As of December 01, 2024, the average annual pay of Risk Analyst I in Concord, NC is $61,259. While Salary.com is seeing that the highest pay for Risk Analyst I in Concord, NC can go up to $78,335 and the lowest down to $47,342, but most earn between $53,974 and $70,197. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Risk Analyst I in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $73,814 | $6,151 | $1,419 | $35 |
| Average | $64,415 | $5,368 | $1,239 | $31 |
| 25th Percentile | $56,755 | $4,730 | $1,091 | $27 |
An entry-level Risk Analyst I with under 1 year experience makes about $60,405. With less than 2 years of experience, a mid-level Risk Analyst I makes around $61,211. After 2-4 years, the Risk Analyst I pay rises to about $63,201. Those senior Risk Analyst I with 5-8 years of experience earn roughly $63,599, and those Risk Analyst I having 8 years or more experience are expected to earn about $63,865 on average.
| Levels | Salary |
|---|---|
| Entry Level Risk Analyst I | $60,405 |
| Intermediate Level Risk Analyst I | $61,211 |
| Senior Level Risk Analyst I | $63,201 |
| Specialist Level Risk Analyst I | $63,599 |
| Expert Level Risk Analyst I | $63,865 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 2% |
| Top Level | 1% |
| Experienced | 1% |
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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.
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.
Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
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
| Skill | Salary | Demand |
|---|---|---|
|
Environmental Compliance
|
$68,610 |
12%
|
|
Business Statistics
|
$67,997 |
11%
|
|
Retail Banking
|
$66,772 |
9%
|
|
Partnering
|
$65,547 |
7%
|
|
Effective Communication
|
$65,547 |
7%
|
|
Regulatory Environment
|
$64,934 |
6%
|
