To pursue a career as an risk management specialist: A master’s degree in business administration, risk management or other related field may be preferred.
Conduct market research on best practices, competitive landscape and new hedging toolsĪ bachelor’s degree in agricultural business, accounting, finance or related field is a base requirement.Provide daily or weekly credit and risk reports to clients based on their needs.Monitor commodity prices and potential threats to prices.Provide hedging strategy recommendations with varying risk tolerances.Develop weather forecasts and financial forecasts for farmers to aide in decision making.Develop, monitor and communicate risk management measurement procedures.Ensure compliance with US Generally Accepted Accounting Principles (GAAP) as set by the US Securities Commission (SEC) when hedging.Conduct economic impact studies to look at the long and short term impact on policies being considered.Use agricultural data and government agency reports in order to conduct risk assessments for clients or state/federal government to facilitate improved agricultural trade.Look at the impact that pests, disease, ecological factors and other factors could have on crop production.
RISK MANAGER DESCRIPTION SOFTWARE
Find strategies to reduce price risk on agricultural commodities Use software to create models to look at hedge effectiveness, trends and price sensitivities.
Risk Management specialists manage risk for producers by identifying, measuring and advising regarding decisions on financial risk for an organization.
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