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Career overview · SOC 13-2054

Financial Risk Specialists

Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.

Also called: Analyst · Equity Research Analyst · Risk Analyst · Risk Manager · Risk Specialist · Securities Analyst

Median pay (national)
$106,000
$62,270–$182,310 (10th–90th)
Employed (US)
56,320
BLS OEWS, May 2024
Outlook 2024–34
+6.5%
~4,800 openings/yr
Typical entry
Bachelor's degree

What the numbers say

Refit analysis ·Pay for financial risk specialists shows an unusually wide range: the top 10% earn $182,310 versus $62,270 at the bottom 10% — 2.9x. The median of $106,000 leaves roughly 72% of headroom to the 90th percentile, which is where seniority, specialization, and the skills below tend to pay off.
Refit analysis ·Employment is projected to change +6.5% from 2024 to 2034 — faster than the 3% all-occupation average. Even so, BLS projects about 4,800 openings a year, mostly to replace workers who retire or change careers.
Refit analysis ·Where you work moves the number a lot. Across the 50 states with released data, New York pays the most for this role (median $138,330, +31% vs the national median), while Louisiana sits lowest at $55,050 — a 151% spread for the same job title.

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What they actually do

Core O*NET tasks for this role.

  • Analyze areas of potential risk to the assets, earning capacity, or success of organizations.
  • Analyze new legislation to determine impact on risk exposure.
  • Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
  • Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
  • Consult financial literature to ensure use of the latest models or statistical techniques.
  • Contribute to development of risk management systems.
  • Determine potential environmental impacts of new products or processes on long-term growth and profitability.
  • Develop contingency plans to deal with emergencies.
  • Develop or implement risk-assessment models or methodologies.
  • Devise scenario analyses reflecting possible severe market events.

Tools & technology

  • Microsoft Excel
  • Microsoft Office software
  • Microsoft Power BI
  • Microsoft PowerPoint
  • Python
  • R
  • Structured query language SQL
  • Tableau
  • Amazon Web Services AWS software
  • Apache Hive
  • Atlassian JIRA
  • C++
  • IBM SPSS Statistics
  • Intuit QuickBooks
  • Linux
  • Marketo Marketing Automation