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Salary and Benefits

Risk Analyst
$51K-$62K / yr. (est.)
$51K
$56,757 / year
$62K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Risk Analyst

What does a Risk Analyst do?

As Credit Risk Analysts, we are responsible for conducting a thorough analysis of financial statements and credit evaluation assessment. We maintain credit risk models for mortgage loan portfolios. We build algorithmic solutions to help the model implementation and performance monitoring. Performing stress testing to evaluate portfolio risks in various economic scenarios is also a part of our duty. We evaluate financial data. Working as Credit Risk Analysts, we are responsible for assessing the performance and risks of whole loan and investment portfolios using business intelligence tools. We evaluate mortgage defaults and delinquencies using advanced statistical techniques. Finally, we conduct credit assessments of member institutions based on their financial results.

Core tasks:

  • developing and preparing spreadsheets
  • making recommendations based on credit risk analysis
  • keeping up with the latest financial news and developments
  • consulting with clients regarding financial transactions and credit limits

Insights

How Many Years of Experience Do Professionals Need Before Becoming Risk Analyst?
On average, people work 5-7 years in other positions prior to becoming a Risk Analyst.
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Risk AnalystMiami, FL - 9 months ago
This is just an average, guys. It depends on the person and opportunities available. 🤔
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Risk AnalystSan Francisco, CA - 9 months ago
I can't believe you all are complaining. Hard work pays off, and that's why I'm a Risk Analyst now! 💪
How Long Do Risk Analyst Employees Typically Stay in Their Roles?
On average, Risk Analysts works in this position for 3-5 years across multiple employers.
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Software Engineering ManagerSan Francisco, CA - 9 months ago
Risk Analysts must constantly adapt and learn to thrive in different work environments. It's quite similar to our ever-changing tech world.
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Event PlannerMiami, FL - 9 months ago
😲 3-5 years seems like such a short period! As event planners, we love stability and building long-term relationships with vendors.
What Is the Job Hopper Score for Risk Analyst Employees?
Moderate job changes in Risk Analyst, showing some career movement without excessive turnover.
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Construction WorkerHouston, TX - 9 months ago
What's with all these minor job changes? They should focus on mastering one trade instead of jumping around aimlessly. 😡
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Software EngineerSan Francisco, CA - 9 months ago
This infographic proves that even small job changes can lead to significant gains in expertise and problem-solving abilities. 🚀

Career path

Path to job

Discover a Risk Analyst's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Risk Analyst typically studied at.
New York University
Texas A&M University-Texarkana

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Risk Analyst Employees?
Gender ratio in Risk Analyst position: 0.639855603812962 Male and 0.360144396187038 Female. Age ratio in Risk Analyst position: 16-20: 4%, 21-30: 73%, 31-40: 17%, 41-50: 4%, 51-60: 2%, 60+: 0%. Risk Analyst position is predominantly male (64.0%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Risk AnalystSan Francisco, CA - 9 months ago
I always thought Risk Analyst was a male-dominated field, but seeing these numbers confirms it. We need to break these stereotypes! 🔥
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Risk AnalystNew York City, NY - 9 months ago
Seriously, isn't it time for companies to make a conscious effort to recruit and retain more women in this industry? Come on, let's level the playing field! ✊

Workplaces

Who Are the Top Employers for Risk Analyst?
Top employers of Risk Analyst position: Bank of America, Capital One, Citi. People who work in Risk Analyst position most typically go on to work for the Bank of America.
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Risk AnalystPhiladelphia, PA - 9 months ago
Working at Bank of America might be a good stepping stone, but other employers should be given equal recognition to provide a broader perspective on the field.
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UnderwriterAtlanta, GA - 9 months ago
If you want to be at the forefront of risk assessment and mitigation, working for any of these top employers would be a dream come true for a Risk Analyst like me!
Bank of America
Capital One
Citi
What Industries Does Risk Analyst Typically Have Experience In?
Industry Background: The most typical industries of Risk Analyst: Finance & Insurance, Professional / Scientific / Technical, Information Technology, Retail, Manufacturing. Risk Analyst employees most likely come from a Finance & Insurance industry background.
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Risk AnalystHouston, TX - 10 months ago
Calling it boring just shows your ignorance. Risk analysts are the real superheroes, uncovering hidden dangers and protecting businesses! 💪
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Risk AnalystMiami, FL - 10 months ago
I agree! Being a risk analyst offers great opportunities to learn and grow while having a positive impact on companies' growth and profitability. 😊

Find your job as Risk Analyst

Discussion about Risk Analyst

Want to know more about Risk Analyst position?
Share your thoughts and ideas about Risk Analyst position with others in our community.
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How is the gender diversity among people working as a Risk Analyst?
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Sophie Hayes3 years ago
35% are women in this profession only.
What is the typical age to work as a Risk Analyst?
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Benjamin Gardner3 years ago
The typical age is 28 for a Risk Analyst.
How much experience is typically required to work as a Risk Analyst?
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Benjamin Gardner3 years ago
6 years of experience is needed on average for a Risk Analyst.
Which industries are highly likely to employ a Risk Analyst?
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Sophie Hayes3 years ago
Most typically work in the Finance & Insurance industry.
Speaking of higher education, do I need a degree as a Risk Analyst?
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Sophie Hayes3 years ago
A Bachelor of Science degree could not hurt if you want to be a Risk Analyst
Which company are you working for as a Risk Analyst?
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Sophie Hayes3 years ago
Most people work for Bank of America, Capital One, Citi, JPMorgan Chase & Co. and PayPal
How long do people usually work as a Risk Analyst when they switch to another position?
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Liam Brown3 years ago
4 years is the typical lifespan for a Risk Analyst.
How common is it for a Risk Analyst to jump from company to company?
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Benjamin Gardner3 years ago
A typical Risk Analyst might work for one or two companies.
What jobs do people work in before becoming a Risk Analyst?
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Isabella Holmes3 years ago
You have a good chance of becoming a Risk Analyst if you are working as Financial Analyst, Analyst or Business Analyst
If I’m working as a Risk Analyst, what next position could I have?
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Liam Brown3 years ago
Consider the following: Risk Manager, Vice President or Financial Analyst
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Disclaimer

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