Be a Risk Manager/Controller

Risk Manager is a person who is responsible for applying some methods to control some risks. Such risks can be financial or non-financial. It can be hazards such as earthquakes, fire, or injury, sickness, accidental loss, property loss etc.

The Risk Manager Accesses and perform analysis on data for study of financial items.  For resolving such risks, risk management or risk control is used by the Risk Manager.

The main idea behind Risk Management is to prevent heavy losses. Any large project contains some risks so that they can be true for that project.  Risk management identifies the problem and manages all the risks related to the project. A large amount of project has to be run under considerations on budget and under the deadline. Such types of risks are not identified and control properly. The goals of success of large projects are their management and planning of the process.

Responsibilities:

Risk contains the chances of some negative results. In software project, it means to negative effect of quality, cost or deadline for completion. Risk management controls and minimizes such chances of negativity. Minimization of all the possibilities of risk occurrence is the idea behind the risk management.  The undesirable tasks, the probabilities of occurring are identified and resolved.

Some unrealistic and undefined schedules and deadlines, budgets also happen due to some reasons. All the estimations of the project should be accurate or nearly accurate because it can affect the overall performance and progress of the project. The size also takes very important place because the budget also affect on the size. The requirement changes also affect the project when it is in the final or later phase. Some requirement changes have to be considering while developing a project.  Risk assessment is the activity done in development of project for identifying the impacts and the risks.

So, Risk Manager has all the tasks of Risk Management. The Risk Manager has to control and manage all the activities and object in the development process. The person creates some new policies which can be beneficial to the company or the organization. Any large project contains some risks so that they can be true for that project. Goals of success of large projects are their management and planning of the process.

Salary:

The payment of the person depends on the experience. Higher the experience, higher the payoff the person gets. For the fresher’s it could be Rs. 4-5 lacks per year. After the experience of three to six years it can be Rs 8 lacks to 35 lacks per year. The person has to be good knowledge of statics and mathematics.

For getting the post of Risk Manager the student have to become a student of Institute of Actuaries of India and have to clear the actuarial common entrance test. This exam held in twice a year. For more information about exam and other process visit the website www.actuariesindia.org . The candidate must cleared high secondary examination for the entrance in the actuarial. The student of actuarial has to give 15 actuarial exams.