Profession financial risk analyst

Financial risk analysts correctly identify and review potential risk areas threatening the assets or capital of organisations. They specialise in either credit, market, operational or regulatory risk analysis. They use statistical analysis to evaluate risk, make recommendations to reduce and control risk and review documentation for legal compliance.

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Personality Type

  • Conventional / Enterprising
  • Conventional / Investigative
  • Enterprising / Conventional

Knowledge

  • 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

  • Economics

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

  • Assessment of risks and threats

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

  • 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.

  • 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.

  • 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.

Skills

  • 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.

  • 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.

  • Analyse market financial trends

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

  • 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.

  • Manage financial risk

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

Optional knowledge and skills

manage currency exchange risk mitigation techniques business management principles apply credit stress testing methodologies assess risks of clients' assets speak different languages create a financial plan legal research deliver visual presentation of data prevent fraudulent activities apply statistical analysis techniques securities provide support in financial calculation principles of insurance apply credit risk policy compile statistical data for insurance purposes enforce customer's debt repayment analyse the credit history of potential customers teamwork principles debt collection techniques create solutions to problems carry out statistical forecasts apply information security policies examine credit ratings have computer literacy analyse economic trends control financial resources international commercial transactions rules write work-related reports develop models perform data analysis advise on tax planning interpret financial statements negotiate sales contracts prepare financial statements prepare credit reports optimise financial performance assess mortgage risk disseminate information on tax legislation inspect data show diplomacy information confidentiality maintain financial records analyse financial performance of a company analyse insurance risk accounting techniques produce statistical financial records assess risk factors