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

Knowledge

  • 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.

  • 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 forecasting

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

  • 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 jurisdiction

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

  • 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.

Skills

  • 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.

  • 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.

  • 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.

Optional knowledge and skills

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

Source: Sisyphus ODB