Meeting the Demand for Risk Management Consulting Management Resources

Meeting the Demand for Risk Management Consulting Management ResourcesMeeting the Demand for Risk Management Consulting Management ResourcesOur prehistoric ancestors knew a thing or two about survival and sharpened their instincts acutely to avoid the risks posed by an often-hostile world.Fast-forward 10,000 years Instead of assessing the risk of being injured or killed by the animal herds we stalk for food, todays risk management consulting professionals might instead use sophisticated algorithms to calculate the likelihood of crop failures or manage operational risks throughout a corporation.A career in risk management consulting offers good earning potential, strong career growth possibilities and the ability to make a positive impact in the geschftliches miteinander world.Assessing risk, and making wise choices as a result of that assessment, takes both brainpower and leadership. Organizations that hire risk management consultants traditionally favor candidates with backgrounds in accounting, business administration, economics or mathematics. Increasingly, business schools are also offering majors or concentrations in risk management.Skills needed for risk management consulting rolesBeyond the degree, the key characteristic firms seek is superior quantitative skills. Candidates for risk management consulting jobsmust be adept at crunching numbers, then discerning nuggets of risk management wisdom from among the reams of business data.The need is there Six years after the 2008 financial crisis, financial institutions around the world indicate that while progress has been made in improving risk management capabilities, many still struggle with foundational elements such as resource limitations and integration of risk appetite into day-to-day activities, according to a recent studyfrom The Economist Intelligence Unit sponsored by Protiviti, a global consulting firm and subsidiary of Robert Half.In a separate study from Protiviti andNorth Carolina State Univer sitys ERM Initiative,Executive Perspectives on Top Risks Survey, executives citedregulatory changes and heightened regulatory scrutiny as well as economic conditions as the top risks facing businesses today.Since the regulatory environment and economy both critical ingredients in assessing corporate risk are by no means fixed entities, lifelong learning is pivotal in risk management consulting. A variety of risk management trade associations and specialized websites are available to help you learn more about risk management trends and advancing your career.Different paths in risk management consultingThe risk management consulting profession contains a variety of sub-specialties. Professionals can specialize in regulatory compliance, risk and corporate strategy, fraud risk, financial investigation or risk-management information systems. Certifications are also available, as well. For example, you could specialize in fraud examination, but you could also become a Certified Fraud Ex aminer (CFE), who can earn up to 30 percent more than someone who may also be experienced and qualified, but not certified.Seasoned risk management professionals who want to expand their expertise and advance might consider switching to a risk-related area outside their current specialty. For example, if youve always worked in the property-casualty arm of an insurance company, a move to life and health insurance might broaden your outlook and your options.

