The financial industry is the key component of national economic growth, to stabilize the financial market order and give full play to the function of economic growth, financial enterprises need to effectively identify financial risks. This paper analyzes the necessity of financial risk management and thinks that in the process of effectively identifying financial risks, we should improve the financial risk identification mechanism, comprehensively grasp the credit situation of enterprises, train financial risk identification talents, and master the details of financial risks in an all-round way. fundamentally put an end to financial risks.