As of December 01, 2024, the average annual pay of Risk Analyst III in Joliet, IL is $107,117. While Salary.com is seeing that Risk Analyst III salary in Joliet, IL can go up to $135,782 or down to $81,483, but most earn between $93,699 and $122,121. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Risk Analyst III in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $119,259 | $9,938 | $2,293 | $57 |
| Average | $104,607 | $8,717 | $2,012 | $50 |
| 25th Percentile | $91,503 | $7,625 | $1,760 | $44 |
An entry-level Risk Analyst III with under 1 year experience makes about $100,590. With less than 2 years of experience, a mid-level Risk Analyst III makes around $101,586. After 2-4 years, the Risk Analyst III pay rises to about $103,578. Those senior Risk Analyst III with 5-8 years of experience earn roughly $111,023, and those Risk Analyst III having 8 years or more experience are expected to earn about $115,033 on average.
| Levels | Salary |
|---|---|
| Entry Level Risk Analyst III | $100,590 |
| Intermediate Level Risk Analyst III | $101,586 |
| Senior Level Risk Analyst III | $103,578 |
| Specialist Level Risk Analyst III | $111,023 |
| Expert Level Risk Analyst III | $115,033 |
| Entry Level | 4% |
| Mid Level | 3% |
| Senior Level | 1% |
| Top Level | 6% |
| Experienced | 10% |
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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.
Trading: Trading is the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries.
SQL: Structured Query Language) is a domain-specific language used in programming and designed for managing data held in a relational database management system (RDBMS), or for stream processing in a relational data stream management system (RDSMS).
| Skill | Salary | Demand |
|---|---|---|
|
Coordination
|
$110,331 |
3%
|
|
Communication Skills
|
$110,331 |
3%
|
|
Trading
|
$110,331 |
3%
|
|
Operational Risk
|
$110,331 |
3%
|
|
Presentation
|
$110,331 |
3%
|
|
Financial Services
|
$109,260 |
2%
|
