Employment Outlook

Risk Analyst

Risk Analysts deal with risk plans, compliance issues, organise, direct, control and coordinate the financial and accounting activities within organisations.

 

Average wage for

Employment Levels

There are currently 47 500 people employed as Risk Analysts who deals with risk in Australia. According to the Department of Employment over the next 5 years (up until the year 2018) there will be more than 6 000 additional job openings within this profession.

Employment by State

The majority of Risk Analysts are employed within NSW. There are a higher proportion of Risk Analysts in VIC and QLD than the average for all occupations, while the population in SA, TAS, NT and ACT is close to the national average.

Gender Split

This is a male dominated industry. 56% of Risk Analysts are male and 44% are female.

Age Brackets

The median age for Risk Analysts is 44 years. Risk Analysts are 4 years older than the average age for all occupations.

Hours Worked

Risk Analysts who deal with risk work an average of 43.3 hours a week. This is 2.2 hours more per week than the average for all occupations.

Education Level

The majority of workers employed in this profession have at least a Year 12 qualification. 35.6% of Risk Analysts have a qualification that is a Bachelors Degree or higher while 18.4% have a qualification that is Year 12 or lower.

Risk Analyst Duties & Tasks

  • Execute compliance frameworks
  • Identify risk, control and deficiencies
  • Provide insight and challenge
  • Coach and train leaders
  • Recommend plans of action regarding limitation and management of risk

 

 

*The information provided on this page is from the Department of Employment’s Job Outlook website. All salary ranges are from Payscale. Where jobs are not exact matches, job areas have been used. This information is to be used as a guide only. 

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