Risk Analyst
Assess all potential risk factors that may impact a business
Job opportunities
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Jobs in SEEK right nowJob growth
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5-year projectionSalary
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Typical salaryJob satisfaction
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Job opportunities
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Jobs in SEEK right nowSalary
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Typical salaryJob growth
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5-year projectionJob satisfaction
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On this page
- What's it like to be a Risk Analyst?
- How to become a Risk Analyst
- Latest Risk Analyst jobs
- Top skills and experience for Risk Analysts
- Is Risk Analyst the right role for you?
- Risk Analyst role reviews
What's it like to be a Risk Analyst?
As a Risk Analyst you will help identify and assess potential risks to the financial and operational wellbeing of a company or other organisation. Risk Analysts work with statistics and (at times) advanced mathematical formulas to give companies an accurate idea of their financial and/or operational outlook with as much detail as possible. After reviewing risk factors, assessing their likelihood and impact, a Risk Analyst will establish a risk rating and then make suggestions on what controls an organisation needs to put in place in order to mitigate or manage those risks.
Tasks and duties
- Reviewing financial and legal documents, industry developments and related resources.
- Predicting future trends that may affect a company or organisation.
- Establishing a risk rating for risk factors based on the likelihood they will occur and their impact.
- Determining how the company can mitigate risks and recommending plans of action regarding limitation and management of risk.
- Putting in place key controls to prevent an event from occurring.
- Understanding and applying a risk management framework.
- Studying government legislation and advising companies on compliance.
- Using quantitative analysis, statistical models and valuation tools and techniques.
- Presenting ideas via reports and presentations, and making recommendations for improvements based on findings.
How to become a Risk Analyst
To become a Risk Analyst, a combination of education and experience is usually required. Risk Analysts may hold a minimum of a bachelor degree and around five years of work experience.
- It is possible to become a Risk Analyst by obtaining a junior or entry-level position and gaining experience in the industry.
- Consider completing a bachelor degree in commerce, finance or a related field, such as computer science, mathematics, statistics, or any other field that demonstrates your ability to understand and work with numbers and financial information. You may be required to experience with programming languages or financial services.
- Alternatively, complete a graduate degree in a technical or analytical discipline, such as a master’s degree in risk management or financial markets.
- Consider gaining a Master of Business Administration (MBA). Programs offering the MBA generally require two years of study beyond the undergraduate level and include both business and computer-related courses.
- Gain work experience in a relevant field.
Compare your salary
Find out how your salary compares with the average salary for Risk Analysts.Latest Risk Analyst jobs on SEEK
Be one of the first to discover these recently listed jobs, or browse all Risk Analyst jobs on SEEK right now.Did you find this helpful?
Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Risk Analyst employers on SEEK are looking for job seekers with expertise in the following areas. Risk Assessment
Operational Risk
Risk Reporting
Risk Frameworks
Enterprise Risk
Financial Services
Cybersecurity
Analytical Thinking
Technology Risk
Analysis
Source: SEEK job ads and SEEK Profile data
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Latest Risk Analyst reviews
May 2021
Risk Analyst is one of many skills for a System Engineer
Reviewer's QualificationBachelor of Engineering (Aeronautical)
Experience1 – 4 years
Organisation sizeLarge (200+ employees)
SpecialisationNaval Aviation
The good thingsA Risk Analyst function in the context of System Engineering is to analysis non conformances found during verification and validation activities of the product as part of its certification.
Noting in...
The challengesUnderstanding the particluar system that you working in i.e Aviation, Maritime etc and the level of risk retention
Read more
Mar 2025
Scope, challenges and opportunities of a Risk Analyst
Reviewer's QualificationDiploma of Risk Management
Experience1 – 4 years
Organisation sizeLarge (200+ employees)
SpecialisationGovernment & Defence
The good thingsThe Good Things
I feel passionate about risks and security management. I feel this is a pivotal role in ensuring that the organisation you work for is protected from any future possible issues.
The challengesThe Challenges
If you are not aligned with the risk framework or the team you are talking to, it can be a whole re work to do as this will not be the correct process. Sometimes, it is challenging to...
Read more
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SEEK has not verified the truth or accuracy of these comments and does not adopt or endorse any of the comments posted on this page.SEEK collects and posts the comments for what they are worth and for information purposes only to assist candidates to find employment through www.seek.com.au
