Table 1Transition record

business analysttocorporate risk manager

A business analyst already meets 22% of what the corporate risk manager role asks for. The move turns on 20 required skills not yet in the profile.

From business analyst

22%

Overlap1

To corporate risk manager

8 Skills carried over

20 Required, not held

81.4 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 81.4

This move: 81.4 of 100 · career change

1 Share of the corporate risk manager role’s weighted skill requirement already met by the business analyst profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 8 skills that carry over, these are the ones fewest other occupations ask for. A corporate risk manager role needs them, and most people applying for one will not have them already. This is the part of a business analyst background worth leading with.

Skill the target role also needs Area

already held keep updated on the political landscape information skills
already held analyse external factors of companies information skills
already held analyse internal factors of companies information skills
already held align efforts towards business development communication, collaboration and creativity
already held advise on risk management information skills
already held make strategic business decisions management skills

All 8 carried skills, including the 7 the corporate risk manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 39 missing skills fall into 7 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 business, administration and law 11 required, 7 supplementary

required, not held corporate social responsibility required
required, not held corporate sustainability required
required, not held enterprise risk management required
required, not held key risk indicators required
required, not held qualitative risk analysis techniques required
required, not held quantitative risk analysis techniques required
required, not held risk financing techniques required
required, not held internal auditing required
required, not held risk identification required
required, not held risk transfer required
required, not held types of insurance required

optional, not held risk modelling optional
optional, not held accounting department processes optional
optional, not held reinsurance optional
optional, not held financial products optional
optional, not held insurance law optional
optional, not held international financial reporting standards optional
optional, not held national generally accepted accounting principles optional

02 information skills 5 required, 8 supplementary

required, not held define risk policies required
required, not held address identified risks required
required, not held estimate impact of risks required
required, not held assess risk factors required
required, not held forecast organisational risks required

optional, not held assess supplier risks optional
optional, not held identify if a company is a going concern optional
optional, not held assess financial viability optional
optional, not held assess reliability of data optional
optional, not held compile appraisal reports optional
optional, not held create risk reports optional
optional, not held manage commercial risks optional
optional, not held track key performance indicators optional

03 assisting and caring 2 required

required, not held comply with legal regulations required
required, not held follow company standards required

04 communication, collaboration and creativity 1 required, 1 supplementary

required, not held implement corporate governance required

optional, not held analyse insurance needs optional

05 management skills 1 required, 1 supplementary

required, not held apply crisis management required

optional, not held develop company strategies optional

06 information and communication technologies (icts) 1 supplementary

optional, not held ICT network security risks optional

1 further area in the appendix

Table 4

Table 4 · Where to start

The 3 entries a corporate risk manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 8 skills that carry over

Skill Type

already held advise on risk management skill
already held align efforts towards business development skill
already held analyse external factors of companies skill
already held analyse internal factors of companies skill
already held liaise with managers skill
already held make strategic business decisions skill
already held risk management knowledge
already held keep updated on the political landscape skill

The 1 learning area not shown above

Skill to acquire Tier

07 natural sciences, mathematics and statistics 1 supplementary

optional, not held Monte Carlo simulation optional

19 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held risk modelling optional
optional, not held ICT network security risks optional
optional, not held accounting department processes optional
optional, not held assess supplier risks optional
optional, not held identify if a company is a going concern optional
optional, not held reinsurance optional
optional, not held Monte Carlo simulation optional
optional, not held analyse insurance needs optional
optional, not held assess financial viability optional
optional, not held assess reliability of data optional
optional, not held compile appraisal reports optional
optional, not held create risk reports optional
optional, not held develop company strategies optional
optional, not held financial products optional
optional, not held insurance law optional
optional, not held international financial reporting standards optional
optional, not held manage commercial risks optional
optional, not held national generally accepted accounting principles optional
optional, not held track key performance indicators optional

45 held skills the corporate risk manager role does not ask for

Skill Type

not needed by the target role advise client on technical possibilities skill
not needed by the target role advise on communication strategies skill
not needed by the target role advise on efficiency improvements skill
not needed by the target role advise on financial matters skill
not needed by the target role advise on organisational culture skill
not needed by the target role advise on personnel management skill
not needed by the target role analyse business plans skill
not needed by the target role analyse financial performance of a company skill
not needed by the target role apply change management skill
not needed by the target role build business relationships skill
not needed by the target role business analysis knowledge
not needed by the target role business analytics knowledge
not needed by the target role business communication knowledge
not needed by the target role business intelligence knowledge
not needed by the target role business law knowledge
not needed by the target role business process modelling knowledge
not needed by the target role business strategy concepts knowledge
not needed by the target role conduct qualitative research skill
not needed by the target role conduct quantitative research skill
not needed by the target role corporate law knowledge
not needed by the target role data visualisation software knowledge
not needed by the target role define organisational standards skill
not needed by the target role digital data processing skill
not needed by the target role financial statements knowledge
not needed by the target role identify undetected organisational needs skill
not needed by the target role interpret financial statements skill
not needed by the target role interview people skill
not needed by the target role investment banking knowledge
not needed by the target role management consulting knowledge
not needed by the target role management systems standards knowledge
not needed by the target role market entry strategies knowledge
not needed by the target role market research knowledge
not needed by the target role marketing analytics knowledge
not needed by the target role organisational learning knowledge
not needed by the target role organisational policies knowledge
not needed by the target role perform business analysis skill
not needed by the target role propose ICT solutions to business problems skill
not needed by the target role quality standards knowledge
not needed by the target role report analysis results skill
not needed by the target role scientific research methodology knowledge

5 further entries not listed here

20 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier

required, not held corporate social responsibility required
required, not held corporate sustainability required
required, not held enterprise risk management required
required, not held key risk indicators required
required, not held qualitative risk analysis techniques required
required, not held quantitative risk analysis techniques required
required, not held risk financing techniques required
required, not held internal auditing required
required, not held risk identification required
required, not held risk transfer required
required, not held types of insurance required
optional, not held risk modelling optional
optional, not held ICT network security risks optional
optional, not held accounting department processes optional
optional, not held reinsurance optional
optional, not held Monte Carlo simulation optional
optional, not held financial products optional
optional, not held insurance law optional
optional, not held international financial reporting standards optional
optional, not held national generally accepted accounting principles optional

Index

Other moves recorded from business analyst

Full index of moves from business analyst

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.