Corporate risk manager to financial risk manager

• already held advise on risk management skill
• already held analyse external factors of companies skill
• already held analyse internal factors of companies skill
• already held assess risk factors skill
• already held create risk reports skill
• already held follow company standards skill
• already held liaise with managers skill
• already held make strategic business decisions skill
• already held risk identification knowledge
• already held risk management knowledge
• already held risk transfer knowledge
• already held Monte Carlo simulation knowledge
• already held accounting department processes knowledge
• already held financial products knowledge
• already held international financial reporting standards knowledge
• already held risk financing techniques knowledge

• optional, not held develop predictive models optional
• optional, not held financial department processes optional
• optional, not held negotiate sales contracts optional
• optional, not held prepare credit reports optional
• optional, not held treasury management system optional
• optional, not held analyse economic trends optional
• optional, not held analyse financial performance of a company optional
• optional, not held apply credit stress testing methodologies optional
• optional, not held apply statistical analysis techniques optional
• optional, not held assess risks of clients' assets optional
• optional, not held banking activities optional
• optional, not held calculate dividends optional
• optional, not held carry out statistical forecasts optional
• optional, not held control financial resources optional
• optional, not held create solutions to problems optional
• optional, not held deliver visual presentation of data optional
• optional, not held disseminate information on tax legislation optional
• optional, not held maintain financial records optional
• optional, not held manage currency exchange risk mitigation techniques optional
• optional, not held perform data analysis optional
• optional, not held prepare financial statements optional
• optional, not held prevent fraudulent activities optional
• optional, not held produce statistical financial records optional
• optional, not held provide support in financial calculation optional

• not needed by the target role ICT network security risks 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 insurance needs 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 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 keep updated on the political landscape skill
• not needed by the target role key risk indicators knowledge
• 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 modelling knowledge
• not needed by the target role track key performance indicators skill
• not needed by the target role types of insurance knowledge

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

• still to learn management consulting 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 management required
• still to learn financial statements required
• still to learn securities required
• still to learn tax legislation required
• optional, not held financial department processes optional
• optional, not held treasury management system optional
• optional, not held banking activities optional

Yes, and it is a career change move. A corporate risk manager already covers 28% of what a financial risk manager is expected to do: 16 skills carry over, 11 of which the financial risk manager role treats as required.

24 required skills are missing, plus 24 optional ones. They fall into 8 areas of the ESCO skill hierarchy, led by information skills. The single most important is create risk maps.

Its learning distance is 77.8 out of 100, which is the career change band. That accounts for both how much is missing and how specialised those skills are.