Mutual Fund Risk Managers

Job opportunities for financial managers (an occupational category that includes risk managers) who work for firms that manage funds, trusts, and other financial vehicles will increase by 16 percent through 2028, according to the U.S. Department of Labor, or much faster than the average for all careers. According to the DOL, some specialties within the financial management field will be in particularly high demand in the coming years, and these include cash management and risk management. "Banking institutions are expected to emphasize stability and managing risk over profits. This is expected to lead to growth for risk managers." The Deloitte Center for Financial Services also pointed out that in recent years "investment managers have spent considerable resources in building general compliance and risk expertise, while addressing regulatory risk at large. Drivers of risk escalation include the intricacy and sheer volume of laws and regulations around the world, the intensifying scrutiny of enforcement officials and the public, the rising cost of compliance breaches, and the underlying risk of reputation damage.”