Senior risk analyst vs risk analyst

The differences between senior risk analysts and risk 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 risk analyst. Additionally, a senior risk analyst has an average salary of $94,366, which is higher than the $81,484 average annual salary of a risk analyst.

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

Senior risk analyst vs risk analyst overview

	Senior Risk Analyst	Risk Analyst
Yearly salary	$94,366	$81,484
Hourly rate	$45.37	$39.17
Growth rate	11%	9%
Number of jobs	63,964	71,284
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 71%
Average age	44	40
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 risk analyst do?

As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions. You will be responsible for aggregating data from several sources to develop a comprehensive assessment and create reports, processes, and presentations to better present results. You are also expected to work closely with other team members to analyze and show data effectively.

Senior risk analyst vs risk analyst salary

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

	Senior Risk Analyst	Risk Analyst
Average salary	$94,366	$81,484
Salary range	Between $69,000 And $127,000	Between $59,000 And $112,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	New Jersey	Connecticut
Best paying company	Credit Karma	The Citadel
Best paying industry	Energy	Manufacturing

Differences between senior risk analyst and risk analyst education

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

	Senior Risk Analyst	Risk Analyst
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	Northwestern University	University of Pennsylvania

Senior risk analyst vs risk analyst demographics

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

	Senior Risk Analyst	Risk Analyst
Average age	44	40
Gender ratio	Male, 60.7% Female, 39.3%	Male, 53.4% Female, 46.6%
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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1%
LGBT Percentage	12%	7%

Differences between senior risk analyst and risk 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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Risk analyst example responsibilities.

Create programs in Java to automate trade execution and ensure market clear downloads are facilitate by the same.
Manage financial derivative models to ensure accurate calculation, structure and pricing.
Manage investigation and reporting of occurrences to applicable regulatory agencies when indicate and facilitate disclosure to patients and families.
Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
Manage treasury workstation steering team for automation of core treasury operations for increase reliability of financial reporting and decision making.
Use SAS and SQL to originate and maintain analytic data marts and automate reporting.

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Senior risk analyst vs risk analyst skills

Common senior risk analyst skills

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

Common risk analyst skills

Risk Management, 19%
Risk Assessments, 6%
PowerPoint, 6%
Portfolio, 5%
Data Analysis, 4%
SAS, 3%

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Updated January 8, 2025

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