Risk Assessment Officer in Oregon Career Overview

As a Risk Assessment Officer, you are tasked with identifying, evaluating, and mitigating potential risks that could impact an organization. Your role is integral in various industries, including finance, healthcare, environmental sectors, and manufacturing.

Key responsibilities typically include:

  • Conducting Risk Analysis: You assess vulnerabilities within the organization by collecting and analyzing data related to financial, operational, and procedural risks.

  • Developing Risk Management Strategies: Your insights lead to the formulation of strategies designed to reduce risk exposure while ensuring compliance with relevant regulations.

  • Collaborating Across Departments: Working closely with various departments is essential. You help teams understand potential threats and implement measures to manage them effectively.

  • Monitoring Risk Factors: You continuously monitor changes in the environment, industry standards, and regulations to remain proactive in risk mitigation.

  • Reporting: Regularly, you prepare detailed reports that outline risks and suggest actionable recommendations for management to consider.

  • Training and Education: A part of your role involves educating colleagues and stakeholders about risk factors and the importance of adherence to safety standards and protocols.

The importance of your position cannot be overstated, as effective risk management supports decision-making processes, protects organizational assets, and enhances overall operational resilience. Organizations depend on your expertise to navigate uncertainties, making your role vital to their long-term success.

Risk Assessment Officer Salary in Oregon

Annual Median: $75,750
Hourly Median: $36.42

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Required Education To Become a Risk Assessment Officer in Oregon

To become a Risk Assessment Officer in Oregon, you will need to complete specific educational programs that focus on various aspects of risk management and assessment. Here are the relevant degree programs that can prepare you for this career:

  • Bachelor’s Degree in Risk Management: This program typically emphasizes risk identification, analysis, and mitigation strategies relevant to both corporate and financial environments.

  • Bachelor’s Degree in Financial Risk Management: This degree focuses on managing potential financial losses in an organization, covering subjects such as investment risk, insurance, and portfolio management.

  • Bachelor’s Degree in Homeland Security: This program prepares you to assess risks related to national security, emergency management, and disaster response frameworks.

  • Bachelor’s Degree in Quality Control and Safety Technology: This degree provides knowledge on maintaining quality standards and safety protocols, crucial for assessing risks in manufacturing and service industries.

  • Bachelor’s Degree in Cybersecurity Defense Strategy and Policy: This educational path focuses on understanding and managing risks associated with information technology and cyber threats, emphasizing security policies and defense strategies.

You may also consider pursuing graduate degrees in these areas, as they can provide advanced knowledge and specialized skills pertinent to risk assessment roles.

Best Schools to become a Risk Assessment Officer in Oregon 2024

Kennesaw State University

Kennesaw, GA

In-State Tuition:$4,450
Out-of-State Tuition:$15,704
Admission Rate:68%
Graduation Rate:46%
Total Enrollment:43,190

Ocean Corporation

Houston, TX

In-State Tuition:$N/A
Out-of-State Tuition:$N/A
Admission Rate:N/A
Graduation Rate:83%
Total Enrollment:176

Ivy Tech Community College

Indianapolis, IN

In-State Tuition:$4,487
Out-of-State Tuition:$8,777
Admission Rate:N/A
Graduation Rate:31%
Total Enrollment:89,705

University of Colorado Colorado Springs

Colorado Springs, CO

In-State Tuition:$10,990
Out-of-State Tuition:$20,906
Admission Rate:85%
Graduation Rate:43%
Total Enrollment:11,431

Benjamin Franklin Cummings Institute of Technology

Boston, MA

In-State Tuition:$16,950
Out-of-State Tuition:$16,950
Admission Rate:N/A
Graduation Rate:44%
Total Enrollment:513

Excelsior University

Albany, NY

In-State Tuition:$N/A
Out-of-State Tuition:$N/A
Admission Rate:N/A
Graduation Rate:N/A
Total Enrollment:15,833
Risk Assessment Officer Job Description:
  • Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.
  • Prepare reports with credit information for use in decisionmaking.

