A credit risk analyst assesses the likelihood that individuals or businesses may not be able to repay their loans or fulfill financial obligations. They analyze various factors such as credit histories, financial statements, and market trends to evaluate the risk associated with lending money or extending credit. The goal is to help financial institutions make informed decisions, manage risks, and maintain a healthy credit portfolio.
Congrats!! :D have a watch of my other videos on what you should do when you first start a job and latest credit risk analyst video to give you the best start.
Credit risk refers to the potential loss that a lender or investor may incur if a borrower fails to repay a loan or meet their financial obligations. It is the risk that the borrower may default on their payment, leading to financial losses for the creditor. Credit risk assessment involves evaluating the borrower's creditworthiness, which includes analyzing their credit history, financial health, and other relevant factors. Effective management of credit risk is crucial for financial institutions to make informed lending decisions and safeguard their financial stability.
Hey man, thanks for making the video (and sending it to me in Reddit xD) I really like this kind of video's and I think a lot more students should have this more specific carreer knowledge, and the hard skills nessecary for a certain job. Really great video and I am bound to watch more of your work!
I'm studying MSc Risk and Investment management from Queen's university Belfast, UK and will be completing this September, 2023. As I have started applying for jobs, unfortunately there is no positive response as I'm a fresher. please guide me sir for landing up a job in risk management field. I highly appreciate and thank you for the youtube videos.
@@CertifiedTalks My undergrad is in Instrumentation Engineering from India, as I have shifted my career path into risk management via masters, I lack related work experience in risk management, but I'm very optimistic and eager to gain work experience via entry level jobs / internships. I request you to please provide me some insights via your network. Thank you Also, I'm willing to relocate for job anywhere within UK.
Very informative. Thanks for the video. What do you think of Investment Analyst as the next step if somebody wants to pivot his/her skills into a new role?
I just took an offer for a credit risk analyst at a bank that is $90k USD base salary in a moderate COL area. I also only have 1 YOE. Are your numbers inaccurate or did I just get a great offer?
Congrats on your offer and you got a good one. But also I tried to incorporate all industries credit risk salaries, not just working in banking. Working in banks and doing credit risk that sounds accurate to be given that, slightly on the higher side if its just base.
Thanks for sharing information. Currently i am working as credit underwriting manager in home loan department and i would like to change my carrer to credit risk. So, can you please suggest which course will helpful in future growth as a credit risk analyst. Waiting for your reply sir.
You have a lot of good base knowledge but make sure you become familiar with the financial statements. There might be introductory ACCA courses to do which can help and show employees. Long run you can look at CA or CFA but only if it's a serious career and struggling to get into it
You wont generally be asked coding questions. Focus more on credit analysis for interviews. But doing SQL as a basics via online courses would give you a big advantage compared to someone who doesn’t know it.
Hi, I am Chartered Accountant. I want to apply for credit risk analyst. I got calls from banks, finance company and JPM chase. What should I prepare and is Financial modelling course gonna help me?
Hiii.... I m currently a ACCA student i just want to ask what exactly can i do from now to work as a Credit Analyst which subject in ACCA to master in? And what other techincal skills should i possess
Mastering understanding the financial statements is very important. Make sure your fundamentals are good and you're always questioning what customer says about their statements. Read some credit rating reports to have an idea e.g. Moodys. And learn sql.
Hi I have a data analyst degree and can code but I do not have an in depth maths background such as calculus, linear algebra etc. Is this something that’s heavily part of the job or can I apply?
You've got Very good skills already, especially in the modern working way credit depts work . But brush up on credit concepts as you'll be tested more on them first. Don't worry about the calculus/algebra part.
@@CertifiedTalks thank you so much for your reply brother. Even with statistics? Do you think it’s worth taking a course or would knowing Python, SQl, excel and tableau be enough?
So there's quite a lot of models to work with eg predicting losses. But it's often other teams who develop them but if you can understand them you'll have a big advantage. Your sql, python will help a lot in your day to day job. Just make sure you know credit concepts and reading financials
A credit risk analyst assesses the likelihood that individuals or businesses may not be able to repay their loans or fulfill financial obligations. They analyze various factors such as credit histories, financial statements, and market trends to evaluate the risk associated with lending money or extending credit. The goal is to help financial institutions make informed decisions, manage risks, and maintain a healthy credit portfolio.
starting a CA role in a few weeks. As an Econ major alot of this stuff I have only minimal knowledge on, so I appreciate this information.
Hope you succeed in the role and you enjoy it!
How is it going now?
Thank you for this video! I have an interview at JPM Chase tomorrow as a credit risk analyst, wish me luck!
Best of luck!
@@CertifiedTalks I got the job! I would have flopped both interviews if it wasn't for this video. Thanks again!
Congrats!! :D have a watch of my other videos on what you should do when you first start a job and latest credit risk analyst video to give you the best start.
@@CertifiedTalks Thank you, I definitely will!
