Risk and Compliance Analyst Job Description [Updated for 2025]

In the world of business and finance, the importance of Risk and Compliance Analysts is rapidly growing.

As the business landscape evolves, the demand for savvy minds that can effectively manage, analyze, and mitigate risks while ensuring regulatory compliance escalates.

But let’s delve deeper: What’s really expected of a Risk and Compliance Analyst?

Whether you are:

• A job seeker trying to understand the core of this role,
• A hiring manager outlining the perfect candidate,
• Or simply fascinated by the intricacies of risk and compliance analysis,

You’ve come to the right place.

Today, we present a customizable Risk and Compliance Analyst job description template, designed for easy posting on job boards or career sites.

Let’s dive in.

Risk and Compliance Analyst Duties and Responsibilities

Risk and Compliance Analysts are responsible for identifying, analyzing, and mitigating risks in business operations.

They support organizations in complying with industry regulations and standards.

Their duties and responsibilities include:

• Evaluating company policies and procedures to ensure they comply with regulatory requirements
• Identifying potential risks and issues in business operations and processes
• Conducting internal audits to assess the effectiveness of controls and determine areas for improvement
• Providing guidance and recommendations to company management on risk avoidance and mitigation strategies
• Creating, implementing, and managing risk and compliance programs
• Preparing reports summarizing risk findings and compliance activities for senior management
• Keeping abreast of industry changes and updates related to risk and compliance regulations
• Providing training to company staff on risk management and compliance procedures
• Working with cross-functional teams to ensure that risks are identified and managed in a timely manner

 

Risk and Compliance Analyst Job Description Template

Job Brief

We are looking for a diligent Risk and Compliance Analyst to join our team.

The Risk and Compliance Analyst will be responsible for identifying and assessing areas of compliance risk for the company, implementing and maintaining policies and procedures to mitigate these risks, and ensuring the company is compliant with all internal and external regulations.

Our ideal candidate is someone who is detail-oriented, has excellent problem-solving skills and a strong understanding of risk management and compliance procedures.

 

Responsibilities

• Conduct regular compliance audits and risk assessments to ensure the organization is adhering to compliance standards and regulations
• Develop and implement effective compliance risk management frameworks and controls
• Compile and present compliance reports to management
• Stay up-to-date with relevant laws and regulations
• Provide training and advice to staff on compliance matters
• Coordinate with different department managers to review all departmental compliance policies
• Identify and assess areas of significant business risk
• Assist in the development of internal policies and procedures to mitigate risks

 

Qualifications

• Proven experience as a compliance officer or similar position
• In-depth knowledge of industry’s standards and regulations
• Excellent knowledge of reporting procedures and record keeping
• Methodical and diligent with outstanding planning abilities
• An analytical mind able to “see” the complexities of procedures and regulations
• Excellent communication skills
• BSc/BA in law, finance, business administration or related field
• Certified compliance professional is a plus

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Risk and Compliance Analyst
• Work Environment: Office setting with options for remote work. Some travel may be required for team meetings or client consultations.
• Reporting Structure: Reports to the Risk and Compliance Manager.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $63,000 minimum to $87,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Risk and Compliance Analyst Do?

Risk and Compliance Analysts are integral team members in various organizations, including financial institutions, healthcare organizations, and technology companies, where they help to ensure that the company complies with all relevant regulations and internal policies.

Their role involves identifying potential risks that may affect the reputation, safety, security, financial sustainability, or success of their organization.

They are required to evaluate, assess, and report on these risks, developing strategies to mitigate them effectively.

They are also responsible for ensuring that the organization is in compliance with all the relevant laws, regulations, and company policies.

This involves regular monitoring and reporting on the company’s compliance status, as well as working closely with other departments to ensure that they are aware of and adhere to all relevant regulations and policies.

Risk and Compliance Analysts often provide training to employees about compliance procedures and policies and are typically involved in the development and implementation of compliance programs within the organization.

In case of regulatory changes, they are responsible for interpreting these changes, assessing their impact on the organization, and making necessary changes to the company’s procedures and policies.

Moreover, they are also responsible for handling internal and external audits, liaising with regulators, and working closely with management to ensure all risks are properly managed and compliance is maintained.

 

Risk and Compliance Analyst Qualifications and Skills

Risk and Compliance Analysts require a combination of technical knowledge, industry understanding, and key skills to ensure effective risk management and adherence to regulatory standards.

Some of these include:

• Understanding of regulatory laws and standards applicable to the company or industry.
• Strong analytical skills to identify and assess potential risks and monitor compliance measures.
• Exceptional attention to detail and organizational skills to maintain accurate and thorough documentation.
• Superior communication skills to convey complex compliance regulations to various stakeholders, and report on risk situations and compliance measures.
• Problem-solving abilities to identify compliance issues and develop efficient solutions to mitigate risks.
• Interpersonal skills to build effective relationships with internal and external stakeholders, fostering a culture of compliance.
• Time management skills to efficiently monitor compliance procedures and handle potential risk situations in a timely manner.
• Technical knowledge of compliance systems and databases, and ability to use data analysis tools to monitor and report on risks and compliance.