Risk Assessment Officer Required Skills and Competencies in Oregon

  • Analytical Thinking: You need to synthesize large volumes of data and assess complex scenarios to identify potential risks and impacts on the organization.

  • Attention to Detail: In risk assessment, minor oversights can lead to significant consequences. You should be meticulous in reviewing documents, reports, and data.

  • Problem-Solving: Effective risk assessment requires not only identifying potential issues but also developing strategic solutions to mitigate them.

  • Communication Skills: You must articulate findings, recommendations, and risk mitigation strategies clearly to both technical and non-technical stakeholders, ensuring everyone understands the implications.

  • Technical Proficiency: Familiarity with risk assessment software, statistical analysis tools, and data visualization techniques is essential. You should also have a strong grasp of industry-specific regulations and compliance standards.

  • Critical Thinking: Ability to evaluate various factors and anticipate future risks or outcomes based on current data is vital in formulating effective risk management strategies.

  • Interpersonal Skills: Building relationships with colleagues and stakeholders is important for information sharing and collaboration on risk management strategies.

  • Project Management: You should be capable of managing multiple projects and deadlines, demonstrating strong organizational skills to prioritize tasks effectively.

  • Financial Acumen: Understanding financial principles and concepts helps in assessing the financial implications of risks and evaluating the cost-effectiveness of risk mitigation strategies.

  • Adaptability: As the risk environment continually evolves, being open to change and able to adjust strategies and methods in response to new information is important.

  • Ethical Judgment and Integrity: You need to display a strong ethical framework and integrity in assessing risks and making decisions that align with both organizational values and legal standards.

Job Duties for Risk Assessment Officers

  • Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.

  • Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.

  • Generate financial ratios, using computer programs, to evaluate customers' financial status.

Technologies and Skills Used by Risk Assessment Officers

Enterprise resource planning ERP software

  • Microsoft Dynamics
  • SAP software

Financial analysis software

  • CGI-AMS Strata
  • Moody's KMV Risk Advisor

Presentation software

  • Microsoft PowerPoint

Basic Skills

  • Figuring out how to use new ideas or things
  • Thinking about the pros and cons of different ways to solve a problem

Problem Solving

  • Noticing a problem and figuring out the best way to solve it

Job Market and Opportunities for Risk Assessment Officer in Oregon

The job market for Risk Assessment Officers in Oregon is currently vibrant, driven by the increasing need for organizations to manage risk effectively across various sectors. Here are key insights into the present landscape, potential growth, and geographical hotspots for this profession.

  • Demand: The demand for Risk Assessment Officers is on the rise as businesses face ever-evolving risks, including cybersecurity threats, regulatory changes, and environmental factors. Organizations in finance, healthcare, environmental policy, and technology are particularly focused on enhancing their risk management capabilities.

  • Growth Potential: Projections indicate a favorable growth trajectory for risk assessment roles in Oregon. As companies continue to recognize the importance of proactive risk management, the need for qualified professionals is expected to expand. Moreover, the increasing complexity of risks in an interconnected global economy further supports opportunities for career advancement and specialization within this field.

  • Geographical Hotspots:

    • Portland: The largest city, known for its tech companies and corporate headquarters, offers numerous opportunities in sectors necessitating comprehensive risk assessment practices.
    • Salem: As the state capital, Salem hosts many governmental and regulatory bodies, creating openings in public sector risk management.
    • Bend: This growing area attracts a diverse range of businesses, particularly in outdoor recreation and technology, leading to a need for risk professionals.
    • Eugene: Home to several educational institutions and healthcare facilities, Eugene presents opportunities focused on educational and health risk assessments.
  • Industry Growth: Key industries such as finance, healthcare, technology, and environmental consulting are contributing to the expansion of risk assessment roles. As regulatory requirements continue to tighten, professionals adept at navigating these areas will find numerous opportunities.

By focusing on these trends and hotspots, you can position yourself strategically within Oregon's evolving job market for Risk Assessment Officers.

