Risk management specialist
Risk management specialists identify and assess potential threats and opportunities to a company, and give advice on how to deal with them. They create preventive plans to avoid and reduce risks, and put plans in place for when the company is threatened. They coordinate risk management aspects across the different functions of an organisation and are responsible for technical activities such as risk assessment, risk mapping and insurance purchase. They report on risk issues to the senior management and the company's board.
Key metrics
All labor market data as of Q4 2025. All education-related data as of academic year 2023/2024
"Entry Level" is the typical starting salary for individuals entering the labor market for the first time.
"Experienced" refers to the salary that professionals in this job may earn after building experience and advancing their skills.
Specializations that can qualify you for this job
Essential Skills & Knowledge
Essential Skills
- address identified risks
- advise on risk management
- align efforts towards business development
- analyse external factors of companies
- analyse internal factors of companies
- apply crisis management
- assess risk factors
- comply with legal regulations
- define risk policies
- estimate impact of risks
- follow company standards
- forecast organisational risks
- implement corporate governance
- liaise with managers
- make strategic business decisions
Essential Knowledge
- corporate social responsibility
- enterprise risk management
- internal auditing
- key risk indicators
- qualitative risk analysis techniques
- quantitative risk analysis techniques
- risk financing techniques
- risk identification
- risk management
- risk transfer
- types of insurance
The “Essential Skills and Knowledge” content is derived from the European Skills, Competences, Qualifications and Occupations (ESCO) framework for more information refer to ESCO's website.
Top sectors hiring Bahrainis for this job
- Financial and Insurance Activities
- Professional, Scientific and Technical Activities
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