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Associate Risk Analyst Jobs in Maryland (NOW HIRING)

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Associate Risk Analyst information

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How much do associate risk analyst jobs pay per hour?

As of Jul 29, 2026, the average hourly pay for associate risk analyst in Maryland is $39.29, according to ZipRecruiter salary data. Most workers in this role earn between $28.94 and $47.84 per hour, depending on experience, location, and employer.

What are some common challenges an Associate Risk Analyst faces during the first year on the job?

New Associate Risk Analysts often encounter challenges such as adapting to fast-paced environments, understanding complex risk models, and learning to interpret large volumes of data accurately. Balancing multiple projects and meeting deadlines while maintaining attention to detail can also be demanding. Additionally, collaborating effectively with team members from different departments, such as compliance and finance, requires strong communication skills and a willingness to learn from experienced colleagues.

What does an Associate Risk Analyst do?

An Associate Risk Analyst helps organizations identify, assess, and manage potential risks that could affect their operations or financial stability. Their daily tasks often include analyzing data, preparing risk reports, evaluating risk management policies, and supporting senior analysts in developing strategies to mitigate potential threats. They typically work in industries such as finance, insurance, or consulting, and use various analytical tools to detect and evaluate risks. Strong analytical, communication, and problem-solving skills are important for success in this role.

What are the key skills and qualifications needed to thrive as an Associate Risk Analyst, and why are they important?

To thrive as an Associate Risk Analyst, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field—often supported by a bachelor’s degree. Familiarity with risk assessment software, data analysis tools like Excel or SAS, and knowledge of regulatory frameworks are typically required. Effective communication, problem-solving, and teamwork are vital soft skills that help you convey findings and collaborate across departments. These skills ensure accurate risk evaluation, compliance, and informed decision-making to protect organizational interests.

What qualifications do I need to be a risk analyst?

To become an associate risk analyst, candidates typically need a bachelor's degree in finance, economics, statistics, or a related field. Strong analytical skills, proficiency in data analysis tools like Excel or SQL, and knowledge of risk management principles are also important. Certifications such as the Financial Risk Manager (FRM) or Professional Risk Manager (PRM) can enhance job prospects.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, education, and location. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000 annually.

What jobs in the US pay 300,000 a year?

For an Associate Risk Analyst, earning $300,000 annually is uncommon; such high salaries are typically associated with executive-level roles, senior risk management positions, or specialized financial roles like chief risk officer or senior quantitative analyst. These positions often require extensive experience, advanced certifications, and leadership responsibilities within financial institutions or large corporations.

What is the difference between Associate Risk Analyst vs Risk Analyst?

AspectAssociate Risk AnalystRisk Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some certifications like FRM or CRMBachelor's or master's degree; often holds certifications like FRM, CRM, or CRC
Work EnvironmentEntry-level position in finance, insurance, or banking firms; supervised environmentMore experienced role; involved in complex risk assessments and decision-making
Employer & Industry UsageCommon in banking, insurance, and financial servicesUsed across similar industries, often with more responsibility

The main difference between an Associate Risk Analyst and a Risk Analyst lies in experience and responsibility. The Associate Risk Analyst is an entry-level role focusing on supporting risk assessments, while the Risk Analyst handles more complex analysis and decision-making. Both roles require similar educational backgrounds and certifications, but the Risk Analyst typically has more experience and autonomy in their work.

Is risk analyst an entry level job?

A risk analyst position can be entry-level or require experience, depending on the company and industry. Entry-level risk analyst roles typically require a bachelor's degree in finance, economics, or a related field, and may involve on-the-job training with basic analytical tools. More advanced roles may require several years of experience or specialized certifications such as FRM or CRM.
What are the most commonly searched types of Risk Analyst jobs in Maryland? The most popular types of Risk Analyst jobs in Maryland are:
What are popular job titles related to Associate Risk Analyst jobs in Maryland? For Associate Risk Analyst jobs in Maryland, the most frequently searched job titles are:
What job categories do people searching Associate Risk Analyst jobs in Maryland look for? The top searched job categories for Associate Risk Analyst jobs in Maryland are:
What cities in Maryland are hiring for Associate Risk Analyst jobs? Cities in Maryland with the most Associate Risk Analyst job openings:
Associate Risk Analyst jobs near you
Infographic showing various Associate Risk Analyst job openings in Maryland as of July 2026, with employment types broken down into 92% Full Time, and 8% Part Time. Highlights an 100% In-person job distribution, with an average salary of $81,729 per year, or $39.3 per hour.
Associate Risk Manager

Associate Risk Manager

Kennedy Krieger Institute

Baltimore, MD

$149K/yr

Other

Posted 10 days ago

Kennedy Krieger Institute rating

7.9

Company rating: 7.9 out of 10

Based on 19 frontline employees who took The Breakroom Quiz

Job description

Overview

The Associate Risk Manager is responsible for identifying, evaluating, and mitigating risks that could impact patient safety, staff well-being, regulatory compliance, and organizational operations. The position interfaces with the regulatory, safety and quality staff in identifying safety and quality opportunities and promoting a safety and quality culture. They will demonstrate sound judgment and utilize clinical practice and risk management knowledge to support a culture of safety and minimize legal and financial exposure.

Responsibilities

1. Identify potential risks related to patient care, clinical processes, operations, and environment.2. Review and investigate adverse events, sentinel events, and near-miss occurrence, ensuring appropriate action plans as needed.3. Monitor trends in incidents, claims, and near misses.4. Recommend corrective actions by performing root cause analyses (RCA) and proactive risk assessments.5. Collaborate with interdisciplinary and departmental teams to enhance patient safety initiatives and implement risk reduction strategies 6. Participate in departmental, medical staff, and institutional committees.7. Collaborate with the Legal Risk Coordinator and Legal Counsel to assist staff with various risk matters including complex patient issues, guardianship and custody issues, legal document review and testimony for legal matters.8. Develop and deliver staff education on risk management and safety

Qualifications

QUALIFICATIONS: Certification in Healthcare Risk Management (CPHRM) or Nurse Legal Certification from an accredited/recognized institution highly preferred. Certified Professional in-Patient Safety (CPPS) highly preferred.

EDUCATION: Bachelor's degree in Nursing, Healthcare Administration, Public Health, or related field required. Master's Degree preferred

EXPERIENCE:Five years of experience in healthcare risk management or patient safety is required.

Minimum pay rangeUSD $83,483.92/Yr.Maximum pay rangeUSD $149,453.82/Yr.Employment Type: OTHER

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