Profession credit risk analyst

Credit risk analysts manage individual credit risk and care for fraud prevention, business deal analysis, legal documents analysis and recommendations on the level of the risk.

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Personality Type

  • Enterprising / Social
  • Conventional / Enterprising

Knowledge

  • International commercial transactions rules

    Pre-defined commercial terms used in international commercial transactions which stipulate clear tasks, costs and risks associated with the delivery of goods and services.

  • Financial forecasting

    The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.

  • Risk transfer

    The financial techniques aimed at avoiding damaging financially a business and instead, protect it in its operations. It is the operation of transferring liabilities and claims to third parties that have the financial muscle and specialise in bundling and managing risks in scale.

  • Risk management

    The process of identifying, assessing, and prioritising of all types of risks and where they could come from, such as natural causes, legal changes, or uncertainty in any given context, and the methods on dealing with risks effectively.

  • Assessment of risks and threats

    The security documentation and any security-related communications and information.

  • Economics

    Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.

  • Financial management

    The field of finance that concerns the practical process analysis and tools for designating financial resources. It encompasses the structure of businesses, the investment sources, and the value increase of corporations due to managerial decision-making.

  • Financial analysis

    The process of assessing the financial possibilities, means, and status of an organisation or individual by analysing financial statements and reports in order to make well informed business or financial decisions.

  • Financial jurisdiction

    Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction

Skills

  • Manage currency exchange risk mitigation techniques

    Evaluate foreign currency and assess conversion risks; implement risk mitigation strategies and techniques to protect against fluctuation.

  • Inspect data

    Analyse, transform and model data in order to discover useful information and to support decision-making.

  • Deliver visual presentation of data

    Create visual representations of data such as charts or diagrams for easier understanding.

  • Carry out statistical forecasts

    Undertake a systematic statistical examination of data representing past observed behaviour of the system to be forecast, including observations of useful predictors outside the system.

  • Apply statistical analysis techniques

    Use models (descriptive or inferential statistics) and techniques (data mining or machine learning) for statistical analysis and ICT tools to analyse data, uncover correlations and forecast trends.

  • Advise on risk management

    Provide advice on risk management policies and prevention strategies and their implementation, being aware of different kinds of risks to a specific organisation.

  • Prevent fraudulent activities

    Identify and prevent suspicious merchant activity or fraudulent behaviour.

  • Create risk reports

    Gather all the information, analyse the variables and create reports where the detected risks of the company or projects are analysed and possible solutions are suggested as counter actions to the risks.

  • Apply credit stress testing methodologies

    Use several approaches and credit stress test methodologies. Determine and analyse which reactions to different financial situations or sudden changes can have an impact on the whole economy.

  • Analyse financial risk

    Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.

  • Apply credit risk policy

    Implement company policies and procedures in the credit risk management process. Permanently keep company's credit risk at a manageable level and take measures to avoid credit failure.

  • Negotiate sales contracts

    Come to an agreement between commercial partners with a focus on terms and conditions, specifications, delivery time, price etc.

  • Analyse market financial trends

    Monitor and forecast the tendencies of a financial market to move in a particular direction over time.

  • Analyse the credit history of potential customers

    Analyse the payment capacity and credit history of potential customers or business partners.

  • Assess risk factors

    Determine the influence of economical, political and cultural risk factors and additional issues.

  • Manage financial risk

    Predict and manage financial risks, and identify procedures to avoid or minimise their impact.

  • Write work-related reports

    Compose work-related reports that support effective relationship management and a high standard of documentation and record keeping. Write and present results and conclusions in a clear and intelligible way so they are comprehensible to a non-expert audience.

  • Produce statistical financial records

    Review and analyse individual and company financial data in order to produce statistical reports or records.

  • Create risk maps

    Use data visualisation tools in order to communicate the specific financial risks, their nature and impact for an organisation.

  • Have computer literacy

    Utilise computers, IT equipment and modern day technology in an efficient way.

Optional knowledge and skills

information confidentiality create solutions to problems apply information security policies teamwork principles enforce customer's debt repayment debt collection techniques speak different languages show diplomacy perform data analysis