Help clients negotiate the complicated world of investing.
A thorough understanding and love for math, figures, and statistics makes you a prime candidate for a Credit Risk Analyst position. Working in banks, credit unions, mortgage companies, and other businesses that loan money to consumers, Credit Risk Analysts determine the characteristics of a good financial risk.
It’s your job as a Credit Risk Analyst to identify common characteristics of borrowers by analyzing past lending reports. You pinpoint the traits of those who met their obligations and those who did not. By defining the parameters of a responsible borrower, you are able to create formulas that are used to determine eligibility for future borrowers.
For example, John and Susan borrowed the same amount of money. Susan made payments every month as agreed, while John did not. As a Credit Risk Analyst, you assess the differences between the two borrowers and their financial history to determine the possible reasons John did not pay.
After further investigation, you may find that John has a history of employment difficulties, has missed payments on other debts, or brushes his teeth while standing on one foot. These factors are then compared against other applicants to find similarities and determine the amount of risk they present as potential borrowers.
Put your sleuthing skills to the test and help make the financial industry a bit more stable. It’s all in a day’s work!