Senior risk analyst vs control analyst

The differences between senior risk analysts and control analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a senior risk analyst and a control analyst. Additionally, a senior risk analyst has an average salary of $94,366, which is higher than the $69,598 average annual salary of a control analyst.

The top three skills for a senior risk analyst include risk management, SQL and portfolio. The most important skills for a control analyst are internal controls, risk assessments, and SOX.

Senior risk analyst vs control analyst overview

	Senior Risk Analyst	Control Analyst
Yearly salary	$94,366	$69,598
Hourly rate	$45.37	$33.46
Growth rate	11%	11%
Number of jobs	63,964	133,321
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 69%
Average age	44	44
Years of experience	4	4

What does a senior risk analyst do?

A senior risk analyst specializes in performing extensive research and analysis to identify the potential financial losses or disadvantages a company may face when making business decisions. Their responsibilities typically revolve around liaising with clients, coordinating with different departments to gather extensive data, monitoring the stock market, and studying competitors. Furthermore, a senior risk analyst may also prepare documentation and presentation for higher-ranking officials, maintain records of transactions, and serve as a mentor to junior analysts, all while adhering to the company's policies and regulations.

What does a control analyst do?

A control analyst is an individual who is responsible for identifying weaknesses in the work process of an organization and implement methods to minimize risks. Control analysts are required to supervise the process for incident reports and provide technical guidance to their personnel. They must prepare monthly general ledger account analysis and balance sheets reconciliations that are according to the generally accepted accounting principles (GAAP). Control analysts should also assist with the organization's ISO audit procedures and findings.

Senior risk analyst vs control analyst salary

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

	Senior Risk Analyst	Control Analyst
Average salary	$94,366	$69,598
Salary range	Between $69,000 And $127,000	Between $50,000 And $95,000
Highest paying City	San Francisco, CA	Jersey City, NJ
Highest paying state	New Jersey	Washington
Best paying company	Credit Karma	Meta
Best paying industry	Energy	Energy

Differences between senior risk analyst and control analyst education

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

	Senior Risk Analyst	Control Analyst
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 69%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Senior risk analyst vs control analyst demographics

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

	Senior Risk Analyst	Control Analyst
Average age	44	44
Gender ratio	Male, 60.7% Female, 39.3%	Male, 51.9% Female, 48.1%
Race ratio	Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2%	Black or African American, 8.3% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 11.7% White, 66.3% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between senior risk analyst and control analyst duties and responsibilities

Senior risk analyst example 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.

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Control analyst example responsibilities.

Manage the implementation and roll-out of SharePoint as a team collaboration and document management tool.
Develop infrastructure to enable clients to better understand and manage risks associate with their decision environment to capture opportunities.
Transform the month-end calculation methodology and analysis process to provide a more accurate and detail fuel accruals and variance analysis.
Assist in SQL database applications development custom tailor for company s needs.
Provide ad hoc queries as requested by various areas within the bank (SQL).
Conduct UAT to make sure that all applications are tested for functionality and are adequately accept by users.

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Senior risk analyst vs control analyst skills

Common senior risk analyst skills

Risk Management, 20%
SQL, 6%
Portfolio, 6%
Project Management, 6%
Risk Assessments, 5%
SAS, 5%

Common control analyst skills

Internal Controls, 8%
Risk Assessments, 6%
SOX, 5%
Internal Audit, 4%
Customer Service, 4%
Strong Analytical, 4%

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Updated January 8, 2025

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