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Business Risk Analyst Jobs in Utah (NOW HIRING)

OMC

Risk Director

Salt Lake City, UT

Evaluate and improve risk allocation across contracts to align with business objectives. Claims and ... Experience with risk analytics or insurance management systems. WHAT WE OFFER * Award-winning ...

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Business Risk Analyst information

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$72

How much do business risk analyst jobs pay per hour?

As of Jun 26, 2026, the average hourly pay for business risk analyst in Utah is $39.43, according to ZipRecruiter salary data. Most workers in this role earn between $28.65 and $48.37 per hour, depending on experience, location, and employer.

What are some common challenges a Business Risk Analyst faces when assessing risks across multiple departments?

A Business Risk Analyst often encounters the challenge of gathering consistent and comprehensive data from various departments, each with its own processes and risk perspectives. Coordinating across teams to identify, quantify, and prioritize risks requires strong communication and negotiation skills. Additionally, ensuring that risk mitigation strategies are both practical and aligned with organizational goals can be complex, especially in rapidly changing business environments. Frequent collaboration and adaptability are key to overcoming these challenges and ensuring effective risk management.

What is the difference between Business Risk Analyst vs Credit Analyst?

AspectBusiness Risk AnalystCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CRMBachelor's degree in finance, accounting, or related; certifications like CFA or credit-specific courses
Work EnvironmentCorporate offices, consulting firms, financial institutionsBanks, lending institutions, financial services
Employer & Industry UsageUsed across industries to assess overall business risksPrimarily in banking and lending sectors to evaluate creditworthiness

The main difference is that Business Risk Analysts focus on assessing overall risks facing a business, including market, operational, and strategic risks, while Credit Analysts specifically evaluate the creditworthiness of individuals or companies to determine loan eligibility. Both roles require similar financial knowledge and certifications but serve different purposes within financial and business risk management.

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 with certifications like FRM or CFA can earn higher salaries, especially in financial or corporate sectors.

What is a Business Risk Analyst?

A Business Risk Analyst is a professional who identifies, assesses, and helps manage risks that could affect a company's financial health or operations. They analyze data, industry trends, and internal processes to pinpoint potential threats and recommend strategies to mitigate them. Their work helps organizations make informed decisions, comply with regulations, and safeguard assets against potential losses. Business Risk Analysts often collaborate with various departments to ensure comprehensive risk management across the business.

What is the salary of risk analyst in JP Morgan?

The average salary for a Business Risk Analyst at JP Morgan typically ranges from $70,000 to $120,000 annually, depending on experience, location, and level of seniority. Entry-level positions may start lower, while experienced analysts or those in senior roles can earn higher compensation, often supplemented with bonuses and benefits.

Do risk analysts make good money?

Risk analysts typically earn a competitive salary that varies by industry, experience, and location. According to industry data, the median annual wage for risk analysts is around $80,000, with higher earnings possible for those with advanced certifications or specialized skills in financial or operational risk management.

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

To thrive as a Business Risk Analyst, you need strong analytical skills, a solid understanding of risk management principles, and typically a degree in finance, business, or a related field. Familiarity with risk assessment software, data analysis tools like Excel or SQL, and relevant certifications such as FRM or CRM are commonly required. Excellent problem-solving abilities, attention to detail, and effective communication help you stand out in this role. These skills and qualities are essential for accurately identifying, assessing, and mitigating risks to support sound business decision-making.

What does a risk business analyst do?

A risk business analyst evaluates potential risks that could impact an organization’s operations, finances, or reputation. They analyze data, identify vulnerabilities, and develop strategies to mitigate or manage risks, often using tools like risk assessment frameworks and reporting software. Their work supports informed decision-making and helps ensure compliance with regulations.
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What job categories do people searching Business Risk Analyst jobs in Utah look for? The top searched job categories for Business Risk Analyst jobs in Utah are:
What are popular job titles related to Business Risk Analyst jobs in UT? For Business Risk Analyst jobs in UT, the most frequently searched job titles are:
Business Risk Analyst jobs near you

Senior Risk Management Analyst

Mountain America Federal Credit Union

Sandy, UT

Full-time

Posted 15 days ago

Job description

Please reference the schedule and minimum qualifications listed below before applying.

If you need assistance with filling out our application form or during any phase of the application, interview, or employment process, please notify our Human Resources Team at 801-366-6947 option 1 or email macurecruiting@macu.com and every reasonable effort will be made to accommodate your needs in a timely manner.

