Risk Control Analyst Salary
The average salary for a Risk Control Analyst is $59,149 per year. For the first five to ten years in this position, salary increases steeply, but any additional experience does not have a big effect on pay. People in this job generally don't have more than 20 years' experience.
Job Description for Risk Control Analyst
Risk control analysts are responsible for determining an organization’s financial risks pertaining to investments and operational costs. These analysts generally work in indoor office environments, though minimal travel may be required for the job. While they usually work during traditional office hours, some employers may require extended hours. They may work either independently or on a team with other analysts.Read More...
Risk control analysts have a variety of responsibilities, including: analyzing all financial risks; evaluating all investments and operational costs; foreseeing potential risks; safeguarding their organization against all risks; examining statistical reports; gathering and mining data; coordinating with various departments; and using all resources to analyze risks associated with the organization.
Candidates for this position should have a bachelor’s degree in a field related to business, business administration, or finances and five years of experience within the industry; some employers may prefer those who have a master’s degree and/or professional certifications. Applicants should be highly organized, attentive to detail, analytical in nature, and able to work effectively in high-stress situations.
Risk Control Analyst Tasks
- Assist in preventing, identifying, analyzing, handling, tracking, reducing and controlling risks to customer or company.
- Monitor for fraud, accounts that are nearing their credit limit, and past due accounts.
- Maintain and implement the risk management plan.
- Analyze portfolio trends, score cut offs, loss trends, and portfolio dynamics.