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Summary Report for:
13-2054.00 - 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.

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.

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.

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Tasks  |  Technology Skills  |  Tools Used  |  Detailed Work Activities  |  Credentials  |  Wages & Employment  |  Job Openings  |  Additional Information

Tasks

  • Analyze areas of potential risk to the assets, earning capacity, or success of organizations. See more occupations related to this task.
  • Analyze new legislation to determine impact on risk exposure. See more occupations related to this task.
  • Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models. See more occupations related to this task.
  • Confer with traders to identify and communicate risks associated with specific trading strategies or positions. See more occupations related to this task.
  • Consult financial literature to ensure use of the latest models or statistical techniques. See more occupations related to this task.
  • Contribute to development of risk management systems. See more occupations related to this task.
  • Determine potential environmental impacts of new products or processes on long-term growth and profitability. See more occupations related to this task.
  • Develop contingency plans to deal with emergencies. See more occupations related to this task.
  • Develop or implement risk-assessment models or methodologies. See more occupations related to this task.
  • Devise scenario analyses reflecting possible severe market events. See more occupations related to this task.
  • Devise systems or processes to monitor validity of risk assessments. See more occupations related to this task.
  • Document, and ensure communication of, key risks. See more occupations related to this task.
  • Draw charts and graphs, using computer spreadsheets, to illustrate technical reports. See more occupations related to this task.
  • Evaluate and compare the relative quality of various securities in a given industry. See more occupations related to this task.
  • Evaluate the risks and benefits involved in implementing green building technologies. See more occupations related to this task.
  • Evaluate the risks related to green investments, such as renewable energy company stocks. See more occupations related to this task.
  • Gather risk-related data from internal or external resources. See more occupations related to this task.
  • 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. See more occupations related to this task.
  • Inform financial decisions by analyzing financial information to forecast business, industry, or economic conditions. See more occupations related to this task.
  • Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs. See more occupations related to this task.
  • Maintain input or data quality of risk management systems. See more occupations related to this task.
  • Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations. See more occupations related to this task.
  • Monitor developments in the fields of industrial technology, business, finance, and economic theory. See more occupations related to this task.
  • Prepare plans of action for investment, using financial analyses. See more occupations related to this task.
  • Produce reports or presentations that outline findings, explain risk positions, or recommend changes. See more occupations related to this task.
  • Provide statistical modeling advice to other departments. See more occupations related to this task.
  • Recommend investments and investment timing to companies, investment firm staff, or the public. See more occupations related to this task.
  • Recommend ways to control or reduce risk. See more occupations related to this task.
  • Review or draft risk disclosures for offer documents. See more occupations related to this task.
  • Track, measure, or report on aspects of market risk for traded issues. See more occupations related to this task.

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Technology Skills

  • Accounting software — Fund accounting software; Intuit QuickBooks Hot technology ; Sage 50 Accounting; Tax software See more occupations related to this technology.
  • Analytical or scientific software — Palisade Evolver; SAS Hot technology ; The MathWorks MATLAB Hot technology ; Ward Systems Group NeuralShell Predictor (see all 20 examples) See more occupations related to this technology.
  • Business intelligence and data analysis software — IBM Cognos Impromptu Hot technology ; Oracle Business Intelligence Enterprise Edition Hot technology ; Qlik Tech QlikView Hot technology ; Tableau Hot technology (see all 5 examples) See more occupations related to this technology.
  • Charting software — Montgomery Investment Technology Utility XL; TickQuest NeoTicker See more occupations related to this technology.
  • Configuration management software — Perforce Helix software See more occupations related to this technology.
  • Customer relationship management CRM software — Salesforce software Hot technology See more occupations related to this technology.
  • Data base management system software — Apache Hive Hot technology ; Apache Pig Hot technology ; Teradata Database Hot technology See more occupations related to this technology.
  • Data base reporting software — Microsoft SQL Server Reporting Services Hot technology ; SAP Crystal Reports Hot technology See more occupations related to this technology.
  • Data base user interface and query software — Data entry software Hot technology ; IBM Lotus Approach; Microsoft Access Hot technology ; Yardi Hot technology (see all 8 examples) See more occupations related to this technology.
  • Development environment software — Microsoft Visual Basic Hot technology ; Microsoft Visual Basic for Applications VBA Hot technology ; Ruby Hot technology See more occupations related to this technology.
  • Document management software — Microsoft Office SharePoint Server MOSS See more occupations related to this technology.
  • Electronic mail software — IBM Notes Hot technology ; Microsoft Exchange Server Hot technology ; Microsoft Outlook Hot technology See more occupations related to this technology.
  • Enterprise resource planning ERP software Hot technology — Microsoft Dynamics Hot technology ; SAP Hot technology ; SAP BusinessObjects Data Integrator; SSA Global Infinium Financial Management (see all 12 examples) See more occupations related to this technology.
  • Enterprise system management software — IBM Power Systems software See more occupations related to this technology.
  • Expert system software — Ivorix Neurostrategy Finance; Matheny Pattern Forecaster Plus; NeuroSolutions for MatLab See more occupations related to this technology.
  • 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) See more occupations related to this technology.
  • Graphics or photo imaging software — Microsoft Visio Hot technology See more occupations related to this technology.
  • Human resources software — ADP Workforce Now Hot technology ; Human resource management software HRMS See more occupations related to this technology.
  • Information retrieval or search software — dailyVest Investment Personalization Platform; LexisNexis; S&P Capital IQ; Standard & Poor's Capital IQ Compustat (see all 8 examples) See more occupations related to this technology.
  • Internet browser software — Web browser software See more occupations related to this technology.
  • Object or component oriented development software — C++ Hot technology ; Practical extraction and reporting language Perl Hot technology ; R Hot technology See more occupations related to this technology.
  • Office suite software — Microsoft Office Hot technology See more occupations related to this technology.
  • Operating system software — Linux Hot technology ; UNIX Hot technology See more occupations related to this technology.
  • Presentation software — DealMaven PresLink for PowerPoint and Word; Microsoft PowerPoint Hot technology See more occupations related to this technology.
  • Project management software — Microsoft Project Hot technology ; Microsoft SharePoint Hot technology ; Oracle Primavera Enterprise Project Portfolio Management Hot technology See more occupations related to this technology.
  • Sales and marketing software — Marketo Marketing Automation Hot technology See more occupations related to this technology.
  • Spreadsheet software — Apple AppleWorks; Corel QuattroPro; IBM Lotus 1-2-3; Microsoft Excel Hot technology See more occupations related to this technology.
  • Transaction security and virus protection software — McAfee See more occupations related to this technology.
  • Word processing software — Google Docs Hot technology ; Microsoft Word Hot technology ; Report generation software See more occupations related to this technology.

