Most Important Skills For A Risk Management Executive At A Major Bank
For a Capital Risk Management Executive role at a major North American bank, "a good mix of qualitative and quantitative skills" is essential, involving the ability to analyze data, identify trends, and "tell the story through data". Crucially, one must translate complex information into digestible insights for leadership and form informed opinions to guide them, adding value beyond simply presenting raw data.
Data Analysis, Communication, Leadership, Quantitative Skills, Qualitative Skills
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
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Ryan Almquist
Capital Risk Management Executive
Major North American Bank
Wake Forest University
N/A
Business Management & Admin
Finance (Banking, Fintech, Investing)
Strategic Management and Executive
Video Highlights
1. Importance of both qualitative and quantitative skills: The role requires a blend of analyzing data to identify trends and effectively communicating insights to leadership.
2. Translating complex data for leadership: A key skill is the ability to simplify complex data into digestible information for senior leaders who may not be deeply involved in the details.
3. Forming opinions based on data analysis: The role involves more than just presenting data; it requires forming informed opinions and providing valuable insights to leadership.
Transcript
What skills are most important for a job like yours?
From a skillset perspective, it's important to have a good mix of qualitative and quantitative skills. There's definitely an element of being able to look at data and identify trends, and make sense of numbers to help tell the story through data.
But there's also a heavy reliance on being able to communicate that to leadership. Many senior leaders are not quite as involved in the weeds as individual teams are.
So there's a skill in translating what might be a complex topic into something more digestible for leadership, as well as being able to form an opinion. Ideally, my team looks at the data, forms an opinion, and then informs leadership, rather than just sending data to leadership. There's value added in between.
So, a good combination of qualitative and quantitative skills is important. For the most part, those can be learned on the job. This job didn't necessarily exist when I was in college.
I think a good foundational base, developed in my general business degree path, helped me later in my career develop some of these more niche skills.
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