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Risk Management
A role in Risk Management involves identifying and assessing risks that could negatively impact the operations of an organisation. In the case of Renewable Horizons, this job could be applicable for all 4 stages. The role here is to identify these risks before they become a problem or threat to the operation.
• This line of work comes in many avenues. You could be a business analyst for the planning and implementation of the product. A health and safety officer in the manufacturing sector will assess whether regulations are being followed. Like a sustainability officer, this may involve assessing if the initiatives are sustainable.
• This could also be a skill used in designing, as you will identify the likelihood or errors and then plan how to reduce those risks.
• Risk assessment is a crucial skill needed in many industries. The examples above demonstrate how this skill applies to many different areas of the operation.
Key Responsibilities
• Evaluation: Similar to what is said above, you must quantify risks and assess the likelihood of them happening and evaluate the severity if this were to happen.
• Communication/teamwork: Operations like Renewable Horizons will have hundreds of employees. This means that a role in risk management will entail working with various areas of the business. This could be with health and safety on construction, the risk of resident reaction, which could potentially negatively affect the business image. A lot of this will be in an advisory role where you will consult and advise leadership around the operation on risk reduction.
• Crisis management: Respond to any incidents in an effective manner that will minimise the damage to the operation. This will involve reflection and analysis on why something went wrong and come up with a solution to prevent it from reoccurring.
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Salary Range
Entry-Level
Experienced
Essential Skills
• Leadership: Be able to lead effectively and communicate with team leaders throughout the organisation. This will involve delegating to leaders and informing them how to reduce mistakes and successfully implement risk reduction policies.
• Analytical skills: Analyse the trends in data and regulation to evaluate the potential risk of operations, which will lead you to assess how to mitigate this.
• Research: Risk management must involve you staying ahead. Without effective research and the knowledge this provides, it will be difficult to identify threats early on. Research also allows you to forecast trends and help in your analysis and consultation with others in the business.
Qualifications and Training
An academic route is one way to go:
In School you would need 5 GCSE’s including English and Maths at a minimum C grade to then progress into A levels or a Level 3 college course:
Courses | GCS
BTEC National Foundation Diploma in Business Level 3 course - Coleg Gwent
A-level subjects that would be useful:
• Finance
• Business
• Maths
• Economics
An Undergraduate degree in the following would provide you with the skillset needed:
• Business management
• Finance
• Economics
• Marketing
• Engineering
• Maths
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Training Providers in the UK
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