Additional Resources To Help You Become a Risk Assessment Officer in Oregon

  • U.S. Department of Labor's O*NET Online
    Explore detailed information about occupations, including job duties, skills required, and experience.
    O*NET Online - Risk Assessment Officer

  • Society for Risk Analysis (SRA)
    A professional organization that offers networking, professional development, and resources for risk assessment professionals.
    Society for Risk Analysis

  • Risk Management Society (RIMS)
    RIMS provides education, resources, and networking opportunities for those involved in risk management.
    Risk Management Society

  • American Society for Quality (ASQ)
    ASQ offers resources related to quality control and risk management practices. This can be beneficial for ongoing education and certifications.
    American Society for Quality

  • National Institute of Standards and Technology (NIST)
    Offers guidelines on security and risk management, including resources relevant to cyber and physical security risk assessments.
    NIST Cybersecurity Framework

  • Federal Emergency Management Agency (FEMA)
    Provides resources and training related to risk management in emergency management contexts.
    FEMA Risk Management

  • Risk Management and Insurance (RMI) Programs
    Several universities in Oregon offer degree programs and certifications in risk management and insurance. Check local institutions like Portland State University or Oregon State University.
    Portland State University - Risk Management
    Oregon State University - Risk Management

  • LinkedIn Learning
    Offers a variety of courses on risk assessment, risk management strategies, and related software. Subscribing can help you acquire new skills and knowledge relevant to your field.
    LinkedIn Learning

  • Journal of Risk Research
    An academic journal that publishes articles on various topics related to risk perception, assessment, and management.
    Journal of Risk Research

  • ISO 31000 – Risk Management Guidelines
    An international standard that provides guidelines on risk management principles and frameworks. It is a valuable resource for understanding best practices.
    ISO 31000

Frequently Asked Questions (FAQs) About Risk Assessment Officer in Oregon

  • What does a Risk Assessment Officer do?
    A Risk Assessment Officer identifies potential risks that could negatively impact an organization’s assets, reputation, or sustainability. They analyze various risk factors, conduct assessments, and develop strategies to mitigate identified risks.

  • What qualifications do I need to become a Risk Assessment Officer in Oregon?
    Typically, you will need a bachelor’s degree in finance, business administration, risk management, or a related field. Additional certifications, such as Certified Risk Management Professional (CRMP) or Project Management Professional (PMP), can enhance your qualifications.

  • What skills are essential for a Risk Assessment Officer?
    Key skills include analytical thinking, attention to detail, strong communication abilities, problem-solving skills, and a thorough understanding of risk management software and frameworks.

  • What is the job outlook for Risk Assessment Officers in Oregon?
    The job outlook for Risk Assessment Officers is positive, with a growing emphasis on successful risk management across various industries. Increased regulatory compliance requirements also contribute to this demand.

  • What industries hire Risk Assessment Officers?
    Risk Assessment Officers can work in a variety of sectors, including finance, healthcare, insurance, government, and corporate sectors, each requiring tailored risk management strategies.

  • How much does a Risk Assessment Officer earn in Oregon?
    Salaries can vary based on experience, education, and location. On average, Risk Assessment Officers in Oregon can expect to earn between $70,000 to $100,000 annually, with the potential for higher earnings in senior roles or specialized sectors.

  • What are the career advancement opportunities for Risk Assessment Officers?
    With experience, you can advance to senior risk management positions, such as Risk Manager or Chief Risk Officer (CRO). Continuing education and professional development can facilitate this progression.

  • Is continuing education important for Risk Assessment Officers?
    Yes, staying current with industry trends, regulations, and methodologies is important. Many professionals benefit from pursuing certifications and attending workshops or seminars to enhance their expertise.

  • What tools or software do Risk Assessment Officers typically use?
    Common tools include risk management software, data analysis programs, and project management applications. Familiarity with software like Microsoft Excel, SAS, or specialized risk management platforms can be advantageous.

  • How do I start a career in risk assessment?
    You can start by obtaining the necessary educational background in a related field. Gaining relevant experience through internships or entry-level positions in risk management or finance is also beneficial. Networking and seeking mentorship can further help you establish a career in this field.