How to Become a Risk Management Analyst

Step 1: Understand the job description and responsibilities of a Risk Management Analyst

What does a Risk Management Analyst do?

A Risk Management Analyst provides data analysis and builds risk models to support risk programs and activities. Prepares reports needed to comply with clinical, environmental, and privacy compliance regulations. Being a Risk Management Analyst identifies loss trends by analyzing incident reports, claim and insurance data. Utilizes advanced data analysis tools and techniques. Additionally, Risk Management Analyst requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Risk Management Analyst occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Risk Management Analyst typically requires 2-4 years of related experience.

People's Opinions on Risk Management Analyst responsibilities

They work collaboratively with significant others to identify risks impacting an organization’s business and functions, as well as recommend solutions, implement approved programs, and promote loss prevention.

01/13/2020: Pine Bluff, AR

Risk Management Analysts help corporations to control or minimize the impact of risks.

02/04/2020: Battle Creek, MI
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Step 2: Learn best tips to become a Risk Management Analyst

Best tips for those who want to become a Risk Management Analyst

Here are some tips to become a Risk Management Analyst.

Step 3: View best colleges and universities for Risk Management Analyst

Best colleges and universities for Risk Management Analyst

  • Florida Southern College
  • Colby College
  • Dartmouth College
  • University of Notre Dame
  • Western Washington University
  • Canisius College

Step 4: Think about whether is it worth to be a Risk Management Analyst

Is being a Risk Management Analyst Worth it?

People's Opinions on lifestyles

Prepares work papers, reporting templates and other management reporting deliverables.  Prepare all work paper and supporting documentation evidence according to audit quality standards in a consistent manner.

12/09/2019: Huntsville, AL

Follow departmental desk-level procedures, third party risk assessment methodology, assessment procedures, questionnaires, training, etc.

02/14/2020: Norfolk, VA

Interface with business areas, technical staff, project teams, and third parties to execute cross-functional third party risk assurance projects and to communicate findings and remediation plans.  Assist with consultation and supporting activities throughout supplier due diligence processes, assists with the evaluation of third party risks relative to new or existing programs and initiatives that support the enterprise’s strategic direction, core operations, etc.

12/06/2019: Columbia, SC

Adhere to working relationships with a Enterprise  companies to support the management of third party risks across multiple departments (e.g., Government Compliance, Information Security, Procurement, Integrity & Compliance, etc.).

01/14/2020: Biloxi, MS

Assist with providing input and consultation on third party risk and assurance reporting and other terms and conditions in supplier contracts.  Assist with consultations with other areas (e.g., Procurement, Privacy, Information Security, Legal) throughout the contract lifecycle along with internal business and contract administration partners.  Assist in contract reviews and providing timely feedback on contract terms and conditions as-needed.

01/23/2020: Santa Rosa, CA
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Step 5: Prepare relevant skills for being a Risk Management Analyst

What skills do you need to be a Risk Management Analyst?

Management often looks to professional level roles for execution on their visions and goals, as such some specific skills are required.  The workload of this role requires knowledge of: Business Analytics, Data Modeling, Loss Prevention, Risk Assessment, Risk Analysis, Risk Identification Model.  Sometimes for this role, knowledge of the following is helpful: Financial Risk Management Software.  If you highlight these skills during your interview process, you will be more likely to land the job!

People's Opinions on Risk Management Analyst skills

Ability to work 100% Remote Provides advanced knowledge, concepts, and analytical skills in the area of Information Security to direct and support the management and administration of information security.

01/18/2020: Pensacola, FL

Ability to document and explain risks and vulnerabilities to both business and technical stakeholders.

01/24/2020: Sioux Falls, SD

Strong stakeholder management and engagement skills.

02/07/2020: Providence, RI

Demonstrated ability to design and deliver all levels of enterprise risk training.

01/31/2020: Scranton, PA

Strong quantitative analysis and modeling skills are required along with experience in an analytical capacity (e.g., financial analysis, product management, actuarial, underwriting, catastrophe management, etc.).

12/26/2019: Montgomery, AL
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Step 6: View average salary for Risk Management Analyst

How much does a Risk Management Analyst make?

The average salary range for a Risk Management Analyst is from $68,128 to $87,375. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Risk Management Analyst
$68,128 to $87,375

Step 7: Find relevant Risk Management Analyst jobs, and apply.

Looking for Risk Management Analyst jobs?

Here are some Risk Management Analyst jobs in the United States.

Search Risk Management Analyst Jobs in the United States

Step 8: Explore Career Path of Risk Management Analyst

Step 8: Explore Career Path of Risk Management Analyst? Risk Management Analyst I - Healthcare