The average salary for a Risk Analyst is $64,249.
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What Do Risk Analysts Do?
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.
Job Satisfaction for Risk Analyst
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), Morgan Stanley and Citibank. Reported salaries are highest at Morgan Stanley where the average pay is $86,712. Other companies that offer high salaries for this role include Usaa Insurance and Santander, earning around $74,416 and $73,698, respectively. Citibank pays the lowest at around $57,233. EY (Ernst & Young) and J.P. Morgan Chase & Co. (JPMCC) also pay on the lower end of the scale, paying $58,599 and $60,642, respectively.
Risk Analyst Job Listings
What Are Popular Skills for Risk Analysts?
Skills in Risk Management / Risk Control, Data Analysis and SQL are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis and Microsoft Excel.
What is the Pay by Experience Level for Risk Analysts?
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 $57,757 based on 191 salaries. An early career Risk Analyst with 1-4 years of experience earns an average total compensation of $62,938 based on 919 salaries. A mid-career Risk Analyst with 5-9 years of experience earns an average total compensation of $73,798 based on 290 salaries. An experienced Risk Analyst with 10-19 years of experience earns an average total compensation of $77,823 based on 158 salaries. In their late career (20 years and higher), employees earn an average total compensation of $79,948.
Pay Difference by Location
Employees with Risk Analyst in their job title in San Francisco, California earn an average of 23.5% more than the national average. These job titles also find higher than average salaries in New York, New York (23.0% more) and Boston, Massachusetts (20.3% more). The lowest salaries can be found in Atlanta, Georgia (7.8% less) and Houston, Texas (0.7% less).
Years of Experience
This data is based on 1,599 survey responses.