Engineering Internships on the Rise

Engineering Internships on the Rise Engineering Internships on the Rise Engineering Internships on the RiseMore companies want interns. A recent survey by the National Association of Colleges and Employers states that employers plan to increase internship hiring by 8.5 percent in 2012.Several factors are contributing toward this increase in demand.Nearly 80 percent of employers view internships as the new way to find full-time hires, and 70 percent of internships culminate with a full-time offer from that same employer, says Stuart Lander, chief marketing officer at TweetMyJobs and www.internships.com. With fierce competition for full-time employment continuing, students are striving to have multiple internships on their resume, which contributes to the growth of the internship market.Nathan Parcells, founder of www.internmatch.com, reports a dramatic increase in engineering internships.Currently over 10 percent of our available internships are for engineering roles, which is the hig hest we have seen in the past three years, Parcells says. A lot of behauptung are electrical engineering positions related to the growing competition among tech companies like Google, Apple, and LinkedIn. Mechanical engineering internships are also on the rise because more companies are investing in engineering and innovation. In a recent survey we discovered that over 93 percent of startups are planning on hiring interns within the next three monthsthis is becoming a competitive hiring strategy for many companies, he adds.According to Lander, engineering was ranked as the fifth most internship-ready major in 2012, with nearly six applications per intern position. As a result, our engineering supply has grown into the fourth-largest inventory of internships on our site, with over 6,500 positions live today, he says.Like a Regular JobEngineering internships provide a challenging variety of work. Software development positions usually involve working directly with a mentor and tacklin g large-scale projects they can take at their own pace, with the goal of developing a finished product by the end of the summer.Public-sector positions are more research-oriented in the private sector there is more emphasis on berprfung interns for full-time employment, with greater introduction to the company culture and interaction with other employees. These roles tend to be in a faster-paced corporate setting and may involve additional training.For example, last summer we interviewed a student who interned at the mechanical engineering firm Astronics, says Parcells. He shared how his internship quickly transitioned from training to becoming a key employee in charge of creating 3-D graphic images of circuit boards and checking different system statuses using this process.Barr Engineering, a consulting firm based in Minneapolis, has a very active internship program. Candidates are offered positions in mechanical, civil, geotechnical, structural, environmental, and chemical enginee ring. The number of internships has nearly doubled every year over the past two years. Interns are mentored by senior staff, have opportunities to work in the field and travel, and gain insights into engineering and environmental projects.We treat our interns as regular engineers and scientists, says Claire Moreau, human resources development consultant for Barr. Our interns bill their time to specific projects and truly contribute to the success of their projects. This is a challenging expectation at times but provides valuable insights into the consulting industry. In exchange, Barr gets to observe budding engineers and scientists in action and gauge their interest in a consulting career. Over the years, we have hired 147 former interns as full-time employees.Tough CompetitionParcells leides that, with student unemployment at near-record levels and students interning more than ever in the past, competition is intense. He advises to start early and speak to teachers, teaching assis tants, and other people in your field of interest.They can offer valuable insight into how they found their internships and might be able to connect you with opportunities in the future, he says. We also highly recommend you tackle projects outside of work. This is something we found when interviewing Google recruitersbeing able to show a deeper passion for your field than just taking classes helps your resume really stand out.Dont wait until your senior year to start applying, agrees Lander. The question has evolved from, Did you have an internship in college? to Where/how many internships did you have in college? Its not uncommon for students to graduate with three or four internships on their resume, which provides a distinct advantage when applying for full-time positions.As the Barr internship program becomes more competitive, the company is placing more emphasis on hiring engineers with previous internship and research experience. If interns are unable to secure the internship they want, they should not give up, notes Moreau. They should find a related internship or research fellowship and reapply the following summer. With that experience on their resume to differentiate themselves, theyll be a stronger candidate the following year.Mark Crawford is an independent writer.Currently over 10 percent of our available internships are for engineering roles, which is the highest we have seen in the past three years.Nathan Parcells, founder, www.internmatch.com

Behaviors of toxic people you can catch during an interview

Behaviors of toxic people you can catch during an interviewBehaviors of toxic people you can catch during an interviewIt can be easy for a job candidate who is new a specific work environmentto make a bad first impressionwhen showing up in person, but certain behaviors are inexcusable.Recruiters, you might want to think twice about candidates who act this way during the interview process, because as Quartz at Work points out, toxic employees could cost your company financially and emotionally.The candidate is excessively lateWe know, it happens to the best of us. After mapping out the route the night before, a candidate could get stuck in traffic or even take the wrong train or bus and end up far away from the interview location.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moraBut while being even five minutes late to an interview can send the wrong idea to a recruiter, being tardy by 30 minutes , an hour or even more could absolutely land a candidate in the rejected category.The candidate talks down to the reception personDo you know how its a bad sign when someone youre eating a meal with at a restaurant belittles the person taking their order?The same applies to the person checking in a candidate at the beginning of an in-person interview.Job seekers shouldknow better than to act arrogantly to the reception person by the front door,and not just because theyre actively looking for employment.This is another sign that this person could be tricky to work with.The candidate badmouths their previous employerYou can tell that this person will actively spread workplace gossip, and live to single out coworkers behind closed doors.If the candidate acts like a know-it-all, and haughtily bashes the fact that they simply couldnt be challenged enough at their last job, this might be a red flag.Candidates should show that they are open to taking on more responsibility, but there are m ore discrete ways of putting this. You want to make sure the person youre hiring understands the subtleties of interacting with people on the job.It should also be obvious that badmouthing a company or manager that theyve listed as a reference is a bad idea.The candidate doesnt know about the company and/or the positionJob seekers should never wing it to the point that they dont know anything about the company or the job theyre interviewing for.This is a huge signal that if you bring them on board, theres a good chance that they wont try to learn the material required for their new job or be able to communicate the companys vision to clients.How could someone like this represent your company in meetings or at conferences?This article was first published on January 16, 2018.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that w ill double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people