Become a Treasury Risk Analyst: Step-by-Step Career Guide

Mar 10, 2020

Research the requirements to become a treasury risk analyst. Learn about the job description and duties and read the step-by-step process to start a career as a treasury risk analyst.

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Should I Become a Treasury Risk Analyst?

A treasury risk analyst makes sure a company's finances are sufficient and will continue to be so in the future to satisfy its financial needs. Many of these professionals' job duties include conducting a daily analysis of cash and investment balances, reviewing insurance balances to ensure they are adequate, managing insurance invoices and bills, tracking debt agreements, and coordinating third-party payments.

Treasury risk analysts, like other financial analysts, spend the majority of their work hours in an office setting, though some light travel may be required. Jobs may be found with the government, corporations, financial institutions, or security and commodity brokerages. Most such analysts work full-time, though overtime is common. The U.S. Bureau of Labor Statistics reported a median annual salary of $85,660 for financial analysts in May 2018.

Career Requirements

Degree Level Bachelor's degree is the minimum education to qualify, but many employers prefer candidates with master's degrees
Degree Field Accounting, finance, financial engineering, or computational finance
Certification or Licensure None required, but some employers seek Certified Public Accountants (CPA)
Experience 3-5 years in finance or a related field
Key Skills Must be detail-oriented, able to multi-task, and possess strong oral and written communication skills

Source: U.S. Bureau of Labor Statistics

Steps to Become a Treasury Risk Analyst

Let's go over the steps you'll need to take to become a treasury risk analyst.

Step 1: Earn a Bachelor's Degree

Bachelor's degree programs in finance or accounting can prepare students for work as treasury risk analysts. These programs usually require four years to complete. Classes in a finance program cover topics like investment principles, financial markets, and decision-making. Some programs allow students to concentrate their studies in areas like business finance, financial investments, and planning or financial analysis. Bachelor's degree programs in accounting include coursework in topics like auditing, economics, cost accounting, and federal income tax. Other classes include financial accounting, business communications, statistics, and business law.

Some schools offer dual-degree programs in which students earn a Bachelor of Science in Accounting and a Master of Business Administration (MBA) and can become eligible to earn licensure as a CPA. These programs normally take five years to complete. MBA classes in these programs include organizational leadership, ethical issues in business, performance metrics, and process management systems. Some programs might also require students to earn industry-related certificates during their studies. Graduates of these programs might be eligible for more job opportunities than individuals who only possess a bachelor's degree.

Success Tips

  • Complete an internship. Students in a bachelor's degree program may be able to participate in an internship with a local business. As interns, these students may gain experience conducting the tasks they will perform as treasury risk analysts. This experience may impress potential employers.
  • Participate in a project. Bachelor's degree programs focusing on finance may allow students to participate in a finance-related project or a student-run investment portfolio. Gaining experience managing a portfolio or handing a research project related to finance from beginning to end demonstrates the ability to apply learned skills to real-world situations.

Step 2: Begin Work in the Field

Most employers of treasury risk analysts require that candidates have 3-5 years of experience working in finance or a related field. One way to gain this experience is to work as a budget analyst. According to the U.S. Bureau of Labor Statistics (BLS), working as a budget analyst typically does not require having work experience. A budget analyst reviews departmental funding requests, analyzes budget requests to ensure they comply with laws and regulations, develops an organization's budget, and estimates future budgetary needs of the different departments in a company.

Graduates of accounting programs might consider working as an accountant. The BLS explains that working as an accountant requires possessing a bachelor's degree but that experience isn't necessarily required. Accountants review financial documents to ensure that they're legal and accurate, calculate the amounts of owed federal or state taxes, and maintain an organization's financial records.

Success Tip

  • Consider becoming a CPA. Many employers of treasury risk analysts seek candidates who are Certified Public Accountants (CPAs). The requirements for CPA licensure are established by each state, but generally include having a bachelor's degree and two years of work experience. Licensure must be maintained by completing state-established continuing education requirements. Being a CPA could make an individual eligible for more treasury risk analyst job positions.

Step 3: Consider Earning an MBA

Many employers prefer to hire candidates who have an MBA. Therefore, possessing this advanced degree may make an individual more attractive to employers. MBA degree programs commonly require completion of 48 credit hours in topics such as financial reporting, statistics, managing costs, and managerial economics. These programs may allow students to participate in an internship, engage in a global study experience, or complete a specialization in an area like financial management or accounting. Classes for some programs are available in the evenings or on the weekends to accommodate working students.

You need at least a bachelor's degree to work as a treasury risk analyst, but employers may have further requirements, like a master's degree or CPA.

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