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.
Sample of reported job titles: Analyst, Equity Research Analyst, Risk Analyst, Risk Manager, Risk Specialist, Securities Analyst
This title represents an occupation for which data collection is currently underway.
Tasks | Technology Skills | Tools Used | Detailed Work Activities | Job Zone | Credentials | Wages & Employment | Job Openings | Additional Information
- 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.
- Draw charts and graphs, using computer spreadsheets, to illustrate technical reports.
- Evaluate and compare the relative quality of various securities in a given industry.
- Evaluate the risks and benefits involved in implementing green building technologies.
- Evaluate the risks related to green investments, such as renewable energy company stocks.
- Gather risk-related data from internal or external resources.
- Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
- Inform financial decisions by analyzing financial information to forecast business, industry, or economic conditions.
- Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.
- Maintain input or data quality of risk management systems.
- Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
- Monitor developments in the fields of industrial technology, business, finance, and economic theory.
- Prepare plans of action for investment, using financial analyses.
- Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
- Provide statistical modeling advice to other departments.
- Recommend investments and investment timing to companies, investment firm staff, or the public.
- Recommend ways to control or reduce risk.
- Review or draft risk disclosures for offer documents.
- Track, measure, or report on aspects of market risk for traded issues.
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- Accounting software — Fund accounting software; Intuit QuickBooks ; Sage 50 Accounting; Tax software
- Analytical or scientific software — IBM SPSS Statistics ; SAS ; StataCorp Stata; The MathWorks MATLAB (see all 20 examples)
- Business intelligence and data analysis software — IBM Cognos Impromptu ; MicroStrategy ; Oracle Business Intelligence Enterprise Edition ; Qlik Tech QlikView (see all 5 examples)
- Charting software — Montgomery Investment Technology Utility XL; TickQuest NeoTicker
- Cloud-based data access and sharing software — Microsoft SharePoint
- Configuration management software — Perforce Helix software
- Customer relationship management CRM software — Salesforce software
- Data base management system software — Apache Hive ; Apache Pig ; Teradata Database
- Data base reporting software — Microsoft SQL Server Reporting Services ; SAP Crystal Reports
- Data base user interface and query software — Microsoft SQL Server ; Oracle software ; Structured query language SQL ; Yardi software (see all 8 examples)
- Development environment software — Microsoft Visual Basic ; Microsoft Visual Basic for Applications VBA ; Ruby
- Document management software — Microsoft Office SharePoint Server MOSS
- Electronic mail software — IBM Notes ; Microsoft Exchange ; Microsoft Outlook
- Enterprise resource planning ERP software — Microsoft Dynamics GP ; NetSuite ERP ; Oracle Hyperion ; Oracle JD Edwards EnterpriseOne (see all 12 examples)
- Enterprise system management software — IBM Power Systems software
- Expert system software — Ivorix Neurostrategy Finance; Matheny Pattern Forecaster Plus; NeuroSolutions for MatLab
- Financial analysis software — Delphi Technology; Oracle E-Business Suite Financials; Wolfram Research Mathematica Finance Essentials; Wolfram Research Mathematica UnRisk Pricing Engine (see all 77 examples)
- Human resources software — ADP Workforce Now ; Human resource management software HRMS
- Information retrieval or search software — dailyVest Investment Personalization Platform; LexisNexis; S&P Capital IQ; Standard & Poor’s Capital IQ Compustat (see all 8 examples)
- Internet browser software — Web browser software
- Object or component oriented development software — C++ ; Perl ; R
- Office suite software — Microsoft Office
- Operating system software — Linux ; UNIX
- Presentation software — Apple Keynote; DealMaven PresLink for PowerPoint and Word; Google Slides; Microsoft PowerPoint
- Process mapping and design software — Microsoft Visio
- Project management software — Microsoft Project ; Oracle Primavera Enterprise Project Portfolio Management
- Sales and marketing software — Marketo Marketing Automation
- Spreadsheet software — Apple AppleWorks; Corel QuattroPro; IBM Lotus 1-2-3; Microsoft Excel
- Transaction security and virus protection software — McAfee
- Word processing software — Google Docs ; Microsoft OneNote; Microsoft Word ; Report generation software
Hot Technology — a technology requirement frequently included in employer job postings.
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Detailed Work Activities
- Assess risks to business operations.
- Analyze business or financial data.
- Analyze risks related to investments in green technology.
- Apply mathematical models of financial or business conditions.
- Develop business or financial information systems.
- Present business-related information to audiences.
- Advise others on analytical techniques.
- Advise others on business or operational matters.
- Analyze industry trends.
- Confer with others about financial matters.
- Create images of data, locations, or products.
- Determine the value of goods or services.
- Develop contingency plans to deal with organizational emergencies.
- Develop financial analysis methods.
- Develop financial or business plans.
- Educate clients on financial planning topics.
- Evaluate applicable laws and regulations to determine impact on organizational activities.
- Gather organizational performance information.
- Maintain data in information systems or databases.
- Monitor business indicators.
- Prepare financial documents, reports, or budgets.
- Prepare regulatory or compliance documentation.
- Recommend investments to clients.
- Update professional knowledge.
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|Title||Job Zone Four: Considerable Preparation Needed|
|Education||Most of these occupations require a four-year bachelor’s degree, but some do not.|
|Related 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.|
|Job Training||Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.|
|Job Zone Examples||Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, chemists, art directors, and cost estimators.|
|SVP Range||(7.0 to < 8.0)|
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Wages & Employment Trends
Median wage data for Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other.
Employment data for Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other.
Industry data for Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other.
|Median wages (2020)||$40.22 hourly, $83,660 annual|
|Employment (2020)||492,100 employees|
|Projected growth (2020-2030)||Average (5% to 10%)|
|Projected job openings (2020-2030)||41,000|
|Top industries (2020)||
Finance and Insurance
Management of Companies and Enterprises
Source: Bureau of Labor Statistics 2020 wage data and 2020-2030 employment projections . “Projected growth” represents the estimated change in total employment over the projections period (2020-2030). “Projected job openings” represent openings due to growth and replacement.
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Job Openings on the Web
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Sources of Additional Information
Disclaimer: Sources are listed to provide additional information on related jobs, specialties, and/or industries. Links to non-DOL Internet sites are provided for your convenience and do not constitute an endorsement.
- CFA Institute
- Financial Industry Regulatory Authority
- Global Association of Risk Professionals
- International Association for Quantitative Finance
- Occupational Outlook Handbook: Financial analysts
- Risk Management Association
- The Professional Risk Managers’ International Association
- University Risk Management and Insurance Association
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