Risk officers have the role of advising organizations on any potential risks related to the profitability or even the existence of the company. Their duties include

• Identifying and assessing threats
• Putting plans if things go wrong
• Deciding how to avoid risky situations
• Reducing and transferring risks

They are responsible for managing the risk in the following levels:

• Organization
• Employees
• Customers
• Reputation
• Assets
• Interests of stakeholders

They are mostly employed in Banks, Insurance sectors, and other firms concerning the financial sector. Good salary packs are also offered for Risk Officers in reputed firms.

Qualifying Exam

• A Bachelor’s degree in the field of risk management is demanded in most of the reputed organizations.
• Some firms also recruit aspirants with diploma level courses in risk management.
• Certificate holders in risk management are also recruited in certain firms.

Who is eligible to apply?

• Plus two pass outs with good aggregate can apply for any of these courses.
• For graduate level course one needs to be at least 17 years.
• Most of the institutions prefer Indian citizens.
• Diploma level courses and certification courses can be pursued by aspirants of any age group.
• Some certification courses can be pursued only after graduation level.

How to prepare for exam and interview?

Several under takings in various sectors conduct tests and interviews to screen aspirants to the post of Risk Officers. The aspirants must be well planned to clear these tests and interview as there will be tight competition. The study plan must be prepared well before the commencement of the test. Core areas in the subject must be covered with the help of prescribed text books so as to clear the technical section. The general aptitude sections and reasoning sections can be cleared by practicing numerous questions from standard books like that of R.S Aggarwal and S.Chand. Previous question papers of the concerned exams should be referred so that they can be aware of the pattern of the exam. Time management should be given importance as majority of the exams will be time bounded. To clear the interview section one has to be first of all careful in the personality side. They have to be thorough with the technical areas as well to clear the technical round. Good communication skills and also confidence level are the two important factors evaluated in the interview.