Table 1Transition record

business analysttofinancial risk manager

A business analyst already meets 25% of what the financial risk manager role asks for. The move turns on 24 required skills not yet in the profile.

From business analyst

25%

Overlap1

To financial risk manager

12 Skills carried over

24 Required, not held

79.9 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 79.9

This move: 79.9 of 100 · career change

1 Share of the financial 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 12 skills that carry over, these are the ones fewest other occupations ask for. A financial 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 management consulting business, administration and law
already held digital data processing working with computers
already held analyse external factors of companies information skills
already held analyse internal factors of companies information skills
already held advise on risk management information skills
already held make strategic business decisions management skills

All 12 carried skills, including the 11 the financial risk manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 52 missing skills fall into 9 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 information skills 8 required, 13 supplementary

required, not held create risk maps required
required, not held analyse financial risk required
required, not held analyse market financial trends required
required, not held assess risk factors required
required, not held collect financial data required
required, not held create risk reports required
required, not held estimate profitability required
required, not held manage financial risk required

optional, not held develop predictive models optional
optional, not held prepare credit reports optional
optional, not held analyse economic trends optional
optional, not held apply credit stress testing methodologies optional
optional, not held apply statistical analysis techniques optional
optional, not held assess risks of clients' assets optional
optional, not held calculate dividends optional
optional, not held carry out statistical forecasts optional
optional, not held maintain financial records optional
optional, not held manage currency exchange risk mitigation techniques optional
optional, not held prepare financial statements optional
optional, not held produce statistical financial records optional
optional, not held provide support in financial calculation optional

02 business, administration and law 7 required, 7 supplementary

required, not held financial analysis required
required, not held financial forecasting required
required, not held financial management required
required, not held risk identification required
required, not held risk transfer required
required, not held securities required
required, not held tax legislation required

optional, not held accounting department processes optional
optional, not held financial department processes optional
optional, not held risk financing techniques optional
optional, not held treasury management system optional
optional, not held banking activities optional
optional, not held financial products optional
optional, not held international financial reporting standards optional

03 management skills 4 required, 2 supplementary

required, not held create a financial plan required
required, not held enforce financial policies required
required, not held integrate strategic foundation in daily performance required
required, not held strive for company growth required

optional, not held control financial resources optional
optional, not held prevent fraudulent activities optional

04 assisting and caring 2 required

required, not held apply credit risk policy required
required, not held follow company standards required

05 communication, collaboration and creativity 1 required, 4 supplementary

required, not held advise on tax policy required

optional, not held negotiate sales contracts optional
optional, not held create solutions to problems optional
optional, not held deliver visual presentation of data optional
optional, not held disseminate information on tax legislation optional

06 information and communication technologies (icts) 1 required

required, not held assessment of risks and threats required

3 further areas in the appendix

Table 4

Table 4 · Where to start

The 3 entries a financial 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 12 skills that carry over

Skill Type

already held advise on financial matters skill
already held advise on risk management skill
already held analyse external factors of companies skill
already held analyse internal factors of companies skill
already held digital data processing skill
already held financial statements knowledge
already held interpret financial statements skill
already held liaise with managers skill
already held make strategic business decisions skill
already held management consulting knowledge
already held risk management knowledge
already held analyse financial performance of a company skill

The 3 learning areas not shown above

Skill to acquire Tier

07 social sciences, journalism and information 1 required

required, not held economics required

08 natural sciences, mathematics and statistics 1 supplementary

optional, not held Monte Carlo simulation optional

09 working with computers 1 supplementary

optional, not held perform data analysis optional

28 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held develop predictive models optional
optional, not held accounting department processes optional
optional, not held financial department processes optional
optional, not held negotiate sales contracts optional
optional, not held prepare credit reports optional
optional, not held risk financing techniques optional
optional, not held treasury management system optional
optional, not held Monte Carlo simulation optional
optional, not held analyse economic trends optional
optional, not held apply credit stress testing methodologies optional
optional, not held apply statistical analysis techniques optional
optional, not held assess risks of clients' assets optional
optional, not held banking activities optional
optional, not held calculate dividends optional
optional, not held carry out statistical forecasts optional
optional, not held control financial resources optional
optional, not held create solutions to problems optional
optional, not held deliver visual presentation of data optional
optional, not held disseminate information on tax legislation optional
optional, not held financial products optional
optional, not held international financial reporting standards optional
optional, not held maintain financial records optional
optional, not held manage currency exchange risk mitigation techniques optional
optional, not held perform data analysis optional
optional, not held prepare financial statements optional
optional, not held prevent fraudulent activities optional
optional, not held produce statistical financial records optional
optional, not held provide support in financial calculation optional

41 held skills the financial 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 organisational culture skill
not needed by the target role advise on personnel management skill
not needed by the target role align efforts towards business development skill
not needed by the target role analyse business plans 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 identify undetected organisational needs 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 keep updated on the political landscape skill
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
not needed by the target role seek innovation in current practices skill
not needed by the target role shape organisational teams based on competencies skill
not needed by the target role support implementation of quality management systems skill
not needed by the target role sustainable manufacturing knowledge

1 further entry not listed here

17 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 assessment of risks and threats required
required, not held economics required
required, not held financial analysis required
required, not held financial forecasting required
required, not held financial management required
required, not held risk identification required
required, not held risk transfer required
required, not held securities required
required, not held tax legislation required
optional, not held accounting department processes optional
optional, not held financial department processes optional
optional, not held risk financing techniques optional
optional, not held treasury management system optional
optional, not held Monte Carlo simulation optional
optional, not held banking activities optional
optional, not held financial products optional
optional, not held international financial reporting standards 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.