Avg. Base Salary (USD)
The average salary for a Risk Analyst is $62,571
What is the Pay by Experience Level for Risk Analysts?
An early career Risk Analyst with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $60,678 based on 21 salaries. A mid-career Risk Analyst with 5-9 years of experience earns an average total compensation of $75,000 based on 6 salaries.
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 …Read more
- 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.