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Careers and Employment in Risk Management and Loss Control
Risk management is all about avoiding threats when preventable, and mitigating the cost of those that are not. Jobs in risk management (also called loss control) involve working with companies to assess and identify potential risks that may hinder the reputation, safety, security and financial prosperity of their organization. Once identified and evaluated, risk managers implement procedures to ensure their clients are as prepared as possible to deal with any potential threats. Solutions suggested and implemented by risk managers typically include health and safety policies, disaster recovery measures and business continuity plans. Audits and assessments are often conducted once plans have been implemented. Professional areas and jobs within risk management include IT risk management, insurance and risk management, insurance management, employee benefits manager, claims managers, workers’ compensation claims managers, business continuity managers, risk management analysts, and claims analysts.