FIND PERSONALIZED JOBS
Sign up to Zippia and discover your career options with your personalized career search.

Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

or

The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Forgot Password?

Don't have an account? Sign Up

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

FIND
PERSONALIZED JOBS

Become A Risk Management Internship

Where do you want to work?

To get started, tell us where you'd like to work.
Sorry, we can't find that. Please try a different city or state.

Working As A Risk Management Internship

  • Interacting With Computers
  • Communicating with Supervisors, Peers, or Subordinates
  • Guiding, Directing, and Motivating Subordinates
  • Coaching and Developing Others
  • Establishing and Maintaining Interpersonal Relationships
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $93,100

    Average Salary

What Does A Risk Management Internship Do

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.

Duties

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review company financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports. Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ways to maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry. For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance. Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

The following are examples of types of financial managers:

Chief financial officers (CFOs) are accountable for the accuracy of a company’s or organization’s financial reporting, especially among publicly traded companies. As head of a company’s entire financial department, they manage the lower level financial managers. They oversee the company’s financial goals, objectives, and budgets.

Controllers direct the preparation of financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by governmental agencies that regulate businesses. Often, controllers oversee the accounting, audit, and budget departments of their organization.

Treasurers and finance officers direct their organization’s budgets to meet its financial goals. They oversee the investment of funds and carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm’s expansion. They also develop financial plans for mergers (two companies joining together) and acquisitions (one company buying another).

Credit managers oversee their firm’s credit business. They set credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts.

Cash managers monitor and control the flow of cash that comes in and goes out of the company to meet the company’s business and investment needs. For example, they must project cash flow (amounts coming in and going out) to determine whether the company will have a shortage or surplus of cash. 

Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty. Among the risks they try to limit are those that stem from currency or commodity price changes.

Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks, such as the need to make disability payments for an employee who gets hurt on the job or the costs imposed by a lawsuit against the company.

Show More

Show Less

How To Become A Risk Management Internship

Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.

Education

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Licenses, Certifications, and Registrations

Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.

Work Experience in a Related Occupation

Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst. 

In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.

Important Qualities

Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.

Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.

Detail oriented. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.

Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.

Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.

Show More

Show Less

Risk Management Internship jobs

NO RESULTS

Aw snap, no jobs found.

Add To My Jobs

Risk Management Internship Career Paths

Risk Management Internship
Summer Analyst Senior Analyst Controller
Accounting Officer
7 Yearsyrs
Data Analyst Business Analyst
Assistant Vice President
7 Yearsyrs
Analyst Controller Chief Finance Officer
Chief Finance And Operating Officer
14 Yearsyrs
Risk Management Director Compliance Officer Risk Manager
Chief Risk Officer
11 Yearsyrs
Analyst Finance Analyst Controller
Controller, Vice President
9 Yearsyrs
Law Clerk Analyst Assistant Vice President
Credit Officer
5 Yearsyrs
Data Analyst Finance Analyst Controller
Finance Controller
9 Yearsyrs
Law Clerk Senior Associate Senior Finance Analyst
Finance Leader
8 Yearsyrs
Finance Analyst Senior Finance Analyst
Finance Manager
7 Yearsyrs
Business Analyst Senior Finance Analyst
Finance Planning Manager
8 Yearsyrs
Finance Analyst Finance Manager General Manager
Operations Director
9 Yearsyrs
Research Associate Project Manager Program Manager
Portfolio Manager
7 Yearsyrs
Risk Analyst Risk Manager
Risk Management Director
7 Yearsyrs
Summer Analyst Analyst Senior Consultant
Risk Manager
8 Yearsyrs
Research Associate Program Manager President Of Operations
Senior Vice President-Operations
13 Yearsyrs
Research Analyst Project Manager General Manager
Vice President & General Manager
12 Yearsyrs
Research Analyst Business Analyst Assistant Vice President
Vice President And Manager
10 Yearsyrs
Business Analyst Assistant Vice President
Vice President Operation Manager
9 Yearsyrs
Risk Analyst Assistant Vice President
Vice President, Product Manager
9 Yearsyrs
Risk Management Director Managing Director Founder And Chief Executive Officer
Vice President-Products
13 Yearsyrs
Show More

Risk Management Internship Demographics

Gender

Male

43.9%

Female

35.5%

Unknown

20.6%
Ethnicity

White

52.0%

Asian

37.7%

Hispanic or Latino

7.0%

Unknown

2.5%

Black or African American

0.8%
Show More
Languages Spoken

Mandarin

23.0%

Chinese

18.9%

Spanish

12.9%

French

12.0%

Hindi

6.0%

Cantonese

4.1%

Japanese

3.2%

Italian

2.8%

Vietnamese

2.3%

Korean

2.3%

Russian

1.8%

German

1.8%

Arabic

1.8%

Urdu

1.4%

Turkish

0.9%

Telugu

0.9%

Bengali

0.9%

Tamil

0.9%

Portuguese

0.9%

Polish

0.9%
Show More

Risk Management Internship Education

Schools

Columbia University

9.7%

Fordham University

8.1%

Johns Hopkins University

6.6%

Cornell University

5.8%

University of Illinois at Urbana-Champaign

5.8%

Georgia Institute of Technology -

5.8%

University of Rochester

5.4%

New York University

5.0%

Bentley University

4.7%

University of Chicago

4.7%

Pennsylvania State University

4.3%

Rensselaer Polytechnic Institute

4.3%

University of Michigan - Ann Arbor

4.3%

Temple University

3.9%

University of Southern California

3.9%

Boston University

3.9%

Northeastern University

3.9%

University of Iowa

3.5%

Lehigh University

3.5%

George Washington University

3.1%
Show More
Majors

Finance

28.5%

Business

14.8%

Economics

8.2%

Accounting

7.8%

Management Science

5.8%

Statistics

5.0%

Mathematics

4.8%

Management

4.2%

Health Care Administration

3.1%

Law

3.0%

Insurance

2.7%

Applied Mathematics

2.4%

Public Health

2.1%

Social Work

1.2%

Criminal Justice

1.2%

Psychology

1.2%

Political Science

1.1%

Operations Research

1.0%

Information Technology

1.0%

Information Systems

1.0%
Show More
Degrees

Bachelors

47.8%

Masters

40.9%

Other

5.6%

Doctorate

3.6%

Certificate

1.2%

Associate

0.7%

License

0.1%

Diploma

0.1%
Show More
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills for A Risk Management Internship

FinancialStatementsEnsureComplianceSafetyPortfolioRiskAssessmentLossInsurancePoliciesInternalAuditExposureCreditRiskVBASASRiskAnalysisRegulatoryBloombergAssetInternalControlSQLRiskManagementDepartmentDataAnalysis

Show More

Top Risk Management Internship Skills

  1. Financial Statements
  2. Ensure Compliance
  3. Safety
You can check out examples of real life uses of top skills on resumes here:
  • Prepared credit risk assessments and reviewed financial statements for loan projects
  • Assessed risk environment of multinational telecommunication company to ensure compliance with regulatory requirements
  • Conducted surveys to determine the types of public safety needs to be addressed in disaster planning.
  • Calculated statistical data for monthly portfolio risk reports that helped managers to make investment decisions !
  • Performed tasks including retrieving and entering financial information, financial analysis, risk assessment, and report preparation.

Top Risk Management Internship Employers

Show More