What does financial risk analyst do?

What is financial risk analysis? Growth trend of a company is greatly influenced risks internal and external to it. Any business is too sensitive to risk so is the job of a risk analyst. They either get paid high or are the first ones to be fired. So, what does a typical risk analyst does on a day to day basis? Some of the common job duties performed by a risk analyst include 1) Monitor and communicate any deviations from targeted portfolio structure and positioning 2) Quantitatively and qualitatively monitor and analyze real-time risk 3) Monitor and analyze historical investment risk 4) Work closely with portfolio managers, trading, back and middle office and the risk team to review positioning, performance, portfolio structure and risk exposures.This role requires exceptional communication skill 5) Support in the continued development of risk models, reporting, and infrastructure to aid in stress-testing, scenario analysis, and more complete understanding of portfolio, strategy and enterprise level investment risks.Makes use of tools such as var to deploy risk models 6) Develop and maintain relationships with internal and external research resources to strive for constant improvement in our understanding of investment risk and improvement in our internal reporting and communication What is the qualification expected to become risk analyst? In most cases real-time experience is preferred. Professional certifications like FRM (financial Risk Management), PRM, CFA Level II gain best popularity and weightage What is payrate expected? Average salary varies between 65k-105k upto middel level. Upon reaching senior level they rake in moolah via hefty bonus Which companies hire risk analysts? Finance department in every company needs a risk analyst. Banks,investment banking firms,trading brokers are the people who employ them the most.