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Senior Risk Analyst Careers

Companies exporting goods and investing in overseas markets need specialized financial analyses and guidance, such as how to reduce the risks inherent in these operations in order to maintain profits and growth. That is where senior risk analysts are coming in. These financial experts use their analytical capabilities, as well as their experience of international industry and currency markets, to help clients reduce losses.

Senior risk analysts review the investment portfolios of the company, including foreign acquisitions, and assess the risks inherent in the related decisions. They use their analytical capabilities to forecast future risks and make decisions to reduce risk by diversification, currency exchanges, and other investing techniques.

Becoming a senior risk analyst uses the right mix of education and expertise. The credentials expected by employers can vary, but those jobs will usually require at least a university degree. Risk analysts would usually need good experience in finance education, knowledge of investment risk structures and fund management, and core business skills, such as teamwork and organization. In addition, employers seek applicants with good theoretical and quantitative capabilities.

There is more than meets the eye when it comes to being a senior risk analyst. For example, did you know that they make an average of $44.25 an hour? That's $92,037 a year!

Between 2018 and 2028, the career is expected to grow 14% and produce 118,300 job opportunities across the U.S.

What Does a Senior Risk Analyst Do

There are certain skills that many senior risk analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed computer skills, interpersonal skills and problem-solving skills.

When it comes to the most important skills required to be a senior risk analyst, we found that a lot of resumes listed 18.6% of senior risk analysts included risk management, while 6.1% of resumes included data analysis, and 5.2% of resumes included regulatory agencies. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the senior risk analyst job title. But what industry to start with? Most senior risk analysts actually find jobs in the finance and insurance industries.

How To Become a Senior Risk Analyst

If you're interested in becoming a senior risk analyst, one of the first things to consider is how much education you need. We've determined that 43.1% of senior risk analysts have a bachelor's degree. In terms of higher education levels, we found that 40.7% of senior risk analysts have master's degrees. Even though most senior risk analysts have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a senior risk analyst. When we researched the most common majors for a senior risk analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on senior risk analyst resumes include associate degree degrees or doctoral degree degrees.

You may find that experience in other jobs will help you become a senior risk analyst. In fact, many senior risk analyst jobs require experience in a role such as risk analyst. Meanwhile, many senior risk analysts also have previous career experience in roles such as analyst or finance analyst.

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Average Salary
$92,037
Average Salary
Job Growth Rate
14%
Job Growth Rate
Job Openings
22,419
Job Openings

Senior Risk Analyst Career Paths

Top Careers Before Senior Risk Analyst

Analyst
8.8 %

Top Careers After Senior Risk Analyst

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Senior Risk Analyst

Senior Risk Analysts in America make an average salary of $92,037 per year or $44 per hour. The top 10 percent makes over $120,000 per year, while the bottom 10 percent under $70,000 per year.
Average Salary
$92,037

Best Paying Cities

City
ascdesc
Average Salarydesc
New York, NY
Salary Range87k - 139k$111k$110,762
Jersey City, NJ
Salary Range84k - 134k$107k$106,856
Bellevue, WA
Salary Range87k - 128k$106k$106,309
Stamford, CT
Salary Range82k - 131k$104k$104,408
San Francisco, CA
Salary Range82k - 130k$103k$103,470
Springfield, MA
Salary Range77k - 123k$98k$98,046
$58k
$139k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Senior Quantitative Risk Analyst (Interest Rate Risk and Liquidity) (Remote Work Available)
Senior Quantitative Risk Analyst (Interest Rate Risk and Liquidity) (Remote Work Available)
USAA
USAA
03/29/2021
03/29/2021
$88,20003/29/2021
$88,200
Quantitative Risk Analyst Senior-Portfolio Risk Analytics (Remote Work Environment Available)
Quantitative Risk Analyst Senior-Portfolio Risk Analytics (Remote Work Environment Available)
USAA
USAA
03/28/2021
03/28/2021
$88,20003/28/2021
$88,200
Quantitative Risk Analyst Senior (Data Science)
Quantitative Risk Analyst Senior (Data Science)
USAA
USAA
03/28/2021
03/28/2021
$88,20003/28/2021
$88,200
Value-Based Risk Management-SR Capability Analyst-Telecommute
Value-Based Risk Management-SR Capability Analyst-Telecommute
Unitedhealth Group Inc.
Unitedhealth Group Inc.
03/16/2021
03/16/2021
$64,80003/16/2021
$64,800
Senior Risk Analyst
Senior Risk Analyst
Omnitrax
Omnitrax
01/30/2021
01/30/2021
$86,85101/30/2021
$86,851
See More Recent Salaries

