How to hire a risk analyst

How to hire a risk analyst, step by step

Here's a step-by-step risk analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a risk analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new risk analyst
• Step 8: Go through the hiring process checklist

What does a risk analyst do?

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1. Identify your hiring needs

   First, determine the employments status of the risk analyst you need to hire. Certain risk analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A risk analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, risk analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   Here's a comparison of risk analyst salaries for various roles:

   Type of Risk Analyst	Description	Hourly rate
   Risk Analyst	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$28-53
   Analyst Internship	An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement... Show more	$13-25
   Corporate Finance Analyst	Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information... Show more	$25-52

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Risk Management
   • Risk Assessments
   • PowerPoint
   • Portfolio
   • Data Analysis
   • SAS
   • Risk Analysis
   • Strong Analytical
   • Customer Service
   • Statistical Analysis
   • Due Diligence
   • Visualization
   • VBA
   • Financial Statements

   Check all skills

   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.

   More risk analyst duties

3. Make a budget

   Including a salary range in the risk analyst job description is a good way to get more applicants. A risk analyst salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

   For example, the average salary for a risk analyst in North Dakota may be lower than in Connecticut, and an entry-level engineer typically earns less than a senior-level risk analyst. Additionally, a risk analyst with lots of experience in the field may command a higher salary as a result.

   Average risk analyst salary

   $81,484yearly

   $39.17 hourly rate

   ---

   Entry-level risk analyst salary

   $59,000 yearly salary

   Updated December 5, 2025

   Average risk analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$103,398	$50
   2	Connecticut	$98,819	$48
   3	New York	$96,065	$46
   4	New Jersey	$92,552	$45
   5	Massachusetts	$90,340	$43
   6	Delaware	$89,005	$43
   7	Pennsylvania	$88,778	$43
   8	Maryland	$85,641	$41
   9	District of Columbia	$85,557	$41
   10	Virginia	$83,556	$40
   11	Ohio	$82,989	$40
   12	Washington	$80,563	$39
   13	North Carolina	$76,890	$37
   14	Nevada	$75,271	$36
   15	Arizona	$73,724	$35
   16	Wisconsin	$73,021	$35
   17	Illinois	$72,108	$35
   18	Texas	$70,941	$34
   19	Georgia	$65,997	$32
   20	Iowa	$65,537	$32

   Average risk analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	The Citadel	$144,823	$69.63	2
   2	Meta	$118,292	$56.87	83
   3	PayPal	$117,183	$56.34	4
   4	Wedbush Securities	$114,917	$55.25	4
   5	Loomis Sayles	$114,778	$55.18	1
   6	Bloomberg	$114,145	$54.88	33
   7	Heritage Financial Group	$114,016	$54.82
   8	Invesco	$112,673	$54.17	4
   9	Neuberger Berman	$112,142	$53.91	5
   10	Pine River Capital Management	$112,027	$53.86
   11	Interactive Brokers	$111,527	$53.62	5
   12	Putnam Investments	$111,373	$53.54
   13	Icma-rc	$111,131	$53.43	1
   14	Bunge	$110,699	$53.22	4
   15	AQR Capital Management	$109,569	$52.68	6
   16	Pacific Gas and Electric	$109,142	$52.47
   17	Google	$108,715	$52.27	28
   18	eBay	$106,727	$51.31	2
   19	Pacific Investment Management Company LLC	$106,629	$51.26	11
   20	Didi Chuxing	$106,625	$51.26

4. Writing a risk analyst job description

   A risk analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a risk analyst job description:

   Risk analyst job description example

   Collaboration drives Nordson's success as a market leader in Industrial Precision Solutions and Advanced Technology. Our employees thrive in an environment where we help each other reach our personal best and enable our company to continuously improve and grow, and our customers to succeed. You will find Nordson employees sharing our success by giving back in the communities around the world where we live and work.
   Essential Job Duties and Responsibilities
   Lead the global process of collecting, reviewing, analyzing, and updating global exposure data in support of the renewal of all insurance policies.Complete applications and work with brokers on underwriting submissions.Manage and maintain all insurance exposure data, documents, and electronic risk management files. Assure compliance with documentation retention policies.Align insurance coverage proposals with global risk strategies.Review policies/quality control of coverage as needed.Coordinate renewal strategy meetings with broker and insurance carrier.Assist with annual budgeting.Assist with annual audits.Analyze loss runs and perform ongoing risk evaluation.Manage collateral obligations and agreements.Track and review insurance premium allocation, management fees, and charge backs.Review and process insurance premium invoices. Act as a back up to process claim loss funding invoices, as needed.Assist internal departments with general contract reviews, insurance certificate requests, proof of insurance, claims processing, and coordinate interface with insurance brokers.Coordinate and Manage all Certificates of Insurance and Auto ID Cards.Report Auto Liability Claims to Nordson's Third Party Administrator. Respond to all information requests for Auto Liability claims and maintain electronic claim files.Assist with other claims management and oversight as directed by supervisor.Communicate policies, strategies, and issues with local entities and insurance brokers.Support the development of and compliance with global risk management policies, procedures, and guidelines.Engage with Nordson business units to understand needs/requirements and identify opportunities to provide solutions to specific risk issues.Track and follow up on Property Loss Engineering recommendations. Coordinate with property insurer, broker, internal facilities and EHS department as needed on recommendations.Other duties as assigned.
   
   Education and Experience
   Bachelor's Degree is required, with a degree in Business, Accounting, Risk Management or Finance preferred.Minimum of three to five years of experience required in commercial insurance related services.Understanding of Commercial Insurance and risk concepts.Relative knowledge and experience in areas of Finance/Accounting, Risk Management, or Safety and Health.
   
   Preferred Skills and Abilities
   Experience and skilled with Microsoft Programs, particularly ExcelStrong written and oral communication skills Strong computer skills Continuous Improvement focus/ Ability to Identify Process ImprovementsAbility to interact effectively with staff and customers at all levels within an extremely fast-paced environment.Strong analytical skills.Detail-oriented and highly organized with a focus on quality and consistency. Strength in documentation.
   
   #LI-JB1
   Nordson Corporation provides equal employment opportunity to all applicants and employees. No person is to be discriminated against in any aspect of the employment relationship due to race, religion, color, sex, age, national origin, ancestry, disability, sexual orientation, gender identity, genetic information, citizenship status, marital status, pregnancy, veteran status or any other status protected by applicable federal, state, or local law. All employment offers are contingent upon successful completion of our pre-employment drug screening and background/criminal check, consistent with applicable laws.

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right risk analyst for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your risk analyst job on Zippia to find and attract quality risk analyst candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   Recruiting risk analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new risk analyst

   Once you've found the risk analyst candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   Once that's done, you can draft an onboarding schedule for the new risk analyst. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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