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financial-risk-manager/SKILL.md
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name, description
name description
financial-risk-manager Occupational skill for the role 'financial risk manager' (also: budget and debt advisor, financial risk department manager, bank risk manager). Use when the user asks for typical financial risk manager work such as: Analyze areas of potential risk to the assets, earning capacity, or success of organizations.; Analyze new legislation to determine impact on risk exposure.; Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.

Financial Risk Manager

Financial risk managers identify and assess potential risk areas threatening the assets or capital of organisations and give advice on how to deal with them. They specialise in either credit, market, operational or regulatory risk analysis. They use statistical analysis to evaluate risk, make recommendations to reduce and control financial risk and review documentation for legal compliance.

Core workflow

  1. Analyze areas of potential risk to the assets, earning capacity, or success of organizations.
  2. Analyze new legislation to determine impact on risk exposure.
  3. Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
  4. Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
  5. Consult financial literature to ensure use of the latest models or statistical techniques.
  6. Contribute to development of risk management systems.
  7. Determine potential environmental impacts of new products or processes on long-term growth and profitability.
  8. Develop contingency plans to deal with emergencies.

How to use this skill

Key competences (essential)

  • advise on financial matters
  • advise on risk management
  • advise on tax policy
  • analyse external factors of companies
  • analyse financial risk
  • analyse internal factors of companies
  • analyse market financial trends
  • apply credit risk policy
  • assess risk factors
  • assessment of risks and threats
  • collect financial data
  • create a financial plan
  • create risk maps
  • create risk reports
  • digital data processing

Hot technologies

  • Intuit QuickBooks
  • IBM SPSS Statistics
  • SAS
  • TensorFlow
  • The MathWorks MATLAB
  • Microsoft Power BI
  • Tableau
  • Atlassian JIRA
  • Salesforce software
  • Apache Hive

Sources: ESCO v1.2.1 (http://data.europa.eu/esco/occupation/7a6ca615-a2bc-499d-8288-d186ce2594ea), ONET 30.3 (13-2054.00). See manifest.json for licensing/attribution.*