Risk Manager Job Roles, Scope, and Salary in 2025

Who is a Risk Manager?

A Risk Manager is a professional responsible for identifying, assessing, and mitigating potential risks that could impact an organisation’s operations or finances. They develop strategies to minimise losses and ensure business continuity.

Overview of Risk Manager Job Description

Identifies potential financial, operational, and strategic risks.

Develops and implements risk management policies and procedures.

Analyses data to forecast and prevent potential losses.

Collaborates with departments to ensure compliance with regulations.

Prepares risk reports and presents findings to senior management.

Skills Needed to Become a Risk Manager

* Analytical Thinking: Ability to assess complex data and identify potential risks.

* Attention to Detail: Spotting minute errors or inconsistencies in data or reports.

* Problem-Solving Skills: Creating strategies to minimise or manage risks efficiently.

* Knowledge of Risk Assessment Tools: Familiarity with tools like Monte Carlo simulations, SWOT analysis, etc.

* Communication & Reporting Skills: Presenting risk findings and mitigation plans clearly to stakeholders.

Understanding the Educational Pathway to Become a Risk Manager

Class 12 (Commerce/Math)

Online Bachelor’s Degree (B.Com, BBA, or Economics)

Internship

Earn Certifications

Postgraduate Degree (MBA in Finance or Risk Management)

Apply for Entry-Level Role (Risk Analyst or Compliance Analyst)

Upgrade to Risk Manager or Chief Risk Officer (CRO)

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Salary Range of a Risk Manager in India

According to an Ambition Box and Glassdoor report, the salary of a Risk Manager in India includes:

Entry-Level: 5 to 10 LPA

Mid-Level: 15 to 30 LPA

Senior-Level: 25 to 40 LPA

Entry Level

₹5 to 10 LPA

Mid Level

₹15 to 30 LPA

Senior Level

₹25 to 40 LPA

Top Industries and Recruiters Hiring Risk Managers in India

* Industries: Banking & Financial Services, Insurance, IT & Cybersecurity, Manufacturing & Infrastructure

* Recruiters: Deloitte, PwC, KPMG

How to Prepare a Student to Become a Risk Manager?

Complete Class 12 with the Commerce or Mathematics stream

Pursue a Bachelor's in Finance, Economics, or Management

Gain internship experience in banks or financial firms

Earn certifications like FRM, CFA, or Risk Management

Develop strong analytical and decision-making skills.

Enhance knowledge in financial laws and compliance.

Build a strong resume highlighting risk-related skills

Create a professional LinkedIn profile with achievements

Why Choose a Career as a Risk Manager?

High Demand Across Industries

Lucrative Salary Packages

Key Role in Business Strategy

Opportunities for Growth

Dynamic and Challenging Work

Enhances Decision-Making Skills

Ready to Start Your Journey?

Take the first step towards becoming a Risk Manager today

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