Risk Management Analyst Salary

Risk Management Analysts in the United States earn an average of $61K per year; salaries are particularly strong in New York, where workers earn around $78K. Risk Management Analysts will also find cushy salaries in San Francisco (+11 percent), Boston (+11 percent), Los Angeles (+4 percent), and Minneapolis (+4 percent). The numbers in this rundown were provided by PayScale's salary survey participants.
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$42,445 - $87,156

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$14.64 - $28.34

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$31K$62K$93K
Salary
$42,445 - $87,156  
   
Bonus
$4.21 - $11,915  
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).
)
$41,171 - $90,481  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 374
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$16$32$48
Hourly Rate
$14.64 - $28.34  
   
Overtime
$17.80 - $39.45  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Bonus
$4.21 - $11,915  
   
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).
)
$41,171 - $90,481  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 49
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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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Many Risk Management Analysts move into a Risk Management Manager role, and folks who currently hold that position report a much higher median income of $84K per year.

Risk Management Analyst Job Listings

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Popular Employer Salaries for Risk Management Analyst


Popular Skills for Risk Management Analyst


Survey results imply that Risk Management Analysts put a diverse skill set to use. Most notably, skills in Data Analysis, Financial Analysis, Risk Management / Risk Control, and Microsoft Excel are correlated to pay that is above average. Insurance and Claim Handling, on the other hand, are typically associated with much lower pay. Those familiar with Microsoft Excel also tend to know Financial Analysis.

Pay by Experience Level for Risk Management Analyst

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


Although individuals who have less than five years' experience earn $58K on average, people with five to 10 years benefit from a notably larger average of $71K. 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

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Experience Affects Risk Management Analyst Salaries


Experienced
up arrow 10%

Late-Career
up arrow 10%

National Average
$61,000


Skills That Affect Risk Management Analyst Salaries

Data Analysis
up arrow 19%

Financial Analysis
up arrow 8%

Risk Management / Risk Control
up arrow 2%

Microsoft Excel
up arrow 1%

National Average
$61,000

Claim Handling
up arrow 21%

Insurance
up arrow 22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 71 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
8%
1-4 years
45%
5-9 years
26%
10-19 years
16%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 87%
vision benefits Vision: 73% employee benefits None: 6%
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