Financial Risk Analyst Business & Administration Professionals
SaveWhat Does a {{ profession.preferred_title|title }} Do?
Financial risk analysts correctly identify and review potential risk areas threatening the assets or capital of organisations. They specialise in either credit, market, operational or regulatory risk analysis. They use statistical analysis to evaluate risk, make recommendations to reduce and control risk and review documentation for legal compliance.
Resource recommendations may include affiliate links. Learn more
Where Do I Start?
Risk Management
The process of identifying, assessing, and prioritising of all types of risks and where they could come from, such as natural causes, legal changes, or uncertainty in any given context, and the methods on dealing with risks effectively.
Sign up to trackReady to go deeper? Pick up to 3 skills to focus on from the list below.
These are common skills for this role. Real-world experience matters more than ticking every box — use this as a guide, not a checklist.
Skills You Need to Become a Financial Risk Analyst
Essential Skills
Essential Skills
-
EssentialRisk Management knowledge
The process of identifying, assessing, and prioritising of all types of risks and where they could come from, such as natural causes, legal changes, or uncertainty in any given context, …
Recommended Books
3 booksRisk Assessment and Management: Fundamentals of Effective Risk Management -
EssentialFinancial Management knowledge
The field of finance that concerns the practical process analysis and tools for designating financial resources. It encompasses the structure of businesses, the investment sources, and the value increase of …
Recommended Books
2 books -
EssentialFinancial Analysis knowledge
The process of assessing the financial possibilities, means, and status of an organisation or individual by analysing financial statements and reports in order to make well informed business or financial …
Recommended Books
1 book -
EssentialFinancial Forecasting knowledge
The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.
Recommended Books
1 book
Financial Statement Analysis and Earnings Forecasting -
EssentialAssessment Of Risks And Threats knowledge
The security documentation and any security-related communications and information.
No book recommendations available yet.
-
EssentialRisk Transfer knowledge
The financial techniques aimed at avoiding damaging financially a business and instead, protect it in its operations. It is the operation of transferring liabilities and claims to third parties that …
No book recommendations available yet.
-
EssentialEconomics knowledge
Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
No book recommendations available yet.
-
EssentialFinancial Jurisdiction knowledge
Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction
No book recommendations available yet.
-
EssentialAdvise On Risk Management skill
Provide advice on risk management policies and prevention strategies and their implementation, being aware of different kinds of risks to a specific organisation.
Course recommendations coming soon.
-
EssentialAnalyse Financial Risk skill
Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.
Course recommendations coming soon.
-
EssentialAnalyse Market Financial Trends skill
Monitor and forecast the tendencies of a financial market to move in a particular direction over time.
Course recommendations coming soon.
-
EssentialManage Financial Risk skill
Predict and manage financial risks, and identify procedures to avoid or minimise their impact.
Course recommendations coming soon.
-
EssentialCreate Risk Maps skill
Use data visualisation tools in order to communicate the specific financial risks, their nature and impact for an organisation.
Course recommendations coming soon.
-
EssentialCreate Risk Reports skill
Gather all the information, analyse the variables and create reports where the detected risks of the company or projects are analysed and possible solutions are suggested as counter actions to …
Course recommendations coming soon.
Optional Skills (5 of {{ profession.optional_skills|length }} displayed)
-
OptionalAccounting Techniques knowledge
The techniques of recording and summarising business and financial transactions and analysing, verifying, and reporting the results.
No book recommendations available yet.
-
OptionalInformation Confidentiality knowledge
The mechanisms and regulations which allow for selective access control and guarantee that only authorised parties (people, processes, systems and devices) have access to data, the way to comply with …
No book recommendations available yet.
-
OptionalInternational Commercial Transactions Rules knowledge
Pre-defined commercial terms used in international commercial transactions which stipulate clear tasks, costs and risks associated with the delivery of goods and services.
Recommended Books
1 book{{ skill.books|length|pluralize }} -
OptionalDebt Collection Techniques knowledge
The techniques and principles used to collect overdue debt from customers.
