Financial Risk Manager - FRM

If it could, every business would hire an honest-to-goodness fortune teller to outline what the future holds. That way, the company could avoid unexpected catastrophes and all the bad decisions they would otherwise end up making.

Unfortunately, fortune tellers aren't really an option (though bringing one to a board meeting might provide an interesting distraction). So businesses turn to the next best thing: financial risk managers.

These professionals review a company and figure out possible risks threatening the operation. Then they suggest possible precautions the firm can take to avoid the worst scenarios. Buy insurance, hedge in the options market, diversify product lines...the FRM can advise clients on how best to limit their exposure to bad turns of fortune.