A Compliance and Risk Analyst is responsible for evaluating and ensuring that an organization adheres to legal standards and in-house policies. They identify and manage risks that could potentially harm the organization and ensure that the company's operations are conducted in compliance with regulatory requirements.
Key Responsibilities
Conduct risk assessments and compliance audits
Develop and implement risk management strategies
Monitor and report on compliance with regulatory requirements
Prepare and review compliance documentation and reports
Collaborate with departments to ensure risk management and compliance practices are integrated into their processes
Top Skills for Success
Analytical Thinking
Regulatory Knowledge
Attention to Detail
Risk Management
Communication Skills
Career Progression
Can Lead To
Compliance Manager
Risk Manager
Transition Opportunities
Audit Manager
Fraud Analyst
Common Skill Gaps
Often Missing Skills
Advanced Data AnalysisRegulatory Change Management
Development SuggestionsConsider enrolling in workshops or courses focused on data analytics and keeping up-to-date with regulatory changes through webinars and industry publications.
Salary & Demand
Median Salary Range
Entry Level$55,000 - $70,000
Mid Level$70,000 - $90,000
Senior Level$90,000 - $120,000
Growth Trend
The demand for Compliance and Risk Analysts is growing steadily as organizations increasingly prioritize regulatory compliance and risk mitigation.
Companies Hiring
Major Employers
JPMorgan ChaseBank of AmericaDeloitte
Industry Sectors
Financial ServicesConsultingHealthcare
Recommended Next Steps
1
Pursue certifications such as Certified Compliance & Ethics Professional (CCEP) or Certified Risk Manager (CRM).
2
Engage in networking events and professional groups related to compliance and risk management to stay informed about industry trends.
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