Senior risk analyst vs risk manager

The differences between senior risk analysts and risk managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a senior risk analyst, becoming a risk manager takes usually requires 6-8 years. Additionally, a risk manager has an average salary of $116,072, which is higher than the $94,366 average annual salary of a senior risk analyst.

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

Senior risk analyst vs risk manager overview

	Senior Risk Analyst	Risk Manager
Yearly salary	$94,366	$116,072
Hourly rate	$45.37	$55.80
Growth rate	11%	17%
Number of jobs	63,964	75,795
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 66%
Average age	44	46
Years of experience	4	8

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 manager do?

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. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.

Senior risk analyst vs risk manager salary

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

	Senior Risk Analyst	Risk Manager
Average salary	$94,366	$116,072
Salary range	Between $69,000 And $127,000	Between $84,000 And $160,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	New Jersey	California
Best paying company	Credit Karma	Credit Karma
Best paying industry	Energy	Technology

Differences between senior risk analyst and risk manager education

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

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

Senior risk analyst vs risk manager demographics

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

	Senior Risk Analyst	Risk Manager
Average age	44	46
Gender ratio	Male, 60.7% Female, 39.3%	Male, 59.3% Female, 40.7%
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, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	12%	11%

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

Lead team in addressing Sarbanes-Oxley, HIPAA, and SAS70 compliance and control mandates.
Develop procedures and policies to manage site implementation of successful JD Edwards ERP system.
Direct staff, manage A/R and reconciliations, petty cash disbursements and tracking of all incoming claims and payments.
Manage the loan loss receivables SAS data mart, document change initiatives, implement SAS coding changes and process ongoing updates.
Manage accounting procedures and general ledger reconciliations.
Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.

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Senior risk analyst vs risk manager skills

Common senior risk analyst skills

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

Common risk manager skills

Oversight, 10%
Risk Assessments, 6%
Project Management, 6%
Portfolio, 5%
Strong Analytical, 4%
Operational Risk, 4%

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Updated January 8, 2025

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