What does a market risk analyst do day to day?
Market risk analysts assess the stock market's influence on their company's share prices. Market risk analysts work for financial institutions and investment companies. They can also be found employed in the energy industry.
A Typical Day for a Market Risk Analyst
Later in the afternoon, you may review Value at Risk, or VaR, reports, the critical market risk metric. Regulators use VaR to measure market risk exposure, as well as used to guide internal operational decision-making.
A typical day for a risk analyst involves analyzing data, creating reports, communicating with clients and stakeholders, attending meetings, and performing research on current market trends.
Market risk analysts use their experience and industry or market knowledge to advise about potential investments. They provide companies or investors with information on market trends and need an overall grasp of their research industry to provide clients with a comprehensive market assessment.
Job profiles and salaries
Market risk management might be a fairly new domain of management work but the career progression is fairly smooth. The most turbulence and saturation can be seen at the entry-level but with higher experience, the domain becomes more evened out.
High. Stress is not uncommon amongst market research analysts, with daily work sometimes being quite demanding.
Life as a risk analyst can be challenging, as risk management is filled with inherently difficult decisions, and risk-related data does not always entail straightforward solutions. Nevertheless, this career offers the opportunity to make a direct impact on an organization's success.
Risk Analyst salary in India ranges between ₹ 2.0 Lakhs to ₹ 18.0 Lakhs with an average annual salary of ₹ 7.4 Lakhs.
Hours - 8-8 usually with no weekends. There will be the occasional 10pm night but it is rare.
Being a Risk Analyst is unquestionably a prestigious and rewarding career choice. To evaluate its attractiveness, let's break down various factors: Opportunities for Advancement (Score: 8): As a high-level position, the Risk Analyst role offers considerable influence and decision-making authority.
How much do market risk analysts make in the US?
How much does a Market Risk Analyst make? As of Mar 4, 2024, the average annual pay for a Market Risk Analyst in the United States is $108,333 a year.
| On-the-Job Training | Not formally provided, but experience acquired through time on the job |
|---|---|
| Key Skills | Computer competency, critical and analytical thinking, excellent judgment and decision making, attention to detail, strong mathematical foundation |
Examples of market risk are: changes in equity prices or commodity prices, interest rate moves or foreign exchange fluctuations. Market risk is one of the three core risks all banks are required to report and hold capital against, alongside credit risk and operational risk.
The average Market Risk Analyst in the US makes $140,742. The average bonus for a Market Risk Analyst is $42,000 which represents 42.54% of their salary, with 5% of people reporting that they receive a bonus each year.
$122K (Median Total Pay)
The average Market Risk Associate base salary at Goldman Sachs is $106K per year.
Average Goldman Sachs Risk Analyst yearly pay in Karnataka is approximately ₹ 16,09,687, which is 153% above the national average.
As a remote marketing analyst, you work from home to help your organization understand trends, competitors, and brand performance.
Most data analysts are paid fairly, and the more senior workers earn higher salaries than many other professions. The average data analyst salary is around $64,000 per year, and an entry level data analyst salary is around $36,000 per year or more. The highest-paying jobs reach $100,000 per year or more.
Get your degree
Many marketing analyst positions ask that you have at least a bachelor's degree, and may prefer candidates with master's degrees. Though some companies are willing to waive degree requirements if you have enough relevant experience, a degree can boost your competitiveness in the job market.
The typical work schedule of a risk analyst is between 35 and 40 hours a week.
What is the personality type of a risk analyst?
Risk management specialists tend to be predominantly conventional individuals, meaning that they are usually detail-oriented and organized, and like working in a structured environment.
To become a risk analyst, typically, you'd need a strong foundation in finance, statistics, or a related field. Pursuing a relevant degree, gaining analytical skills, and staying updated on industry trends can pave the way. Internships or entry-level positions in risk management also provide valuable experience.
Average J.P. Morgan Risk Analyst yearly pay in India is approximately ₹ 15,15,841, which is 138% above the national average. Salary information comes from 22 data points collected directly from employees, users, and past and present job advertisem*nts on Indeed in the past 36 months.
Most risk analysts complete a bachelor's degree in finance or another quantitative business field such as economics, statistics, accounting or mathematics. Courses in risk management, data analysis and investment provide information that can help you excel once you secure a job.
Job outlook for risk analysts in the Unites States
The projected risk analyst job growth rate is 9% from 2018-2028. About 31,900 new jobs for risk analysts are projected over the next decade. Risk analyst salaries have increased 9% for risk analysts in the last 5 years.
