Skills and Qualifications Required for Entry in the Political Risk Sector The political risk industry tends to attract highly intellectual, well educated and passionate professionals. It is not uncommon for political risk specialists to leverage a network of contacts for on-the-ground appraisals of the political landscape. Political risk specialists help to ease uncertainty about investment decisions and facilitate resilient business operations.įactors and metrics that may be monitored by country risk specialists include political instability, terrorism, corruption, security threats, commodity risk, human rights, investment risk, economic indicators, regulatory developments, social trends, supply chain risks, labour laws, currency convertibility etc. In this particular example, the political risk expert could recommend or urge against investment, suggest alternative locations and will give an accurate analysis of political, social and economic influences that the company should consider. When a company is considering making significant investment (such as opening up a new mining site in Africa), they’ll use a political risk specialist to assess the market-entry viability of their project.
Political risk specialists can support companies in a number of ways including political risk monitoring (regular reporting on certain metrics and conditions) and ad-hoc political risk consultancy which is often far more strategic and project based. There are numerous Political Risk consultancies that support companies with ongoing or ad-hoc in-depth information about the political environment, think tanks such as Chatham House which specialise in International Affairs and a range of corporates in industries like Banking, Extractives, Technology and Insurance who have developed their own in-house political risk and intelligence teams. Political risk analysts are often subject matter experts in a particular geography and it’s common to find country-specific specialists who have an in-depth knowledge of the political landscape in just one area.
They analyse both threats and opportunities for businesses and companies, undertake strategic investment analysis for corporates with investments in multiple jurisdictions and gauge shifting attitudes and factors of risk that may affect the commercial operations of companies in certain regions. Political risk specialists (often called Country Risk analysts) analyse and explore the political, social and economic factors at play across particular geographies, regions and industry sectors on behalf of companies and/or governments. Introduction to the Political Risk sector If you are thinking about embarking upon a career in the Political Risk sector, I hope you find this article useful. As a headhunter that supports many of the political risk teams around the world, I'm often asked about the sector, the entry-requirements & the career path within this niche but fascinating industry.
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