Operational Risk Analyst I Salary in Cologne, DE
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How much does an Operational Risk Analyst I make in Cologne, DE? The average Operational Risk Analyst I salary in Cologne, DE is €61,999 as of March 23, 2021, but the range typically falls between €47,162 and €68,484. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.
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Skills to Boost an Operational Risk Analyst I Salary
Mastering key skills can significantly increase your earning potential as an Operational Risk Analyst I. According to Salary.com's Real-time Job Posting Data, expertise in Loss Prevention can lead to a 2% salary raise, while strong Information Security skills boost pay by a 1%. Even Root Cause Analysis can result in a 1% salary increase.
Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Loss Prevention
Loss prevention refers to measures taken to prevent the loss of life, health, and property. In the workplace, this involves preventing accidents, reducing risks, and controlling known hazards.
Information Security
A practice of preventing unauthorized access, use, disclosure, disruption, modification, inspection, recording, or destruction of confidential, private, and sensitive information.
Root Cause Analysis
In science and engineering, root cause analysis (RCA) is a method of problem solving used for identifying the root causes of faults or problems. It is widely used in IT operations, telecommunications, industrial process control, accident analysis (e.g., in aviation, rail transport, or nuclear plants), medicine (for medical diagnosis), healthcare industry (e.g., for epidemiology), etc. RCA can be decomposed into four steps: Identify and describe clearly the problem. Establish a timeline from the normal situation up to the time the problem occurred. Distinguish between the root cause and other causal factors (e.g., using event correlation). Establish a causal graph between the root cause and the problem.RCA generally serves as input to a remediation process whereby corrective actions are taken to prevent the problem from reoccurring. The name of this process varies from one application domain to another.
More Skills...
Based on recent job listings, in-demand skills in the Operational Risk Analyst I field include Loss Prevention (2%), Information Security (1%), and Root Cause Analysis (1%). These skills reflect current market needs.
| Skills | Salary | Demand | |
|---|---|---|---|
| Skill & Salary | Demand | ||
| €63,239 |
Loss Prevention
€63,239
|
2%
|
|
| €62,619 |
Information Security
€62,619
|
1%
|
|
| €62,619 |
Root Cause Analysis
€62,619
|
1%
|
What does an Operational Risk Analyst I do?
Operational Risk Analyst I
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03/07/2021
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02/20/2021
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About Cologne, Germany
The metropolitan area encompasses over 405 square kilometres (156 square miles), extending around a central point that lies at 50° 56' 33 latitude and 6° 57' 32 longitude. The city's highest point is 118 m (387 ft) above sea level (the Monte Troodelöh) and its lowest point is 37.5 m (123 ft 0 in) above sea level (the Worringer Bruch). The city of Cologne lies within the larger area of the Cologne Lowland, a cone-shaped area of the central Rhineland that lies between Bonn, Aachen and Düsseldorf....
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
Operational Risk Analyst I Pay Difference by Cities
| City, Country | Compared to national average |
|---|---|
| City, Country Rhine-Ruhr, DE |
Compared to national average
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| City, Country Stuttgart, DE |
Compared to national average
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| City, Country Dusseldorf, DE |
Compared to national average
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| City, Country Cologne, DE |
Compared to national average
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| City, Country Bremen/Oldenburg, DE |
Compared to national average
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| City, Country Frankfurt/Rhine-Main, DE |
Compared to national average
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Employees with Operational Risk Analyst I in their job title in Cologne, DE earn an average of 10.5% more than the national average. The lower salaries can be found in Rhine-Ruhr, DE (3.5% less), Dusseldorf, DE (0.7% less).
Similar Jobs to Operational Risk Analyst I in Cologne, DE
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| Job Title | Location | Salary Range in EUR |
|---|---|---|
| Job Title Operational Risk Analyst II | Location Cologne, DE |
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| Job Title Operational Risk Analyst III | Location Cologne, DE |
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| Job Title Operational Risk Analyst IV | Location Cologne, DE |
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| Job Title Operational Risk Management Director | Location Cologne, DE |
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| Job Title Risk Analyst I | Location Cologne, DE |
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Understand the base salary paid range for an Operational Risk Analyst I in Cologne, DE
Average Base Salary
Core compensation
47162
68484
The chart shows the base salary for Operational Risk Analyst I in Cologne ranges from €47,162 to €68,484 with the average base salary of €61,999. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Operational Risk Analyst I may get paid difference by industry, location, and factors.
Operational Risk Analyst I Frequently Asked Questions
Can I expect to receive a higher salary for the position of Operational Risk Analyst I in Cologne than for the same job in Rhine-Ruhr in the Germany?
On average, an Operational Risk Analyst I, working in Cologne, Germany, would generally get a higher salary than those working in the city of Rhine-Ruhr. The larger cities in the DE typically provide numerous opportunities for Operational Risk Analyst I Jobs. Since Cologne, Germany is an attractive place to work for many professions, Operational Risk Analyst I Jobs could be competitive. Candidates need to consider personal preferences when deciding on a work location and weigh all factors including employment viability, cost of living, workforce competition, and quality of life in a particular location.
March 23, 2021
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What is the salary range for an Operational Risk Analyst I in Cologne, Germany? What is the average hourly rate?
The average salary for an Operational Risk Analyst I in Cologne, Germany is €61,999 per year. The salary range for an Operational Risk Analyst I is between €47,162 and €68,484. While we are seeing hourly wages as high as €33 and as low as €23, the majority of Operational Risk Analyst Is are currently paid an average of €30 in Cologne, Germany. The average salary pay range for an Operational Risk Analyst I can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for an Operational Risk Analyst I in Cologne, Germany can differ based on any or all of these varying factors.
March 23, 2021
salary.com
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Besides the base pay, what other benefits might be negotiable when considering an Operational Risk Analyst I job? What common items are generally included in a total compensation package?
A total compensation package consists of base pay or salary and all other types of pay and benefits that an Operational Risk Analyst I working in Cologne, Germany will receive in exchange for their job. Some common items included in the total compensation of an Operational Risk Analyst I working in the Cologne, Germany are bonuses, medical/dental/vision benefits coverage, paid leaves, life insurance, and pension plan company match. Some companies in the Cologne, Germany might also offer long-term incentives such as stock options or stock grants for Operational Risk Analyst Is. Other popular benefits are gym memberships, free parking, monthly car expenses, free food, and company discounts. Evaluate all offered benefits to determine if they are of value to you. Consider items that you value and see if you can negotiate favorable terms for them. For example, request an extra week of vacation, reimbursement for training, flexible work hours, or subsidized parking. These perks have a value that should be included when you evaluate the entire compensation package offered to you.
March 23, 2021
salary.com
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Last Update: March 23, 2021