From credit risk analyst to financial risk manager
16 of the 35 essential skills of a financial risk manager are already essential for a credit risk analyst — about 46% of the job, before you learn anything new. It is the closest move from credit risk analyst in the whole taxonomy.
These numbers compare two occupations, not you and a job. What you personally already cover depends on what you have actually done.
- 16
- skills carry over
- 19
- would be new
- 46%
- of the target job covered
- 35
- essential skills of a financial risk manager
What a financial risk manager does
Financial risk managers identify and assess potential risk areas threatening the assets or capital of organisations and give advice on how to deal with them. They specialise in either credit, market, operational or regulatory risk analysis. They use statistical analysis to evaluate risk, make recommendations to reduce and control financial risk and review documentation for legal compliance.
What carries over
16 skillsEssential in both jobs. This is the part of the move you have already made.
- advise on risk management
- analyse financial risk
- analyse market financial trends
- apply credit risk policy
- assess risk factors
- assessment of risks and threats
- create risk maps
- create risk reports
- economics
- financial analysis
- financial forecasting
- financial management
- manage financial risk
- risk identification
- risk management
- risk transfer
What would be new
19 skillsEssential for a financial risk manager and not for a credit risk analyst. Note that the taxonomy describes activities rather than tools, so some of these may be things you already do under a different name.
- advise on financial matters
- advise on tax policy
- analyse external factors of companies
- analyse internal factors of companies
- collect financial data
- create a financial plan
- digital data processing
- enforce financial policies
- estimate profitability
- financial statements
- follow company standards
- integrate strategic foundation in daily performance
- interpret financial statements
- liaise with managers
- make strategic business decisions
- management consulting
- securities
- strive for company growth
- tax legislation
← credit risk analystfinancial risk manager →The other way round
No account needed to start
How far are you from being a financial risk manager?
MyNodes reads your CV once, maps it to this same taxonomy, and shows you which roles you are already closest to and the few skills that would open the most doors. The file is deleted as soon as it has been read.