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Senior compliance analyst vs risk analyst

The differences between senior compliance analysts and risk analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $77,681 average annual salary of a senior compliance analyst.

The top three skills for a senior compliance analyst include compliance program, compliance issues and regulatory compliance. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.

Senior compliance analyst vs risk analyst overview

Senior Compliance AnalystRisk Analyst
Yearly salary$77,681$81,484
Hourly rate$37.35$39.17
Growth rate-9%
Number of jobs26,47571,284
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 71%
Average age4640
Years of experience-4

What does a senior compliance analyst do?

A senior compliance analyst is an individual who is responsible for ensuring an organization's projects, practices, and policies conform to all relevant laws and regulations. Senior compliance analysts are required to work with a team of legal researchers to help the organization adjusts its policies and practices for compliance with new laws. To avoid facing scrutiny from government auditors, senior analysts must review the organization's policies to enhance compliance and improve efficiency. They also assist the organization in obtaining permits from federal or state agencies before launching projects or programs.

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.

Senior compliance analyst vs risk analyst salary

Senior compliance analysts and risk analysts have different pay scales, as shown below.

Senior Compliance AnalystRisk Analyst
Average salary$77,681$81,484
Salary rangeBetween $53,000 And $112,000Between $59,000 And $112,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateNew JerseyConnecticut
Best paying companyBungeThe Citadel
Best paying industryFinanceManufacturing

Differences between senior compliance analyst and risk analyst education

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

Senior Compliance AnalystRisk Analyst
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior compliance analyst vs risk analyst demographics

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

Senior Compliance AnalystRisk Analyst
Average age4640
Gender ratioMale, 45.7% Female, 54.3%Male, 53.4% Female, 46.6%
Race ratioBlack or African American, 11.0% Unknown, 4.5% Hispanic or Latino, 15.6% Asian, 8.2% White, 59.9% American Indian and Alaska Native, 0.8%Black 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%
LGBT Percentage12%7%

Differences between senior compliance analyst and risk analyst duties and responsibilities

Senior compliance analyst example responsibilities.

  • Create Access2Care LLC to provide manage medical transportation to manage care entities.
  • Utilize QuickBooks to manage invoicing, track sales, receivable and payables.
  • Manage SOX compliance for entity-level, business process, general computer, and application controls.
  • Manage all aspects of the RIA's operations including portfolio administration, client reporting, information technology and office administration.
  • Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
  • Train to work in an ISO 13485 and FDA 21 CFR 820 environment.
  • Show more

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 compliance analyst vs risk analyst skills

Common senior compliance analyst skills
  • Compliance Program, 5%
  • Compliance Issues, 5%
  • Regulatory Compliance, 5%
  • Internal Controls, 4%
  • Internal Audit, 4%
  • Risk Assessments, 4%
Common risk analyst skills
  • Risk Management, 19%
  • Risk Assessments, 6%
  • PowerPoint, 6%
  • Portfolio, 5%
  • Data Analysis, 4%
  • SAS, 3%

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