Wealth Management Risk Managers

Wealth Management Risk Manager Meets Compliance Officers

Risk managers use their quantitative, financial, analytical, and technology skills to identify, study, and work to reduce risks (e.g., risky investment strategies, Information Technology, and compliance) at wealth management firms. They are also known asĀ chief risk officers, risk officers, and risk analysts.

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Quick Facts
Alternate Title(s) Chief Risk Officers, Risk Analysts, Risk Officers
Duties Identify, analyze, and mitigate risks; design and implement a risk management program; coordinate with compliance officers and managers
Salary Range $25,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are best in areas where a large number of high-net-worth individuals reside
Minimum Education Level
  • Bachelor's Degree
School Subjects
  • Business
  • Economics
  • Mathematics
Experience At least 10 years in risk management positions for chief risk officers; five years of risk-related experience for managers; one to two years of work or internship experience for risk analysts
Personality Traits
  • Organized
  • Problem-Solving
  • Realistic
  • Business Management
  • Financial
  • Interpersonal
Certification or Licensing Recommended
Special Requirements None
Employment Prospects Good
Advancement Prospects Fair
Outlook Much Faster than the Average
Career Ladder
  • Managing Director
  • Partner
  • Chief Risk Officer
  • Risk Manager
  • Risk Management Analyst

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