Financial Risk Specialists
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.
34 alternate job titles:
Analyst
Bank and Savings Securities Trader
Bond Analyst
Business Risk Manager
Compliance Risk Manager
Corporate Securities Research Analyst
Credit Risk Analyst
Energy Risk Management Analyst
Enterprise Risk Manager
Equity Research Analyst
Estate Executor
Financial Risk Analyst
Loss Control Consultant
Loss Control Inspector
Market Risk Analyst
Market Risk Specialist
Operational Risk Analyst
Operational Risk Consultant
Operational Risk Manager
Operational Risk Officer
Risk Adjustment Analyst
Risk Analyst
Risk Control Consultant
Risk Management Analyst
Risk Management Consultant
Risk Management Manager
Risk Management Specialist
Risk Manager
Risk Specialist
Securities Analyst
Securities Consultant
Securities Research Analyst
Security Consultant
Third Party Risk Manager
Salary Information
Financial Risk Specialists: $106,000 (median) per year.
Starting salary (10th percentile).
Required expreience: Varies by Company
Data source: U.S. Bureau of Labor Statistics
Daily Tasks & Responsibilities
| Task Description | Category |
|---|---|
| Assess risks to business operations. | Analysis |
| Evaluate applicable laws and regulations to determine impact on organizational activities. | Analysis |
| Analyze risks related to investments in green technology. | Analysis |
| Analyze business or financial data. | Analysis |
| Analyze industry trends. | Analysis |
| Confer with others about financial matters. | General |
| Apply mathematical models of financial or business conditions. | General |
| Prepare financial documents, reports, or budgets. | General |
| Determine the value of goods or services. | General |
| Gather organizational performance information. | General |
| Educate clients on financial planning topics. | General |
| Advise others on analytical techniques. | General |
| Recommend investments to clients. | General |
| Advise others on business or operational matters. | General |
| Prepare regulatory or compliance documentation. | General |
| Update professional knowledge. | Maintenance |
| Maintain data in information systems or databases. | Maintenance |
| Monitor business indicators. | Maintenance |
| Develop business or financial information systems. | Development |
| Develop contingency plans to deal with organizational emergencies. | Development |
| Develop financial analysis methods. | Development |
| Create images of data, locations, or products. | Development |
| Develop financial or business plans. | Development |
| Present business-related information to audiences. | Communication |
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Technology Requirements
| Technology | Description |
|---|---|
| Microsoft Excel | Spreadsheet software |
| Microsoft Office software | Office suite software |
| Microsoft Outlook | Electronic mail software |
| Microsoft PowerPoint | Presentation software |
| Python | Object or component oriented development software |
| Atlassian JIRA | Content workflow software |
| C++ | Object or component oriented development software |
| Google Docs | Word processing software |
| IBM SPSS Statistics | Analytical or scientific software |
| Intuit QuickBooks | Accounting software |
| Linux | Operating system software |
| Marketo Marketing Automation | Sales and marketing software |
| Microsoft Azure software | Development environment software |
| Microsoft Dynamics | Enterprise resource planning ERP software |
| Microsoft Project | Project management software |
| Microsoft SharePoint | Document management software |
| Microsoft Visio | Process mapping and design software |
| Microsoft Visual Basic | Development environment software |
| Microsoft Visual Basic for Applications VBA | Development environment software |
| Microsoft Word | Word processing software |
| Oracle PeopleSoft | Enterprise resource planning ERP software |
| Oracle Primavera Enterprise Project Portfolio Management | Project management software |
| Perl | Object or component oriented development software |
| R | Object or component oriented development software |
| Ruby | Development environment software |
| SAP software | Enterprise resource planning ERP software |
| SAS | Analytical or scientific software |
| Salesforce software | Customer relationship management CRM software |
| The MathWorks MATLAB | Analytical or scientific software |
| UNIX | Operating system software |
| ADP Workforce Now | Human resources software |
| Advanced Portfolio Technologies Report Builder | Financial analysis software |
