How much does a Risk Analyst I make in New Jersey? The average Risk Analyst I salary in New Jersey is $69,329 as of April 24, 2024, but the range typically falls between $61,035 and $79,752. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Risk Analyst I Salary | $53,483 | NJ | April 24, 2024 |
25th Percentile Risk Analyst I Salary | $61,035 | NJ | April 24, 2024 |
50th Percentile Risk Analyst I Salary | $69,329 | NJ | April 24, 2024 |
75th Percentile Risk Analyst I Salary | $79,752 | NJ | April 24, 2024 |
90th Percentile Risk Analyst I Salary | $89,242 | NJ | April 24, 2024 |
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.
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.
Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
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 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
Salary.com job board provides millions of Risk Analyst I information for you to search for. Click on search button below to see Risk Analyst I job openings or enter a new job title here.
Location | Avg. Salary | Date Updated |
---|---|---|
Location Bayonne, NJ | Avg. Salary $71,480 | Date Updated April 24, 2024 |
Location Bergenfield, NJ | Avg. Salary $72,745 | Date Updated April 24, 2024 |
Location Bloomfield, NJ | Avg. Salary $72,808 | Date Updated April 24, 2024 |
Location East Brunswick, NJ | Avg. Salary $71,417 | Date Updated April 24, 2024 |
Location Hoboken, NJ | Avg. Salary $73,884 | Date Updated April 24, 2024 |
Location Irvington, NJ | Avg. Salary $71,480 | Date Updated April 24, 2024 |
Location Lakewood, NJ | Avg. Salary $70,404 | Date Updated April 24, 2024 |
Location Middlesex, NJ | Avg. Salary $70,974 | Date Updated April 24, 2024 |
Location Passaic, NJ | Avg. Salary $72,808 | Date Updated April 24, 2024 |
Location Union, NJ | Avg. Salary $71,480 | Date Updated April 24, 2024 |
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.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Information Security Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Risk Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Risk Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Risk Analyst V | Experience 10 + | EducationBachelors | Salary Compared to This Job |
Job Title Risk Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Risk Analyst I salary of your education level.
Risk Analyst I salary varies from country to country. There are several factors that mainly impact the Risk Analyst I salary, including cost of living, economic conditions, market rates and legal differences. Click below to Risk Analyst I salary of the other country.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Risk Analyst I salary varies from category to category. Click below to see Risk Analyst I salary in different categories.
About New Jersey New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newa....More
Skills associated with Risk Analyst I: Statistical Analysis, Operational Risk, Business Analytics, Risk Analysis ...More
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Salary estimation for Risk Analyst I at companies like : Woodsboro Auto Sales Inc, Mgp Holdings I LP, Toyota RAV4 Limited I4 4WD
Jobs with a similar salary range to Risk Analyst I : Risk Management Officer