Junior Risk Analyst: Key Skills, Qualifications and Career Path
Learn about the key skills, qualifications, and career path for a Junior Risk Analyst
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Practice Now »What is a Junior Risk Analyst?
A Junior Risk Analyst is someone who uses data and mathematical techniques to evaluate the potential risks involved in business decisions and helps companies plan for the future. This role is important in shaping economic and business policies that aim to maximise growth and improve overall business performance.
Qualifications & Education
- Relevant degree or equivalent qualification
- Professional qualifications (mandatory for actuarial occupations)
Career Path
Frequently Asked Questions
Yes, risk analyst can be a good career choice as it offers the opportunity to make a direct impact on an organization's success. However, it can be challenging as it involves difficult decisions and complex data analysis.
A junior risk analyst in the UK works with a senior analyst to perform research, gather and interpret data, and create and analyze models related to risk management. Their specific responsibilities may vary depending on the industry they work in.
A junior risk analyst in the UK is responsible for monitoring and structuring credit portfolios, making recommendations for improvements, creating analytic research and reviews about markets, industries, and products, and analyzing cooperation potential with partners and service providers.
To become a Junior Risk Analyst in the UK, a minimum of a bachelor's degree and around five years of work experience is usually required. However, it is possible to start as a junior or entry-level position and gain experience in the industry.
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