Table 1Transition record

corporate risk managertocredit risk analyst

A corporate risk manager already meets 19% of what the credit risk analyst role asks for. The move turns on 24 required skills not yet in the profile.

From corporate risk manager

19%

Overlap1

To credit risk analyst

7 Skills carried over

24 Required, not held

81.1 Difficulty2

Career overlap Distant match

19%

Learning distance A rebuild

81.1/ 100

adjacentmoderatesubstantialcareer change

1 Share of the credit risk analyst role’s weighted skill requirement already met by the corporate risk manager 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.

Why

Why this move works

A credit risk analyst role treats 6 of its required skills as things a corporate risk manager already does. These are the ones it depends on most.

advise on risk management
assess risk factors
create risk reports
risk identification
risk management
risk transfer

What stands in the way is 24 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 7 skills that carry over, these are the ones fewest other occupations ask for. A credit risk analyst role needs them, and most people applying for one will not have them already. This is the part of a corporate risk manager background worth leading with.

Skill the target role also needs Area

already held create risk reports information skills
already held risk transfer business, administration and law
already held risk identification business, administration and law
already held Monte Carlo simulation natural sciences, mathematics and statistics
already held assess risk factors information skills
already held advise on risk management information skills

All 7 carried skills, including the 6 the credit risk analyst role treats as required.

Table 3

Table 3 · What you would need to learn

The 33 missing skills fall into 9 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 information skills 11 required, 1 supplementary

required, not held create risk maps required
required, not held analyse financial risk required
required, not held analyse market financial trends required
required, not held analyse the credit history of potential customers required
required, not held apply credit stress testing methodologies required
required, not held apply statistical analysis techniques required
required, not held carry out statistical forecasts required
required, not held inspect data required
required, not held manage currency exchange risk mitigation techniques required
required, not held manage financial risk required
required, not held produce statistical financial records required

optional, not held enforce customer's debt repayment optional

02 business, administration and law 5 required, 1 supplementary

required, not held international commercial transactions rules required
required, not held financial analysis required
required, not held financial forecasting required
required, not held financial jurisdiction required
required, not held financial management required

optional, not held debt collection techniques optional

03 communication, collaboration and creativity 3 required, 3 supplementary

required, not held negotiate sales contracts required
required, not held deliver visual presentation of data required
required, not held write work-related reports required

optional, not held create solutions to problems optional
optional, not held show diplomacy optional
optional, not held speak different languages optional

04 assisting and caring 1 required, 1 supplementary

required, not held apply credit risk policy required

optional, not held apply information security policies optional

05 information and communication technologies (icts) 1 required, 1 supplementary

required, not held assessment of risks and threats required

optional, not held information confidentiality optional

06 working with computers 1 required, 1 supplementary

required, not held have computer literacy required

optional, not held perform data analysis optional

3 further areas in the appendix

Table 4

Table 4 · Where to start

The 3 entries a credit risk analyst 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 7 skills that carry over

Skill Type

already held advise on risk management skill
already held assess risk factors skill
already held create risk reports skill
already held risk identification knowledge
already held risk management knowledge
already held risk transfer knowledge
already held Monte Carlo simulation knowledge

The 3 learning areas not shown above

Skill to acquire Tier

07 management skills 1 required

required, not held prevent fraudulent activities required

08 social sciences, journalism and information 1 required

required, not held economics required

09 generic programmes and qualifications 1 supplementary

optional, not held teamwork principles optional

9 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held apply information security policies optional
optional, not held information confidentiality optional
optional, not held create solutions to problems optional
optional, not held debt collection techniques optional
optional, not held enforce customer's debt repayment optional
optional, not held perform data analysis optional
optional, not held show diplomacy optional
optional, not held speak different languages optional
optional, not held teamwork principles optional

40 held skills the credit risk analyst role does not ask for

Skill Type

not needed by the target role ICT network security risks knowledge
not needed by the target role accounting department processes knowledge
not needed by the target role address identified risks skill
not needed by the target role align efforts towards business development skill
not needed by the target role analyse external factors of companies skill
not needed by the target role analyse insurance needs skill
not needed by the target role analyse internal factors of companies skill
not needed by the target role apply crisis management skill
not needed by the target role assess financial viability skill
not needed by the target role assess reliability of data skill
not needed by the target role assess supplier risks skill
not needed by the target role compile appraisal reports skill
not needed by the target role comply with legal regulations skill
not needed by the target role corporate social responsibility knowledge
not needed by the target role corporate sustainability knowledge
not needed by the target role define risk policies skill
not needed by the target role develop company strategies skill
not needed by the target role enterprise risk management knowledge
not needed by the target role estimate impact of risks skill
not needed by the target role financial products knowledge
not needed by the target role follow company standards skill
not needed by the target role forecast organisational risks skill
not needed by the target role identify if a company is a going concern skill
not needed by the target role implement corporate governance skill
not needed by the target role insurance law knowledge
not needed by the target role internal auditing knowledge
not needed by the target role international financial reporting standards knowledge
not needed by the target role keep updated on the political landscape skill
not needed by the target role key risk indicators knowledge
not needed by the target role liaise with managers skill
not needed by the target role make strategic business decisions skill
not needed by the target role manage commercial risks skill
not needed by the target role national generally accepted accounting principles knowledge
not needed by the target role qualitative risk analysis techniques knowledge
not needed by the target role quantitative risk analysis techniques knowledge
not needed by the target role reinsurance knowledge
not needed by the target role risk financing techniques knowledge
not needed by the target role risk modelling knowledge
not needed by the target role track key performance indicators skill
not needed by the target role types of insurance knowledge

10 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 international commercial transactions rules required
required, not held assessment of risks and threats required
required, not held economics required
required, not held financial analysis required
required, not held financial forecasting required
required, not held financial jurisdiction required
required, not held financial management required
optional, not held information confidentiality optional
optional, not held debt collection techniques optional
optional, not held teamwork principles optional

Index

Other moves recorded from corporate risk manager

Full index of moves from corporate risk manager

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.