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Risk Management Analyst Salary

Risk Management Analysts in the United States earn an average of $60K annually, and top pay can be found in New York, where the average is $78K. Risk Management Analysts can also look forward to large paychecks in cities like San Francisco (+13 percent), Boston (+11 percent), Los Angeles (+5 percent), and Atlanta (+3 percent). Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$41,854 - $87,035
(Median)
$42K
$60K
$87K
MEDIAN: $60,447
10%
50%
90%

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$14.65 - $27.39
(Median)
$15
$21
$27
MEDIAN: $20
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$31K$62K$93K
Salary
$41,854 - $87,035  
   
Bonus
$198.66 - $12,167  
Profit Sharing
$0.00 - $4,250  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,479 - $90,234  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 377
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$16$32$48
Hourly Rate
$14.65 - $27.39  
   
Overtime
$17.64 - $36.00  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Bonus
$198.66 - $12,167  
   
Profit Sharing
$0.00 - $4,250  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,479 - $90,234  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 51

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United States (change)


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Job Description for Risk Management Analyst

Depending on the field and employer, a risk management analyst may have a variety of responsibilities. Generally speaking, this employee is a person who studies the ways large companies avoid financial risks and potential pitfalls, and makes suggestions to improve these systems and maintain their efficiency.

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Risk Management Analyst Tasks

  • Maintain and implement the risk management plan.
  • Analyze portfolio trends, score cut offs, loss trends, and portfolio dynamics.
  • 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.

Common Career Paths for Risk Management Analyst


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Though some Risk Management Analysts move into positions like Risk Management Manager (where the average salary is $84K), this progression is not the norm.

Risk Management Analyst Job Listings

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Popular Employer Salaries for Risk Management Analyst


Popular Skills for Risk Management Analyst


Risk Management Analysts generally report applying a varied skill set to their work. Most notably, skills in Data Analysis, Financial Analysis, Risk Management / Risk Control, and Microsoft Excel are correlated to pay that is above average, with boosts between 4 percent and 17 percent. Insurance and Claim Handling, on the other hand, are typically associated with much lower pay. Most people who know Microsoft Excel also know Financial Analysis.

Pay by Experience Level for Risk Management Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Workers in their first five years can expect to earn $57K, but people who have been around for five to 10 years earn a noticeably bigger sum of $68K. People with 10 to 20 years of experience make an average of about $67K in this role. Veterans who have surpassed the 20-year mark may make no more than those who are navigating the mid-career stage.

Pay Difference by Location

Related Job Salaries

United States (change)

Experience Affects Risk Management Analyst Salaries


Experienced
up arrow 12%

Late-Career
up arrow 10%

National Average
$60,000


Skills That Affect Risk Management Analyst Salaries

Data Analysis
up arrow 17%

Financial Analysis
up arrow 7%

Risk Management / Risk Control
up arrow 4%

Microsoft Excel
0%

National Average
$60,000

Claim Handling
up arrow 19%

Insurance
up arrow 21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 83 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
9%
1-4 years
45%
5-9 years
26%
10-19 years
15%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 85%
vision benefits Vision: 70% employee benefits None: 8%
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