Financial risk manager to asset manager
A financial risk manager already meets 50% of what the asset manager role asks for. The move turns on 10 required skills not yet in the profile.
54.3/ 100
1 How much of what an asset manager is expected to do is already part of a financial 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 asset manager role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
An asset manager role treats 12 of its required skills as things a financial risk manager already does. You would walk in with these on day one.
- advise on financial matters
- advise on risk management
- analyse financial performance of a company
- analyse financial risk
- analyse market financial trends
- enforce financial policies
What stands in the way is 10 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 18 skills that carry over, these are the ones fewest other occupations ask for. An asset manager role needs them, and most people applying for one will not have them already. This is the part of a financial risk manager background worth leading with.
- already held apply credit risk policy assisting and caring
- already held enforce financial policies management skills
- already held provide support in financial calculation information skills
- already held advise on risk management information skills
- already held financial analysis business, administration and law
- already held securities business, administration and law
All 18 carried skills, including the 12 the asset manager role treats as required.
Table 3 · What you may need to learn
The 22 missing skills fall into 5 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 corporate social responsibility required
- still to learn asset management required
- still to learn financial markets required
- still to learn modern portfolio theory required
- optional, not held credit control processes optional
- optional, not held funding methods optional
- still to learn perform asset recognition required
- still to learn develop investment portfolio required
- still to learn handle financial transactions required
- optional, not held exert expenditure control optional
- optional, not held plan health and safety procedures optional
- still to learn review investment portfolios required
- optional, not held negotiate on asset value optional
- optional, not held review closing procedures optional
- optional, not held apply technical communication skills optional
- optional, not held handle financial disputes optional
- optional, not held identify clients' needs optional
- optional, not held negotiate loan agreements optional
- still to learn examine credit ratings required
- optional, not held consult credit score optional
- optional, not held obtain financial information optional
- still to learn actuarial science required
Table 4 · Where to start
The 3 entries an asset manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 actuarial science study this
- 02 corporate social responsibility study this
- 03 perform asset recognition 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 18 skills that carry over
- already held advise on financial matters skill
- already held advise on risk management skill
- already held analyse financial performance of a company skill
- already held analyse financial risk skill
- already held analyse market financial trends skill
- already held enforce financial policies skill
- already held financial analysis knowledge
- already held financial statements knowledge
- already held follow company standards skill
- already held liaise with managers skill
- already held manage financial risk skill
- already held strive for company growth skill
- already held apply credit risk policy skill
- already held create a financial plan skill
- already held financial management knowledge
- already held interpret financial statements skill
- already held provide support in financial calculation skill
- already held securities knowledge
12 supplementary skills, helpful but not required
- optional, not held consult credit score optional
- optional, not held negotiate on asset value optional
- optional, not held review closing procedures optional
- optional, not held apply technical communication skills optional
- optional, not held credit control processes optional
- optional, not held exert expenditure control optional
- optional, not held funding methods optional
- optional, not held handle financial disputes optional
- optional, not held identify clients' needs optional
- optional, not held negotiate loan agreements optional
- optional, not held obtain financial information optional
- optional, not held plan health and safety procedures optional
46 held skills the asset manager role does not ask for
- not needed by the target role Monte Carlo simulation knowledge
- not needed by the target role accounting department processes knowledge
- not needed by the target role advise on tax policy skill
- not needed by the target role analyse economic trends skill
- not needed by the target role analyse external factors of companies skill
- not needed by the target role analyse internal factors of companies skill
- not needed by the target role apply credit stress testing methodologies skill
- not needed by the target role apply statistical analysis techniques skill
- not needed by the target role assess risk factors skill
- not needed by the target role assess risks of clients' assets skill
- not needed by the target role assessment of risks and threats knowledge
- not needed by the target role banking activities knowledge
- not needed by the target role calculate dividends skill
- not needed by the target role carry out statistical forecasts skill
- not needed by the target role collect financial data skill
- not needed by the target role control financial resources skill
- not needed by the target role create risk maps skill
- not needed by the target role create risk reports skill
- not needed by the target role create solutions to problems skill
- not needed by the target role deliver visual presentation of data skill
- not needed by the target role develop predictive models skill
- not needed by the target role digital data processing skill
- not needed by the target role disseminate information on tax legislation skill
- not needed by the target role economics knowledge
- not needed by the target role estimate profitability skill
- not needed by the target role financial department processes knowledge
- not needed by the target role financial forecasting knowledge
- not needed by the target role financial products knowledge
- not needed by the target role integrate strategic foundation in daily performance skill
- not needed by the target role international financial reporting standards knowledge
- not needed by the target role maintain financial records skill
- not needed by the target role make strategic business decisions skill
- not needed by the target role manage currency exchange risk mitigation techniques skill
- not needed by the target role management consulting knowledge
- not needed by the target role negotiate sales contracts skill
- not needed by the target role perform data analysis skill
- not needed by the target role prepare credit reports skill
- not needed by the target role prepare financial statements skill
- not needed by the target role prevent fraudulent activities skill
- not needed by the target role produce statistical financial records skill
6 further entries not listed here
7 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 actuarial science required
- still to learn corporate social responsibility required
- still to learn asset management required
- still to learn financial markets required
- still to learn modern portfolio theory required
- optional, not held credit control processes optional
- optional, not held funding methods optional
Other moves recorded from financial risk manager
Common questions about this move
Can a financial risk manager become an asset manager?
Yes, and it is a moderate move. A financial risk manager already covers 50% of what an asset manager is expected to do: 18 skills carry over, 12 of which the asset manager role treats as required.
What skills does a financial risk manager need to become an asset manager?
10 required skills are missing, plus 12 optional ones. They fall into 5 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is actuarial science.
How hard is the move from financial risk manager to asset manager?
Its learning distance is 54.3 out of 100, which is the moderate 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.