Risk Analyst
Contents
Definition
A Risk Analyst is a generic job description for a person involved formally in the Risk Management activities of an organization.
Roles and Responsibilities
The key activity of a risk analyst is to perform Risk Analysis (also Risk Assessment), that is a set of analytic and/or quantitative activities that supports Risk Management. These activities may or may not involve quantiative risk models, but typically will involve structured analysis, interpretation of data and Risk Reporting.
Specializations
In general risk analysts will specialize in a more specific area, for example:
- Credit Risk Analysis
- Operational Risk
- Market Risk
Skills
Description of the abilities, proficiencies, know-hows, skills the a person must possess in order to carry out the risk management responsibilities
- Business Skills
- Technical Skills
- General Skills (Linguistic)
Seniority Level
Indication as to whether the function is formally segmented into seniority levels (e.g. junior, senior) that have material skill / experience requirements and are not simply organizational arrangements.
Experience
Experience denotes the intangible qualities acquired by a person in the process of having performed certain functions in the past
- Required experience in related business models
- General work experience
Education
Education denotes any formal and long duration training that is considered an important prerequisite for a role
- Educational level, e.g., university or college degree
- Subject matter of studies / Specialization
- Educational institution
Qualifications
Qualifications are formal certifications that a person fulfills some professional requirements
- Certifications
- Accreditations
- Admittance to professional societies etc.