 

Risk and Compliance Analyst Experience Requirements

Risk and Compliance Analysts typically require a bachelor’s degree in finance, business, or a related field as a starting point.

Entry-level candidates may possess around 1 to 2 years of experience in roles related to finance, risk management, or compliance, often acquired through internships or trainee roles.

These professionals are also expected to have an understanding of various risk-related software, databases, and reporting tools.

Practical work experience with these tools is highly valuable and often sought after by employers.

Candidates with 3 to 5 years of experience typically have a deeper understanding of risk and compliance management, and have often been involved in implementing or overseeing compliance programs, auditing, or risk assessment.

Those with more than 5 years of experience are usually considered for senior analyst roles.

They have developed a comprehensive understanding of risk and compliance frameworks, laws, and regulations relevant to their industry.

Additionally, they may have experience with staff training, providing guidance to junior analysts, or leading small teams.

Certifications like Certified Risk & Compliance Management Professional (CRCMP) or Certified Regulatory Compliance Manager (CRCM) can also be required, especially for more senior roles.

The certifications are considered a testament to their practical experience and theoretical knowledge in the field.

 

Risk and Compliance Analyst Education and Training Requirements

Risk and Compliance Analysts typically require a bachelor’s degree in fields such as finance, business, accounting, or a related field.

They must possess a strong understanding of business operations, financial processes, and regulatory requirements.

Knowledge in areas such as risk management, corporate governance, and internal controls is also essential.

Some positions, particularly those in highly regulated industries or those with high-level responsibilities, may require a master’s degree in business administration (MBA), finance, or a related discipline.

Risk and Compliance Analysts often benefit from certification programs like Certified Risk and Compliance Management Professional (CRCMP), Certified in Risk and Information Systems Control (CRISC), or Certified Regulatory Compliance Manager (CRCM).

Having a master’s degree and/or certification can demonstrate an individual’s commitment to the field, their expertise, and their potential for leadership within the organization.

Moreover, continuing education is crucial for Risk and Compliance Analysts as they need to stay updated with changing laws, rules, and regulations related to their industry.

 

Risk and Compliance Analyst Salary Expectations

A Risk and Compliance Analyst earns an average salary of $70,258 (USD) per year.

However, the actual salary may fluctuate depending on factors such as level of experience, certifications, the industry, and the location of the job.

 

Risk and Compliance Analyst Job Description FAQs

What skills does a Risk and Compliance Analyst need?

A Risk and Compliance Analyst should have strong analytical skills to assess and mitigate potential risks.

Excellent attention to detail is required to detect compliance issues and understand complex regulatory requirements.

They should also have strong communication skills to effectively explain their findings and recommendations to various stakeholders.

Knowledge of relevant laws and regulations is also essential.

 

Do Risk and Compliance Analysts need a degree?

Yes, Risk and Compliance Analysts typically need a bachelor’s degree in finance, business, or a related field.

Some employers may prefer candidates with a master’s degree in business administration (MBA) or a related discipline.

In addition to a degree, certifications such as Certified Risk & Compliance Management Professional (CRCMP) or Certified Regulatory Compliance Manager (CRCM) can be beneficial.

 

What should you look for in a Risk and Compliance Analyst resume?

A Risk and Compliance Analyst’s resume should highlight their knowledge and understanding of risk management and compliance regulations.

It should also demonstrate their analytical skills and ability to work with complex data.

Look for experience in identifying and addressing compliance issues, developing risk mitigation strategies, and communicating effectively with various stakeholders.

Additionally, certifications relevant to risk and compliance can be a strong indicator of the candidate’s expertise.

 

What qualities make a good Risk and Compliance Analyst?

A good Risk and Compliance Analyst is analytical, detail-oriented, and possesses a strong understanding of relevant regulations.

They should be able to work independently and make informed decisions under pressure.

Excellent communication skills are also important, as they will need to explain complex regulatory information and potential risks to various stakeholders.

They should also possess a high degree of integrity, as they will often be dealing with sensitive and confidential information.

 

What challenges are commonly faced by Risk and Compliance Analysts?

Risk and Compliance Analysts often face challenges such as keeping up with constantly changing regulations, managing and mitigating potential risks, and balancing the needs of the business with regulatory compliance.

They also need to communicate complex and technical information to individuals who may not have a background in risk and compliance, which requires excellent communication and presentation skills.

 

Conclusion

And there you have it.

Today, we’ve uncovered the true essence of being a Risk and Compliance Analyst.

Surprised?

It’s not just about reviewing and enforcing regulatory guidelines.

It’s about shaping a secure corporate future, one risk assessment at a time.

With our comprehensive Risk and Compliance Analyst job description template and real-world examples, you’re all geared up to make that leap.

But why stop there?

Immerse yourself with our job description generator. It’s your next tool for creating precision-crafted job postings or polishing your resume to perfection.

Remember:

Every risk assessment is a part of a larger framework.

Let’s build that secure future. Together.

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