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Risk analyst vs senior analyst

The differences between risk analysts and senior analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a risk analyst and a senior analyst. Additionally, a senior analyst has an average salary of $84,799, which is higher than the $81,484 average annual salary of a risk analyst.

The top three skills for a risk analyst include risk management, risk assessments and powerpoint. The most important skills for a senior analyst are analytics, data analysis, and tableau.

Risk analyst vs senior analyst overview

Risk AnalystSenior Analyst
Yearly salary$81,484$84,799
Hourly rate$39.17$40.77
Growth rate9%11%
Number of jobs71,284159,807
Job satisfaction-5
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 68%
Average age4044
Years of experience44

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.

What does a senior analyst do?

A senior analyst's responsibilities will vary in every organization or industry. However, their primary role is to gain an understanding of a company's strengths and weaknesses. Through this, they can devise strategies and determine new opportunities that would be significant in attaining financial gains and a more substantial client base. Furthermore, it is a senior analyst's responsibility to coordinate with various departments, and even clients, to establish a rapport that will be essential in gaining the needed information to catapult a company to its finest.

Risk analyst vs senior analyst salary

Risk analysts and senior analysts have different pay scales, as shown below.

Risk AnalystSenior Analyst
Average salary$81,484$84,799
Salary rangeBetween $59,000 And $112,000Between $63,000 And $112,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateConnecticutNew Jersey
Best paying companyThe CitadelThe Citadel
Best paying industryManufacturingFinance

Differences between risk analyst and senior analyst education

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

Risk AnalystSenior Analyst
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaNorthwestern University

Risk analyst vs senior analyst demographics

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

Risk AnalystSenior Analyst
Average age4044
Gender ratioMale, 53.4% Female, 46.6%Male, 61.8% Female, 38.2%
Race ratioBlack 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%Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2%
LGBT Percentage7%12%

Differences between risk analyst and senior analyst duties and responsibilities

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

Senior analyst example responsibilities.

  • Manage and lead a team through the verification and validation process to ensure ISO audit findings are permanently resolve.
  • Experience with the PMI methodology for project managing.
  • Lead developers with complex DB2 coding efforts reducing system overhead.
  • Ensure adequate liquidity in each fund while managing WAM exposure across treasury bills.
  • Manage all monthly and quarterly reporting for the pump segment of the company (PMI).
  • Manage reconciliations of accounts on monthly basis.
  • Show more

Risk analyst vs senior analyst skills

Common risk analyst skills
  • Risk Management, 19%
  • Risk Assessments, 6%
  • PowerPoint, 6%
  • Portfolio, 5%
  • Data Analysis, 4%
  • SAS, 3%
Common senior analyst skills
  • Analytics, 13%
  • Data Analysis, 6%
  • Tableau, 6%
  • Project Management, 5%
  • Strong Analytical, 4%
  • Power Bi, 4%

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