Salary for Senior-level / Expert Risk Analyst during 2024

Salary details

The average senior-level / expert Risk Analyst salary lies between USD 126,000 and USD 160,000 globally. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Nov. 17, 2024

Top 20 Job Tags for Senior-level / Expert Risk Analyst roles

The three most common job tag items assiciated with senior-level / expert Risk Analyst job listings are Risk management, Compliance and Risk assessment. Below you find a list of the 20 most occuring job tags in 2024 and the number of open jobs that where associated with them during that period:

Risk management | 84 jobs Compliance | 71 jobs Risk assessment | 69 jobs NIST | 59 jobs Governance | 58 jobs CISSP | 55 jobs CRISC | 45 jobs CISA | 43 jobs Monitoring | 43 jobs Cloud | 42 jobs CISM | 39 jobs Privacy | 38 jobs ISO 27001 | 34 jobs Audits | 32 jobs Strategy | 32 jobs Computer Science | 27 jobs Vulnerabilities | 25 jobs Automation | 23 jobs RMF | 21 jobs KPIs | 17 jobs

Top 20 Job Perks/Benefits for Senior-level / Expert Risk Analyst roles

The three most common job benefits and perks assiciated with senior-level / expert Risk Analyst job listings are Career development, Health care and Flex vacation. Below you find a list of the 20 most occuring job perks or benefits in 2024 and the number of open jobs that where offering them during that period:

Career development | 67 jobs Health care | 46 jobs Flex vacation | 27 jobs Equity / stock options | 26 jobs Flex hours | 26 jobs Competitive pay | 22 jobs Team events | 22 jobs 401(k) matching | 21 jobs Medical leave | 19 jobs Salary bonus | 19 jobs Insurance | 18 jobs Parental leave | 14 jobs Fitness / gym | 7 jobs Wellness | 6 jobs Startup environment | 6 jobs Transparency | 5 jobs Relocation support | 4 jobs Fertility benefits | 4 jobs Conferences | 1 jobs Pet friendly | 1 jobs

Salary Composition for a Senior-level/Expert Risk Analyst

The salary for a Senior-level/Expert Risk Analyst in InfoSec/Cyber Security typically comprises a fixed base salary, performance bonuses, and additional remuneration such as stock options or profit-sharing. The composition can vary significantly based on region, industry, and company size.

• Region: In regions with a high cost of living, such as the San Francisco Bay Area or New York City, the base salary might be higher to compensate for living expenses. Conversely, in regions with a lower cost of living, the base salary might be lower, but companies might offer more substantial bonuses or stock options to attract talent.

• Industry: Industries like finance and technology often offer higher salaries and bonuses due to the critical nature of cybersecurity in these sectors. In contrast, non-profit or government sectors might offer lower base salaries but compensate with better job security and benefits.

• Company Size: Larger companies often have more resources to offer competitive salaries, bonuses, and stock options. Smaller companies or startups might offer lower base salaries but compensate with equity or profit-sharing opportunities.

Next Steps to Increase Salary

To increase your salary further from a Senior-level/Expert Risk Analyst position, consider the following strategies:

• Specialization: Develop expertise in a niche area of cybersecurity, such as cloud security, threat intelligence, or incident response, which can make you more valuable to employers.

• Leadership Roles: Transition into leadership or managerial roles, such as a Chief Information Security Officer (CISO) or Director of Cybersecurity, which typically come with higher compensation.

• Consulting: Consider moving into a consulting role, where you can leverage your expertise to advise multiple organizations, often at a higher pay rate.

• Continuous Learning: Stay updated with the latest trends and technologies in cybersecurity, and pursue advanced certifications or degrees that can justify a higher salary.

Educational Requirements

Most Senior-level/Expert Risk Analyst positions require at least a bachelor's degree in a related field such as Computer Science, Information Technology, or Cybersecurity. Some employers may prefer or require a master's degree, especially for more strategic roles. Degrees in business administration or risk management can also be beneficial, particularly for roles that focus on the intersection of business and technology.

Helpful Certifications

Certifications can significantly enhance your qualifications and are often required or preferred by employers. Some of the most valuable certifications for a Senior-level/Expert Risk Analyst include:

• Certified Information Systems Security Professional (CISSP)
• Certified Information Security Manager (CISM)
• Certified Risk and Information Systems Control (CRISC)
• Certified Information Systems Auditor (CISA)
• Certified in Risk Management Assurance (CRMA)

These certifications demonstrate a high level of expertise and commitment to the field, making you a more attractive candidate for senior roles.

Required Experience

Typically, a Senior-level/Expert Risk Analyst position requires at least 5-10 years of experience in cybersecurity or a related field. This experience should include hands-on technical work, as well as strategic planning and risk management. Experience in specific industries, such as finance or healthcare, can also be advantageous due to the unique regulatory and security challenges they present.

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