What is Risk management for asset management and where do they fit in the overall job description of a business manager.

Question

What is Risk management for asset management and where do they fit in the overall job description of a business manager.

Answer 1

Risk management for asset management is the science of mitigating risk/loss for which ever assets you are managing for the company. Risk management looks to reduce risk of harm to the firm and asset.

 

The "asset" can be anything the company uses to generate revenue. For instance, on wall street and asset can be equity stocks or bonds. Fora real estate firm it can be property.

 

In terms of job description, risk management is an on going function of most jobs as a business manager. Some roles require less risk management while some roles require a lot more. Depending on the firm, some will have dedicated departments to risk management. Hope this helps.