References
- https://learn.org/articles/Whats_the_Job_Description_of_a_Market_Risk_Analyst.html
- https://www.investopedia.com/terms/m/marketrisk.asp
- https://www.vic.gov.au/safework/safework-general-module/hazard-identification-risk-assessment-risk-control
- https://www.cfainstitute.org/en/programs/cfa/charterholder-careers/roles/risk-analyst-risk-manager
- https://www.simplilearn.com/common-project-risks-article
- https://www.pmi.org/learning/library/risk-analysis-project-management-7070
- https://www.glassdoor.co.in/Career/market-risk-analyst-career_KO0,19.htm
- https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/measuring-managing-market-risk
- https://in.indeed.com/cmp/Goldman-Sachs/salaries/Risk-Analyst/Karnataka
- https://www.pmi.org/learning/library/effective-strategies-exploiting-opportunities-7947
- https://www.quora.com/Whats-an-example-of-a-market-failure-that-happened-in-real-life
- https://www.careerexplorer.com/careers/risk-management-specialist/personality/
- https://www.risk.net/definition/market-risk
- https://www.icmagroup.org/assets/documents/Regulatory/Secondary-markets/Bond-Market-Liquidity-Library/Tian-Y---2009---Market-Liquidity-Risk-and-Market-Risk-Measurement-290118.pdf
- https://www.zippia.com/risk-analyst-jobs/trends/
- https://www.investopedia.com/terms/r/risk-control.asp
- https://www.investopedia.com/ask/answers/062415/what-are-major-categories-financial-risk-company.asp
- https://corporatefinanceinstitute.com/resources/career-map/sell-side/risk-management/major-risks-for-banks/
- https://www.ziprecruiter.com/Salaries/Market-RISK-Analyst-Salary
- https://www.techtarget.com/searchcio/definition/three-lines-model
- https://www.techtarget.com/searchsecurity/definition/risk-analysis
- https://www.xibms.com/blog/career-prospects-in-market-risk-management/
- https://climatescience.org/advanced-climate-economics
- https://www.gfoa.org/materials/managing-market-risk-in-investment-portfolios
- https://corporatefinanceinstitute.com/resources/career-map/sell-side/risk-management/market-risk-analyst/
- https://www.investopedia.com/terms/r/risk-analysis.asp
- https://www.occ.treas.gov/news-issuances/news-releases/1996/nr-occ-1996-2a.pdf
- https://www.evotix.com/resources/blog/5-types-of-risk-assessment-how-to-use-them
- https://www.ziprecruiter.com/career/Remote-Marketing-Analyst/What-Is-How-to-Become
- https://www.indeed.com/career-advice/finding-a-job/how-to-become-risk-analyst
- https://safetyculture.com/topics/risk-analysis/
- https://www.bankofengland.co.uk/explainers/what-risks-do-banks-take
- https://safetyculture.com/topics/risk-assessment/
- https://www.ambitionbox.com/profile/risk-analyst-salary
- https://4dayweek.io/career-path/risk-analyst
- https://www.investopedia.com/ask/answers/042415/what-are-primary-sources-market-risk.asp
- https://www.careerexplorer.com/careers/market-research-analyst/work-environment/
- https://www.investopedia.com/terms/i/inflationrisk.asp
- https://www.financestrategists.com/wealth-management/investment-risk/market-risk/
- https://www.barrons.com/articles/biggest-global-risks-markets-2024-0bfcee22
- https://www.investopedia.com/terms/r/risk-freerate.asp
- https://www.investopedia.com/articles/investing-strategy/082816/methods-handling-risk-quick-guide.asp
- https://in.indeed.com/cmp/J.P.-Morgan-9/salaries/Risk-Analyst
- https://www.scilife.io/blog/5-risk-assessment-tools
- https://www.ig.com/en/trading-strategies/market-risk-explained-190213
- https://www.sandrunrisk.com/blog/risk-financing-guidelines-part-ii-risk-financing-methods
- https://www.in.gov/idem/toxic/air-risk-assessment/four-steps-of-the-risk-assessment-process/
- https://cales.arizona.edu/classes/rnr485/ch2.htm
- https://miuniversity.edu/news/how-do-i-calculate-the-liquidity-risk-of-a-company/
- https://www.investopedia.com/articles/personal-finance/101315/4-ways-simple-interest-used-real-life.asp
- https://www.comparably.com/salaries/salaries-for-market-risk-analyst
- https://worksafe.nt.gov.au/__data/assets/pdf_file/0007/686635/guide-six-steps-to-risk-management.pdf
- https://www.randstadusa.com/job-seeker/career-advice/job-profiles/risk-analyst/
- https://www.springboard.com/blog/data-analytics/data-analyst-salary/
- https://www.glassdoor.com/Salary/Goldman-Sachs-Market-Risk-Associate-Salaries-E2800_D_KO14,35.htm
- https://www.risk.net/definition/market-risk-modelling
- https://www.piranirisk.com/blog/5-tools-for-identifying-risks
- https://www.isaca.org/resources/isaca-journal/past-issues/2014/an-enhanced-risk-formula-for-software-security-vulnerabilities
- https://www.nibusinessinfo.co.uk/content/types-risk-your-business-faces
- https://www.investopedia.com/terms/i/interestraterisk.asp
- https://www.randstad.com.au/job-profiles/risk-analyst/
- https://www.investopedia.com/terms/f/financialrisk.asp
- https://www.coursera.org/articles/marketing-analyst
- https://www.investopedia.com/terms/m/marketfailure.asp
- https://www.riminitiative.org/operational-risk/
- https://www.linkedin.com/advice/1/how-do-you-become-risk-analyst-skills-risk-management-okhte
- https://www.wallstreetoasis.com/forum/investment-banking/my-experience-as-a-market-risk-analyst
