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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- Enterprising / Social
- Conventional / Enterprising
- 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 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.
- Financial jurisdiction
Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction
- Assessment of risks and threats
The security documentation and any security-related communications and information.
- 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.
- 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.
- 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.
Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
- 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.
- Produce statistical financial records
Review and analyse individual and company financial data in order to produce statistical reports or records.
- Analyse market financial trends
Monitor and forecast the tendencies of a financial market to move in a particular direction over time.
- 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.
- Deliver visual presentation of data
Create visual representations of data such as charts or diagrams for easier understanding.
- 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.
- 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.
- 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.
- Manage financial risk
Predict and manage financial risks, and identify procedures to avoid or minimise their impact.
- 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.
- 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.
- Prevent fraudulent activities
Identify and prevent suspicious merchant activity or fraudulent behaviour.
- 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.
- Inspect data
Analyse, transform and model data in order to discover useful information and to support decision-making.
- 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.
- Manage currency exchange risk mitigation techniques
Evaluate foreign currency and assess conversion risks; implement risk mitigation strategies and techniques to protect against fluctuation.
- 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.
Optional knowledge and skillsperform data analysis show diplomacy enforce customer's debt repayment create solutions to problems debt collection techniques speak different languages information confidentiality teamwork principles apply information security policies
Common job titles
- Risk management analyst
- Credit analyst
- Risk analyst
- Credit risk analyst/associate
- Risk data analyst
- Acf sr credit analyst i - zone a
- Credit risk analyst