Having an FRM (Financial Risk Manager) certification signifies expertise in financial risk management. Combining this with complementary skills can provide leverage to your FRM designation and growth in the finance industry. Here are some valuable skills to consider alongside your FRM certification.  

1. Data Analysis and Analytics

Proficiency in data analysis and the ability to interpret financial data can help you make informed risk management decisions. Skills in data visualization, statistical analysis, and using tools like Excel, Python, or R for data analysis can be valuable. 

2. Programming

Knowledge of programming languages like Python, R, or MATLAB can be advantageous, especially for developing risk models, automating tasks, and working with financial data.  

3. Regulatory Knowledge

Staying updated with financial regulations and compliance requirements is crucial, especially in risk management. Understanding the regulatory landscape can help you effectively manage risks within the legal framework. 

4. Economic and Financial Market Knowledge

Understanding economic trends, financial markets, and macroeconomic factors that can impact risk profiles is important for effective risk management.  

5. Problem-Solving and Critical Thinking

      Risk management often involves analysing complex scenarios and making decisions under uncertainty. Strong problem-solving and critical thinking skills are essential for identifying potential risks and devising mitigation strategies.  

6. Quantitative Skills

Strong quantitative skills are crucial for risk management roles. Understanding complex mathematical concepts and being able to apply quantitative methods to assess and manage risks is essential.  

7. Soft Skills

Collaboration, teamwork, and the ability to work effectively with colleagues from various departments can enhance your effectiveness as a risk manager.  

The relevance of these skills is confirmed in the Global risk role scenario; however, each risk domain may be a better fit for any of these specific skills and also it depends upon individual strengths and weaknesses to best optimize the complementary skills conditional on personal interest, opportunity, and economic conditions.