About Jared Wade

Jared Wade is a freelance writer and former editor of the Risk Management Monitor and senior editor of Risk Management magazine. You can find more of his writing at JaredWade.com.
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How to Get a Job in Risk Management

So you wanna be a risk manager? Great. First step: you’re going to need to get a job in the field. As always, that’s the challenging part. Most companies want people with experience.

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But how do you get experience if you need experience before you can get experience?

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How do you get that first job? A few top-level risk managers shared their philosophies on the matter with Property Casualty 360.

Tim East, director of corporate risk management for Walt Disney, told the site what he looks for when hiring.
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At a minimum [for employees], a bachelor’s degree in a field that’s related to risk management/business, finance, management—the possibilities are many because risk management is broad.

For an entry-level position, that’s sufficient; for a more senior position, I’d like to see experience in the industry, either with an insurer or broker, and some certification such as the ARM, CPCU or other credential.

For schools, we look at Florida State Univ., Georgia Southern and the Katie School, although there are others emerging. For recruiting, we look for individuals who have the education and are the right fit for our unique organization.”

Michael Liebowitz, the top risk manager at New York University and a former president of RIMS (the organization that publishes this blog), had some interesting insight of his own.

The hardest thing today in finding someone is getting an individual who is well rounded.

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Sometimes students are very focused; they jump at the first job that comes along. I understand that, but there is a difference in working at the carriers or the brokers, compared to working inside a corporation with a risk-management department.

I would rather have someone with a blank slate than someone with preconceived notions, or who has obtained a little bit of experience over the last 18 months or year.

The ‘but’ is that this generation moves around, and how much time do you want to invest in someone who is going to be gone in two years?
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All good advice for those trying to break into the discipline.

Or, if all else fails …

Turkey, Thailand and Dublin All in Disaster Recovery Mode

Every day, we get more evidence that 2011 is the worst disaster year the world on record.

Turkey is still digging out from a tragic earthquake that has reportedly killed more than 420 people.

Thailand is awash with floodwaters that have reportedly killed more than 350.

And now Ireland’s capital city has suffered a flash flood that reportedly killed two and stranded many Dubliners.

Occupy Wall Street Time Line

The Occupy Wall Street movement going on in Manhattan’s Financial District and the Occupy [Insert City Name] protests it has spawned nationwide are rooted in the 2008 economic meltdown and subsequent government bailouts. Those were of course spawned by terribly flawed business practices of financial firms, perhaps most notably the “sure, I’ll insure that” stance taken by AIG. And as we all know, horrible risk management was a big part of that what led to the preceding years of flawed, reckless corporate behavior.

Now, people are cheesed off. They are not a monolithic group and have many other gripes about the environment, government spending, wealth distribution and so forth. But much of it certainly has to do with the collapse. The fact that the unemployment rate has been hovering just shy of 10% for more than two years certainly is the subtext for the rationale behind the why they are there and where they are.

And it doesn’t look like it will end anytime soon.

The mainstream press is just starting to cover this now, so many are still understandably in the dark about what is going on. Fortunately, Mother Jones has cataloged the happenings of the past few months in a nice little time line of the evolution of the Occupy Wall Street movement.

Read this to catch up and head over to the Mother Jones site to check out their map of the protest locations and an interesting infographic about income disparity.

  • July 13: The Canadian magazine Adbusters makes a call to Occupy Wall Street.
  • August 30: The hacktivist collective known as Anonymous releases a video answering the call and encouraging others to follow suit.
  • September 17: Nearly 1,000 gather to protest corporate greed and begin occupying the financial district in New York City.
  • September 22: Demonstrators interrupt a Sotheby’s Auction, “in a show of solidarity with the art handler’s union that had been locked out.” This is the first instance of labor unions and the movement locking step.
  • September 24: 80 protestors are arrested during a peaceful march; a video of a police officer pepper-spraying a nonthreatening woman goes viral.
  • September 27: The Occupy Wall Street campaign comes out in support of postal workers who are protesting their reduced five-day work week.
  • September 30: More than 1,000 demonstrators march on NYPD headquarters, protesting the police response against the demonstrators.

 

Happy Cybersecurity Awareness Month

October is national cybersecurity awareness month. Here at Risk Management magazine, we celebrated by running an eight-page feature on the topic in our latest issue. Over at the Department of Homeland Security, they have launched an online campaign to educate the public on the threat and ways to mitigate the threat.

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Atop the webpage for its “Stop. Think. Connect” campaign is the following quote from the president.

“Cybersecurity is not an end unto itself; it is instead an obligation that our governments and societies must take on willingly, to ensure that innovation continues to flourish, drive markets, and improve lives.”

— President Barack Obama

And they also include the handy chart below on ways people can protect themselves.

Increasingly, the government is taking this risk seriously.

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I heard a presentation by Richard Clarke this summer and he warned that the United States remains woefully underprepared for cyberthreats. That’s probably true, but Washington officials are ramping up their efforts with reforms like the National Cyber Command.

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And while a web campaign isn’t going to protect the nation against Chinese hackers, Iranian worm attacks or North Korean cyberattacks, it will hopefully help a few people increase their personal safely, even if ever so slightly.

And while that isn’t the major leap forward the nation needs to stay protected in a world in which the digital threat gets scarier everyday, increasing the security of one person at a time is better than nothing.