Risk Manager Salary (United Arab Emirates)
A Risk Manager earns an average salary of AED 317,704 per year. Most people move on to other jobs if they have more than 20 years' experience in this field.
|Range||AED 0AED 589K|
|Salary||AED 86,162 - AED 563,393|
|Bonus||AED 9,235 - AED 77,650|
|Profit Sharing||AED 9,826|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|AED 86,162 - AED 589,148|
Job Description for Risk Manager
A risk manager works directly for a company or provides risk consulting to various companies. The risk manager may deal with financial or material risks. The risk manager will carry out audits and spontaneous checks to make sure that various staff members are adhering to safety rules. The risk manager may also recommend changes to safety policies when necessary, as well as training when widespread problems are detected.Read More...
The risk manager will also check the facilities to make sure that no hazards are present. If hazards are detected, they decide what sort of changes should be implemented. The risk manager will carry out research and will spend much time on the field to determine what sort of risks are present. What-if scenarios will be created by the risk manager, in order to determine what will happen if certain risks come to realization and what sort of losses will be expected. The risk manager should make sure that the current safety and health policies adhere to local and federal regulations.
The risk manager will work with various managers and other employees to get the goals of the job done, so strong teamwork and interpersonal skills are essential. Reports and research will usually have to be carried out with the use of the computer, so strong proficiency with various computer programs are needed to create reports and databases. A bachelor’s degree relating to risk management is usually needed, and licensing as a risk manager may also be required. (Copyright 2018 PayScale.com)
Risk Manager Tasks
- Design, implement, oversee, and manage the risk management plan.
- Investigate and troubleshoot individual or organization-wide issues.
- Review existing safety policies and update them to comply with legislation.
- Coordinate risk management activities in order to prevent or isolate liabilities.
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