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Compliance analyst vs risk analyst

The differences between compliance analysts and risk analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $59,108 average annual salary of a compliance analyst.

The top three skills for a compliance analyst include powerpoint, customer service and risk assessments. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.

Compliance analyst vs risk analyst overview

Compliance AnalystRisk Analyst
Yearly salary$59,108$81,484
Hourly rate$28.42$39.17
Growth rate6%9%
Number of jobs26,13871,284
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 71%
Average age4640
Years of experience-4

What does a compliance analyst do?

A compliance analyst is in charge of ensuring that every operation and aspect in a company or facility adheres to the laws and regulations. They are also responsible for conducting regular inspections and assessments, producing reports and presentations, disseminating necessary information and reminders, researching existing policies and laws related to the industry, and remaining updated with new regulations. Furthermore, there are instances when a compliance analyst must gather requirements and process them to receive compliance certifications from agencies.

What does a risk analyst do?

As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions. You will be responsible for aggregating data from several sources to develop a comprehensive assessment and create reports, processes, and presentations to better present results. You are also expected to work closely with other team members to analyze and show data effectively.

Compliance analyst vs risk analyst salary

Compliance analysts and risk analysts have different pay scales, as shown below.

Compliance AnalystRisk Analyst
Average salary$59,108$81,484
Salary rangeBetween $39,000 And $87,000Between $59,000 And $112,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaConnecticut
Best paying companyMetaThe Citadel
Best paying industryTechnologyManufacturing

Differences between compliance analyst and risk analyst education

There are a few differences between a compliance analyst and a risk analyst in terms of educational background:

Compliance AnalystRisk Analyst
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Compliance analyst vs risk analyst demographics

Here are the differences between compliance analysts' and risk analysts' demographics:

Compliance AnalystRisk Analyst
Average age4640
Gender ratioMale, 43.5% Female, 56.5%Male, 53.4% Female, 46.6%
Race ratioBlack or African American, 11.5% Unknown, 4.4% Hispanic or Latino, 15.2% Asian, 8.0% White, 60.1% American Indian and Alaska Native, 0.8%Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1%
LGBT Percentage12%7%

Differences between compliance analyst and risk analyst duties and responsibilities

Compliance analyst example responsibilities.

  • Manage FHA, FHLMC, FNMA, VA and GNMA files.
  • Manage monthly allocation process & governance to non-Germany regions, balancing regions & projects.
  • Serve as TeamRoom/SharePoint administrator, including managing the SharePoint migration project.
  • Lead annual Medicare data validation exams; distribute regulations, hold informational meetings, perform quality assurance checks of data.
  • Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
  • Conduct Sarbanes-Oxley on big data audits, analyze statistical trends and control audits for fee governance efforts.
  • Show more

Risk analyst example responsibilities.

  • Create programs in Java to automate trade execution and ensure market clear downloads are facilitate by the same.
  • Manage financial derivative models to ensure accurate calculation, structure and pricing.
  • Manage investigation and reporting of occurrences to applicable regulatory agencies when indicate and facilitate disclosure to patients and families.
  • Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
  • Manage treasury workstation steering team for automation of core treasury operations for increase reliability of financial reporting and decision making.
  • Use SAS and SQL to originate and maintain analytic data marts and automate reporting.
  • Show more

Compliance analyst vs risk analyst skills

Common compliance analyst skills
  • PowerPoint, 6%
  • Customer Service, 5%
  • Risk Assessments, 5%
  • Regulatory Compliance, 4%
  • Compliance Issues, 4%
  • Compliance Program, 4%
Common risk analyst skills
  • Risk Management, 19%
  • Risk Assessments, 6%
  • PowerPoint, 6%
  • Portfolio, 5%
  • Data Analysis, 4%
  • SAS, 3%

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