Financial risk manager to credit risk analyst
A financial risk manager already meets 75% of what the credit risk analyst role asks for. The move turns on 6 required skills not yet in the profile.
31.7/ 100
1 How much of what a credit risk analyst 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 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 24 of its required skills as things a financial risk manager already does. You would walk in with these on day one.
- advise on risk management
- analyse financial risk
- analyse market financial trends
- apply credit risk policy
- apply credit stress testing methodologies
- apply statistical analysis techniques
What stands in the way is 6 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 27 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 financial risk manager background worth leading with.
- 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 24 the credit risk analyst role treats as required.
Table 3 · What you may need to learn
The 13 missing skills fall into 7 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 international commercial transactions rules required
- still to learn financial jurisdiction required
- optional, not held debt collection techniques optional
- still to learn analyse the credit history of potential customers required
- still to learn inspect data required
- optional, not held enforce customer's debt repayment optional
- still to learn write work-related reports required
- optional, not held show diplomacy optional
- optional, not held speak different languages optional
- still to learn have computer literacy required
- optional, not held apply information security policies optional
- optional, not held teamwork principles optional
1 further area 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 international commercial transactions rules study this
- 02 analyse the credit history of potential customers practise this
- 03 financial jurisdiction study this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 27 skills that carry over
- 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 apply credit stress testing methodologies skill
- already held apply statistical analysis techniques skill
- already held assess risk factors skill
- already held assessment of risks and threats knowledge
- already held carry out statistical forecasts skill
- already held create risk maps skill
- already held create risk reports skill
- already held deliver visual presentation of data skill
- already held economics knowledge
- already held financial analysis knowledge
- already held financial forecasting knowledge
- already held financial management knowledge
- already held manage currency exchange risk mitigation techniques skill
- already held manage financial risk skill
- already held negotiate sales contracts skill
- already held prevent fraudulent activities skill
- already held produce statistical financial records skill
- already held risk identification knowledge
- already held risk management knowledge
- already held risk transfer knowledge
- already held Monte Carlo simulation knowledge
- already held create solutions to problems skill
- already held perform data analysis skill
The 1 learning area not shown above
- optional, not held information confidentiality optional
7 supplementary skills, helpful but not required
- optional, not held apply information security policies optional
- optional, not held information confidentiality optional
- optional, not held debt collection techniques optional
- optional, not held enforce customer's debt repayment optional
- optional, not held show diplomacy optional
- optional, not held speak different languages optional
- optional, not held teamwork principles optional
37 held skills the credit risk analyst role does not ask for
- not needed by the target role accounting department processes knowledge
- not needed by the target role advise on financial matters skill
- 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 financial performance of a company skill
- not needed by the target role analyse internal factors of companies skill
- not needed by the target role assess risks of clients' assets skill
- not needed by the target role banking activities knowledge
- not needed by the target role calculate dividends 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 a financial plan 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 enforce financial policies skill
- 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 products knowledge
- not needed by the target role financial statements knowledge
- not needed by the target role follow company standards skill
- 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 interpret financial statements skill
- not needed by the target role liaise with managers skill
- 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 management consulting knowledge
- 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 provide support in financial calculation skill
- not needed by the target role risk financing techniques knowledge
- not needed by the target role securities knowledge
- not needed by the target role strive for company growth skill
- not needed by the target role tax legislation knowledge
- not needed by the target role treasury management system knowledge
5 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 financial jurisdiction required
- optional, not held information confidentiality optional
- optional, not held debt collection techniques optional
- optional, not held teamwork principles optional
Other moves recorded from financial risk manager
Common questions about this move
Can a financial risk manager become a credit risk analyst?
Yes, and it is a moderate move. A financial risk manager already covers 75% of what a credit risk analyst is expected to do: 27 skills carry over, 24 of which the credit risk analyst role treats as required.
What skills does a financial risk manager need to become a credit risk analyst?
6 required skills are missing, plus 7 optional ones. They fall into 7 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is international commercial transactions rules.
How hard is the move from financial risk manager to credit risk analyst?
Its learning distance is 31.7 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.