Table 1Transition record

credit risk analysttofinancial risk manager

A credit risk analyst already meets 44% of what the financial risk manager role asks for. The move turns on 19 required skills not yet in the profile.

From credit risk analyst

44%

Overlap1

To financial risk manager

27 Skills carried over

19 Required, not held

65.5 Difficulty2

Career overlap Partial match

44%

Learning distance Substantial retraining

65.5/ 100

adjacentmoderatesubstantialcareer change

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

Why

Why this move works

A financial risk manager role treats 16 of its required skills as things a credit risk analyst already does. These are the ones it depends on most.

advise on risk management
analyse financial risk
analyse market financial trends
apply credit risk policy
assess risk factors
assessment of risks and threats

What stands in the way is 19 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 27 skills that carry over, these are the ones fewest other occupations ask for. A financial risk manager role needs them, and most people applying for one will not have them already. This is the part of a credit risk analyst background worth leading with.

Skill the target role also needs Area

already held apply credit stress testing methodologies information skills
already held create risk maps information skills
already held manage currency exchange risk mitigation techniques information skills
already held prevent fraudulent activities management skills
already held create risk reports information skills
already held risk transfer business, administration and law

All 27 carried skills, including the 16 the financial risk manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 37 missing skills fall into 6 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 5 required, 9 supplementary

required, not held analyse external factors of companies required
required, not held analyse internal factors of companies required
required, not held collect financial data required
required, not held estimate profitability required
required, not held interpret financial statements required

optional, not held develop predictive models optional
optional, not held prepare credit reports optional
optional, not held analyse economic trends optional
optional, not held analyse financial performance of a company optional
optional, not held assess risks of clients' assets optional
optional, not held calculate dividends optional
optional, not held maintain financial records optional
optional, not held prepare financial statements optional
optional, not held provide support in financial calculation optional

02 management skills 5 required, 1 supplementary

required, not held create a financial plan required
required, not held enforce financial policies required
required, not held integrate strategic foundation in daily performance required
required, not held make strategic business decisions required
required, not held strive for company growth required

optional, not held control financial resources optional

03 business, administration and law 4 required, 7 supplementary

required, not held management consulting required
required, not held financial statements required
required, not held securities required
required, not held tax legislation required

optional, not held accounting department processes optional
optional, not held financial department processes optional
optional, not held risk financing techniques optional
optional, not held treasury management system optional
optional, not held banking activities optional
optional, not held financial products optional
optional, not held international financial reporting standards optional

04 communication, collaboration and creativity 3 required, 1 supplementary

required, not held advise on financial matters required
required, not held advise on tax policy required
required, not held liaise with managers required

optional, not held disseminate information on tax legislation optional

05 assisting and caring 1 required

required, not held follow company standards required

06 working with computers 1 required

required, not held digital data processing required

Table 4

Table 4 · Where to start

The 3 entries a financial 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 27 skills that carry over

Skill Type

already held advise on risk management skill
already held analyse financial risk skill
already held analyse market financial trends skill
already held apply credit risk policy skill
already held assess risk factors skill
already held assessment of risks and threats knowledge
already held create risk maps skill
already held create risk reports skill
already held economics knowledge
already held financial analysis knowledge
already held financial forecasting knowledge
already held financial management knowledge
already held manage financial risk skill
already held risk identification knowledge
already held risk management knowledge
already held risk transfer knowledge
already held Monte Carlo simulation knowledge
already held apply credit stress testing methodologies skill
already held apply statistical analysis techniques skill
already held carry out statistical forecasts skill
already held create solutions to problems skill
already held deliver visual presentation of data skill
already held manage currency exchange risk mitigation techniques skill
already held negotiate sales contracts skill
already held perform data analysis skill
already held prevent fraudulent activities skill
already held produce statistical financial records skill

18 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held develop predictive models optional
optional, not held accounting department processes optional
optional, not held financial department processes optional
optional, not held prepare credit reports optional
optional, not held risk financing techniques 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 assess risks of clients' assets optional
optional, not held banking activities optional
optional, not held calculate dividends optional
optional, not held control financial resources optional
optional, not held disseminate information on tax legislation optional
optional, not held financial products optional
optional, not held international financial reporting standards optional
optional, not held maintain financial records optional
optional, not held prepare financial statements optional
optional, not held provide support in financial calculation optional

13 held skills the financial risk manager role does not ask for

Skill Type

not needed by the target role analyse the credit history of potential customers skill
not needed by the target role apply information security policies skill
not needed by the target role debt collection techniques knowledge
not needed by the target role enforce customer's debt repayment skill
not needed by the target role financial jurisdiction knowledge
not needed by the target role have computer literacy skill
not needed by the target role information confidentiality knowledge
not needed by the target role inspect data skill
not needed by the target role international commercial transactions rules knowledge
not needed by the target role show diplomacy skill
not needed by the target role speak different languages skill
not needed by the target role teamwork principles knowledge
not needed by the target role write work-related reports skill

11 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 management consulting required
required, not held financial statements required
required, not held securities required
required, not held tax legislation required
optional, not held accounting department processes optional
optional, not held financial department processes optional
optional, not held risk financing techniques optional
optional, not held treasury management system optional
optional, not held banking activities optional
optional, not held financial products optional
optional, not held international financial reporting standards optional

Index

Other moves recorded from credit risk analyst

Full index of moves from credit risk 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.