Credit Risk Analyst Jobs

 

 

If you possess sound decision-making and problem-solving skills, you should be looking at credit risk analyst jobs. A number of financial institutions appoint credit risk analysts to assess risks associated with offering loans to individuals and businesses. Most firms will offer you on-the-job training as per their work practices and nature of business.[br]

Credit Risk Analyst Jobs: Tasks of a Credit Risk Analyst

The job of a credit risk analyst is to:

·         Facilitate the creation of risk analyses by providing statistical information.

·         Study market trends.

·         Recommend reduction in or control risk.

·         Create periodic analysis report.

·         Analyze government legislation.

·         Develop credit risk models using financial software to facilitate the firm’s investment.

·         Establish credit risk reporting platform.

·         Carry out risk assessment analyses of lending proposals.

·         Perform stress testing, portfolio analysis and scenario analysis.

Credit Risk Analyst Jobs: Key Skills

Here are some key skills required to perform the task of a credit risk analyst:

 

·         Proficiency in computers (Excel, Access and Word)

·         Strong numerical and analytical skills

·         Outstanding research and problem-solving skills

·         Ability to make sound decisions even under pressure

·         Excellent communication and interpersonal skills

·         Ability to work as part of a team

·         Outstanding knowledge in portfolio optimization and credit risk modeling

·         In-depth understanding of banking and insurance risk management systems

·         Awareness of investment products and tools

·         Thorough understanding of credit portfolio modeling tools

Credit Risk Analyst Jobs: Educational Requirements

For an entry level credit risk analyst job, a bachelor’s degree in finance, economics or accounting is crucial. This will provide you exposure to ratio analysis, statistics and calculus, apart from the basics in accountancy, economics and finance. In-depth knowledge of these subjects will help you solve complex risk assessment problems.[br]

 

Credit Risk Analyst: Senior Level

 

A senior credit risk analyst is responsible for managing risk to strengthen the financial footing of the company. The purpose is also to facilitate value-focused leadership in the company. Senor level credit risk analysts also supervise and report the overall risk profile of the company.

 

The salary structure of an average credit risk analyst varies from £20,000 to £35,000. However, a senior credit risk analyst may earn more than £80,000.