Corporate Security & Risk Management

Corporate security and risk management requires regulatory acumen.

Organizations manage risks inherent in operating activities and manufacturing processes to prevent significant losses. Senior corporate leaders put into place sound risk and security management policies to detect and suppress occupational hazards.

Corporate Security Management

According to the U.S. Department of Labor's Occupational Information Network, corporate security management consists of the tools, procedures and methodologies that organizations use to safeguard assets. Security management procedures also help a firm protect personnel from work-related injuries.

Risk Management

Risk management is a business process that allows a company to detect, assess and monitor risks inherent in operating activities, indicates Investopedia, a financial information website. Corporate risks include market, credit, operational and technology risks. Department heads and segment chiefs establish risk management guidelines to which staff must conform when performing the required tasks.

Relationship

Risk management and security management are distinct activities within corporate operating processes, yet both concepts often interrelate. For example, an operational risk manager may work with a corporate security manager to ensure that operating procedures concerning plant assets--such as machinery and equipment--are functional and adequate.

References

• Investopedia: Risk Management
• O*NET OnLine: Security Management Specialists
• O*Net OnLine: Risk Management Specialists