No book recommendations available yet.
-
OptionalBusiness Management Principles knowledge
Principles governing business management methods such as strategy planning, methods of efficient production, people and resources coordination.
Recommended Books
1 book{{ skill.books|length|pluralize }} -
OptionalLegal Research knowledge
The methods and procedures of research in legal matters, such as the regulations, and different approaches to analyses and source gathering, and the knowledge on how to adapt the research …
Recommended Books
1 book{{ skill.books|length|pluralize }} -
OptionalPrinciples Of Insurance knowledge
Understand the principles of insurance, including third party liability, stock and facilities.
No book recommendations available yet.
-
OptionalSecurities knowledge
The financial instruments traded in financial markets representing both the right of property over the owner and at the same time, the obligation of payment over the issuer. The aim …
No book recommendations available yet.
-
OptionalTeamwork Principles knowledge
The cooperation between people characterised by a unified commitment to achieving a given goal, participating equally, maintaining open communication, facilitating effective usage of ideas etc.
No book recommendations available yet.
-
OptionalAdvise On Tax Planning skill
Advise on appropriate strategies to include taxes in the overall financial plan in order to reduce the tax load. Advise on questions related to tax legislation and provide advise on …
Course recommendations coming soon.
-
OptionalAnalyse Economic Trends skill
Analyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context.
Course recommendations coming soon.
-
OptionalAnalyse Financial Performance Of A Company skill
Based on accounts, records, financial statements and external information of the market, analyse the performance of the company in financial matters in order to identify improvement actions that could increase …
Course recommendations coming soon.
-
OptionalAnalyse Insurance Risk skill
Analyse the probability and size of the risk that is to be insured, and estimate the value of movable or immovable property of the client.
Course recommendations coming soon.
-
OptionalApply Credit Risk Policy skill
Implement company policies and procedures in the credit risk management process. Permanently keep company's credit risk at a manageable level and take measures to avoid credit failure.
Course recommendations coming soon.
-
OptionalApply Information Security Policies skill
Implement policies, methods and regulations for data and information security in order to respect confidentiality, integrity and availability principles.
Course recommendations coming soon.
-
OptionalApply Statistical Analysis Techniques skill
Use models (descriptive or inferential statistics) and techniques (data mining or machine learning) for statistical analysis and ICT tools to analyse data, uncover correlations and forecast trends.
Course recommendations coming soon.
-
OptionalAssess Risk Factors skill
Determine the influence of economical, political and cultural risk factors and additional issues.
Course recommendations coming soon.
-
OptionalAssess Risks Of Clients' Assets skill
Identify, evaluate and determine the actual and potential risks of your clients' assets, considering confidentiality standards.
Course recommendations coming soon.
-
OptionalCarry Out Statistical Forecasts skill
Undertake a systematic statistical examination of data representing past observed behaviour of the system to be forecast, including observations of useful predictors outside the system.
Course recommendations coming soon.
-
OptionalControl Financial Resources skill
Monitor and control budgets and financial resources providing capable stewardship in company management.
Course recommendations coming soon.
-
OptionalCreate A Financial Plan skill
Develop a financial plan according to financial and client regulations, including an investor profile, financial advice, and negotiation and transaction plans.
Course recommendations coming soon.
-
OptionalCreate Solutions To Problems skill
Solve problems which arise in planning, prioritising, organising, directing/facilitating action and evaluating performance. Use systematic processes of collecting, analysing, and synthesising information to evaluate current practice and generate new understandings …
Course recommendations coming soon.
-
OptionalDeliver Visual Presentation Of Data skill
Create visual representations of data such as charts or diagrams for easier understanding.
Course recommendations coming soon.
-
OptionalDisseminate Information On Tax Legislation skill
Provide advise on the possible implications for companies or individuals on decisions regarding tax declaration based on tax legislation. Advise on the favourable tax strategies that could be followed depending …
Course recommendations coming soon.
-
OptionalExamine Credit Ratings skill
Investigate and look for information on the creditworthiness of companies and corporations, provided by credit rating agencies in order to determine the likelihood of default by the debtor.
