Career Overlap Transition record Edition 1 · ESCO v1.2.1
Table 1Transition record

business analysttocorporate risk manager

A business analyst already meets 22% of what the corporate risk manager role asks for. The move turns on 20 required skills not yet in the profile.

From business analyst
22%
Overlap1
To corporate risk manager
8 Skills carried over
20 Required, not held
81.4 Difficulty2
adjacent 0–30
moderate 30–55
substantial 55–75
career change 75–100
this move, 81.4

This move: 81.4 of 100 · career change

1 Share of the corporate risk manager role’s weighted skill requirement already met by the business analyst profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 8 skills that carry over, these are the ones fewest other occupations ask for. A corporate risk manager role needs them, and most people applying for one will not have them already. This is the part of a business analyst background worth leading with.

Skill the target role also needs Area
  • already held keep updated on the political landscape information skills
  • already held analyse external factors of companies information skills
  • already held analyse internal factors of companies information skills
  • already held align efforts towards business development communication, collaboration and creativity
  • already held advise on risk management information skills
  • already held make strategic business decisions management skills

All 8 carried skills, including the 7 the corporate risk manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 39 missing skills fall into 7 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier
01 business, administration and law 11 required, 7 supplementary
  • required, not held corporate social responsibility required
  • required, not held corporate sustainability required
  • required, not held enterprise risk management required
  • required, not held key risk indicators required
  • required, not held qualitative risk analysis techniques required
  • required, not held quantitative risk analysis techniques required
  • required, not held risk financing techniques required
  • required, not held internal auditing required
  • required, not held risk identification required
  • required, not held risk transfer required
  • required, not held types of insurance required
  • optional, not held risk modelling optional
  • optional, not held accounting department processes optional
  • optional, not held reinsurance optional
  • optional, not held financial products optional
  • optional, not held insurance law optional
  • optional, not held international financial reporting standards optional
  • optional, not held national generally accepted accounting principles optional
02 information skills 5 required, 8 supplementary
  • required, not held define risk policies required
  • required, not held address identified risks required
  • required, not held estimate impact of risks required
  • required, not held assess risk factors required
  • required, not held forecast organisational risks required
  • optional, not held assess supplier risks optional
  • optional, not held identify if a company is a going concern optional
  • optional, not held assess financial viability optional
  • optional, not held assess reliability of data optional
  • optional, not held compile appraisal reports optional
  • optional, not held create risk reports optional
  • optional, not held manage commercial risks optional
  • optional, not held track key performance indicators optional
03 assisting and caring 2 required
  • required, not held comply with legal regulations required
  • required, not held follow company standards required
04 communication, collaboration and creativity 1 required, 1 supplementary
  • required, not held implement corporate governance required
  • optional, not held analyse insurance needs optional
05 management skills 1 required, 1 supplementary
  • required, not held apply crisis management required
  • optional, not held develop company strategies optional
06 information and communication technologies (icts) 1 supplementary
  • optional, not held ICT network security risks optional

1 further area in the appendix

Table 4

Table 4 · Where to start

The 3 entries a corporate risk manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 8 skills that carry over
Skill Type
  • already held advise on risk management skill
  • already held align efforts towards business development skill
  • already held analyse external factors of companies skill
  • already held analyse internal factors of companies skill
  • already held liaise with managers skill
  • already held make strategic business decisions skill
  • already held risk management knowledge
  • already held keep updated on the political landscape skill
The 1 learning area not shown above
Skill to acquire Tier
07 natural sciences, mathematics and statistics 1 supplementary
  • optional, not held Monte Carlo simulation optional
19 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held risk modelling optional
  • optional, not held ICT network security risks optional
  • optional, not held accounting department processes optional
  • optional, not held assess supplier risks optional
  • optional, not held identify if a company is a going concern optional
  • optional, not held reinsurance optional
  • optional, not held Monte Carlo simulation optional
  • optional, not held analyse insurance needs optional
  • optional, not held assess financial viability optional
  • optional, not held assess reliability of data optional
  • optional, not held compile appraisal reports optional
  • optional, not held create risk reports optional
  • optional, not held develop company strategies optional
  • optional, not held financial products optional
  • optional, not held insurance law optional
  • optional, not held international financial reporting standards optional
  • optional, not held manage commercial risks optional
  • optional, not held national generally accepted accounting principles optional
  • optional, not held track key performance indicators optional
45 held skills the corporate risk manager role does not ask for
Skill Type
  • not needed by the target role advise client on technical possibilities skill
  • not needed by the target role advise on communication strategies skill
  • not needed by the target role advise on efficiency improvements skill
  • not needed by the target role advise on financial matters skill
  • not needed by the target role advise on organisational culture skill
  • not needed by the target role advise on personnel management skill
  • not needed by the target role analyse business plans skill
  • not needed by the target role analyse financial performance of a company skill
  • not needed by the target role apply change management skill
  • not needed by the target role build business relationships skill
  • not needed by the target role business analysis knowledge
  • not needed by the target role business analytics knowledge
  • not needed by the target role business communication knowledge
  • not needed by the target role business intelligence knowledge
  • not needed by the target role business law knowledge
  • not needed by the target role business process modelling knowledge
  • not needed by the target role business strategy concepts knowledge
  • not needed by the target role conduct qualitative research skill
  • not needed by the target role conduct quantitative research skill
  • not needed by the target role corporate law knowledge
  • not needed by the target role data visualisation software knowledge
  • not needed by the target role define organisational standards skill
  • not needed by the target role digital data processing skill
  • not needed by the target role financial statements knowledge
  • not needed by the target role identify undetected organisational needs skill
  • not needed by the target role interpret financial statements skill
  • not needed by the target role interview people skill
  • not needed by the target role investment banking knowledge
  • not needed by the target role management consulting knowledge
  • not needed by the target role management systems standards knowledge
  • not needed by the target role market entry strategies knowledge
  • not needed by the target role market research knowledge
  • not needed by the target role marketing analytics knowledge
  • not needed by the target role organisational learning knowledge
  • not needed by the target role organisational policies knowledge
  • not needed by the target role perform business analysis skill
  • not needed by the target role propose ICT solutions to business problems skill
  • not needed by the target role quality standards knowledge
  • not needed by the target role report analysis results skill
  • not needed by the target role scientific research methodology knowledge

5 further entries not listed here

20 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier
  • required, not held corporate social responsibility required
  • required, not held corporate sustainability required
  • required, not held enterprise risk management required
  • required, not held key risk indicators required
  • required, not held qualitative risk analysis techniques required
  • required, not held quantitative risk analysis techniques required
  • required, not held risk financing techniques required
  • required, not held internal auditing required
  • required, not held risk identification required
  • required, not held risk transfer required
  • required, not held types of insurance required
  • optional, not held risk modelling optional
  • optional, not held ICT network security risks optional
  • optional, not held accounting department processes optional
  • optional, not held reinsurance optional
  • optional, not held Monte Carlo simulation optional
  • optional, not held financial products optional
  • optional, not held insurance law optional
  • optional, not held international financial reporting standards optional
  • optional, not held national generally accepted accounting principles optional
Index

Other moves recorded from business analyst

Full index of moves from business analyst

Note

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.