Assess risk factors

Determine the influence of economical, political and cultural risk factors and additional issues.

risk factor assessment
test risk factors
check risk factors
assess a risk factor
judge risk factors
assessing risk factors
appraise risk factors

skill/competence

cross-sector

Assess risk factors is an essential skill of the following occupations:

Ambassador: Ambassadors represent their own government in foreign countries for diplomatic and peace-keeping purposes. They deal with political negotiation between the country of origin and the country where they are stationed and ensure the protection of citizens from their home nation in the nation they are stationed. They facilitate communication between the two nations and perform advisory functions to the home government to help develop foreign policy.
Industrial firefighter: Industrial firefighters are responsible for emergency response in case of a fire outbreak or other hazardous situations in industrial areas or facilities. They actively respond to contain fires and the outbreak of other hazardous substances to protect the industrial crews and premises. They ensure the industrial facility complies with health and safety regulations. They also regulate the clean-up of the scene and assess the damage.
Diplomat: Diplomats represent their home nation and government in international organisations. They negotiate with the organisation’s officials to ensure the home nation’s interests are protected, as well as facilitate productive and friendly communication between the home nation and the international organisation.
Economic adviser: Economic advisers research economic developments and advise on economic problems. They forecast trends and behaviour in economics, and advise on finance, trade, fiscal and other related matters. They advise companies and organisations on techniques to gain economic profit.
Economic development coordinator: Economic development coordinators outline and implement policies for the improvement of a community’s, government’s or institution’s economic growth and stability. They research economic trends and coordinate cooperation between institutions working in economic development. They analyse potential economic risks and conflicts and develop plans to resolve them. Economic development coordinators advise on the economic sustainability of institutions and economic growth.
Consul: Consuls represent governments in foreign institutions such as embassies in order to facilitate economic and political cooperation between the two nations. They protect the interests of their home nation and provide bureaucratic assistance to citizens living as expatriates or travelling in the host country.
Risk manager: Risk managers identify and assess potential threats and risks to a company, and give advice on how to deal with them. They create preventive plans to avoid and reduce risks, and put plans in place for when the company is threatened.
Credit risk analyst: Credit risk analysts manage individual credit risk and care for fraud prevention, business deal analysis, legal documents analysis and recommendations on the level of the risk.
Foreign affairs officer: Foreign affairs officers analyse foreign affairs policies and operations, and write reports outlining their analyses in a clear and comprehensible manner. They communicate with parties who benefit from their findings, and act as advisers in the development or implementation of or reporting on foreign policy. Foreign affairs officers may also perform administrative duties in the department, such as assisting with problems concerning passports and visas. They promote friendly and open communication between different nations’ governments and institutions.

Assess risk factors is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Business economics researcher: Business economics researchers conduct research on topics regarding economy, organisations, and strategy. They analyse macroeconomic and microeconomic trends and use this information to analyse the positions of industries or specific companies in the economy. They provide advice regarding strategic planning, product feasibility, forecast trends, emerging markets, taxing policies, and consumer trends.
Financial manager: Financial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, equity and cash flow aiming to maintain the financial health of the company and operative viability. Financial managers evaluate the strategic plans of the company in financial terms, maintain transparent financial operations for taxation and auditing bodies, and create the financial statements of the company at the end of the fiscal year.
Political scientist: Political scientists study political behaviour, activity and systems, including the elements that fall therein. Their study of the field ranges from the origins and evolution of various political systems to topical matters such as decision-making processes, political behaviour, political trends, society, and power perspectives. They advise governments and institutional organisations on governance matters.
Logistics analyst: Logistics analysts streamline product manufacturing, transportation, storage and distribution. They assess production and supply chain problems to determine economically efficient solutions. They assists company managers in decision-making processes and direct programs designed to provide subcontractors, managers and customers with logistic technology.
Member of parliament: Members of parliament represent their political party’s interests in parliaments. They perform legislative duties, developing and proposing new laws, and communicate with government officials to assess current issues and government operations. They oversee the implementation of laws and policies and function as government representatives to the public to ensure transparency.
Immigration policy officer: Immigration policy officers develop strategies for the integration of refugees and asylum seekers, and policies for the transit of people from one nation to another. They aim to improve international cooperation and communication on the subject of immigration, as well as efficiency of immigration and integration procedures.
International relations officer: International relations officers ensure the development of cooperation between international public organisations and governments. They facilitate communication between their organisation and foreign organisations and develop collaboration strategies, promoting a collaborative relationship beneficial for both parties.
Financial risk analyst: Financial risk analysts correctly identify and review potential risk areas threatening the assets or capital of organisations. They specialise in either credit, market, operational or regulatory risk analysis. They use statistical analysis to evaluate risk, make recommendations to reduce and control risk and review documentation for legal compliance.
Firefighter: Firefighters are responsible for emergency response in case of a fire outbreak or other hazardous situations. They oversee the evacuation of the endangered premises and ensure victims are rescued and taken care of by the appropriate professionals. Once the premises are clear of victims, they ensure the fire is extinguished, compliant with health and safety regulations. They also regulate the clean-up of the scene and assess the damage.
Political affairs officer: Political affairs officers analyse developments in foreign politics and other policy matters, monitor conflicts and consult on mediation measures, as well as other developmental strategies. They write reports to ensure communication with governmental bodies, and develop policies and implementation methods.
Economist: Economists perform research and develop theories in the field of economics, whether for microeconomic or macroeconomic analysis. They study trends, analyse statistical data, and to some extent work with economic mathematical models in order to advise companies, governments, and related institutions. They advise on product feasibility, trend forecasts, emerging markets, tax policies, and consumer trends.
Public affairs consultant: Public affairs consultants function as representatives for a client’s goal. They attempt to persuade legislative bodies and policy makers to implement laws or regulation in accordance with the client’s wishes, and negotiate with parties with potentially conflicting interests. They perform analytical and research duties in order to ensure that the client’s cause is being addressed in an appropriate way to the appropriate parties. They also consult their clients on their causes and policies.
Embassy counsellor: Embassy counsellors supervise specific sections in an embassy, such as economics, defence or political affairs. They perform advisory functions for the ambassador, and perform diplomatic functions in their section or specialty. They develop policies and implementation methods and supervise the embassy section’s staff.
Trade development officer: Trade development officers develop and implement trade policies both internally and in international import and export relations. They analyse the domestic and foreign markets in order to promote and establish business operations, and ensure trade proceedings are compliant with legislation and businesses are protected from distortions.
Policy officer: Policy officers research, analyse and develop policies in various public sectors, and shape and implement these policies to improve the existing regulation around the sector. They evaluate effects of existing policies and report findings to the government and members of the public. Policy officers work closely with partners, external organisations or other stakeholders and provide them with regular updates.
Corporate banking manager: Corporate banking managers offer advice on a broad range of financial goods and services such as securities services, credit services, cash management, insurance products, leasing, information on merges and acquisitions and capital markets activities, to institutions and organisations.
Provincial governor: Governors are the main legislators of a nation’s unit such as a state or province. They supervise staff, perform administrative and ceremonial duties, and function as the main representative for their governed region. They regulate local governments in their region.

References

1. Assess risk factors – ESCO