Hot technology Hot Technology — a technology requirement frequently included in employer job postings.

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Tools Used

  • Desktop calculator — 10-key calculators See more occupations related to this tool.
  • Desktop computers See more occupations related to this tool.
  • Laser fax machine — Laser facsimile machines See more occupations related to this tool.
  • Notebook computers — Laptop computers See more occupations related to this tool.
  • Personal computers See more occupations related to this tool.
  • Photocopiers — Photocopying equipment See more occupations related to this tool.
  • Scanners — Computer data input scanners See more occupations related to this tool.
  • Special purpose telephones — Multi-line telephone systems See more occupations related to this tool.
  • Tablet computers See more occupations related to this tool.

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Detailed Work Activities

  • Assess risks to business operations. See more occupations related to this activity.
  • Analyze business or financial data. See more occupations related to this activity.
  • Analyze risks related to investments in green technology. See more occupations related to this activity.
  • Apply mathematical models of financial or business conditions. See more occupations related to this activity.
  • Develop business or financial information systems. See more occupations related to this activity.
  • Present business-related information to audiences. See more occupations related to this activity.
  • Advise others on analytical techniques. See more occupations related to this activity.
  • Advise others on business or operational matters. See more occupations related to this activity.
  • Analyze industry trends. See more occupations related to this activity.
  • Confer with others about financial matters. See more occupations related to this activity.
  • Create images of data, locations, or products. See more occupations related to this activity.
  • Determine the value of goods or services. See more occupations related to this activity.
  • Develop contingency plans to deal with organizational emergencies. See more occupations related to this activity.
  • Develop financial analysis methods. See more occupations related to this activity.
  • Develop financial or business plans. See more occupations related to this activity.
  • Educate clients on financial planning topics. See more occupations related to this activity.
  • Evaluate applicable laws and regulations to determine impact on organizational activities. See more occupations related to this activity.
  • Gather organizational performance information. See more occupations related to this activity.
  • Maintain data in information systems or databases. See more occupations related to this activity.
  • Monitor business indicators. See more occupations related to this activity.
  • Prepare financial documents, reports, or budgets. See more occupations related to this activity.
  • Prepare regulatory or compliance documentation. See more occupations related to this activity.
  • Recommend investments to clients. See more occupations related to this activity.
  • Update professional knowledge. See more occupations related to this activity.

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Credentials

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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 (2019) $39.22 hourly, $81,590 annual
State wages
Local wages
 
Employment (2019) 487,800 employees
Projected growth (2019-2029) Faster than average (5% to 7%) Faster than average (5% to 7%)
Projected job openings (2019-2029) 38,600
State trends
 
Top industries (2019)

Source: Bureau of Labor Statistics 2019 wage data external site and 2019-2029 employment projections external site. "Projected growth" represents the estimated change in total employment over the projections period (2019-2029). "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.

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