Job SummaryLeads and partners with business units to evaluate and strengthen the control environment through control testing and risk assessment activities. Serves as a subject matter expert in control design and effectiveness, performing and overseeing testing to ensure controls are well designed and aligned to risk exposure. Leads RCSA execution by facilitating risk identification, assessment, and control alignment, ensuring risks are accurately captured and supported. Incorporates control testing results as one of multiple inputs into risk evaluations, applying effective challenge to ensure risk ratings are appropriately supported. Provides actionable insights to stakeholders and contributes to the enhancement of ERM frameworks, methodologies, and reporting, while addressing control gaps, emerging risks, and process improvements.Job Description

LOCATION

Mountain America Center - Hybrid:

9800 S Monroe St
Sandy, UT 84070

SCHEDULE

Full time

To be effective, an individual must be able to perform each job duty successfully.

Control Testing Leadership and SME

  • Leads the design, execution, and oversight of control testing across the enterprise
  • Acts as a subject matter expert on control design, effectiveness, and testing methodologies
  • Evaluates control design and operating effectiveness, identifying gaps and recommending improvements
  • Drives consistency in control testing standards, documentation, and quality expectations
  • Provides guidance and effective challenge to business units and analysts on control effectiveness and testing outcomes

Risk Assessment and ERM Integration

  • Partners with business units to support risk assessments, ensuring alignment between risks and key controls
  • Apply effective challenge to ensure risk ratings are supported by control performance, issues, and other relevant indicators
  • Contributes to ERM program enhancements, including methodology, taxonomy, and reporting
  • Analyzes risk and control data to identify trends, themes, and emerging risks

Stakeholder Influence and Governance

  • Engages and influences stakeholders to strengthen control environments and risk management practices
  • Applies independent judgment to assess control effectiveness and escalate issues where appropriate
  • Supports adherence to regulatory requirements and internal policies related to controls and risk management
  • Identifies gaps and drives continuous improvement in control testing practices and governance standards
KNOWLEDGE, SKILLS, and ABILITIES

The requirements listed are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Education and Experience

  • 4+ years related experience in risk, compliance, or internal audit, including RCSA and control testing
  • Bachelor's degree in business administration, finance, risk management, information technology, or equivalent experience
  • Experience with GRC tools such as Archer preferred
  • Experience leading testing, reviewing, and challenging control environments and risk assessments

Licenses, Certifications, Registrations

  • Relevant professional certifications (e.g., CRCM, CIA) preferred but not required.

Knowledge & Skills

  • Advanced knowledge of control testing methodologies, control design, and effectiveness evaluation
  • Strong working knowledge of RCSA, ERM frameworks, and three lines of defense, with ability to connect control outcomes to risk exposure
  • Ability to apply risk management principles to complex and ambiguous scenarios
  • Proficiency with data analysis, reporting tools, and GRC platforms such as Archer
  • Strong skills in Excel, Word, PowerPoint, and AI tools such as Copilot to drive efficiency and insight generation
  • Strong analytical, problem solving, and critical thinking capabilities
  • Excellent written and verbal communication skills with the ability to translate complex risk concepts into clear business insights

Leadership and Organization Development

  • Serves as a control testing SME, providing guidance and mentorship to analysts and stakeholders
  • Leads onboarding and ongoing education related to control testing standards, practices, and tools
  • Builds strong partnerships across business units to strengthen control environments and risk awareness
  • Contributes to team effectiveness, knowledge sharing, and capability development
  • Promotes accountability, quality, and continuous improvement

Scope and Strategic Impact

  • Leads control testing activities and establishes consistency in execution, documentation, and quality standards
  • Influences how control effectiveness is evaluated and incorporated into risk assessments and reporting
  • Identifies control weaknesses, systemic issues, and thematic risks, driving actionable improvements
  • Contributes to the enhancement of ERM frameworks, including control standards, testing methodologies, and reporting practices
  • Serves as a key advisor to stakeholders on control related decisions and remediation strategies
  • Ensures strong data integrity and traceability across control testing and issue management processes
PHYSICAL ABILITIES / WORKING CONDITIONS

Physical Demands

Ability to sit, talk and hear consistently

Vision Requirements

Close vision (clear vision at 20 inches or less)

Distance vision (clear vision at 20 feet or more)

Color vision (ability to identify and distinguish colors)

Weight Lifted or Force Exerted

Ability to lift up to 10 pounds frequently and up to 25 pounds occasionally

Environmental

There are no unusual environmental factors (such as a typical office)

Noise Environment

Moderate noise (business office with computers and printers, light traffic)

***This Job is not eligible to be performed in Colorado or Connecticut, either remotely or in-person.***

Mountain America Credit Union is an EEO/AA/ADA/Veterans employer.

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