Risk manager salary

What does a Risk Manager do?

A Risk Manager works to identify, analyze, and manage various types of risks that can affect an organization. This can involve financial risks, operational risks, or regulatory risks. Typically, they work within the financial sector, but other industries may also require risk management. The work environment can vary, but a Risk Manager often works in an office setting and closely collaborates with other departments such as finance and legal.

Risk Manager salary

What does a Risk Manager earn? The average salary for a Risk Manager is 68 500 SEK per month. However, there are gender differences in salary, with men earning 71 000 SEK while women earn 63,500 SEK. Women's salaries correspond to 89% of men's salaries. The hourly wage for a Risk Manager is on average 412 SEK based on 166 working hours per month.

Salary development over time

The salary for Risk Managers has shown a positive trend. Last year, the average salary was 66 800 SEK, which has now increased to 68 500 SEK.

Education and qualifications

To become a Risk Manager, a post-secondary education in economics, mathematics, or statistics is often required. Many employers prefer candidates with a master's degree or specific certification in risk management.

Common benefits

Benefits for a Risk Manager may include a paid mobile phone, the possibility of remote work, and company-paid training for skill development.

Competition and challenges

According to the Employment Agency, the job prospects for financial analysts and financial brokers, including Risk Managers, are moderate. The recruitment situation is balanced, and demand is expected to remain unchanged over the next five years. Technological shifts and regulatory changes may pose challenges in the profession.

Career paths

After several years of experience, a Risk Manager can advance to higher management roles within risk management or finance. There are also opportunities to specialize in specific types of risks, such as credit risk or market risk.

Future prospects and demand

The future prospects for Risk Managers are stable with moderate job opportunities. Demand is expected to remain unchanged according to the Employment Agency.

Tips for those who want to work as a Risk Manager

For those who want to become a Risk Manager, it is important to stay updated on the latest trends in risk management and finance. Further education and certifications can also enhance career opportunities. Developing strong analytical and communication skills is crucial for succeeding in the role.

What can positively impact the salary?

The salary of a Risk Manager can be positively influenced by factors such as increased experience, taking on more responsibilities, and working in an industry with high demand for risk management. Further education and certifications in the field can also lead to higher salaries.

Frequently asked questions about Risk Managers

• What does a Risk Manager earn? A Risk Manager earns an average of 68 500 SEK per month, with variations depending on gender and sector.
• How do you become a Risk Manager? You become a Risk Manager by obtaining a post-secondary education in economics, mathematics, or statistics, as well as by gaining relevant work experience.
• Is it easy to get a job? The job opportunities for Risk Managers are moderate according to the Employment Agency.
• Is it stressful to work as a Risk Manager? It can be stressful, especially during times of economic uncertainty or significant changes within the industry.
• What qualities are important as a Risk Manager? Important qualities include analytical ability, good communication skills, and the ability to make decisions under pressure.
• What different types of Risk Managers are there? There are several specializations within risk management, such as credit risk, operational risk, and market risk.