1. What is the average salary of a Risk Analyst I?
The average annual salary of Risk Analyst I is $64,747.
In case you are finding an easy salary calculator,
the average hourly pay of Risk Analyst I is $31;
the average weekly pay of Risk Analyst I is $1,245;
the average monthly pay of Risk Analyst I is $5,396.
2. Where can a Risk Analyst I earn the most?
A Risk Analyst I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Risk Analyst I earns the most in San Jose, CA, where the annual salary of a Risk Analyst I is $81,665.
3. What is the highest pay for Risk Analyst I?
The highest pay for Risk Analyst I is $80,212.
4. What is the lowest pay for Risk Analyst I?
The lowest pay for Risk Analyst I is $50,518.
5. What are the responsibilities of Risk Analyst I?
Evaluates the vulnerability of an organization's assets to determine the potential risk factors. Performs statistical analysis to quantify risk and forecast probable outcomes. Prepares reports and presents findings to assist management with decision-making while offering solutions to minimize or eliminate risks. Monitors internal and external risk factors including economic, market, and regulatory risks to continuously maintain maximum protection of an organization's assets. Supports managers in risk management or risk model construction. Requires a bachelor's degree. Typically reports to a supervisor. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.
6. What are the skills of Risk Analyst I
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
2.)
Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
3.)
Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period