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Risk assessment analyst hiring summary. Here are some key points about hiring risk assessment analysts in the United States:
Here's a step-by-step risk assessment analyst hiring guide:
A risk assessment analyst conducts extensive assessments to identify potential operational risks and recommend strategies to prevent them, thereby avoiding financial losses and optimizing an organization's workflow. Although the extent of their responsibilities depends on their place or industry of employment, it usually includes coordinating with different departments to gather and analyze data, suggesting budgets and guidelines, identifying the strengths and weaknesses of current operations, and implementing solutions against problem areas, all while adhering to the company's policies and regulations.
Before you start hiring a risk assessment analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
You should also consider the ideal background you'd like them a risk assessment analyst to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a risk assessment analyst that fits the bill.
The following list breaks down different types of risk assessment analysts and their corresponding salaries.
| Type of Risk Assessment Analyst | Description | Hourly rate |
|---|---|---|
| Risk Assessment Analyst | $25-47 | |
| Disaster Recovery Manager | A disaster recovery manager oversees the procedures put into developing and implementing recovery and continuity plans against various kinds of disasters or security breaches that could affect company data, hardware, and software. They are primarily in charge of managing disaster recovery teams, setting objectives and guidelines, performing tests and risk assessments, and developing regular reports... Show more | $22-60 |
| Business Continuity Manager | Business continuity managers are management professionals who create crisis management plans to keep an organization functioning after experiencing disruptive events. These managers are required to design and implement business continuity plans for all business offices to ensure that they always remain in a state of readiness... Show more | $26-56 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Jersey | $90,054 | $43 |
| 2 | New York | $86,698 | $42 |
| 3 | Maryland | $82,703 | $40 |
| 4 | California | $80,814 | $39 |
| 5 | Michigan | $80,075 | $39 |
| 6 | Indiana | $79,806 | $38 |
| 7 | Idaho | $79,234 | $38 |
| 8 | Texas | $77,912 | $37 |
| 9 | District of Columbia | $75,800 | $36 |
| 10 | Pennsylvania | $75,101 | $36 |
| 11 | Georgia | $74,485 | $36 |
| 12 | Massachusetts | $73,671 | $35 |
| 13 | Florida | $73,666 | $35 |
| 14 | Virginia | $73,639 | $35 |
| 15 | Washington | $72,039 | $35 |
| 16 | Arizona | $69,899 | $34 |
| 17 | North Carolina | $69,005 | $33 |
| 18 | Alabama | $64,652 | $31 |
| 19 | Colorado | $64,567 | $31 |
| 20 | Illinois | $60,152 | $29 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $122,587 | $58.94 | 4 |
| 2 | AIG | $95,574 | $45.95 | 9 |
| 3 | Bloomberg | $95,222 | $45.78 | 4 |
| 4 | MUFG EMEA | $94,694 | $45.53 | |
| 5 | J.P. Morgan | $91,509 | $43.99 | |
| 6 | HP | $87,275 | $41.96 | |
| 7 | Booz Allen Hamilton | $86,171 | $41.43 | 16 |
| 8 | Federal Reserve Bank | $86,167 | $41.43 | 1 |
| 9 | Morgan Stanley | $85,203 | $40.96 | 26 |
| 10 | Citi | $85,001 | $40.87 | 7 |
| 11 | JPMorgan Chase & Co. | $84,213 | $40.49 | 76 |
| 12 | TD Bank | $82,839 | $39.83 | 42 |
| 13 | M&T Bank | $82,771 | $39.79 | 27 |
| 14 | Sony Pictures | $80,251 | $38.58 | |
| 15 | The PNC Financial Services Group | $80,092 | $38.51 | 15 |
| 16 | Federal Reserve | $79,255 | $38.10 | |
| 17 | DFS Corporate Services LLC | $79,119 | $38.04 | |
| 18 | Spectrum | $79,082 | $38.02 | |
| 19 | Corteva | $79,048 | $38.00 | |
| 20 | FanDuel | $77,991 | $37.50 | 4 |
A good risk assessment analyst job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a risk assessment analyst job description:
There are various strategies that you can use to find the right risk assessment analyst for your business:
Your first interview with risk assessment analyst candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect risk assessment analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
After that, you can create an onboarding schedule for a new risk assessment analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Recruiting risk assessment analysts involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $72,270 per year for a risk assessment analyst, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for risk assessment analysts in the US typically range between $25 and $47 an hour.