A Risk Analyst, or Risk Assessor, is a business expert responsible for determining the potential consequences of performing a business action. Their duties include reading and analyzing financial data, creating visual models to represent possible outcomes and preparing reports about business decisions.
A Risk Analyst should be able to fulfill various duties and responsibilities. The following are some duties and responsibilities a Risk Analyst should be able to execute:
- Make recommendations to reduce risk, including diversification, portfolio investment and currency exchanges
- Use analytical software to calculate the risk of a decision
- Consult with business decision makers and understand their data needs
- Evaluate business and finance records and determine the level of risk
- Create reports and anticipate the losses of certain business decisions
A competitive Risk Analyst will have certain skills and qualifications, including:
- Analytical: Strong analytical skills are a must for a Risk Analyst. They must be able to quickly analyze a large collection of data, then create reports and determine results.
- Decision making: Risk Analysts are often in charge of making business and financial decisions for their clients. The ability to quickly analyze data and make a decision, such as which stock or whether or not to issue credit, is crucial.
- Communication: Written and verbal communication skills are important for Risk Analysts. They must communicate clearly and effectively with clients and team members at all levels.
- Project management: Risk Analysts often work on multiple projects simultaneously. They must be able to organize and manage their time to complete all projects.
