Financial risk analyst
Also known as: credit risk analysts, corporate risk department manager, consortia advisor, operational risk analyst, chief risk officer, consortia representative
About this occupation
Financial risk analysts correctly identify and review potential risk areas threatening the assets or capital of organisations. They specialise in either credit, market, operational or regulatory risk analysis. They use statistical analysis to evaluate risk, make recommendations to reduce and control risk and review documentation for legal compliance.
A specialisation of financial analyst.
Essential skills and knowledge
- create risk maps
- manage financial risk
- financial forecasting
- analyse financial risk
- financial jurisdiction
- risk transfer
- create risk reports
- advise on risk management
- assessment of risks and threats
- financial analysis
- risk management
- financial management
Typical tasks and preparation
From the related US occupation profile Claims Adjusters, Examiners, and Investigators (O*NET 13-1031.00). Linked by an official crosswalk: related, not identical; details vary by country.
- Examine claims forms and other records to determine insurance coverage.
- Analyze information gathered by investigation and report findings and recommendations.
- Pay and process claims within designated authority level.
- Investigate, evaluate, and settle claims, applying technical knowledge and human relations skills to effect fair and prompt disposal of cases and to contribute to a reduced loss ratio.
- Verify and analyze data used in settling claims to ensure that claims are valid and that settlements are made according to company practices and procedures.
- Review police reports, medical treatment records, medical bills, or physical property damage to determine the extent of liability.
- Typical education (US)
- Bachelor's Degree
- Preparation
- Job Zone 4 of 5
- Interests
- Conventional, Enterprising, Investigative
Top skills: Reading Comprehension, Active Listening, Critical Thinking, Speaking, Judgment and Decision Making, Writing
US median pay: US$78,000 a year (2025), 324,230 employed. Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics.
Subjects this work relies on
How important each subject's knowledge is in the job itself, rated by people doing it (1 to 5).
- English or Literature in EnglishO*NET: English LanguageVery important (4.4)
- Mathematics or StatisticsO*NET: MathematicsVery important (3.7)
- Computer StudiesO*NET: Computers and ElectronicsImportant (3.4)
- Government and PoliticsO*NET: Law and GovernmentImportant (3.3)
- Business Studies or EntrepreneurshipO*NET: Administration and ManagementImportant (3.1)
- Economics or AccountingO*NET: Economics and AccountingImportant (3.0)
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.
Preparation needed
Job Zone Four: Considerable Preparation Needed
- Most common education (US)
- Bachelor's Degree
- Education
- Most of these occupations require a four-year bachelor's degree, but some do not.
- Experience
- A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
- Training
- Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.
Related occupations
Occupations O*NET links to this one by similar work, skills and knowledge.
- Insurance Claims and Policy Processing Clerks
- Eligibility Interviewers, Government Programs
- Customer Service Representatives
- Insurance Underwriters
- Tax Examiners and Collectors, and Revenue Agents
- Compliance Officers
- Compensation, Benefits, and Job Analysis Specialists
- Insurance Sales Agents
- Fraud Examiners, Investigators and Analysts
- Appraisers and Assessors of Real Estate
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.