Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Best risk analyst certifications
The best certifications for a risk analyst are Chartered Financial Analyst (CFA), Certified Financial Risk Manager (FRM), and Certified Risk Manager (CRM).
Risk analyst certifications demonstrate your competency as a risk analyst to employers. However, not all risk analyst certifications provide the same value.
Below is a list of the best risk analyst certifications. Obtaining a risk analyst certification will give you a leg up when you apply for jobs and increase your potential salary.
5 best certifications for risk analysts
| Rank | Risk analyst certification | Organization |
|---|---|---|
| 1 | Chartered Financial Analyst (CFA) | CFA |
| 2 | Certified Financial Risk Manager (FRM) | GARP |
| 3 | Certified Risk Manager (CRM) | TNA |
| 4 | Associate in Risk Management (ARM) | The Institute... |
| 5 | Project Management Professional (PMP) | PMI |
5 best risk analyst certifications
1. Chartered Financial Analyst (CFA)
The CFA charter is recognized as the definitive standard by which to measure the competence, integrity, and dedication of serious investment professionals.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required?
2. Certified Financial Risk Manager (FRM)
The FRM program is rigorous and is designed to measure a candidate's grasp of the latest technical and industry knowledge; successful completion of the program signifies a candidate's ability to keep pace with a rapidly changing financial landscape.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 5 year(s)
3. Certified Risk Manager (CRM)
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? Every 1 year(s)
4. Associate in Risk Management (ARM)
The Insurance Institute of America's newly revised Associate in Risk Management (ARM) designation program will teach your employees the practical, relevant skills they need to help manage risk at all levels of your company.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required?
5. Project Management Professional (PMP)
The PMP designation following your name tells current and potential employers that you have demonstrated a solid foundation of knowledge from which you can competently practice project management.To be eligible for a PMP Credential, you must first meet specific educational and project management experience requirements and agree to adhere to a code of professional conduct. The final step to becoming a PMP is passing a rigorous multiple-choice examination designed to objectively assess and measure your ability to apply project management knowledge in the following six domains: initiating the project, planning the project, executing the project, monitoring and controlling the project, closing the project, and professional and social responsibility. This computer-based examination is administered globally with translation aids in 10 languages.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
What is the best certification for a risk analyst?
The best risk analyst certification is Chartered Financial Analyst (CFA). The Chartered Financial Analyst (CFA) is awarded by the CFA Institute. The advanced certification is for more experienced employees as it often requires some work experience to acquire.
Here's a bit more background on how to obtain this risk analyst certification:
- To become a certified Chartered Financial Analyst (CFA), you need to pass the exam.
- This certificate requires more than two years of work experience.
- Renew certification every year.
What are some of the most in-demand certifications for risk analysts?
The most in-demand risk analyst certification is Chartered Financial Analyst based on all active job postings. Having this risk analyst certification will give you access to more risk analyst jobs with higher salaries.
What certifications can impact a risk analyst career and salary?
The Associate in Risk Management certification will help you to secure a risk manager position, which will increase your pay and career trajectory. A risk manager's average salary is $121,316 whereas risk analysts make an average salary of $81,484.
The most common combination of risk analyst certifications include: Chartered Financial Analyst (CFA), Certified Financial Risk Manager (FRM), and Certified Risk Manager (CRM).
Online courses for risk analysts to earn certifications
1. Introduction to Compliance Risk Management CRM
Compliance risk management CRM for Compliance, Risk Management, Internal Audit and IS Security Professionals...
2. Informed Risk Taking: Risk Management Process - Analysis
Risk Management Strategies : Risk Analysis Techniques : Risk Management Principles : Risk Management Process : Methods...
3. FATF Recommendations on High Risk Customers and Activities
Overview of FATF Recommendations on AML/ CFT for High Risk Customers and Activities PEPs and Correspondent Relationships...
4. Operational Risks Management ORM
Operational Risks Management ORM Case Studies for Risk Management, Compliance, Audit, IS Security, Banking Professionals...
5. Financial Risk Management (FRM): Foundational FRM Principles
Minimize Financial Risks While Maximizing Financial Reward. + Financial Risk Management (FRM) Process Implementation...
6. Learn Risk Management: Risk Planning in Agile and Scrum
Complete Risk Management and Risk Planning Training: Identify Project Risks, Create Risk Plan and Monitor Risks in Scrum...
7. Risk Management: An Introduction
An essential guide to understanding Risk Management...
8. Project Management Fundamentals: Risk Management
Without risk, there can be no reward. Learn how to your risks it into your allies...
9. The Risk Management Certification Program (PMI-RMP) (PMBOK7)
Planning Risk Management, Identifying Risk, Analyzing Risk and Responding to Risk by PMBOK6 (PMBOK7 Updated)...
10. Risk Management: Hazard Identification & Risk Assessment
Risk Management: Hazard Identification & Risk Assessment (HIRA), Hazard Control & Mitigation, Risk Evaluation Techniques...
11. Health & Safety Risk Assessment
Learn how to conduct a complete risk assessment in your workplace...
12. Project Risk Management
Practice of identifying , analyzing, prioritizing and mitigating risks...
13. Risk Management for PMI Certification
Get Ready for PMI Risk Management Professional Certification Exam...
14. Certified Risk Management FMEA ISO 31000 Expert Accredited
Certified Risk Management Expert ISO 31000: 2018 FMEA Enterprise Risk Management Risk Assessment Risk Analysis...
15. Risk Management for Cybersecurity and IT Managers
The management's guide to understanding Risk Management decisions in cybersecurity and information technology (IT)...
16. ISO 31000. Risk manager training
Understand the framework for managing risk proposed by ISO 31000 and the risk techniques of IEC 31010...
17. Climate Change Risk Management
Introduction to climate change risks and how to mitigate their impact in your business...
18. Risk Management using Failure Modes Effects Analysis (Ed-2)
Conduct Detailed Risk Assessments Build Failproof Processes using FMEA Manufacturing Banking Info Security...
19. Learn Risk Analysis, Evaluation & Assessment - from A to Z
Became an expert of the fundamental tecniques and tools in risk management and assessment (PHA, FTA, FMEA, HAZOP, HACCP)...
20. 3-in-1 Banking, Banking Risk and Compliance Masterclass
The essentials of the banking business (business model, compliance, others), financial risk management and compliance...