Risk Analyst I Salary in Singapore

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How much does a Risk Analyst I make in Singapore? The average Risk Analyst I salary in Singapore is S$58,511 as of March 23, 2021, but the range typically falls between S$42,362 and S$74,865. 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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Global Market Data
50TH(Median) S$58,511 25TH S$42,362 75TH S$74,865

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Skills to Boost a Risk Analyst I Salary

Mastering key skills can significantly increase your earning potential as a 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 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
Loss Prevention S$59,681
Loss Prevention
S$59,681
2%
Information Security S$59,096
Information Security
S$59,096
1%
Root Cause Analysis S$59,096
Root Cause Analysis
S$59,096
1%
Loss Prevention
9.94%
Information Security
1.55%
Root Cause Analysis
4.74%
Job Openings for Risk Analyst I
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About Singapore

Singapore (/ˈsɪŋ(ɡ)əpɔːr/ (About this soundlisten)), officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia. It lies about one degree of latitude (137 kilometres or 85 miles) north of the equator, off the southern tip of the Malay Peninsula, bordering the Straits of Malacca to the west, the Riau Islands (Indonesia) to the south, and the South China Sea to the east. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet, the combined area of which has increased by 25% since the country's independ...
Source: Wikipedia (as of 03/22/2021). Read more from Wikipedia

Understand the base salary paid range for a Risk Analyst I in Singapore

Average Base Salary

Core compensation

42362
74865
58511
The chart shows the base salary for Risk Analyst I ranges from S$42,362 to S$74,865 with the average base salary of S$58,511. 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 Risk Analyst I may get paid difference by industry, location, and factors.

Risk Analyst I Frequently Asked Questions in Singapore

What is the salary range for a Risk Analyst I in Singapore? What is the average hourly rate?

The average salary for a Risk Analyst I in Singapore is S$58,511 per year. The salary range for a Risk Analyst I is between S$42,362 and S$74,865. While we are seeing hourly wages as high as S$36 and as low as S$20, the majority of Risk Analyst Is are currently paid an average of S$28 in Singapore. The average salary pay range for a 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 a Risk Analyst I in Singapore can differ based on any or all of these varying factors. March 23, 2021 salary.com )
Why should you negotiate salary for a Risk Analyst I role? What are effective negotiation strategies?

Most hiring managers in Singapore expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the Risk Analyst I position that you can in Singapore. This starting salary of the Risk Analyst I position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the Risk Analyst I position in Singapore, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs. March 23, 2021 salary.com )
How do you evaluate the advantages, opportunities, and salary for a Risk Analyst I role located in large metropolitan city or in a small town?

Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of a Risk Analyst I in the Singapore can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. a Risk Analyst I job in a large city of the Singapore may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the Singapore also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which Risk Analyst I job is right for you. March 23, 2021 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap
Last Update: March 23, 2021