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Financial Risk Specialists - 13-2054.00

The occupation code you requested, 13-2099.02 (Risk Management Specialists), is no longer in use. In the future, please use 13-2054.00 (Financial Risk Specialists) instead.

O*NET-SOC Description

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

No information available.

SOC Occupation Groups

13-0000 Business and Financial Operations Occupations
13-2000 Financial Specialists
13-2050 Financial Analysts and Advisors
13-2054.00 Financial Risk Specialists

Related Occupations

No information available.

Tasks

  • 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.

Detailed Work Activities

  • Advise others on analytical techniques.
  • Advise others on business or operational matters.
  • Analyze business or financial data.
  • Analyze industry trends.
  • Analyze risks related to investments in green technology.
  • Apply mathematical models of financial or business conditions.
  • Assess risks to business operations.
  • Confer with others about financial matters.
  • Create images of data, locations, or products.
  • Determine the value of goods or services.
  • Develop business or financial information systems.
  • 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.
  • Present business-related information to audiences.
  • Recommend investments to clients.
  • Update professional knowledge.

Military Crosswalk Titles

  • Accounting Officer (Navy - Commissioned or Warrant Officer)
  • Aircrew Flight Equipment (Air Force - Enlisted)
  • Aircrew Flight Equipment Apprentice (Air Force - Enlisted)
  • Aircrew Flight Equipment Craftsman (Air Force - Enlisted)
  • Aircrew Flight Equipment Helper (Air Force - Enlisted)
  • Aircrew Flight Equipment Journeyman (Air Force - Enlisted)
  • Aircrew Flight Equipment Superintendent (Air Force - Enlisted)
  • Budget Officer (Navy - Commissioned or Warrant Officer)
  • Civil Affairs Specialist (Army - Enlisted)
  • Comptroller (Navy - Commissioned or Warrant Officer)
  • Comptrollership (Coast Guard - Commissioned Officer only)
  • Contracting (Air Force - Enlisted)
  • Contracting Apprentice (Air Force - Enlisted)
  • Contracting Craftsman (Air Force - Enlisted)
  • Contracting Helper (Air Force - Enlisted)
  • Contracting Journeyman (Air Force - Enlisted)
  • Contracting Superintendent (Air Force - Enlisted)
  • Cost Analysis (Air Force - Commissioned Officer only)
  • Designated Project Business Administrator (Navy - Commissioned Officer only)
  • Emergency Management (Air Force - Enlisted)
  • Emergency Management Apprentice (Air Force - Enlisted)
  • Emergency Management Craftsman (Air Force - Enlisted)
  • Emergency Management Helper (Air Force - Enlisted)
  • Emergency Management Journeyman (Air Force - Enlisted)
  • Emergency Management Superintendent (Air Force - Enlisted)
  • Financial Analysis (Air Force - Enlisted)
  • Financial Analysis Apprentice (Air Force - Enlisted)
  • Financial Analysis Craftsman (Air Force - Enlisted)
  • Financial Analysis Journeyman (Air Force - Enlisted)
  • Financial Analysis Manager (Air Force - Enlisted)
  • Financial Analysis Superintendent (Air Force - Enlisted)
  • Financial Management (Air Force - Commissioned Officer only)
  • Financial Management (Coast Guard - Commissioned Officer only)
  • Financial Management and Comptroller (Air Force - Enlisted)
  • Financial Management and Comptroller Apprentice (Air Force - Enlisted)
  • Financial Management and Comptroller Craftsman (Air Force - Enlisted)
  • Financial Management and Comptroller Helper (Air Force - Enlisted)
  • Financial Management and Comptroller Journeyman (Air Force - Enlisted)
  • Financial Management and Comptroller Superintendent (Air Force - Enlisted)
  • Financial Management Officer (Marine Corps - Commissioned Officer only)
  • Financial Management Resource Officer (Marine Corps - Warrant Officer only)
  • Financial Management Specialist (Marine Corps - Commissioned Officer only)
  • Financial Manager (Army - Commissioned Officer only)
  • Fiscal Operations (Coast Guard - Commissioned Officer only)
  • Health Services Comptroller (Army - Commissioned Officer only)
  • Internal Review Officer (Navy - Commissioned or Warrant Officer)

Apprenticeship Crosswalk Titles

  • Risk Management Analyst

DOT Crosswalk Titles

  • Investment Analyst
  • Letter-Of-Credit Document Examiner
  • Risk and Insurance Manager