Financial Risk Specialists

What the job really is

Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.

At a glance

• Sector: Business & Financial
• O*NET-SOC code: 13-2054
• O*NET job zone: 4 — considerable preparation
• Work sample tasks on file: 12
• Tools and technologies listed: 12

What you actually do

Work sample tasks recorded for this occupation:

• Analyze areas of potential risk to the assets, earning capacity, or success of organizations.
• Analyze new legislation to determine impact on risk exposure.
• Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
• Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
• Consult financial literature to ensure use of the latest models or statistical techniques.
• Contribute to development of risk management systems.
• Determine potential environmental impacts of new products or processes on long-term growth and profitability.
• Develop contingency plans to deal with emergencies.
• Develop or implement risk-assessment models or methodologies.
• Devise scenario analyses reflecting possible severe market events.
• Devise systems or processes to monitor validity of risk assessments.
• Document, and ensure communication of, key risks.

Tools and technology

Amazon Web Services AWS software, Apache Hive, Atlassian JIRA, C++, Google Docs, IBM SPSS Statistics, Intuit QuickBooks, Linux, Marketo Marketing Automation, Microsoft Access, Microsoft Azure software, Microsoft Excel

What employers expect you to already be comfortable with.

Where this job leads

Related occupations — the usual moves up and sideways:

• Financial Quantitative Analysts
• Financial and Investment Analysts
• Investment Fund Managers
• Personal Financial Advisors
• Management Analysts
• Securities, Commodities, and Financial Services Sales Agents
• Credit Analysts
• Financial Examiners

Getting in

O*NET assigns this occupation job zone 4 (considerable preparation). The related occupations above are the realistic routes in and out.

Find openings

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Check this against the source

O*NET OnLine: Financial Risk Specialists — the authoritative public-domain profile this page is derived from, including the full task list, reported skills and the wage estimates for your region.

Derived and rewritten from the public-domain O*NET database (U.S. Department of Labor / Employment and Training Administration). Figures are observations, not promises — always confirm salary, licensing and visa requirements with the employer and the relevant authority.