Risk Control Specialist Salary
Average Risk Control Specialists in the United States make around $71K annually. Job satisfaction is high and work is enjoyable for most Risk Control Specialists. Men working as Risk Control Specialists who took the survey just slightly outnumber women at 57 percent. The data for this synopsis comes from respondents who took the PayScale salary survey.
|Salary||$35,588 - $92,119|
|Total Pay (||$33,728 - $98,376|
Job Description for Risk Control Specialist
Risk control specialists are responsible for assessing the risk-levels of various pieces of technology.Read More...
These specialists have a range of responsibilities, including: ensuring that product- and service-managers have implemented the correct risk and control framework; assessing risks of products; monitoring risks and finding ways to minimize them; performing thorough reviews of products and systems; working with other employees to ensure that correct procedures are followed; and working closely with technology risk managers in order to solve these problems.
Risk control specialists generally work during traditional business hours, though shifts may vary depending on the employer. Generally, long and stressful hours should be expected and candidates must be prepared to work in a fast-paced, high-risk environment where small mistakes could have serious consequences.
Candidates for the position should be team-oriented and have a strong work ethic, positive attitude, passion for their work, and the will to improve relationships with current and potential customers. A bachelor's or master's degree and three to five years of experience in a relevant field are generally required for this position, and excellent verbal and written communication skills are important to make managerial decisions under pressure; experience with Microsoft Office products is also beneficial.
Risk Control Specialist 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.
Pay by Experience Level for Risk Control Specialist
Pay by Experience for a Risk Control Specialist has a positive trend. An entry-level Risk Control Specialist with less than 5 years of experience can expect to earn an average total compensation of $64,000 based on 10 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Risk Control Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $75,000 based on 5 salaries. An experienced Risk Control Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $85,000 based on 11 salaries. A Risk Control Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $100,000 based on 9 salaries.
Key Stats for Risk Control Specialist