How much does a Risk Analyst I make in Rochester, NY? The average Risk Analyst I salary in Rochester, NY is $61,981 as of February 26, 2024, but the range typically falls between $54,568 and $71,304. 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 online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Risk Analyst I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Risk Analyst I Salary $47,818 Rochester,NY February 26, 2024
25th Percentile Risk Analyst I Salary $54,568 Rochester,NY February 26, 2024
50th Percentile Risk Analyst I Salary $61,981 Rochester,NY February 26, 2024
75th Percentile Risk Analyst I Salary $71,304 Rochester,NY February 26, 2024
90th Percentile Risk Analyst I Salary $79,792 Rochester,NY February 26, 2024
25% $54,568 10% $47,818 90% $79,792 75% $71,304 $61,981 50%(Median) Didn’t find job title? Click
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Financial Analyst I

Workforce Solutions Borderplex - El Paso, TX

LIFE CYCLE COST ANALYST

QTEC Aerospace - Huntsville, AL

What skills does a Risk Analyst I need?

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.

1.

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.

2.

Accounting: Creating financial statements and reports based on the summary of financial and business transactions.

3.

Life insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

Risk Management 9.76%
Accounting 1.55%
Life insurance 0.9%
Others 87.79%

Job Description for Risk Analyst I

Risk Analyst I evaluates the vulnerability of an organization's assets to determine the potential risk factors. Performs statistical analysis to quantify risk and forecast probable outcomes. Being a Risk Analyst I prepares reports and presents findings to assist management with decision-making while offering solutions to minimize or eliminate risks. Monitors internal and external risk factors including economic, market, and regulatory risks to continuously maintain maximum protection of an organization's assets. Additionally, Risk Analyst I supports managers in risk management or risk model construction. Requires a bachelor's degree. Typically reports to a supervisor. The Risk Analyst I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Risk Analyst I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Risk Analyst I in Rochester, NY

Career Path for Risk Analyst I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Risk Analyst I, the first career path typically progresses to E-commerce Risk Director.

The second career path typically progresses to Environmental Risk Management Specialist.

The third career path typically starts with an Insurance Risk Analyst II position, and then progresses to Insurance Risk Analyst IV.

Additionally, the fourth career path typically starts with a Risk Analyst II position, and then progresses to Risk Analyst IV.

Those that have already made the climb...
Theodore B. Young, Chief Financial Officer
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.
Fiscal Year Ended in 2023
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Risk Analyst I salary varies from city to city. Compared with national average salary of Risk Analyst I, the highest Risk Analyst I salary is in San Francisco, CA, where the Risk Analyst I salary is 25.0% above. The lowest Risk Analyst I salary is in Miami, FL, where the Risk Analyst I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Risk Analyst I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
54568
71304
61981

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
56001
74481
63691
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Risk Analyst I in Rochester, NY. The base salary for Risk Analyst I ranges from $54,568 to $71,304 with the average base salary of $61,981. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $56,001 to $74,481 with the average total cash compensation of $63,691.
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54568
71304

 

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About Rochester, New York    Rochester is at 43°9′56″N 77°36′41″W / 43.16556°N 77.61139°W / 43.16556; -77.61139 (43.165496, −77.611504). The city is about 73 miles (120 km) eas....More

Rochester, New York  area prices were up 1.5% from a year ago    View the Cost of Living in Rochester, New York

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Skills associated with Risk Analyst I: Operational Risk, Data Modeling, Risk Assessment, Financial Risk Management Software ...More

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