Use this Risk Analyst job description template to attract qualified candidates for your organization.
A Risk Analyst is a professional who identifies, evaluates, and mitigates risks that could impact an organization’s financial performance, operations, or strategic goals. They analyze data, assess potential threats, and recommend strategies to minimize losses and improve decision-making.
A Risk Analyst examines internal and external factors to help organizations reduce uncertainty and improve risk-based decisions. They work across finance, operations, compliance, and strategy. Key responsibilities include:
- Analyzing financial statements, market trends, and operational data to identify risks.
- Developing risk models to support forecasting and scenario planning.
- Evaluating internal controls and recommending improvements.
- Monitoring regulatory compliance and industry changes.
- Preparing reports and presenting insights to senior management.
Risk Analyst Job Description Template
We are seeking a detail-oriented and analytical Risk Analyst to assess potential risks and support the organization in making data-driven decisions. The ideal candidate will have strong quantitative skills, financial knowledge, and experience with risk assessment tools. You will work closely with cross-functional teams to evaluate risks, ensure compliance, and improve organizational resilience.
Roles & Responsibilities
- Conduct risk assessments across financial, operational, and strategic areas.
- Analyze market trends and economic indicators to identify emerging risks.
- Develop and maintain quantitative risk models and forecasting tools.
- Evaluate internal controls and recommend process improvements.
- Monitor compliance with regulatory requirements and industry standards.
- Prepare comprehensive risk reports for leadership and stakeholders.
- Collaborate with departments to design strategies that reduce exposure.
- Assist in creating risk mitigation plans and business continuity strategies.
- Support audits and regulatory inspections as required.
- Maintain risk databases, dashboards, and documentation.
Requirements & Skills
- Bachelor’s degree in Finance, Economics, Statistics, Business, or related field.
- Proven experience as a Risk Analyst or similar role.
- Strong analytical, mathematical, and problem-solving skills.
- Proficiency in risk assessment tools, data analysis, and financial modeling.
- Knowledge of regulations (SOX, Basel, GDPR, etc.) is a plus.
- Advanced Excel skills; familiarity with Python, R, SQL, or BI tools preferred.
- Excellent communication skills to present findings clearly.
- High attention to detail and ability to work under deadlines.
Who do Risk Analysts report to?
Risk Analysts typically report to:
- Risk Manager
- Chief Risk Officer (CRO)
- Finance Manager
- Director of Compliance
Post this on job boards and careers pages to find professionals who can evaluate financial, operational, and strategic risks. Feel free to customize job duties and requirements based on your company’s needs. Similar job titles include Risk Assessment Analyst, Financial Risk Analyst, and Credit Risk Analyst.
How to Assess Risk Analyst Skills Effectively
Candidates may list risk analysis experience on their resumes, but assessing their actual ability to evaluate financial, operational, or strategic risks before the interview is crucial. A structured Risk Analyst assessment ensures you hire professionals who can identify vulnerabilities, forecast potential threats, and support informed decision-making.
Here’s how you can assess Risk Analyst proficiency effectively with WeCP:
- Risk Assessment & Modeling – Test candidates on their ability to analyze risk factors, build risk models, and interpret data to forecast potential outcomes.
- Data Analysis & Financial Acumen – Evaluate their proficiency in analyzing financial statements, market trends, and large datasets to identify risk exposure.
- Regulatory & Compliance Knowledge – Assess their understanding of industry regulations, compliance standards, and internal controls.
- Problem-Solving & Scenario Planning – Check their capability to develop mitigation strategies, conduct scenario analysis, and recommend actionable solutions.
- Reporting & Communication Skills – Ensure they can translate complex risk insights into clear reports for stakeholders and leadership teams.
With WeCP’s Risk Analyst assessments, you can efficiently filter out underqualified candidates, streamline the hiring process, and ensure high-quality hires who can safeguard your organization against financial and operational risks while supporting strategic growth.
