Business analyst to corporate risk manager

• 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

• 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

• 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

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

• still to learn corporate social responsibility required
• still to learn corporate sustainability required
• still to learn enterprise risk management required
• still to learn key risk indicators required
• still to learn qualitative risk analysis techniques required
• still to learn quantitative risk analysis techniques required
• still to learn risk financing techniques required
• still to learn internal auditing required
• still to learn risk identification required
• still to learn risk transfer required
• still to learn 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

Yes, and it is a career change move. A business analyst already covers 22% of what a corporate risk manager is expected to do: 8 skills carry over, 7 of which the corporate risk manager role treats as required.

20 required skills are missing, plus 19 optional ones. They fall into 7 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is define risk policies.

Its learning distance is 81.4 out of 100, which is the career change band. That accounts for both how much is missing and how specialised those skills are.