Senior risk analyst vs data analyst

The differences between senior risk analysts and data 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 data analyst. Additionally, a senior risk analyst has an average salary of $94,366, which is higher than the $74,342 average annual salary of a data analyst.

The top three skills for a senior risk analyst include risk management, SQL and portfolio. The most important skills for a data analyst are data analysis, python, and power bi.

Senior risk analyst vs data analyst overview

	Senior Risk Analyst	Data Analyst
Yearly salary	$94,366	$74,342
Hourly rate	$45.37	$35.74
Growth rate	11%	11%
Number of jobs	63,964	167,520
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 65%
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 data analyst do?

Data analysts are responsible for interpreting the company's statistics and providing sound recommendations to the organization. They manage the organization's data sets, usually related to market performance, finance, or human resources. They are in charge of studying the available data, spotting trends, interpreting what the data and the trends mean, and recommending suggestions that will help the organization perform better. Their recommendations should also be relevant and backed up with strong analyses. Data analysts are expected to have a good grasp of the current market trends in the industry.

Senior risk analyst vs data analyst salary

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

	Senior Risk Analyst	Data Analyst
Average salary	$94,366	$74,342
Salary range	Between $69,000 And $127,000	Between $53,000 And $103,000
Highest paying City	San Francisco, CA	Richmond, CA
Highest paying state	New Jersey	New Jersey
Best paying company	Credit Karma	The Citadel
Best paying industry	Energy	Finance

Differences between senior risk analyst and data analyst education

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

	Senior Risk Analyst	Data Analyst
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 65%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Senior risk analyst vs data analyst demographics

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

	Senior Risk Analyst	Data Analyst
Average age	44	44
Gender ratio	Male, 60.7% Female, 39.3%	Male, 50.2% Female, 49.8%
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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between senior risk analyst and data 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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Data analyst example responsibilities.

Manage patient s data in UNIX system.
Manage loan performance in Hyperion Financials using SQL and PL/SQL tools.
Manage and contribute to EDI processes ensuring HIPAA compliance and access to clearing house review on individual case status.
Develop Java application to automate reformatting of text files for an internal application.
Execute deterministic modeling and Monte Carlo simulations in MATLAB to achieve greater mathematical confidence in results obtain from analysis.
Manage weapon system project websites via SharePoint, including troubleshooting technical issues and developing guidelines for public/private information and user permissions.

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Senior risk analyst vs data analyst skills

Common senior risk analyst skills

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

Common data analyst skills

Data Analysis, 10%
Python, 7%
Power Bi, 6%
Data Management, 6%
Visualization, 5%
Data Quality, 4%

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Updated January 8, 2025

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