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Insurance Risk Analyst Jobs in Scottsdale, AZ (NOW HIRING)

Okland Construction Co., Inc.

Risk Director

Phoenix, AZ · On-site

Experience with risk analytics or insurance management systems. WHAT WE OFFER * Award-winning culture - consistently recognized by Best Places to Work in Arizona, Utah, and Idaho. * Competitive pay ...

Valley Metro

Risk Management Specialist

Phoenix, AZ · On-site

$29.96 - $44.94/hr

... risk, claims, and insurance processes. Prepares and presents reports, updates, and analysis on ... program activities for leadership and other stakeholders. Maintains awareness of regulatory changes ...

Wells Fargo

Lead Risk Analytics Consultant

Chandler, AZ · On-site

$153K - $239K/yr

Review and analyze complex multi-faceted model operations and optimization challenges that require ... Life insurance, critical illness insurance, and accident insurance * Parental leave * Critical ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ · Hybrid

$108K - $185K/yr

Produce impactful and insightful thematic analysis to support proactive risk management * Maintain ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

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Showing results 21-40

All JobsInsurance Risk Analyst JobsInsurance Risk Analyst Jobs in Scottsdale, AZ

Insurance Risk Analyst information

See Scottsdale, AZ salary details

$49.6K

$84.2K

$157.8K

How much do insurance risk analyst jobs pay per year?

As of Aug 10, 2026, the average yearly pay for insurance risk analyst in Scottsdale, AZ is $84,219.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,800.00 and $87,500.00 per year, depending on experience, location, and employer.

What are some common challenges faced by insurance risk analysts in evaluating emerging risks?

Insurance Risk Analysts often encounter challenges when assessing emerging risks such as cyber threats, climate change, or new technologies, as there may be limited historical data available. This requires them to continuously update their knowledge, collaborate with underwriters, actuaries, and external experts, and adopt advanced analytical tools to make informed recommendations. Staying proactive in identifying trends and adapting risk models is essential for success in this dynamic environment.

What is an insurance risk analyst?

Insurance Risk Analysts are professionals who assess and analyze potential risks that could affect an insurance company or its clients. They evaluate data and financial information to determine the likelihood and potential cost of events such as accidents, natural disasters, or other losses. Their work helps insurance companies set appropriate premiums and develop strategies to minimize financial loss. Insurance Risk Analysts also monitor trends and provide recommendations to reduce risk exposure.

What is the difference between Insurance Risk Analyst vs Insurance Underwriter?

AspectInsurance Risk AnalystInsurance Underwriter
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like CPCU or ARM beneficialBachelor's degree in finance, economics, or related field; certifications like CPCU or ARM beneficial
Work EnvironmentAnalyzes data, assesses risks, and provides reports; often in an office settingEvaluates applications, determines policy terms, and approves or declines coverage; office-based
Employer & Industry UsageInsurance companies, risk management firms, consulting agenciesInsurance companies, brokerage firms, underwriting agencies

While both roles require similar credentials and work in the insurance industry, Insurance Risk Analysts focus on analyzing and quantifying risks to inform decision-making, whereas Insurance Underwriters evaluate individual applications to determine policy terms. Understanding these differences helps clarify career paths and employer expectations in the insurance sector.

What are the key skills and qualifications needed to thrive as an insurance risk analyst, and why are they important?

To thrive as an Insurance Risk Analyst, you need strong analytical skills, a solid understanding of risk assessment methodologies, and typically a bachelor’s degree in finance, mathematics, or a related field. Familiarity with statistical software, risk modeling tools, and certifications such as Chartered Property Casualty Underwriter (CPCU) or Associate in Risk Management (ARM) are often required. Attention to detail, critical thinking, and effective communication are crucial soft skills for interpreting data and presenting findings to stakeholders. These skills ensure accurate risk evaluation, informed decision-making, and the development of effective risk mitigation strategies within insurance organizations.

What does an insurance risk analyst do?

An insurance risk analyst performs a variety of duties related to assessing risks your clients may undergo and how to insure them properly. You collect and analyze data, such as past claims in the industry, competitor pricing, and various risk management strategies to help your company keep costs down. Qualifications for the job include career training, education, and specialized skills. Typically, you need a bachelor’s degree in accounting or finance and some work experience in the industry. Important skills include an excellent eye for detail and strong analytical problem-solving.

More about Insurance Risk Analyst jobs
What are popular job titles related to Insurance Risk Analyst jobs in Scottsdale, AZ? For Insurance Risk Analyst jobs in Scottsdale, AZ, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Scottsdale, AZ look for? The top searched job categories for Insurance Risk Analyst jobs in Scottsdale, AZ are:
What cities near Scottsdale, AZ are hiring for Insurance Risk Analyst jobs? Cities near Scottsdale, AZ with the most Insurance Risk Analyst job openings:
Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in Scottsdale, AZ as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $84,219 per year, or $40.5 per hour.

First Line Risk & Control Analyst

Western Alliance Bancorporation

Phoenix, AZ • On-site

Full-time

Medical, Dental, Retirement

Posted 19 days ago

Job description

Job Title:
First Line Risk & Control Analyst
Location:
CityScape
What you'll do:
As a First Line Risk & Control Analyst you'll work as a first line of defense risk professional responsible for support and/or execution of various risk programs and business unit risk activities in adherence with the Company's risk appetite and corporate strategy. In this role you'll engage with business units in the management of risks and controls across all risk types, monitoring execution of risk policies, procedures, and/or program requirements. You'll effectively manage risks, and serve as an effective communication channel between the Risk Management department and business units.
  • Support the timely preparation and execution of the Risk and Control updates and refresh information through the collection of data from various sources as defined in desktop procedures. Facilitate meetings to review process understanding and process map documentation.
  • Provide effective and timely execution of projects with a sense of urgency for deliverables. Review policies and procedures to document process maps and narratives.
  • Support identification of risks and controls in processes under review including the drafting of risks and controls in line with standards. Provide assessment of control environment and determine effective risk mitigation or identify gaps.
  • Support conversations with risk subject matter experts about the context and/or severity of risk factors and/or issues including areas such as third parties, issues, regulatory, legal matters, etc.

What you'll need:
  • 2+ years of related experience in Risk Management, Regulatory Compliance, Internal Audit or similar field.
  • Bachelor's degree in related field required.
  • Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Entry level to intermediate experience in Compliance, Operations Management, Audit, Risk Management, or related field in financial services.
  • Entry level to intermediate knowledge of and experience in documenting process maps in process mapping software. Experience identifying risks and controls in processes.
  • Intermediate speaking and writing communication skills.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
© Western Alliance Bancorporation

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