Job Description: RISK ANALYST JOBS 

 

Job Description: RISK ANALYST JOBS

Risk Analysts are in increasing demand in Canada as managing risk at all levels of operations plays a major role in maintaining the stability of businesses and industries.

The Job

Work realities:
Working in physical or virtual offices, Risk Analysts do most of their work on a computer, as they apply mathematical models to risk. Some people with this title might perform tasks such as approving retail credit by applying approved criteria, while others may perform advanced statistical analyses to calculate risk. For some positions, travel might be required.

Duties:
Working with internal and external data, the Risk Analyst assesses the level of risks the company would assume by taking different actions and communicates the information to other business units or management. The more advanced Risk Analyst develops and applies mathematical models to risks involved with new products, upcoming business opportunities, financial transactions, and corporate strategies. He or she may work closely with internal or external auditors.

Future possibilities:
Risk Analysts can move onto positions in financial management or corporate management.

 

All Risk Analysts must be able to work independently, yet be able to clearly communicate their findings to a less technical business audience. They must have great analytical skills, as their recommendations will influence important company decisions. Regardless of their level of expertise, they must have an excellent command of Excel and other Microsoft Office programs, while higher level professionals also need advanced IT skills and experience with risk management software to do their jobs.

Required Skills and Training

Education:
Bachelor's degree in Mathematics, Economics, Statistics, Finance, or other quantitative fields. A master's or PhD degree is necessary for some positions. In some job settings, a high school diploma is all that is needed.

Experience:
Most jobs require several years of experience in risk management and financial derivatives. Even more entry level jobs prefer some office or data processing experience.

Skills and Certifications:
Certification as a Chartered Financial Analyst (CFA), Financial Risk Analyst (FRM), or Enterprise Resource Manager (ERM) would be an asset in advanced positions, although expertise and credentials in math, statistics, and computer programming are skills many employers prefer for top positions. Bilingualism opens the door for more opportunities.

 

To find Risk Analyst jobs, contact Randstad today or click to start your job search online. We can help place you in this field, especially if you have experience.

Need help finding experienced Risk Analyst professionals? Randstad can help you develop a recruitment strategy and find talented candidates.

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