| Advanced Portfolio Technologies Simulator | Financial analysis software |
| Analyse-it | Analytical or scientific software |
| AnalyzerXL | Financial analysis software |
| Annuities analysis software | Financial analysis software |
| Apple AppleWorks | Spreadsheet software |
| Apple Keynote | Presentation software |
| Aptech Systems GAUSS | Analytical or scientific software |
| Aspen Graphics Technical Analysis Software | Financial analysis software |
| BizBench | Financial analysis software |
| BizPricer | Financial analysis software |
| Business Forecast Systems Forecast Pro | Financial analysis software |
| Corel QuattroPro | Spreadsheet software |
| Data visualization software | Analytical or scientific software |
| DealMaven Comparable Company Valuation Analysis | Financial analysis software |
| DealMaven M&A Accretion/Dilution One-Pager | Financial analysis software |
| DealMaven Modeling ToolPack for Excel | Financial analysis software |
| DealMaven PresLink for PowerPoint and Word | Presentation software |
| Decisioneering Crystal Ball | Analytical or scientific software |
| Delphi Technology | Financial analysis software |
| Derivatives Imagine Trading System | Financial analysis software |
| Derivicom FinOptions XL | Financial analysis software |
| Economic forecasting software | Financial analysis software |
| Experian Credinomics | Financial analysis software |
| Express Business Valuations | Financial analysis software |
| Factiva | Information retrieval or search software |
| FinEng Solutions PerfoRM | Financial analysis software |
| FinEng Solutions Quantis | Financial analysis software |
| Financial modeling software | Financial analysis software |
| Fractal pattern analysis software | Financial analysis software |
| Fund accounting software | Accounting software |
| Genetic algorithm optimization software | Financial analysis software |
| Genetic algorithm software | Analytical or scientific software |
| Google Slides | Presentation software |
| Harland Financial Solutions DecisionPro | Financial analysis software |
| Human resource management software HRMS | Human resources software |
| I-flex Solutions Reveleus Investment Performance Measurement | Financial analysis software |
| IBM Lotus 1-2-3 | Spreadsheet software |
| IBM Notes | Electronic mail software |
| IBM Power Systems software | Enterprise system management software |
| Innova Financial Solutions Derivatives Expert | Financial analysis software |
| Insightful S-PLUS | Analytical or scientific software |
| Ivorix Neurostrategy Finance | Expert system software |
| Keypoint DataDesk | Analytical or scientific software |
| Leading Market Technologies EXPO | Financial analysis software |
| LexisNexis | Information retrieval or search software |
| Longview Consolidation | Financial analysis software |
| Longview Performance Management Platform | Financial analysis software |
| Longview Solutions Khalix | Financial analysis software |
| Management information systems MIS | Enterprise resource planning ERP software |
| Market forecast software | Financial analysis software |
| Mathematical software | Analytical or scientific software |
| Matheny Pattern Forecaster Plus | Expert system software |
| McAfee | Transaction security and virus protection software |
| MergerStat Control Premiums | Financial analysis software |
| MergerStat Price to Earnings Ratios | Financial analysis software |
| Microsoft Dynamics GP | Enterprise resource planning ERP software |
| Microsoft Exchange | Electronic mail software |
| Microsoft OneNote | Word processing software |
| Microsoft SharePoint Server | Document management software |
| MoneySoft Corporate Valuation | Financial analysis software |
| Monte Carlo simulation software | Financial analysis software |
| Montgomery Investment Technology Bonds XL | Financial analysis software |
| Montgomery Investment Technology Exotics XL | Financial analysis software |
| Montgomery Investment Technology FinTools | Financial analysis software |
| Montgomery Investment Technology Options XL | Financial analysis software |
| Montgomery Investment Technology QuoteTools | Financial analysis software |
| Montgomery Investment Technology Risk XL | Financial analysis software |
| Montgomery Investment Technology SigTools | Financial analysis software |
| Montgomery Investment Technology Utility XL | Charting software |
| Moss Adams Profit Mentor | Financial analysis software |
| Mutual fund analysis software | Financial analysis software |
