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

• 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.

• 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

• 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.

• Economics

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

• 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.

• 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.

Skills

• Negotiate sales contracts

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

• Deliver visual presentation of data

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

• Produce statistical financial records

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

• Assess risk factors

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

• 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.

• Have computer literacy

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

• 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.

• Inspect data

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

• 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.

• Analyse the credit history of potential customers

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

• 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.

• 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 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.

• 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 financial risk

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

• Create risk maps

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

• 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.

• Prevent fraudulent activities

  Identify and prevent suspicious merchant activity or fraudulent behaviour.

• 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.

Optional knowledge and skills

Source: Sisyphus ODB