Course recommendations coming soon.
-
OptionalHave Computer Literacy skill
Utilise computers, IT equipment and modern day technology in an efficient way.
Course recommendations coming soon.
-
OptionalInspect Data skill
Analyse, transform and model data in order to discover useful information and to support decision-making.
Course recommendations coming soon.
-
OptionalInterpret Financial Statements skill
Read, understand, and interpret the key lines and indicators in financial statements. Extract the most important information from financial statements depending on the needs and integrate this information in the …
Course recommendations coming soon.
-
OptionalMaintain Financial Records skill
Keep track of and finalise all formal documents representing the financial transactions of a business or project.
Course recommendations coming soon.
-
OptionalNegotiate Sales Contracts skill
Come to an agreement between commercial partners with a focus on terms and conditions, specifications, delivery time, price etc.
Course recommendations coming soon.
-
OptionalPerform Data Analysis skill
Collect data and statistics to test and evaluate in order to generate assertions and pattern predictions, with the aim of discovering useful information in a decision-making process.
Course recommendations coming soon.
-
OptionalPrepare Financial Statements skill
Collect, entry, and prepare the set of financial records disclosing the financial position of a company at the end of a certain period or accounting year. The financial statements consisting …
Course recommendations coming soon.
-
OptionalProduce Statistical Financial Records skill
Review and analyse individual and company financial data in order to produce statistical reports or records.
Course recommendations coming soon.
-
OptionalProvide Support In Financial Calculation skill
Provide colleagues, clients or other parties with financial support for complex files or calculations.
Course recommendations coming soon.
-
OptionalShow Diplomacy skill
Deal with people in a sensitive and tactful way.
Course recommendations coming soon.
-
OptionalSpeak Different Languages skill
Master foreign languages to be able to communicate in one or more foreign languages.
Course recommendations coming soon.
-
OptionalWrite Work-Related Reports skill
Compose work-related reports that support effective relationship management and a high standard of documentation and record keeping. Write and present results and conclusions in a clear and intelligible way so …
Course recommendations coming soon.
-
OptionalAnalyse The Credit History Of Potential Customers skill
Analyse the payment capacity and credit history of potential customers or business partners.
Course recommendations coming soon.
-
OptionalApply Credit Stress Testing Methodologies skill
Use several approaches and credit stress test methodologies. Determine and analyse which reactions to different financial situations or sudden changes can have an impact on the whole economy.
Course recommendations coming soon.
-
OptionalAssess Mortgage Risk skill
Assess whether the borrowers of a mortgage loan are likely to pay back the loans in a timely manner, and whether the property fixed in the mortgage is able to …
Course recommendations coming soon.
-
OptionalCompile Statistical Data For Insurance Purposes skill
Produce statistics on potential risks such as natural and technical disasters and production downtimes.
Course recommendations coming soon.
-
OptionalDevelop Models skill
Develop simplified descriptions, mainly mathematical descriptions of processes or systems, in order to assist calculations and predictions.
Course recommendations coming soon.
-
OptionalEnforce Customer's Debt Repayment skill
Monitor customers to pay all debts and amounts due; negotiate return of merchandise.
Course recommendations coming soon.
-
OptionalManage Currency Exchange Risk Mitigation Techniques skill
Evaluate foreign currency and assess conversion risks; implement risk mitigation strategies and techniques to protect against fluctuation.
Course recommendations coming soon.
-
OptionalOptimise Financial Performance skill
Direct and coordinate the organisation's financial operations and budget activities, in order to optimise financial performance.
Course recommendations coming soon.
-
OptionalPrepare Credit Reports skill
Prepare reports which outline an organisation's likelihood of being able to repay debts and do so in a timely manner, meeting all the legal requirements linked to the agreement.
Course recommendations coming soon.
-
OptionalPrevent Fraudulent Activities skill
Identify and prevent suspicious merchant activity or fraudulent behaviour.
Course recommendations coming soon.