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Mutual Fund Risk Managers

History

Business owners have always utilized formal and informal risk management strategies as they debated whether or not to expand their operations and sought to protect their facilities against crime, ensure a skilled workforce, and prepare for natural disasters or economic upheaval, but it wasn’t until the 1950s that risk management emerged as a distinct occupation.

In the United States, mutual fund administrators have used risk management strategies ever since the first mutual funds were launched in the 1920s. In recent years, financial scandals and concerns about increasing government regulation, cybersecurity, and other issues have prompted mutual fund companies to hire more risk managers. In 2014, 59 percent of fund groups surveyed by professional services and accounting firm Deloitte reported that they had a risk management function.