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 ?
According to the study, risk managers are aware of the heightened threat of cyber attacks their businesses face, but even still, a large portion of them don't believe they are doing enough to combat that threat.
In his opinion, only 20% of today's risk managers are functioning as what he calls true risk managers--being involved in decision making, planning and elevating the goals of the company.
For a clear picture of the risks, and to turn the data into actionable information, risk managers need to collect the proper data and to communicate it clearly to the C-suite.
com)-- Interactive Security LLC and Cyber Data Risk Managers LLC today have announced their strategic partnership.
79% of global risk managers place a high probability that European sovereign crisis will have a meaningful impact on the integrity of the US financial system.
Some of the steps involved with IT risk management include paying attention to human factors, putting proper security policies in place, identifying critical assets and fostering better communication and an enterprise-wide perspective among IT managers and risk managers.
Risk managers are unprepared for assessing the dangers of the cyberworld and have largely abdicated those responsibilities to their IT colleagues.
Once the information is gathered, it goes into a database that enables risk managers to summarize the facts.
But if the bailout plan lacks certainty, it has a trump card that stops its critics dead in their tracks: Without it, Lloyd's would go bust, and the thought of a world without Lloyd's makes many risk managers blanch.
Small businesses can retain independent risk managers to examine existing coverage and potential risks and make appropriate recommendations.

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