Senior risk analyst vs process analyst

The differences between senior risk analysts and process 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 process analyst. Additionally, a senior risk analyst has an average salary of $94,366, which is higher than the $73,233 average annual salary of a process analyst.

The top three skills for a senior risk analyst include risk management, SQL and portfolio. The most important skills for a process analyst are process improvement, project management, and customer service.

Senior risk analyst vs process analyst overview

	Senior Risk Analyst	Process Analyst
Yearly salary	$94,366	$73,233
Hourly rate	$45.37	$35.21
Growth rate	11%	11%
Number of jobs	63,964	123,238
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 66%
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 process analyst do?

A process analyst is also known as an operations research analyst, who evaluates in detail the steps in producing products and making important decisions as well as providing recommendations on how to enhance them. They are IT specialists that analyze the business process and workflows to determine how they can be computerized and improved. Responsibilities include identifying problems and risks as well as engaging in problem resolution. Important skills to consider for applicants include being innovative thinkers and goal-oriented.

Senior risk analyst vs process analyst salary

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

	Senior Risk Analyst	Process Analyst
Average salary	$94,366	$73,233
Salary range	Between $69,000 And $127,000	Between $49,000 And $108,000
Highest paying City	San Francisco, CA	Santa Clara, CA
Highest paying state	New Jersey	Connecticut
Best paying company	Credit Karma	Apple
Best paying industry	Energy	Finance

Differences between senior risk analyst and process analyst education

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

	Senior Risk Analyst	Process Analyst
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Senior risk analyst vs process analyst demographics

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

	Senior Risk Analyst	Process Analyst
Average age	44	44
Gender ratio	Male, 60.7% Female, 39.3%	Male, 50.8% Female, 49.2%
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, 8.2% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 12.2% White, 66.0% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between senior risk analyst and process 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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Process analyst example responsibilities.

Lead the development and implementation of application and infrastructure solutions that are stable, operationally healthy, and supportable in production.
Develop and manage department SharePoint site to use as a collaborative document management tool.
Collaborate with project manager in tracking and managing project development process following RUP base SDLC methodologies.
Used Visio for process mapping to review operational procedures when determining areas of improvement.
Look at Java code to help debug it.
Test CRM platform through complex use of matrices to be able to segment a database for a more applicable personal contact.

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Senior risk analyst vs process analyst skills

Common senior risk analyst skills

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

Common process analyst skills

Process Improvement, 9%
Project Management, 7%
Customer Service, 6%
Continuous Improvement, 5%
Sigma, 4%
Business Processes, 4%

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Updated January 8, 2025

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