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Entry Level Risk Analyst information

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$12

$34

$55

How much do entry level risk analyst jobs pay per hour?

As of May 31, 2026, the average hourly pay for entry level risk analyst in Philpot, KY is $34.03, according to ZipRecruiter salary data. Most workers in this role earn between $25.05 and $41.44 per hour, depending on experience, location, and employer.

What is an Entry Level Risk Analyst job?

An Entry Level Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact an organization’s financial stability and operations. They analyze data, create reports, and assist in developing risk management strategies under the guidance of senior analysts. This role typically involves working with financial models, market trends, and regulatory guidelines to support decision-making. Strong analytical skills, attention to detail, and proficiency in risk assessment tools are essential for success in this position.

What are the key skills and qualifications needed to thrive in the Entry Level Risk Analyst position, and why are they important?

To thrive as an Entry Level Risk Analyst, you need strong analytical abilities, attention to detail, and a foundational understanding of finance, economics, or a related field, often supported by a relevant bachelor’s degree. Familiarity with risk management software, Excel, and data analysis tools is advantageous, and some companies value certifications like FRM or CFA Level I. Excellent communication, problem-solving skills, and the ability to work collaboratively make candidates stand out in this role. These skills and qualities are critical for accurately assessing risks, providing actionable insights, and supporting effective decision-making within the organization.

What are some typical challenges faced by Entry Level Risk Analysts, and how can new hires prepare for them?

Entry Level Risk Analysts often face challenges such as quickly interpreting large volumes of complex data, adapting to evolving regulatory requirements, and learning industry-specific risk assessment methodologies. New hires can prepare by familiarizing themselves with common risk metrics, staying updated on regulatory changes, and practicing effective data analysis. It's also helpful to proactively seek guidance from more experienced team members and participate in relevant training sessions. With diligence and curiosity, most analysts develop confidence and expertise rapidly in this collaborative, knowledge-driven work environment.
More about Entry Level Risk Analyst jobs
What cities near Philpot, KY are hiring for Entry Level Risk Analyst jobs? Cities near Philpot, KY with the most Entry Level Risk Analyst job openings:
Entry Level Risk Analyst jobs near you
Specialist, Storage Compliance & Risk

Specialist, Storage Compliance & Risk

Southern Star Central Gas Pipeline, Inc.

Owensboro, KY

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago

Job description

Job Overview
The Specialist, Storage Compliance and Risk reports to the Manager of Storage Services and provides internal expertise in the areas of PHMSA Compliance specifically related to storage facilities and the comprehensive oversight of the storage risk evaluation associated with the Companys Storage Integrity Management Program (SIMP). In performing these duties, this position maintains and derives information critical for the processes involved in complying with 49 CFR 192, FERC, API RP 1171, the Companys Storage Integrity Management Plan and all policies and procedures. This position assists in various activities related to storage compliance and safety, including staying informed of current and emerging rules and conducting internal and external audits. This position provides high-level technical assistance and support to various company departments to ensure Storage Services remains in compliance with applicable regulations and Company procedures. Additionally, the position will perform other Storage Services work as assigned.
Company Overview

Since 1904, Southern Star has proudly served as a reliable natural gas transporter to Americas heartland. Southern Star is an innovative, customer-oriented company committed to collaboration in all parts of our business. With over a century of trusted service, we continue to prioritize what sets us apartour people.


At Southern Star, youll find a workplace where your growth matters, your voice is heard, and your contributions are recognized. Whether you're just starting out or looking to take the next big step in your career, Southern Star is the employer of choice where you can make a meaningful impact.


Will you be the next talented individual to join our team?


Benefits Overview

We believe great work deserves great rewards. In exchange for your passion and expertise, we provide a benefits package that supports your well-being and growth in all aspects of life.

