New disciplines in corporate management usually take decades to become established and respected as a profession in their own right. For example the transition of the welfare department into the Human Resources team that you love to hate probably took more than thirty years. Risk management has really burst on to the scene in the past decade as companies started to take SWOT analyses far more seriously. Assessing risks is no longer a management game but a proactive discipline where risk-adjusted information is used to determine corporate strategies, business initiatives and asset allocation. The specialist risk management jobs are well paid and require a certain skillset. If you need to recruit in this niche, make sure you speak to A E Feldman first.