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

financial risk managertocredit risk analyst

A financial risk manager already meets 75% of what the credit risk analyst role asks for. The move turns on 6 required skills not yet in the profile.

From financial risk manager
75%
Overlap1
To credit risk analyst
27 Skills carried over
6 Required, not held
31.7 Difficulty2
Career overlap Strong match

75%

Learning distance Real move, short list to learn

31.7/ 100

1 Share of the credit risk analyst 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.

Why

Why this move works

A credit risk analyst role treats 24 of its required skills as things a financial risk manager already does. These are the ones it depends on most.

  • advise on risk management
  • analyse financial risk
  • analyse market financial trends
  • apply credit risk policy
  • apply credit stress testing methodologies
  • apply statistical analysis techniques

What stands in the way is 6 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 27 skills that carry over, these are the ones fewest other occupations ask for. A credit risk analyst 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 stress testing methodologies information skills
  • already held create risk maps information skills
  • already held manage currency exchange risk mitigation techniques information skills
  • already held prevent fraudulent activities management skills
  • already held create risk reports information skills
  • already held risk transfer business, administration and law

All 27 carried skills, including the 24 the credit risk analyst role treats as required.

Table 3

Table 3 · What you would need to learn

The 13 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 2 required, 1 supplementary
  • required, not held international commercial transactions rules required
  • required, not held financial jurisdiction required
  • optional, not held debt collection techniques optional
02 information skills 2 required, 1 supplementary
  • required, not held analyse the credit history of potential customers required
  • required, not held inspect data required
  • optional, not held enforce customer's debt repayment optional
03 communication, collaboration and creativity 1 required, 2 supplementary
  • required, not held write work-related reports required
  • optional, not held show diplomacy optional
  • optional, not held speak different languages optional
04 working with computers 1 required
  • required, not held have computer literacy required
05 assisting and caring 1 supplementary
  • optional, not held apply information security policies optional
06 generic programmes and qualifications 1 supplementary
  • optional, not held teamwork principles optional

1 further area in the appendix

Table 4

Table 4 · Where to start

The 3 entries a credit risk analyst 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 27 skills that carry over
Skill Type
  • already held advise on risk management skill
  • already held analyse financial risk skill
  • already held analyse market financial trends skill
  • already held apply credit risk policy skill
  • already held apply credit stress testing methodologies skill
  • already held apply statistical analysis techniques skill
  • already held assess risk factors skill
  • already held assessment of risks and threats knowledge
  • already held carry out statistical forecasts skill
  • already held create risk maps skill
  • already held create risk reports skill
  • already held deliver visual presentation of data skill
  • already held economics knowledge
  • already held financial analysis knowledge
  • already held financial forecasting knowledge
  • already held financial management knowledge
  • already held manage currency exchange risk mitigation techniques skill
  • already held manage financial risk skill
  • already held negotiate sales contracts skill
  • already held prevent fraudulent activities skill
  • already held produce statistical financial records skill
  • already held risk identification knowledge
  • already held risk management knowledge
  • already held risk transfer knowledge
  • already held Monte Carlo simulation knowledge
  • already held create solutions to problems skill
  • already held perform data analysis skill
The 1 learning area not shown above
Skill to acquire Tier
07 information and communication technologies (icts) 1 supplementary
  • optional, not held information confidentiality optional
7 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held apply information security policies optional
  • optional, not held information confidentiality optional
  • optional, not held debt collection techniques optional
  • optional, not held enforce customer's debt repayment optional
  • optional, not held show diplomacy optional
  • optional, not held speak different languages optional
  • optional, not held teamwork principles optional
37 held skills the credit risk analyst role does not ask for
Skill Type
  • not needed by the target role accounting department processes knowledge
  • not needed by the target role advise on financial matters skill
  • 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 financial performance of a company skill
  • not needed by the target role analyse internal factors of companies skill
  • not needed by the target role assess risks of clients' assets skill
  • not needed by the target role banking activities knowledge
  • not needed by the target role calculate dividends 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 a financial plan 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 enforce financial policies skill
  • 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 products knowledge
  • not needed by the target role financial statements knowledge
  • not needed by the target role follow company standards skill
  • 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 interpret financial statements skill
  • not needed by the target role liaise with managers skill
  • 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 management consulting knowledge
  • 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 provide support in financial calculation skill
  • not needed by the target role risk financing techniques knowledge
  • not needed by the target role securities knowledge
  • not needed by the target role strive for company growth skill
  • not needed by the target role tax legislation knowledge
  • not needed by the target role treasury management system knowledge
5 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 international commercial transactions rules required
  • required, not held financial jurisdiction required
  • optional, not held information confidentiality optional
  • optional, not held debt collection techniques optional
  • optional, not held teamwork principles 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.