  • Medical
  • Vision
  • Dental
  • Supplemental Life Insurance
  • Dependent Life Insurance
  • Flexible Spending Account
  • Wellness Programs
  • Service Awards
  • Educational Reimbursement
  • Fitness Reimbursement
  • Holidays
  • Paid Time Off
  • Parental & Maternity Leave
  • 401K

  • PHMSA Compliance
    • Assist with maintaining and enhancing - project documentation, project workplans, regulatory paperwork (Federal and State level), MIT documentation, pipe tally, cementing records
    • Assist with and compile - material receiving and documentation (MTRs, Certs, etc..), Veriforce documentation, contractor qualifications, contractor equipment certifications, safety documentation
    • Assist, maintain and enhance - MOCs, technical close documentation (preparation, review, and submittal)
    • Liaison with Integrity Management and PHMSA Compliance team to ensure all PHMSA documentation and reports for PHMSA Compliance is complete and accurate and to ensure all compliance deadlines are met
    • Monitor regulatory initiatives, estimate potential impacts to company and ensure utilization of the latest versions of regulations
  • Communication
    • Support and assist in maintaining Storage Assessment Plan
    • Assist with generating and maintaining performance measures for governmental and company reporting
    • Assist Storage Services, Integrity & Compliance, and Operation groups in data prioritization and collection
    • Compile reports and presentations
    • Document activities related to risk scores and other
  • Storage Risk Model
    • Assist in maintenance and running storage risk model as required to support SIMP
    • Quality assurance of data and related documentation
    • Verifying information in OSI Next database and Storage SharePoint site
    • Maintaining performance measures of leading and lagging indicators
    • Assist with data retention on shared drive and transition of data to SharePoint or OSI Next.
    • Evaluate risk scenarios for upcoming assessment and P&M measures
    • Responsible for continual improvement of risk model through documentation and justification of current risk variable and attribute scoring in addition to future improvements.
    • Support Storage Services in performing activities and meeting deadlines as needed
  • Internal Compliance
    • Assurance of Authorization for Work (AFW)
    • Assist with landowner notifications, and other requirements
  • Policy and Procedure
    • Assist developing and enhancing procedures based upon rule changes or perceived needs
    • Support all O&M Manual and IMP Policies and Procedures from a risk model perspective
  • Audit
    • Assist with periodic gaps analysis and evaluation of processes related to the risk program
    • Ensure Risk Model and associated activities adhere to PHMSA Storage Final Rule
    • Assist with audits on risk model and support databases
    • Participate in and/or lead PHMSA Storage audits
    • Other duties as assigned

Minimum Qualification
  • Bachelor of Science degree in a relevant engineering discipline or related technical field or or combination of work experience and education in place of
  • Entry-level experience in compliance or a related field
  • Willingness to learn new technical concepts and skills
  • Strong written and verbal communication skills
  • Strong attention to detail
  • Experience using Microsoft Office or equivalent software
  • Experience researching, compiling, and analyzing technical information
  • Experience working independently while managing a variety of work tasks
  • Ability to work independently in a scheduled, structured, deadline-driven environment
  • Adaptability and flexibility in work assignments and schedule

Preferred Qualification
  • Bachelor of Science degree in a relevant engineering discipline
  • Experience with natural gas storage, well workovers, reservoir engineering and oil field work
  • Experience researching, analyzing, and compiling regulatory information
  • Experience with FERC regulated natural gas pipelines
  • Excellent interpersonal skills (interacting with individuals at all levels within organization)
  • Knowledge of company policies and gas pipeline operations preferred
  • Knowledge of Company O&M and IMP policies
  • Knowledge of and experience with PHMSA Gas Storage rules and regulations, API RP 1171 and other natural gas storage integrity concepts
  • Knowledge of Safety Management Systems (API RP 1173)
  • Knowledge of Risk Models and risk fundamentals

Other Requirements
  • Ability to work extended hours and scheduling flexibility when job demands require
  • Ability to work in varying office environments (e.g., outside, open office)
  • Ability to work and effectively prioritize in a fast-paced environment
  • Ability to travel up to 30% average, by car and/or plane

License and Insurability

A valid drivers license and insurability under company policy are required.


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