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Senior Risk Analyst Demographics

Gender

male

57.3 %

female

36.5 %

unknown

6.3 %

Ethnicity

White

70.7 %

Asian

13.2 %

Hispanic or Latino

7.0 %

Foreign Languages Spoken

Spanish

47.8 %

Chinese

8.7 %

Russian

8.7 %
See More Demographics

Senior Risk Analyst Education

Majors

Business
26.1 %
Finance
21.3 %

Degrees

Bachelors

64.2 %

Masters

21.9 %

Certificate

5.3 %

Top Colleges for Senior Risk Analysts

1. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

4. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

5. Lehigh University

Bethlehem, PA • Private

In-State Tuition
$52,930
Enrollment
5,030

6. George Washington University, The

Washington, DC • Private

In-State Tuition
$55,230
Enrollment
12,161

7. Pennsylvania State University

University Park, PA • Public

In-State Tuition
$18,454
Enrollment
40,108

8. University of Georgia

Athens, GA • Public

In-State Tuition
$11,830
Enrollment
29,474

9. University of Rochester

Rochester, NY • Private

In-State Tuition
$53,909
Enrollment
6,348

10. Harvard University

Cambridge, MA • Private

In-State Tuition
$50,420
Enrollment
7,582
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Senior Risk Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 18.6% of senior risk analysts listed risk management on their resume, but soft skills such as computer skills and interpersonal skills are important as well.

Best States For a Senior Risk Analyst

Some places are better than others when it comes to starting a career as a senior risk analyst. The best states for people in this position are New York, New Jersey, Washington, and Connecticut. Senior risk analysts make the most in New York with an average salary of $110,439. Whereas in New Jersey and Washington, they would average $106,576 and $104,921, respectively. While senior risk analysts would only make an average of $104,179 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Senior Risk Analyst Jobs:
1,471
Highest 10% Earn:
$170,000
Location Quotient:
1.49
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Connecticut

Total Senior Risk Analyst Jobs:
283
Highest 10% Earn:
$161,000
Location Quotient:
1.11
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New Jersey

Total Senior Risk Analyst Jobs:
569
Highest 10% Earn:
$163,000
Location Quotient:
0.93
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Senior Risk Analyst Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ senior risk analysts and discovered their number of senior risk analyst opportunities and average salary. Through our research, we concluded that JPMorgan Chase was the best, especially with an average salary of $87,416. Federal Home Loan Mortgage follows up with an average salary of $65,122, and then comes American International Group with an average of $117,351. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a senior risk analyst. The employers include Union Bank, USAA, and Ally Financial

1. JPMorgan Chase
4.9
Avg. Salary: 
$87,416
Senior Risk Analysts Hired: 
169+
2. Federal Home Loan Mortgage
4.7
Avg. Salary: 
$65,122
Senior Risk Analysts Hired: 
79+
3. American International Group
4.8
Avg. Salary: 
$117,351
Senior Risk Analysts Hired: 
59+
4. Citi
4.8
Avg. Salary: 
$86,153
Senior Risk Analysts Hired: 
38+
5. Barclays Bank Delaware
4.8
Avg. Salary: 
$81,144
Senior Risk Analysts Hired: 
33+
6. Ernst & Young
4.7
Avg. Salary: 
$74,604
Senior Risk Analysts Hired: 
32+
Updated October 2, 2020