The average salary for a Risk Management Analyst is $70,270.
Risk Management Analyst by
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What Do Risk Management Analysts Do?
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.
Almost all large corporations have risk-management teams. A risk management analyst at a non-financial company will focus mainly on assessing how well the company's insurance works and how …Read more
Risk Management Analyst Tasks
- 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.
- Maintain and implement the risk management plan.
- Analyze portfolio trends, score cut offs, loss trends, and portfolio dynamics.
Job Satisfaction for Risk Management Analyst
Popular Employer Salaries for Risk Management Analyst
The top respondents for the job title Risk Management Analyst are from the companies J.P. Morgan Chase & Co. (JPMCC), The PNC Financial Services Group, Inc. and Dallas County Community College District. Reported salaries are highest at J.P. Morgan Chase & Co. (JPMCC) where the average pay is $81,161. Other companies that offer high salaries for this role include KeyBank, earning around $61,500. Dallas County Community College District pays the lowest at around $47,752. Aon Benfield also pays on the lower end of the scale, paying $56,325.
Risk Management Analyst Job Listings
What Are Popular Skills for Risk Management Analysts?
Skills in Risk Management / Risk Control and Microsoft Office are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis, Microsoft Excel and Data Analysis.
What is the Pay by Experience Level for Risk Management Analysts?
An entry-level Risk Management Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $58,241 based on 60 salaries. An early career Risk Management Analyst with 1-4 years of experience earns an average total compensation of $66,253 based on 304 salaries. A mid-career Risk Management Analyst with 5-9 years of experience earns an average total compensation of $78,444 based on 119 salaries. An experienced Risk Management Analyst with 10-19 years of experience earns an average total compensation of $81,769 based on 99 salaries. In their late career (20 years and higher), employees earn an average total compensation of $78,431.
Pay Difference by Location
Employees with Risk Management Analyst in their job title in San Francisco, California earn an average of 21.7% more than the national average. These job titles also find higher than average salaries in New York, New York (21.5% more) and Charlotte, North Carolina (8.6% more). The lowest salaries can be found in Atlanta, Georgia (18.3% less), Houston, Texas (15.0% less) and Dallas, Texas (11.3% less).
Years of Experience
This data is based on 629 survey responses.