Risk Analyst

Risk Management

Job Family

AU$115k

Salary

Job Growth

The number of positions relative to last year

Risk Analysts identify, analyze, and mitigate threats to an organization's financial health and operational integrity. They leverage statistical techniques, advanced analytics, and risk modeling to forecast potential risks, assess their impact, and develop strategies to minimize them. Risk Analysts often work with cross-functional teams and utilize a variety of tools like SAS, R, Python, and specific risk management software. They play a key role in maintaining regulatory compliance and enhancing decision-making processes.

What are the responsibilities & duties of a Risk Analyst?

Identify and evaluate potential risks affecting the organization's objectives.
Conduct detailed risk assessments to measure likelihood, impact, and risk tolerance.
Develop and monitor key performance and risk indicators to manage identified risks.
Perform root cause analysis of loss events and design effective risk mitigation strategies.
Stay abreast of regulatory requirements and ensure compliance across various functions.
Evaluate risks related to vendors and new or existing products and services.
Utilize risk management tools like SAI Global, ACL, and PowerBI effectively.
Analyze data and code (using tools like SAS) to support risk model development.
Present findings and insights to stakeholders, ensuring optimal model usage and understanding.
Collaborate with teams across the organization to implement risk management solutions.
Support investigative efforts in loss prevention and product availability issues.
Engage in ongoing learning and adaptation to new risk analysis methodologies and tools.

What are the required skills & experiences of a Risk Analyst?

Bachelor's degree in finance, accounting, risk management, mathematics, or a related field.
1-3 years of relevant experience in risk analysis or a related field.
Proficiency in Microsoft Office, especially Excel, and experience with data analysis tools.
Strong analytical, critical thinking, and problem-solving skills.
Excellent verbal and written communication skills, with the ability to present complex information clearly.
Ability to work independently and manage multiple tasks under pressure.
Familiarity with coding and analytics tools like SAS, R, or Python is a plus.
Experience in regulatory compliance and understanding of risk management principles.
Demonstrated ability to collaborate effectively with various organizational levels.
Strong attention to detail and a proactive approach to identifying and mitigating risks.

Discover how Alooba can help identify the best Risk Analysts for your team

Risk Analyst Levels

Intern Risk Analyst

An Intern Risk Analyst is a budding professional who assists in identifying and analyzing potential risks that could impact an organization's performance. They are detail-oriented, analytically minded, and ready to apply theoretical knowledge to real-world business challenges. Their role is crucial in supporting the organization's risk management strategy.

Graduate Risk Analyst

A Graduate Risk Analyst is a detail-oriented professional with a strong analytical mindset. They utilize their knowledge in statistics, data analysis, and business acumen to identify, assess, and mitigate potential risks that could impact the organization's operations and strategic goals.

Junior Risk Analyst

A Junior Risk Analyst is an early-career professional who assists in identifying and assessing potential risks that could affect business performance. They apply statistical analysis, data interpretation, and problem-solving skills to provide valuable insights that support risk management strategies.

Risk Analyst (Mid-Level)

A Risk Analyst is a key player in identifying and assessing the potential risks that may hinder the reputation, safety, security, and financial prosperity of an organization. They are skilled in using statistical analyses to drive fact-based decision making and are at the forefront of corporate risk mitigation strategies.

Senior Risk Analyst

A Senior Risk Analyst is a seasoned professional who identifies and assesses potential risks that could impact an organization's operations and outcomes. They are skilled in using analytical tools to predict risks and develop strategies to mitigate them. Their expertise is crucial in guiding an organization's risk management strategy and ensuring business continuity.

Lead Risk Analyst

A Lead Risk Analyst is a seasoned professional who oversees the identification, evaluation, and mitigation of risks that could potentially impact an organization's operations and objectives. They lead risk analysis projects, develop risk management strategies, and communicate their findings to stakeholders to inform strategic decisions.

Common Risk Analyst Required Skills

Central Limit Theorem

Conversion Rate Optimisation

Crazy Egg

Cross Domain Tracking

Cross Site Scripting

Customer Relationship Management D3.js

D3.js

Data Cataloging

Data Compression

Data Quality Assurance

Dell Boomi

Digital Marketing Analytics

Display Marketing dplyr

dplyr

Elasticity

Enterprise Service Management

Event Tracking

Feature Engineering Finance

Finance

Funnels

Google Ads

Google Display Ads Groovy

Imbalance Class Problem

In-Memory Computing

Information Security

Infrastructure Performance Monitoring

Intellect

Machine Learning Lifecycle

Market Analytics

Market Basket Analysis

Marketing

Marketing Analytics

Median

Methodologies Metrics

Metrics

Microsoft Advertising

Orderliness OWASP

Pie Charts Pixels

Principal Component Analysis

Probability Distributions

Risk Analysis

Robustness

RudderStack

Search Engine Optimization

Unsupervised Learning

User Retention

Version Control Viruses

Viruses

XML

Z-Scores

Over 50,000 Candidates Can't Be Wrong

Overall, it was a truly excellent interview. The quality of the questions, and the overall flow of the conversation were impressive. Despite being aware of my shortcomings in certain areas, I am satisfied of this interview.

Samuel

Marketing data analyst candidate at leading OTA

This was a great platform to give the exam and was pretty easy to use for me, even as a newbie to this platform.

Udaya

Senior data science candidate for consumer good multinational

This was a very interesting round and definitely tests our business acumen. Would be excited to see what's ahead.

Anoop

Data analytics candidate for large enterprise

The assessment exam was interesting enough to test my sales and marketing knowledge.

Vera

Business development rep for Australian startup

Our Customers Say

I was at WooliesX (Woolworths) and we used Alooba and it was a highly positive experience. We had a large number of candidates. At WooliesX, previously we were quite dependent on the designed test from the team leads. That was quite a manual process. We realised it would take too much time from us. The time saving is great. Even spending 15 minutes per candidate with a manual test would be huge - hours per week, but with Alooba we just see the numbers immediately.

Shen Liu, Logickube (Principal at Logickube)

I wouldn't dream of hiring somebody in a technical role without doing that technical assessment because the number of times where I've had candidates either on paper on the CV, say, I'm a SQL expert or in an interview, saying, I'm brilliant at Excel, I'm brilliant at this. And you actually put them in front of a computer, say, do this task. And some people really struggle. So you have to have that technical assessment.

Mike Yates, The British Psychological Society (Head of Data & Analytics)

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Scott Crowe, Canva (Lead Recruiter - Data)

How can you accurately assess somebody's technical skills, like the same way across the board, right? We had devised a Tableau-based assessment. So it wasn't like a past/fail. It was kind of like, hey, what do they send us? Did they understand the data or the values that they're showing accurate? Where we'd say, hey, here's the credentials to access the data set. And it just wasn't really a scalable way to assess technical - just administering it, all of it was manual, but the whole process sucked!

Cole Brickley, Avicado (Director Data Science & Business Intelligence)