RMs Must Expand Skills To Keep Jobs
Risk managers, whether still employed or victims of the recession, need to beef up their financial skills, and perhaps even get a masters degree to improve their chances of keeping their position or landing a new post in this tough job market, according to risk management experts.
“The hard [insurance] market is a blessing and a curse for risk managers with average skills,” said William Perry, president of Logic Associates Inc., a risk management placement firm in New York. “It's a blessing in that it's keeping risk managers on the job because they're needed more than ever. At the same time, the risk manager is under the microscope and his skill set might not be exactly what his company wants.”
Ultimately, Mr. Perry said, a risk manager who lacks the desired financial skills or know-how could be pushed out of a job.
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