Credit Risk Analyst Resume

Every financial institution which has a lending or credit product in their portfolio uses the expertise of a credit risk analyst to determine if the solicitant should be granted the required amount of money. This job received a negative publicity after the late 2000’s financial crisis, when it was stated that some credit risk analysts gave positive scores to sub-prime borrowers another name for people who had no means of ever repaying their debt.

A credit risk analyst’s job is to evaluate bank statements, income statements and other financial documents and to perform calculations to see if the lender has the financial power to repay the loan in the assigned amount of time, with the agreed interest rate. For this, it is required that the analysts have a solid education in accounting, finance or even mathematics, and at least 5-7 years of experience in in working with fiscal documents.

In this job you will need good understanding of algorithms, computation methods and the software that can perform such simulations. The job consists of computing certain ratios and comparing them to existing benchmark values. In the case of a borderline value, additional information is required and the loan might be granted under certain conditions, which include payment history, growth projections or credit scores.

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Tips for Credit Risk Analyst Resumes

Risk assessment

The main duty of the credit risk analyst is to take into consideration all available documents and include the borrower in a risk category by evaluating correctly the possible negative situations that could arise. Preparing the credit package is part of this and even a negative response could be good news, since it means that the specialist is trying to avoid to put the individual in a difficult situation, and at the same time, to prevent frauds.

People management

A credit risk analyst is just one of the financial specialists in charge of accepting or rejecting a credit file. They need to be good team players to work closely with mortgage specialists, underwriters, investment analysts and evaluators. The combined opinions of the team define the final score and grant or stop the approval of the credit.

Customer orientation

Credit risk analysts don’t always work directly with clients, but they still need to be able to think from the client’s perspective: understand the reasons behind the credit request, understand the financial situation both present and future in order to provide the best solution available.

Credit Risk Analyst Resume Samples

The following resume samples and templates for credit risk analyst can help you get a better idea of what your resume can look like.

When applying to a credit risk analyst job it is important to highlight your ability to use dedicated software and think in scenarios. This is one of the jobs where your achievements are measured in cold cash, therefore using ratios and numbers is highly encouraged.

Additional Credit Risk Analyst Resume Tips

• Technical abilities– In this job don’t even bother stating your basic MS Office and internet research skills, those are core requirements. Focus on your ability to use dedicated software, such as Experian, NICE, as well as background check solutions (NETR online, Melissa).
• Compliance– As a highly regulated industry, the financial environment requires employees to work within strict limits. Having a good track-record of following corporate rules, as well as state laws, recommends you as a true professional.

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