What does a Risk Consultant do?

Risk consultants use their business, finance, and mathematics expertise to help firms seeking to decrease or eliminate risk while performing operational, financial, and technological business processes. They help clients to identify, understand, and manage risks related to daily operations. They provide clients with the necessary capacity to improve internal controls and corporate assurance frameworks while tackling the companies’ hazards and identifying risky opportunities.

Risk consultants oversee corporate risk management programs to guarantee minimal loss exposure, and execute compliance and clerical functions. They manage corporate insurance information and create and administer insurance budgets for a company. They help organizations re-evaluate operational procedures and guidelines to ensure that newly-established procedures align with top leadership directives, industry standards, and regulations. Risk consultants also discuss property and liability claims with relevant parties and need a bachelor's degree in business.

What responsibilities are common for Risk Consultant jobs?
  • Assist in proposal and business development opportunities as needed.
  • Recognize, research and participate in the resolution of client engagement issues.
  • Participate in client and internal presentations, work product, report development and deliverable creation.
  • Build credibility with and create customer satisfaction by demonstrating the value of risk control services.
  • Listen effectively and make sound assessments/conclusions based on review of written procedures, documents, discussions, and observations.
  • Communicate in a manner that influences others to accept and act on recommendations.
  • Work collaboratively as part of a team, proactively across lines of business, and effectively with internal and external partners on special projects and furthering industry and business goals.
  • Demonstrate sound judgment and effective decision making in order to mitigate risk.
  • Complete assigned tasks within scope through effective time management initiatives.
  • Contribute to the work planning and status reporting on assigned engagements.
What are the typical qualifications for Risk Consultant jobs?
  • Bachelor's Degree in business or computer science.
  • Strong leadership, problem solving, and critical thinking skills.
  • Requires careful attention to detail.
Education--
Work/Life Balance
3.4 ★
Total Pay--
Career Opportunity
3.8 ★
Avg. Experience2-4 years

How much does a Risk Consultant make?

Confident
$104,411 /yr
Total Pay
$76,690
 /yr

Base Pay

+
$27,722
 /yr

Additional Pay

$104,411

 / yr
$64K$174K
Most Likely Range
Possible Range
See More Insights

Risk Consultant Career Path

Learn how to become a Risk Consultant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Risk Consultant

Years of Experience Distribution

0 - 1
5%
2 - 4
75%
5 - 7
16%
8+
4%
Not including years spent in education and/or training

Risk Consultant Insights

Read what Risk Consultant professionals have to say about their job experiences and view top companies for this career.
OptumOptum
Remote HCC Risk Adjustment Coder/Auditor
Jul 7, 2022

“This is definitely a good place to get initial training but leave before you get advanced into production; that is where it really goes downhill.”

Decision Analysis ServicesDecision Analysis Services
Risk Management Consultant
Jun 29, 2022

“Unique opportunities and keen to support your personal development.”

PwCPwC
Risk Consultant
Jan 19, 2022

“Good nice good nice good”

TickmarksTickmarks
Risk Consultant
Nov 6, 2022

“The projects I am involved have provided me with immense opportunities to learn Flexible timings Amazing exposure Recognition for good work”

EYEY
Tech Risk Consultant
May 14, 2022

“Salary not good if you start there and work your way up”

PwCPwC
Senior Risk Assurance Associate
Sep 5, 2022

“The balance of work and life outside of it”

ICW GroupICW Group
Senior Risk Management Consultant
Feb 9, 2022

“Annual review process is undefined.”

Wells FargoWells Fargo
Operational Risk Consultant
Aug 19, 2022

“In order to advance your career financially you need to position hop to get meaningful raises.”

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Risk Consultant Interviews

Frequently asked questions about the roles and responsibilities of a Risk Consultant

The most similar professions to Risk Consultant are:
  • Business Consultant
  • Implementation Consultant
  • Consultant
  • Management Consultant

Related Careers

Business Consultant
$104,493
No skills overlap
Implementation Consultant
$88,818
No skills overlap
Consultant
$85,158
No skills overlap
Management Consultant
$122,452
No skills overlap

Risk Consultant Jobs