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.

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Gone are the days when brokers were simply transaction partners to risk managers, noted George Haitsch, whose two-decade-long career includes posts such as the former risk manager for inter-enterprise software company SAP and currently the chief operating officer for Willis'

Raising the bar: brokers are deploying analytics and subject matter experts as they respond to increasingly demanding risk managers

The purpose of IC is to create an incentive for the risk manager to expend effort or otherwise exercise risk control judgments that are in the best interest of stakeholders when the effort and judgments of risk managers cannot be directly observed or are otherwise not contractible.

Incentive compensation for risk managers when effort is unobservable

Instead of appointing its risk manager to head ERM, the company brought in someone else.

Is risk management obsolete? The last to be consulted and the first to be blamed, risk management has struggled to show its relevance

How does the risk manager determine whether a claimant in a given claim is Medicare-eligible?

Baring its teeth: are you ready for the Medicare, Medicaid, and SCHIP Extension Act of 2007?

Risk Manager -- maintains the RMP and risk database, ensures information is up to date for the Risk Management Committee/Board, and provides administrative support to the Committee/Board, requests input/updates from risk owners.

Risky business

Active Risk Manager, a web based enterprise risk management software solutions was selected because of its flexibility and the ability to configure the software to support Enbridge's new innovative enterprise risk management process.

Strategic Thought, Enbridge Gas

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.

Managing e-business risk to mitigate loss: along with the speed and convenience of e-business come new risks, such as identity theft and cyberextortion. Technology has increased the amount of confidential information at risk, and can exacerbate financial and reputational loss

Systems integrator General Dynamics United Kingdom Ltd has selected the Active Risk Manager from Strategic Thought Ltd, a solutions and integration services company.

Strategic Thought's Active Risk Manager chosen for British armed forces communications programme

Risk managers are unprepared for assessing the dangers of the cyberworld and have largely abdicated those responsibilities to their IT colleagues.

Ignoring the new frontier. (Tech Talk)

In the past, the risk manager of a large company dealt with insurance risks and the CFO dealt with financial risks.

Measuring risk: enterprise risk management takes a holistic approach

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.

LLOYD'S FASHIONS SOLVENCY SOLUTION : REINSURANCE FIRM WOULD GET DEBT

Small businesses can retain independent risk managers to examine existing coverage and potential risks and make appropriate recommendations.