financial-risk-manager/references/tasks.md

Tasks & work activities — financial risk manager

Source: O*NET 30.3, occupation 13-2054.00 (Financial Risk Specialists).

Task statements

• [nan] Analyze areas of potential risk to the assets, earning capacity, or success of organizations.
• [nan] Analyze new legislation to determine impact on risk exposure.
• [nan] Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
• [nan] Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
• [nan] Consult financial literature to ensure use of the latest models or statistical techniques.
• [nan] Contribute to development of risk management systems.
• [nan] Determine potential environmental impacts of new products or processes on long-term growth and profitability.
• [nan] Develop contingency plans to deal with emergencies.
• [nan] Develop or implement risk-assessment models or methodologies.
• [nan] Devise scenario analyses reflecting possible severe market events.
• [nan] Devise systems or processes to monitor validity of risk assessments.
• [nan] Document, and ensure communication of, key risks.
• [nan] Draw charts and graphs, using computer spreadsheets, to illustrate technical reports.
• [nan] Evaluate and compare the relative quality of various securities in a given industry.
• [nan] Evaluate the risks and benefits involved in implementing green building technologies.
• [nan] Evaluate the risks related to green investments, such as renewable energy company stocks.
• [nan] Gather risk-related data from internal or external resources.
• [nan] Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
• [nan] Inform financial decisions by analyzing financial information to forecast business, industry, or economic conditions.
• [nan] Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.
• [nan] Maintain input or data quality of risk management systems.
• [nan] Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
• [nan] Monitor developments in the fields of industrial technology, business, finance, and economic theory.
• [nan] Prepare plans of action for investment, using financial analyses.
• [nan] Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
• [nan] Provide statistical modeling advice to other departments.
• [nan] Recommend investments and investment timing to companies, investment firm staff, or the public.
• [nan] Recommend ways to control or reduce risk.
• [nan] Review or draft risk disclosures for offer documents.
• [nan] Track, measure, or report on aspects of market risk for traded issues.

Detailed work activities

• Advise others on analytical techniques.
• Advise others on business or operational matters.
• Analyze business or financial data.
• Analyze industry trends.
• Analyze risks related to investments in green technology.
• Apply mathematical models of financial or business conditions.
• Assess risks to business operations.
• Confer with others about financial matters.
• Create images of data, locations, or products.
• Determine the value of goods or services.
• Develop business or financial information systems.
• Develop contingency plans to deal with organizational emergencies.
• Develop financial analysis methods.
• Develop financial or business plans.
• Educate clients on financial planning topics.
• Evaluate applicable laws and regulations to determine impact on organizational activities.
• Gather organizational performance information.
• Maintain data in information systems or databases.
• Monitor business indicators.
• Prepare financial documents, reports, or budgets.
• Prepare regulatory or compliance documentation.
• Present business-related information to audiences.
• Recommend investments to clients.
• Update professional knowledge.