The request for Risk Managers seems increasing, even though the current negative economic situation. The majority job demands in 2012 (forecast made in January 2012 by Ranstad) from those companies defined as “winning” are for specialists in accounting and credit and risk management (figures highly specialized in technical and scientific areas, and managerial). In Italy some Universities dedicate degree courses, specializations and masters in Risk Management, such as: Bocconi University and Catholic University in Milan, Luiss in Rome, Alma Master in Bologna, Economy in Verona …
Banks, Insurance Companies and Consulting firms are interested in recruiting these profiles, either young graduates or senior experts. The typical skills required are the following: mathematical, statistical, managerial, process building, criticality analyses, reporting and accounting, all with a great ability to communicate, in order to convince the leaders to invest in minimizing risks and colleagues to collaborate.
Cineas (University Consortium for risk Culture sharing) completed its investigation “Enterprise Risk Management” (Feb. 2012) on 1,600 medium-sized enterprises: 80% said that the risks have increased and more attention is required to predict and reduce the uncertainties. This can lead to an increase in demand for risk management services, not only by industrial companies but also by hospitals and service companies.
The role of the Risk Manager is usually held by an employee in large organisations, it is more often an external consultant in small-medium organisations. Another factor to consider is the increased responsibilities that are assigned to the Risk Manager. This happens not only in commercial organisations, but also in financial institutions. A new job is created: Chief Risk Officer, who is in charge for risk management analyses and associated insurance or other risk-mitigation strategies. This new figure reports directly to the senior management.