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What is a risk assessment analyst and how to become one

Updated January 8, 2025
4 min read

Risk analysts assess potential clients' financial statements and economic backgrounds to understand the extent of risk certain financial decisions would bring for the client. They are mostly employed by banks and financial institutions, such as insurance companies.

You will need a degree in a finance-related field to land this position, although experience in the field is not always required. You will be trained on the job and have ample opportunities to grow.

You will need to conduct extensive research to assist companies with their financial decisions, so computer literacy and familiarity with appropriate software are necessary. You might have to travel for work, so if you have the analytical and number-oriented mind this work requires, you will have a varied and interesting career.

ScoreRisk Assessment AnalystUS Average
Salary
5.6

Avg. Salary $72,270

Avg. Salary $59,228

Stability level
7.2

Growth rate 9%

Growth rate 0.3%

Diversity
4.3
Race

American Indian and Alaska Native 0.43%

Asian 8.83%

Black or African American 6.36%

Hispanic or Latino 9.39%

Unknown 4.56%

White 70.43%

Gender

female 50.37%

male 49.63%

Age - 43
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43
Stress level
7.2

Stress level is high

7.1 - high

Complexity level
8.4

Complexity level is challenging

7 - challenging

Work life balance
4.7

Work life balance is fair

6.4 - fair

Risk assessment analyst career paths

Key steps to become a risk assessment analyst

  1. Explore risk assessment analyst education requirements

    Most common risk assessment analyst degrees

    Bachelor's

    63.4 %

    Master's

    19.2 %

    Associate

    8.5 %
  2. Start to develop specific risk assessment analyst skills

    SkillsPercentages
    Risk Assessments33.66%
    NIST15.08%
    Security Risk Assessment9.62%
    ISO6.85%
    HIPAA4.56%
  3. Complete relevant risk assessment analyst training and internships

    Accountants spend an average of 6-12 months on post-employment, on-the-job training. New risk assessment analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a risk assessment analyst based on U.S. Bureau of Labor Statistics data and data from real risk assessment analyst resumes.
  4. Research risk assessment analyst duties and responsibilities

    • Manage treasury workstation steering team for automation of core treasury operations for increase reliability of financial reporting and decision making.
    • Conduct lead-based paint analysis for NYCHA, HUD, EPA contracts in multi-unit family dwellings and community spaces.
    • Provide quality assurance for approval workflows within team SharePoint site.
    • Recommend building infrastructure improvements, energy efficient lighting, and upgrade HVAC systems.
  5. Apply for risk assessment analyst jobs

    Now it's time to start searching for a risk assessment analyst job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How did you land your first risk assessment analyst job

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Average risk assessment analyst salary

The average risk assessment analyst salary in the United States is $72,270 per year or $35 per hour. Risk assessment analyst salaries range between $52,000 and $99,000 per year.

Average risk assessment analyst salary
$72,270 Yearly
$34.75 hourly

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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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