Surprised to see such a good video having so less view. Great one 👍
Super useful and love the quality!!! 10/10
Thank you!😄
Credit risk refers to the potential loss that a lender or investor may incur if a borrower fails to repay a loan or meet their financial obligations. It is the risk that the borrower may default on their payment, leading to financial losses for the creditor. Credit risk assessment involves evaluating the borrower's creditworthiness, which includes analyzing their credit history, financial health, and other relevant factors. Effective management of credit risk is crucial for financial institutions to make informed lending decisions and safeguard their financial stability.
Well explained mate!
Excellent video! Concise, direct to the point and very useful. Thanks for the knowledge.
Thank you!
Hey man, thanks for making the video (and sending it to me in Reddit xD) I really like this kind of video's and I think a lot more students should have this more specific carreer knowledge, and the hard skills nessecary for a certain job.
Really great video and I am bound to watch more of your work!
Thank you for the words of encouragement and im really happy it was useful for you!
very well explained, this is very instrumental to me. Thank you.
Glad you found it useful!
Thank you for the useful informations you shared with us.
Happy to help!
Very informative covering all the relevant skills which basically applies to every profession in general. Great video 👍
Thanks!
I'm studying MSc Risk and Investment management from Queen's university Belfast, UK and will be completing this September, 2023. As I have started applying for jobs, unfortunately there is no positive response as I'm a fresher. please guide me sir for landing up a job in risk management field. I highly appreciate and thank you for the youtube videos.
Thanks for your comment. It’s tricky to network in Belfast , but what is your undergrad in and do you have any work experience?
@@CertifiedTalks My undergrad is in Instrumentation Engineering from India, as I have shifted my career path into risk management via masters, I lack related work experience in risk management, but I'm very optimistic and eager to gain work experience via entry level jobs / internships. I request you to please provide me some insights via your network. Thank you Also, I'm willing to relocate for job anywhere within UK.
very informative video please keep it up
Thank you, I will for sure!
Great video!
Thank you so much. This is helpful..
Thank you for supporting the channel and best of luck in your career !
Very informative. Thanks for the video. What do you think of Investment Analyst as the next step if somebody wants to pivot his/her skills into a new role?
tapping in
Thanks for the content!
Happy to help bro!
Thanks for this information
I just took an offer for a credit risk analyst at a bank that is $90k USD base salary in a moderate COL area. I also only have 1 YOE. Are your numbers inaccurate or did I just get a great offer?
Congrats on your offer and you got a good one. But also I tried to incorporate all industries credit risk salaries, not just working in banking. Working in banks and doing credit risk that sounds accurate to be given that, slightly on the higher side if its just base.
Nice!
Please guide me how can I learn credit risk modelling and master it . Please tell me the roadmap
this is a good question, i will look into something useful for you
@@CertifiedTalks Hi, do you have something now? Please direct me to where it has been shared. Thanks.
Good job!
At 6:02 what's is the skill? I'm sorry but I'm from Brazil and I wasn't able to get that! 😅
Ow I get it now SQL
Yes my friend! In some places its pronounced sequal and in other places its called S Q L
Thanks for sharing information. Currently i am working as credit underwriting manager in home loan department and i would like to change my carrer to credit risk. So, can you please suggest which course will helpful in future growth as a credit risk analyst. Waiting for your reply sir.
You have a lot of good base knowledge but make sure you become familiar with the financial statements. There might be introductory ACCA courses to do which can help and show employees. Long run you can look at CA or CFA but only if it's a serious career and struggling to get into it
Hi, I have minimal coding experience, how can i prepare for it during my interview?
You wont generally be asked coding questions. Focus more on credit analysis for interviews. But doing SQL as a basics via online courses would give you a big advantage compared to someone who doesn’t know it.
Hi, I am Chartered Accountant. I want to apply for credit risk analyst. I got calls from banks, finance company and JPM chase. What should I prepare and is Financial modelling course gonna help me?
Hi,that was really informative. Can you please help provide any course links that we can pursue for coding
Thanks
If you add on LinkedIn it'd be easier to provide!
How long and often are your meetings with clients?
Hiii.... I m currently a ACCA student i just want to ask what exactly can i do from now to work as a Credit Analyst which subject in ACCA to master in? And what other techincal skills should i possess
Mastering understanding the financial statements is very important. Make sure your fundamentals are good and you're always questioning what customer says about their statements. Read some credit rating reports to have an idea e.g. Moodys. And learn sql.
FRM can add value to my Credit risk analyst career?
Yes it will, I will be making a video on that. Its a very well respected qualification.
Hi I have a data analyst degree and can code but I do not have an in depth maths background such as calculus, linear algebra etc. Is this something that’s heavily part of the job or can I apply?
You've got Very good skills already, especially in the modern working way credit depts work . But brush up on credit concepts as you'll be tested more on them first. Don't worry about the calculus/algebra part.
@@CertifiedTalks thank you so much for your reply brother. Even with statistics? Do you think it’s worth taking a course or would knowing Python, SQl, excel and tableau be enough?
So there's quite a lot of models to work with eg predicting losses. But it's often other teams who develop them but if you can understand them you'll have a big advantage. Your sql, python will help a lot in your day to day job. Just make sure you know credit concepts and reading financials
Is this is best to do Course Of Credit Rosk Analysts
What kind of courses are you referring to? Formal education or online ? And at what level are you looking for when it comes to jobs?
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