financial risk analyst

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.

Alternative Labels

bank risk manager

budget and debt advisor

financial risk department manager

Regulatory Aspect

To see if and how this occupation is regulated in EU Member States, EEA countries or Switzerland please consult the Regulated Professions Database of the Commission. Regulated Professions Database:

http://ec.europa.eu/growth/single-market/services/free-movement-professionals/qualifications-recognition_en

Skills & Competences

Essential Skills and Competences

advise on financial matters advise on risk management advise on tax policy analyse external factors of companies analyse financial risk analyse internal factors of companies analyse market financial trends apply credit risk policy assess risk factors collect financial data create a financial plan create risk maps create risk reports enforce financial policies estimate profitability follow company standards integrate strategic foundation in daily performance interpret financial statements liaise with managers make strategic business decisions manage financial risk strive for company growth

Essential Knowledge

assessment of risks and threats digital data processing economics financial analysis financial forecasting financial management financial statements management consulting risk identification risk management risk transfer securities tax legislation

Optional Skills and Competences

analyse economic trends analyse financial performance of a company apply credit stress testing methodologies apply statistical analysis techniques assess risks of clients' assets calculate dividends carry out statistical forecasts control financial resources create solutions to problems deliver visual presentation of data develop predictive models disseminate information on tax legislation maintain financial records manage currency exchange risk mitigation techniques negotiate sales contracts perform data analysis prepare credit reports prepare financial statements prevent fraudulent activities produce statistical financial records provide support in financial calculation

Optional Knowledge

Monte Carlo simulation accounting department processes banking activities financial department processes financial products international financial reporting standards risk financing techniques treasury management system

Skills & Competences

Concept status

Concept Uri

http://data.europa.eu/esco/occupation/7a6ca615-a2bc-499d-8288-d186ce2594ea

Status

released

Occupations

financial risk manager

Concept overview

Skills & Competences

Skills & Competences

Concept status