| NetSuite ERP | Enterprise resource planning ERP software |
| Neural network modeling software | Analytical or scientific software |
| NeuroSolutions Trading Solutions | Financial analysis software |
| NeuroSolutions for MatLab | Expert system software |
| OptionVue Options Analysis | Financial analysis software |
| Oracle E-Business Suite Financials | Financial analysis software |
| Oracle Fusion Applications | Enterprise resource planning ERP software |
| Oracle Hyperion | Enterprise resource planning ERP software |
| Oracle JD Edwards EnterpriseOne | Enterprise resource planning ERP software |
| Oracle PeopleSoft Financials | Enterprise resource planning ERP software |
| Palisade Bond @nalyst | Financial analysis software |
| Palisade Evolver | Analytical or scientific software |
| Palisade StatTools | Analytical or scientific software |
| Pattern recognition software | Analytical or scientific software |
| Peer-to-Peer Financial Analysis | Financial analysis software |
| Perforce Helix software | Configuration management software |
| Pi Blue OptWorks Excel | Financial analysis software |
| Portfolio management software | Financial analysis software |
| Pricing software | Financial analysis software |
| Quantifying marketability discount QMD modeling software | Financial analysis software |
| Report generation software | Word processing software |
| RiskMetrics Group WealthBench | Financial analysis software |
| S&P Capital IQ | Information retrieval or search software |
| SAP Business Objects | Enterprise resource planning ERP software |
| SAP BusinessObjects Data Integrator | Enterprise resource planning ERP software |
| SAS JMP | Analytical or scientific software |
| SSA Global Infinium Financial Management | Enterprise resource planning ERP software |
| Sage 50 Accounting | Accounting software |
| Securities analysis software | Financial analysis software |
| Spreadware Business Financial Analysis | Financial analysis software |
| Spreadware Business Valuator | Financial analysis software |
| Spreadware Pro Forma | Financial analysis software |
| Standard & Poor's Capital IQ Compustat | Information retrieval or search software |
| StataCorp Stata | Analytical or scientific software |
| Steele Mutual Fund and Variable Annuity Expert | Financial analysis software |
| SunGard BancWare | Financial analysis software |
| SunGard Kiodex Risk Workbench | Financial analysis software |
| Tax software | Accounting software |
| TechHackers Convertible Bond @nalyst | Financial analysis software |
| TechHackers Credit @nalyst | Financial analysis software |
| TechHackers Exotic @nalyst | Financial analysis software |
| TechHackers Financial @nalyst | Financial analysis software |
| TechHackers IRO @nalyst | Financial analysis software |
| TechHackers MBS @nalyst | Financial analysis software |
| TechHackers Swap @nalyst | Financial analysis software |
| Tetrahex Fractal Finance | Financial analysis software |
| TickQuest NeoTicker | Charting software |
| Tips Standard Securities Calculation Bond Analytics Module | Financial analysis software |
| Tips Standard Securities Calculation Mortgage-Backed Analytics Module | Financial analysis software |
| TradeTools Financial Market Databases | Information retrieval or search software |
| TradeTools Monthly U.S. Economic Database | Information retrieval or search software |
| Trendsetter Software ProAnalyst | Financial analysis software |
| Unlimited Learning Resources Valusource Pro | Financial analysis software |
| ValuSource BIZCOMPS | Financial analysis software |
| Ward Systems Group GeneHunter | Analytical or scientific software |
| Ward Systems Group NeuralShell Predictor | Analytical or scientific software |
| Ward Systems Group NeuroShell Trader | Information retrieval or search software |
| Web browser software | Internet browser software |
| Whitebirch Software Projected Financials | Financial analysis software |
| Wolfram Research Derivatives | Financial analysis software |
| Wolfram Research Mathematica | Analytical or scientific software |
| Wolfram Research Mathematica Finance Essentials | Financial analysis software |
| Wolfram Research Mathematica UnRisk Pricing Engine | Financial analysis software |
| dailyVest Investment Personalization Platform | Information retrieval or search software |
| Structured query language SQL | Data base user interface and query software |
| Tableau | Business intelligence and data analysis software |
| Amazon Web Services AWS software | Data base user interface and query software |
| Apache Hive | Data base management system software |
