Corporate risk manager to credit 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.
81.1/ 100
1 How much of what a credit risk analyst is expected to do is already part of a corporate risk manager’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the credit risk analyst role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A credit risk analyst role treats 6 of its required skills as things a corporate risk manager already does. You would walk in with these on day one.
- 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 · 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.
- 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 · What you may need to learn
The 33 missing skills fall into 9 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn create risk maps required
- still to learn analyse financial risk required
- still to learn analyse market financial trends required
- still to learn analyse the credit history of potential customers required
- still to learn apply credit stress testing methodologies required
- still to learn apply statistical analysis techniques required
- still to learn carry out statistical forecasts required
- still to learn inspect data required
- still to learn manage currency exchange risk mitigation techniques required
- still to learn manage financial risk required
- still to learn produce statistical financial records required
- optional, not held enforce customer's debt repayment optional
- still to learn international commercial transactions rules required
- still to learn financial analysis required
- still to learn financial forecasting required
- still to learn financial jurisdiction required
- still to learn financial management required
- optional, not held debt collection techniques optional
- still to learn negotiate sales contracts required
- still to learn deliver visual presentation of data required
- still to learn 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
- still to learn apply credit risk policy required
- optional, not held apply information security policies optional
- still to learn assessment of risks and threats required
- optional, not held information confidentiality optional
- still to learn have computer literacy required
- optional, not held perform data analysis optional
3 further areas in the appendix
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.
- 01 create risk maps practise this
- 02 international commercial transactions rules study this
- 03 negotiate sales contracts practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 7 skills that carry over
- 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
- still to learn prevent fraudulent activities required
- still to learn economics required
- optional, not held teamwork principles optional
9 supplementary skills, helpful but not required
- 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
- 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.
- still to learn international commercial transactions rules required
- still to learn assessment of risks and threats required
- still to learn economics required
- still to learn financial analysis required
- still to learn financial forecasting required
- still to learn financial jurisdiction required
- still to learn financial management required
- optional, not held information confidentiality optional
- optional, not held debt collection techniques optional
- optional, not held teamwork principles optional
Common questions about this move
Can a corporate risk manager become a credit risk analyst?
Yes, and it is a career change move. A corporate risk manager already covers 19% of what a credit risk analyst is expected to do: 7 skills carry over, 6 of which the credit risk analyst role treats as required.
What skills does a corporate risk manager need to become a credit risk analyst?
24 required skills are missing, plus 9 optional ones. They fall into 9 areas of the ESCO skill hierarchy, led by information skills. The single most important is create risk maps.
How hard is the move from corporate risk manager to credit risk analyst?
Its learning distance is 81.1 out of 100, which is the career change band. That accounts for both how much is missing and how specialised those skills are.
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.