Role Description

Technical > Risk Analyst

Salary National Average

Low Medium High
70810.0000 86270.0000 106370.0000

Supply and Demand

Candidate Supply: 1,087 Job Openings: 323

0 50 100

More Difficult Less Difficult

Salary Variance

Enter City, State to view local salaries and candidate demand.

Short Description:

Risk analysts review all potential risk factors involved in running a business. Such risk factors may include problems with the physical location of the organization, potential for robberies, and the likelihood of employees being injured on the job. After reviewing these factors, analysts make suggestions on how to safeguard an organization against risks, such as purchasing additional insurance plans or implementing employee safety protocols.

Duties / Responsibilities:

  • Analyze and determine risks to help clients make sound financial decisions.
  • Determine solutions to minimize or eliminate risks.
  • Help clients meet financial goals.
  • Analyze financial statements such as profit and loss, company budget and employee headcount reports.
  • Compile reports showing the proposed plan of action for existing and potential clients
  • Review other risk factors including problems with the physical location of the organization, potential for robberies and the likelihood of employees being injured on the job.
  • Examine and interpret statistical reports.
  • Predict the future trends from the current developments in the market and recommend the management accordingly to plan the strategies.
  • Monitor and assess the post-period implementation of risk management strategies.
  • Aid in the constructive developments for the company to create good capital.

Skills / Requirements / Qualifications

  • Technical Knowledge: Knowledge of technical tools such as financial, analytical, accounting, and statistical tools
  • Regulation Knowedge: Knowledge of bank regulation and different categories of risk is essential 
  • Modeling: Able to create and use complex modeling techniques to provide a clear picture of the decisions taken
  • Communication: Ability to communicate your ideas through presentations and reports
  • Decision Making: Need intense decision-making skills to manage risk at the right time and create a risk level that the company is capable of handling
  • Negociation: Ability to maintain good communication and negotiation skills to manage risk

Job Zones

  • Title: Job Zone Three: Medium Preparation Needed
  • Education: Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree.
  • Related Experience: Previous work-related skill, knowledge, or experience is required for these occupations. For example, an electrician must have completed three or four years of apprenticeship or several years of vocational training, and often must have passed a licensing exam, in order to perform the job.
  • Job Training: Employees in these occupations usually need one or two years of training involving both on-the-job experience and informal training with experienced workers. A recognized apprenticeship program may be associated with these occupations.
  • Job Zone Examples: These occupations usually involve using communication and organizational skills to coordinate, supervise, manage, or train others to accomplish goals. Examples include hydroelectric production managers, travel guides, electricians, agricultural technicians, barbers, court reporters, and medical assistants.
  • Specific Vocational Preparation in years: 6.0 to < 7.0)

Share Role Details

Return to job listings