Risk Manager


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Risk Manager

A professional who identifies risks to an investment and, if possible, attempts to mitigate them. The first stage of risk management is determining the types and magnitudes of risk. For example, a risk manager might look at a bond and identify the possibility of default as a risk and evaluate the likelihood of that scenario. The second stage is taking steps to remedy risk, insofar as it is possible. In the above example, the risk manager might recommend buying other bonds to offset the risk of default on any single bond. Sometimes risk cannot be mitigated; in that case, risk managers evaluate how central the investment is to one's investment goals and risk tolerance. In general, investors seek the highest possible return at the lowest possible risk. Risk managers help them achieve this goal by showing how their investments may be affected and finding ways to alleviate the situation.
References in periodicals archive ?
They simply have to," said Peter Rosiere, an experienced risk manager for a large services company.
Strange words coming from Good, a career risk manager who now serves as an independent insurance risk consultant after a 33-year stint with Rohm and Haas, a manufacturing company in Philadelphia.
The risk manager creates a program to manage the wind farms' risks.
According to Al Ware, senior risk manager at Space and Naval Warfare Systems Command, Charleston, S.
and Enbridge Gas Distribution have signed an agreement to use Active Risk Manager to support the implementation of its new enterprise risk management strategy and process.
It shows that a wide gulf exists between the corporate risk manager and the IT manager when considering cyberrisk.
Says Lance Ewing, risk manager for Las Vegas-based GES Exposition Services, "Risk management is not risk avoidance.
Should a disaster occur, the department would first receive $150 million from one underwriter, then an additional $200 million from a second group, said Susan Fields, a risk manager.
Even armed with this knowledge, most CPAs ultimately will want to rely on business insurance experts and recommend the client engage an insurance broker or risk manager to see if there really is the potential for a loss and if coverage is appropriate.
A risk manager or other nonattorney investigator who works under the direction or control of an attorney will be considered an extension of the attorney, performing tasks that the attorney would otherwise have to perform.

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