How to hire a senior risk analyst

How to hire a senior risk analyst, step by step

Here's a step-by-step senior risk analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a senior risk analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new senior risk analyst
• Step 8: Go through the hiring process checklist

What does a senior risk analyst do?

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1. Identify your hiring needs

   Before you post your senior risk analyst job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a senior risk analyst for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   You should also consider the ideal background you'd like them a senior risk 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 senior risk analyst that fits the bill.

   This list shows salaries for various types of senior risk analysts.

   Type of Senior Risk Analyst	Description	Hourly rate
   Senior Risk Analyst	Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.	$33-61
   Analyst Lead	The duties of an analyst lead depend on one's line of work or industry of employment. Typically, their responsibilities revolve around performing research and analysis, coordinating with different departments to gather leads and data, reviewing findings, and producing reports and presentations for the stakeholders and other higher-ranking officials... Show more	$35-58
   Risk Manager	A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services... Show more	$40-76

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Risk Management
   • SQL
   • Portfolio
   • Project Management
   • Risk Assessments
   • SAS
   • Data Analysis
   • Statistical Analysis
   • Operational Risk
   • Credit Risk
   • Visualization
   • Internal Controls
   • Internal Audit
   • Enterprise Risk Management

   Check all skills

   Responsibilities:

   • Manage and direct employment relate litigation including discovery, interrogatory responses, settlements and supervision of defense counsel.
   • Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
   • Support implementation of the ERM system globally.
   • Develop and maintain strong relationships with stakeholders to help maximize the goals and benefits of ERM.
   • Justify the efficiency of options on treasury futures as a short-term proxy for OTC treasury options.
   • Support treasury services by reviewing, validating and approving cash forecasts and daily wire transfer activity.

   More senior risk analyst duties

3. Make a budget

   Including a salary range in your senior risk analyst job description is one of the best ways to attract top talent. A senior risk analyst can vary based on:

   • Location. For example, senior risk analysts' average salary in north dakota is 42% less than in new jersey.
   • Seniority. Entry-level senior risk analysts 46% less than senior-level senior risk analysts.
   • Certifications. A senior risk analyst with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a senior risk analyst's salary.

   Average senior risk analyst salary

   $94,366yearly

   $45.37 hourly rate

   ---

   Entry-level senior risk analyst salary

   $69,000 yearly salary

   Updated December 19, 2025

   Average senior risk analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$116,329	$56
   2	New Jersey	$113,152	$54
   3	New York	$111,701	$54
   4	Washington	$105,789	$51
   5	Massachusetts	$105,143	$51
   6	Connecticut	$104,205	$50
   7	Maryland	$96,939	$47
   8	Virginia	$93,141	$45
   9	Texas	$91,765	$44
   10	Pennsylvania	$91,582	$44
   11	North Carolina	$90,328	$43
   12	Colorado	$87,349	$42
   13	Georgia	$86,364	$42
   14	Nevada	$86,127	$41
   15	Arizona	$85,955	$41
   16	Ohio	$85,571	$41
   17	Delaware	$85,118	$41
   18	Illinois	$82,994	$40
   19	South Carolina	$79,648	$38
   20	Oklahoma	$78,862	$38

   Average senior risk analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Credit Karma	$134,702	$64.76
   2	PayPal	$124,729	$59.97	7
   3	Western Alliance Bank	$124,250	$59.74	14
   4	Invesco	$122,085	$58.69	5
   5	HSBC Bank	$121,982	$58.65	2
   6	Wachovia Securities	$121,895	$58.60
   7	TD Ameritrade	$121,750	$58.53
   8	BMO Capital Markets	$121,278	$58.31	8
   9	Santander Private Banking International	$118,501	$56.97	6
   10	Royal Bank of Canada	$117,811	$56.64	25
   11	Square	$117,303	$56.40
   12	Pine River Capital Management	$116,523	$56.02
   13	E*TRADE	$116,402	$55.96
   14	NRG Energy	$115,877	$55.71	6
   15	Signature Bank	$115,860	$55.70
   16	Kabbage	$115,664	$55.61
   17	Carlson Capital	$114,867	$55.22
   18	First Republic Bank	$113,601	$54.62
   19	eBay	$112,617	$54.14	10
   20	Moore	$112,600	$54.13

4. Writing a senior risk analyst job description

   A senior risk analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a senior risk analyst job description:

   Senior risk analyst job description example

   Job Title: Quantitative Risk Modeling Analyst Sr.
   Organization Name: The Huntington National Bank
   
   Detailed Description
   Support Corporate Risk Management and compliance operations by developing models needed to analyze risk management activities, including credit, legal, strategic, and reputational risk considerations. Individually or as a project team leader, conduct credit modeling on consumer and/or commercial portfolios for Current Expected Credit Losses (CECL) forecasting and Comprehensive Capital Analysis and Review (CCAR) stress testing. Support CCAR pre-provision net revenue modeling and fair lending analytics. Perform data collection, analyze credit portfolio data, monitor model ongoing performance, and prepare effective model documentation to meet standards set by the model governance group and external regulators. Provide quantitative support to manage risks associated with Huntington's balance sheet and provide cross-functional statistical support to different areas within our organization. Research new Machine Learning (ML) and Artificial Intelligence (AI) modeling methodologies and techniques.
   
   Job Requirements
   Master's degree in Statistics, Mathematics, Quantitative Economics, or a related quantitative field. Expertise and knowledge of model development as demonstrated by 12 months experience, 18 graduate credit hours, or graduate/thesis research including each of the following areas: Data identification, querying, cleaning, and processing; Quantitative and/or Statistical model building; Diagnosing model results and creating comprehensive model documentation; and, Functional programming using SAS, R, SQL, or Python. Remote work from home available during pandemic.
   
   Additional Details
   
   Tobacco Free Hiring Practice: To demonstrate our commitment to health and wellness, where permitted by applicable state law, Huntington will not hire any candidate who uses tobacco or any nicotine product including, but not limited to, cigarettes, cigars, pipes, smokeless tobacco, chewing tobacco, snuff or snus, nicotine gum, the nicotine patch or any other kind of nicotine replacement product. Candidates applying for positions in those states will be notified of this practice during the recruitment process and asked to affirmatively acknowledge that they do not currently use nicotine products as part of the application process. Any candidate who cannot, or otherwise declines, to provide the acknowledgment will not be considered for employment.
   
   Workplace Type:
   Hybrid
   
   Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
   
   Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
   
   Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right senior risk analyst for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your senior risk analyst job on Zippia to find and recruit senior risk analyst candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   To successfully recruit senior risk analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new senior risk analyst

   Once you have selected a candidate for the senior risk analyst position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

   It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

   Once that's done, you can draft an onboarding schedule for the new senior risk analyst. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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How much does it cost to hire a senior risk analyst?