Financial Risk Specialists
FinanceO*NET 13-2054.00United States
Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.
- Median annual earnings
- $117,180
- Projected change
- +8.8%
- Typical education
- Bachelor's degree
- Employment
- 69.18K jobs
50th percentile, United States
2025 to 2035
62.2% of the workforce
Growing to 75.23K by 2035
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The work
What financial risk specialists do
Tasks reported for this occupation, ordered by how often they come up in the role.
- Analyze areas of potential risk to the assets, earning capacity, or success of organizations.
- Analyze new legislation to determine impact on risk exposure.
- Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
- Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
- Consult financial literature to ensure use of the latest models or statistical techniques.
- Contribute to development of risk management systems.
- Determine potential environmental impacts of new products or processes on long-term growth and profitability.
- Develop contingency plans to deal with emergencies.
- Develop or implement risk-assessment models or methodologies.
- Devise scenario analyses reflecting possible severe market events.
- Devise systems or processes to monitor validity of risk assessments.
- Document, and ensure communication of, key risks.
- Draw charts and graphs, using computer spreadsheets, to illustrate technical reports.
- Evaluate and compare the relative quality of various securities in a given industry.
- Evaluate the risks and benefits involved in implementing green building technologies.
- Evaluate the risks related to green investments, such as renewable energy company stocks.
- Gather risk-related data from internal or external resources.
- Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
- Inform financial decisions by analyzing financial information to forecast business, industry, or economic conditions.
- Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.
- Maintain input or data quality of risk management systems.
- Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
- Monitor developments in the fields of industrial technology, business, finance, and economic theory.
- Prepare plans of action for investment, using financial analyses.
- Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
- Provide statistical modeling advice to other departments.
- Recommend investments and investment timing to companies, investment firm staff, or the public.
- Recommend ways to control or reduce risk.
- Review or draft risk disclosures for offer documents.
- Track, measure, or report on aspects of market risk for traded issues.
Pay and outlook
What the job pays and where it is heading
Annual earnings range
Reported earnings by percentile, United States
- 10th percentile
- $64,466
- 25th percentile
- $83,632
- 50th percentile
- $117,180
- 75th percentile
- $159,379
- 90th percentile
- $198,738
The gold marker shows the median. Half earn more than $117,180 and half earn less.
Employment outlook
2025 to 2035 projection
+8.8%faster than average
202569,175 jobs
2035 projected75,229 jobs
6,054 more positions over the decade, before replacement hiring.
Preparation
Education levels
What people currently working in the career hold. These are not entry requirements.
- Bachelor's degree
- 62.2%
- Master's or Professional degree
- 35.4%
- Associate degree
- 2.4%
Skills
Skills employers ask for
Technical skills appearing most often in job postings for this occupation.
How the work gets done
Core competencies
Broad capabilities associated with strong performance in this occupation.
In the market
Job titles and employers
Recent job postings in United StatesCommon job titles
- 01Directors of Risk Management1,060 postings
- 02Risk Analysts1,013 postings
- 03Risk Managers977 postings
- 04Risk Management Managers761 postings
- 05Loss Control Consultants685 postings
- 06Enterprise Risk Managers642 postings
- 07Third Party Risk Managers572 postings
- 08Risk Management Analysts501 postings
- 09Credit Risk Analysts482 postings
- 10Risk Management Specialists412 postings
- 11Risk Adjustment Analysts401 postings
- 12Compliance Risk Managers391 postings
- 13Model Risk Managers370 postings
- 14Credit Risk Managers354 postings
- 15Insurance Risk Managers340 postings
- 16IT Risk Analysts334 postings
- 17Risk Control Consultants330 postings
- 18Risk Advisory Managers298 postings
- 19Operational Risk Analysts295 postings
- 20Fraud Risk Analysts284 postings
Top employers
- 01Capital One1,567 postings
- 02JPMorgan Chase1,161 postings
- 03TD Bank548 postings
- 04PNC401 postings
- 05PricewaterhouseCoopers365 postings
- 06Sedgwick320 postings
- 07KPMG307 postings
- 08Fidelity Investments281 postings
- 09Truist Financial268 postings
- 10Deloitte266 postings
- 11USAA248 postings
- 12Cherry Bekaert243 postings
- 13Wells Fargo239 postings
- 14Morgan Stanley225 postings
- 15Citizens Bank224 postings
- 16Huntington Bancshares212 postings
- 17Citigroup193 postings
- 18Intuit191 postings
- 19Baker Tilly185 postings
- 20RSM183 postings
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