Risk Analyst Salary at Torrington Savings Bank BETA

How much does a Torrington Savings Bank Risk Analyst make?

As of March 2025, the average annual salary for a Risk Analyst at Torrington Savings Bank is $60,310, which translates to approximately $29 per hour. Salaries for Risk Analyst at Torrington Savings Bank typically range from $53,567 to $68,077, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Torrington Savings Bank Overview

Website:
torringtonsavings.bank
Size:
50 - 100 Employees
Revenue:
$10M - $50M
Industry:
Financial Services

Chartered in Connecticut in 1868, Torrington Savings Bank is one of the longest established banks in Connecticut. As a mutual savings bank, TSB is conservatively guided, strongly capitalized, safe and secure; and managed according to the best interests of its local communities. Torrington Savings Bank's mutual status allows it to provide attractive rates to its customers. Headquartered in Torrington, CT where it has three offices, the bank has additional offices in Burlington, Goshen, Falls Village, and New Hartford, CT.

See similar companies related to Torrington Savings Bank

What Skills Does a person Need at Torrington Savings Bank?

At Torrington Savings Bank, 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. Asset Protection: Asset protection is a component of financial planning intended to protect one's assets from creditor claims.
  2. 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.
  3. CCTV:
  4. Auditing: Auditing refers to the independent examination of financial information of any entity whether profit oriented or not. It is a safeguard measure that prevents corruption.
  5. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

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Check more jobs information at Torrington Savings Bank

Job Title Average Torrington Savings Bank Salary Hourly Rate
2 Credit Analyst $64,412 $31
3 HR Officer $89,557 $43
4 Vice President, Operations $302,556 $145
5 Accounts Payable Specialist $46,715 $22
6 Administrative Assistant $50,170 $24
7 Chief Information Officer $311,211 $150
8 Chief Lending Officer $216,579 $104
9 Help Desk Support $54,647 $26
10 President & Chief Executive Officer $795,115 $382
11 Vice President, Commercial Lending $258,144 $124
12 Vice President, Information Technology $276,102 $133

Hourly Pay at Torrington Savings Bank

The average hourly pay at Torrington Savings Bank for a Risk Analyst is $29 per hour. The location, department, and job description all have an impact on the typical compensation for Torrington Savings Bank positions. The pay range and total remuneration for the job title are shown in the table below. Torrington Savings Bank may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $60,310 look to you?

FAQ about Salary and Jobs at Torrington Savings Bank

1. How much does Torrington Savings Bank pay per hour?
The average hourly pay is $29. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Torrington Savings Bank?
According to the data, the highest approximate salary is about $68,077 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Torrington Savings Bank?
According to the data, the lowest estimated salary is about $53,567 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.