| Microsoft Access | Data base user interface and query software |
| Microsoft SQL Server | Data base user interface and query software |
| Microsoft SQL Server Reporting Services SSRS | Data base reporting software |
| Oracle Database | Data base user interface and query software |
| ServiceNow | Data base user interface and query software |
| Teradata Database | Data base management system software |
| Yardi software | Data base user interface and query software |
| Apache Pig | Data base management system software |
| FileMaker Pro | Data base user interface and query software |
| IBM Cognos Impromptu | Business intelligence and data analysis software |
| IBM Lotus Approach | Data base user interface and query software |
| MicroStrategy | Business intelligence and data analysis software |
| Oracle Business Intelligence Enterprise Edition | Business intelligence and data analysis software |
| Qlik Tech QlikView | Business intelligence and data analysis software |
| Reporting software | Data base reporting software |
| SAP Crystal Reports | Data base reporting software |
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Relevant Certifications
Industry certifications that may be valuable for this career role:
| Certification | Issuing Organization | Practice Test |
|---|---|---|
| Associate Business Continuity Professional | DRI International | Not Available |
| Associate Professional Risk Manager | Professional Risk Managers International Association | Not Available |
| Associate Protection Professional | ASIS | Not Available |
| Associate in Risk Management | The Institutes | Not Available |
| Associate in Risk Management - Enterprise Wide Risk Management | The Institutes | Not Available |
| Associate in Risk Management for Public Entities | The Institutes | Not Available |
| Associate of the Society of Actuaries | Society of Actuaries | Not Available |
| Certification in Risk Management Assurance | Institute of Internal Auditors | Not Available |
| Certified Anti-Money Laundering Specialist | Conference of State Bank Supervisors | Not Available |
| Certified Community Bank Risk Specialist | Independent Community Bankers of America | Not Available |
| Certified Enterprise Risk Professional | American Bankers Association | Not Available |
| Certified Financial Risk Manager | Global Association of Risk Professionals | Not Available |
| Certified Fraud Examiner | Association of Certified Fraud Examiners | Not Available |
| Certified Insurance Fraud Analyst | International Association of Special Investigation Units | Not Available |
| Certified Insurance Fraud Representative | International Association of Special Investigation Units | Not Available |
| Certified Merger and Acquisition Advisor | Alliance of Merger and Acquisition Advisors | Not Available |
| Certified Patient Safety Officer | International Board for Certification of Safety Managers | Not Available |
| Certified Professional in Healthcare Risk Management | American Hospital Association | Not Available |
| Certified Project Risk Manager | American Academy of Project Management | Not Available |
| Certified Risk Manager | The National Alliance for Insurance Education and Research | Not Available |
| Certified Risk Professional | Underwriters Laboratories, Inc. | Not Available |
| Chartered Certified Risk Analyst | American Academy of Financial Management | Not Available |
| Chartered Enterprise Risk Analyst | Society of Actuaries | Not Available |
| Credit Union Enterprise Risk Management Expert | Credit Union National Association | Not Available |
| Decision & Risk Management Professional | AACE International, Inc. | Not Available |
| EC Council Certified Chief Information Security Officer | EC-Council | Not Available |
| Fellow of the Society of Actuaries | Society of Actuaries | Not Available |
| Fellow, American Society of Pension Actuaries | American Society of Pension Professionals and Actuaries | Not Available |
| IBM Certified Infrastructure Deployment Professional - Maximo Asset Management V7.6 | IBM Corporation | Not Available |
| Oracle Risk Management Cloud 2021 Certified Implementation Specialist Certification | Oracle Corporation | Not Available |
| PMI Risk Management Professional | Project Management Institute | Not Available |
| Professional Risk Manager | Professional Risk Managers International Association | Not Available |
| RIMS-Certified Risk Management Professional | The Risk Management Society | Not Available |
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