 
     Occupation Outlook ( 2014 - 2024 )
    Average Annual Job Openings:   20
      Employment in this occupation is expected to grow about as fast as average, and the number of annual openings will offer very good job opportunities.
    ONET Resource Center Some of the occupational information on this page is formulated from O*NETTM v17.0 data. O*NETTM is a trademark of the U.S. Department of Labor, Employment and Training Administration.
    Go Connecticut LMI Home State of Connecticut Department of Labor - Office of Research
    200 Folly Brook Boulevard, Wethersfield, CT 06109 / Phone: 860-263-6275
    LMI Home | CTDOL Home | CT.gov | Feedback | Disclaimer | Privacy Policy | Accessibility Policy
    This workforce product was funded by a grant awarded by the U.S. Department of Labor's Employment and Training Administration. (more)
    Go to the State of Connecticut website