The average salary for a Risk Analyst is $62,616.
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$45k - $94k
$984 - $14k
$505 - $8k
$0 - $250
$42k - $99k
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Job Description for Risk Analyst
Risk analysts work primarily for banks or insurance companies and their tasks include carefully verifying potential clients' application information, following up on missing documentation and data with applicants or potential clients, and obtaining data from various agencies, such as credit bureaus, to verify data and information submitted by applicants. They must also be able to interpret corporate or merchants' financial statements and/or personal credit reports and maintain good relationships…Read more
Risk Analyst Tasks
- Analyze data to calculate risks and outcomes.
- Aggregate and transform data from multiple sources to produce consistent results.
- Audit data and establish quality control measures.
- Create reports and summaries, and document processes and procedures.
Popular Employer Salaries for Risk Analyst
The top respondents for the job title Risk Analyst are from the companies J.P. Morgan Chase & Co. (JPMCC), Citibank and Morgan Stanley. Reported salaries are highest at Morgan Stanley where the average pay is $83,896. Other companies that offer high salaries for this role include Santander and Credit Suisse, earning around $75,000 and $73,194, respectively. Citibank pays the lowest at around $58,593. J.P. Morgan Chase & Co. (JPMCC) and EY (Ernst & Young) also pay on the lower end of the scale, paying $61,726 and $64,980, respectively.
Risk Analyst Job Listings
Popular Skills for Risk Analyst
Skills in Risk Management / Risk Control, Data Analysis, Financial Analysis and SQL are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel.
Pay by Experience Level for Risk Analyst
An entry-level Risk Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $55,617 based on 462 salaries. An early career Risk Analyst with 1-4 years of experience earns an average total compensation of $61,628 based on 962 salaries. A mid-career Risk Analyst with 5-9 years of experience earns an average total compensation of $72,007 based on 337 salaries. An experienced Risk Analyst with 10-19 years of experience earns an average total compensation of $76,962 based on 176 salaries. In their late career (20 years and higher), employees earn an average total compensation of $78,180.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Risk Analyst in their job title in San Francisco, California earn an average of 23.0% more than the national average. These job titles also find higher than average salaries in New York, New York (21.5% more) and Boston, Massachusetts (21.2% more). The lowest salaries can be found in Atlanta, Georgia (1.8% less).
Years of Experience
This data is based on 1,971 survey responses.
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