Table 1Transition record

financial risk managertoasset manager

A financial risk manager already meets 50% of what the asset manager role asks for. The move turns on 10 required skills not yet in the profile.

From financial risk manager

50%

Overlap1

To asset manager

18 Skills carried over

10 Required, not held

54.3 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 54.3

This move: 54.3 of 100 · moderate

1 Share of the asset manager role’s weighted skill requirement already met by the financial risk manager 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 18 skills that carry over, these are the ones fewest other occupations ask for. A asset manager role needs them, and most people applying for one will not have them already. This is the part of a financial risk manager background worth leading with.

Skill the target role also needs Area

already held apply credit risk policy assisting and caring
already held enforce financial policies management skills
already held provide support in financial calculation information skills
already held advise on risk management information skills
already held financial analysis business, administration and law
already held securities business, administration and law

All 18 carried skills, including the 12 the asset manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 22 missing skills fall into 5 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 4 required, 2 supplementary

required, not held corporate social responsibility required
required, not held asset management required
required, not held financial markets required
required, not held modern portfolio theory required

optional, not held credit control processes optional
optional, not held funding methods optional

02 management skills 3 required, 2 supplementary

required, not held perform asset recognition required
required, not held develop investment portfolio required
required, not held handle financial transactions required

optional, not held exert expenditure control optional
optional, not held plan health and safety procedures optional

03 communication, collaboration and creativity 1 required, 6 supplementary

required, not held review investment portfolios required

optional, not held negotiate on asset value optional
optional, not held review closing procedures optional
optional, not held apply technical communication skills optional
optional, not held handle financial disputes optional
optional, not held identify clients' needs optional
optional, not held negotiate loan agreements optional

04 information skills 1 required, 2 supplementary

required, not held examine credit ratings required

optional, not held consult credit score optional
optional, not held obtain financial information optional

05 natural sciences, mathematics and statistics 1 required

required, not held actuarial science required

Table 4

Table 4 · Where to start

The 3 entries a asset 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 18 skills that carry over

Skill Type

already held advise on financial matters skill
already held advise on risk management skill
already held analyse financial performance of a company skill
already held analyse financial risk skill
already held analyse market financial trends skill
already held enforce financial policies skill
already held financial analysis knowledge
already held financial statements knowledge
already held follow company standards skill
already held liaise with managers skill
already held manage financial risk skill
already held strive for company growth skill
already held apply credit risk policy skill
already held create a financial plan skill
already held financial management knowledge
already held interpret financial statements skill
already held provide support in financial calculation skill
already held securities knowledge

12 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held consult credit score optional
optional, not held negotiate on asset value optional
optional, not held review closing procedures optional
optional, not held apply technical communication skills optional
optional, not held credit control processes optional
optional, not held exert expenditure control optional
optional, not held funding methods optional
optional, not held handle financial disputes optional
optional, not held identify clients' needs optional
optional, not held negotiate loan agreements optional
optional, not held obtain financial information optional
optional, not held plan health and safety procedures optional

46 held skills the asset manager role does not ask for

Skill Type

not needed by the target role Monte Carlo simulation knowledge
not needed by the target role accounting department processes knowledge
not needed by the target role advise on tax policy skill
not needed by the target role analyse economic trends skill
not needed by the target role analyse external factors of companies skill
not needed by the target role analyse internal factors of companies skill
not needed by the target role apply credit stress testing methodologies skill
not needed by the target role apply statistical analysis techniques skill
not needed by the target role assess risk factors skill
not needed by the target role assess risks of clients' assets skill
not needed by the target role assessment of risks and threats knowledge
not needed by the target role banking activities knowledge
not needed by the target role calculate dividends skill
not needed by the target role carry out statistical forecasts skill
not needed by the target role collect financial data skill
not needed by the target role control financial resources skill
not needed by the target role create risk maps skill
not needed by the target role create risk reports skill
not needed by the target role create solutions to problems skill
not needed by the target role deliver visual presentation of data skill
not needed by the target role develop predictive models skill
not needed by the target role digital data processing skill
not needed by the target role disseminate information on tax legislation skill
not needed by the target role economics knowledge
not needed by the target role estimate profitability skill
not needed by the target role financial department processes knowledge
not needed by the target role financial forecasting knowledge
not needed by the target role financial products knowledge
not needed by the target role integrate strategic foundation in daily performance skill
not needed by the target role international financial reporting standards knowledge
not needed by the target role maintain financial records skill
not needed by the target role make strategic business decisions skill
not needed by the target role manage currency exchange risk mitigation techniques skill
not needed by the target role management consulting knowledge
not needed by the target role negotiate sales contracts skill
not needed by the target role perform data analysis skill
not needed by the target role prepare credit reports skill
not needed by the target role prepare financial statements skill
not needed by the target role prevent fraudulent activities skill
not needed by the target role produce statistical financial records skill

6 further entries not listed here

7 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 actuarial science required
required, not held corporate social responsibility required
required, not held asset management required
required, not held financial markets required
required, not held modern portfolio theory required
optional, not held credit control processes optional
optional, not held funding methods optional

Index

Other moves recorded from financial risk manager

Full index of moves from financial risk manager

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.