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Risk Manager: responsibilities, salary and training

The Risk Manager identifies, analyses and anticipates risks likely to affect an organisation. Financial, operational, regulatory, digital or strategic risks: they evaluate their probability and impact, then define mechanisms to prevent and control them. Beyond crisis prevention, they help companies make informed decisions, protect their operations and strengthen their resilience. With digital transformation, managing cyber risks now plays a major role in this position.

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In figures:

€58,900
Average annual gross salary at 0–2 years, including bonuses (France)
€68,100
Average annual gross salary at 3–5 years, including bonuses (France)
Finance Audit Industry
Where to work?

This career is right for you if…

  • You enjoy analysing complex situations and understanding what could weaken an organisation.
  • You know how to step back, prioritise information and evaluate different scenarios.
  • You are rigorous and comfortable with data, key performance indicators and analytical tools.
  • You are interested in the economic, financial, operational, regulatory and digital challenges facing businesses.
  • You enjoy working with diverse stakeholders across finance, legal, audit, IT, executive management and operations.
  • You want to hold a strategic position where anticipation and decision support are central.

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MSc Cyber Security and Risk Management

A specialised programme to develop the skills needed to analyse and manage risk, with strong expertise in cybersecurity, governance and organisational resilience.
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A typical day for a Risk Manager:

Your day might start by analysing key risk indicators and any potential alerts. You liaise with relevant teams to assess their impact on operations.

You might then attend meetings with finance, audit, operational, legal or IT teams to identify and evaluate risks associated with a project, regulatory change or vulnerability, and propose suitable mitigation measures.

You also update risk mapping, monitor action plans and prepare audits or dashboards. In the event of an incident, you help assess consequences, coordinate responses and strengthen prevention.

Main roles along the risk management career path

Role Example duties
Risk Analyst Identify, analyse and evaluate risks to support prevention and ongoing monitoring.
Internal Auditor Evaluate organisational processes, identify risks and recommend improvements.
Cyber Risk Consultant Guide organisations in assessing cyber risks and implementing prevention and protection measures.
Risk Manager Lead overall risk management, coordinate prevention initiatives and advise executive management.

Main duties

Risk analysis and prevention

You identify risks that could affect performance, financial results or company reputation. You evaluate their probability and impact, contribute to risk mapping and establish key performance indicators. Working alongside relevant teams, you put prevention and control measures in place tailored to financial, operational, regulatory, strategic or digital risks.

Strategy and governance

You help decision-makers incorporate risk into strategic choices. You monitor action plans, build dashboards and present analyses to operational teams or senior management. You also participate in audits, compliance initiatives and resilience strategies, while incorporating emerging risks linked to data and cybersecurity.

What salary can you expect?

Level Gross annual salary (based in France) Source
Junior · 0–2 years €58,904 Internal RSB data · employment survey
Experienced · 3–5 years €68,181 Internal RSB data · employment survey
Senior · 7+ years Varies by experience, company, and scope of responsibility Internal RSB data · employment survey

Source: internal data. Average gross annual salaries, including bonuses of graduates working in France. Risk Manager positions generally follow several years of experience in risk analysis, audit, internal control, compliance or cybersecurity roles.

What training is required to become a Risk Manager?

The RSB pathway

The Bachelor in Management with a Finance specialisation provides core fundamentals. The MSc Cyber Security and Risk Management then forms the most tailored pathway to develop expertise in risk management, cybersecurity, compliance and data protection, while mastering the strategic challenges of organisational security.

A progressive evolution

Risk Manager positions typically represent a career progression after several years in risk analysis, auditing, internal control or cybersecurity. Academic training is therefore a foundational first step before acquiring in-depth professional experience in risk management and governance.

Associated programmes

Main pathway: Master in Management (Programme Grande École). Complementary pathways: MSc Data and Business Analytics, MSc International Finance and MSc Geopolitics and Business, which strengthen skills in data analytics and understanding organisational risk.

Partner companies recruiting

BNP PARIBAS · CACEIS · CRÉDIT AGRICOLE

UBS · TOTAL ENERGIE
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Your first steps in the role

At the start of your career, you participate in identifying and evaluating risks, producing risk maps and setting up key performance indicators.

You may also contribute to audits, monitor internal procedures, prepare reporting and track action plans.

These experiences allow you to understand how the organisation operates and its key risks.

Gaining autonomy and responsibility

With experience, you lead your own risk areas and perform more complex analyses.

You liaise with business leaders, build scenarios, propose risk control measures and present recommendations to decision-makers.

You may also coordinate audits and contribute to the company’s overall risk management strategy.

Moving into senior risk management

After several years of experience, this progression can lead to broader risk management responsibilities and, depending on the organisation, to the position of Risk Manager or Head of Risk.

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FAQs on the Risk Manager role

What is the salary of a Risk Manager?

The provided RSB data indicates an average gross annual salary of €58,904 including bonuses for profiles with 0 to 2 years of experience and €68,181 for profiles with 3 to 5 years of experience (graduates based in France).
A Risk Manager’s salary depends on experience, sector of activity, company size and scope of responsibility.
Remuneration levels can also vary depending on the nature of managed risks and the degree of specialisation required.

What training is required to become a Risk Manager?

A background in management, finance, auditing or business, completed by a specialisation in risk management, is particularly suitable. At RSB, the MSc Cyber Security and Risk Management prepares students for risk analysis and management, particularly in the digital domain. Other RSB programmes can also build relevant foundations, such as the Master in Management, the MSc Data and Business Analytics or the MSc Geopolitics and Business.

What are the main duties of a Risk Manager?

They identify, evaluate and prioritise organisational risks. They implement prevention measures, monitor indicators and guide decision-makers in controlling risk.

What skills are needed to be a Risk Manager?

Rigor, analytical skills, critical thinking and strong communication skills are essential. A Risk Manager must also know how to leverage data and understand financial, operational, regulatory and digital challenges.

Where does a Risk Manager work?

They can work across many sectors: banking, insurance, consulting, industry or services, within risk, audit, compliance or internal control teams.

What role does cybersecurity play in risk management?

Cyber risks are now a core threat that organisations must tackle. Risk Managers must be able to evaluate them and integrate them into an overall risk management approach.

Interested in a career in risk management?

Explore the MSc Cyber Security and Risk Management to gain expertise in cybersecurity, governance, risk management and cyber resilience.

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