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Senior Risk Analyst Jobs in Buffalo, NY (NOW HIRING)

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Senior Risk Analyst information

See Buffalo, NY salary details

$51.8K

$106.4K

$138K

How much do senior risk analyst jobs pay per year?

As of Aug 29, 2026, the average yearly pay for senior risk analyst in Buffalo, NY is $106,404.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,700.00 and $132,700.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a senior risk analyst?

To thrive as a Senior Risk Analyst, you need strong analytical skills, a solid grasp of risk assessment methodologies, and typically a degree in finance, economics, or a related field. Proficiency with risk management software, data analysis tools like Excel, and familiarity with regulatory frameworks such as Basel III or SOX is often required. Attention to detail, critical thinking, and effective communication are crucial soft skills for identifying, evaluating, and reporting risks. These competencies are vital for ensuring accurate risk identification and mitigation, supporting sound business decisions, and maintaining regulatory compliance.

How does a senior risk analyst typically collaborate with other departments to identify and mitigate risks?

Senior Risk Analysts regularly work with teams across the organization, such as compliance, finance, operations, and IT, to identify emerging risks and implement mitigation strategies. They often participate in cross-functional meetings, provide insights from data analysis, and help develop policies that address both regulatory requirements and business objectives. Building strong working relationships and communicating complex risk scenarios in an accessible way are key to ensuring coordinated risk management efforts. This collaborative approach not only helps in early detection of potential issues but also fosters a proactive risk culture within the company.

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

AspectSenior Risk AnalystRisk Analyst
Required CredentialsBachelor's degree, often certifications like FRM or CRMBachelor's degree, some certifications like FRM or CRM
Work EnvironmentFinancial institutions, insurance companies, consulting firmsFinancial firms, corporations, government agencies
Employer & Industry UsageUsed across finance, insurance, and consulting sectorsCommon in finance, banking, and insurance industries

The main difference is that Senior Risk Analysts typically have more experience, advanced certifications, and handle more complex risk assessments. They often lead projects and mentor junior staff, whereas Risk Analysts focus on data collection, analysis, and supporting risk management processes.

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 experienced professionals earning over $100,000. Certifications like FRM or CRM can enhance earning potential, and strong analytical skills are essential in this role.

How much does a senior risk analyst make in the US?

A senior risk analyst in the US typically earns between $80,000 and $120,000 annually, depending on experience, industry, and location. They often require strong analytical skills, knowledge of risk management tools, and relevant certifications such as FRM or CRM.

What does a senior risk analyst do?

A senior risk analyst evaluates potential risks that could impact an organization’s financial health, operations, or reputation. They analyze data, develop risk mitigation strategies, and use tools like risk assessment software to inform decision-making. This role often requires strong analytical skills, industry knowledge, and relevant certifications such as FRM or CRM.

What is the salary of a senior risk analyst?

The salary of a senior risk analyst typically ranges from $80,000 to $130,000 annually, depending on experience, industry, and location. They often require strong analytical skills and proficiency with risk management tools and software.

What are the most commonly searched types of Risk Analyst jobs in Buffalo, NY?

The most popular types of Risk Analyst jobs in Buffalo, NY are:

What are popular job titles related to Senior Risk Analyst jobs in Buffalo, NY?

For Senior Risk Analyst jobs in Buffalo, NY, the most frequently searched job titles are:

What job categories do people searching Senior Risk Analyst jobs in Buffalo, NY look for?

The top searched job categories for Senior Risk Analyst jobs in Buffalo, NY are:

What cities near Buffalo, NY are hiring for Senior Risk Analyst jobs?

Cities near Buffalo, NY with the most Senior Risk Analyst job openings:

Senior Risk Analyst jobs near you
Infographic showing various Senior Risk Analyst job openings in Buffalo, NY as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 11% Part Time, 3% Contract, and 1% Nights. Highlights an 89% Physical, 4% Hybrid, and 7% Remote job distribution, with an average salary of $106,404 per year, or $51.2 per hour.

Senior Risk Analyst - Finance Oversight

M&T Bank

Buffalo, NY

$103K - $171K/yr

Full-time

Posted 9 days ago

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 187 frontline employees who took The Breakroom Quiz

79th of 173 rated banks

Job description

Overview

The Senior Risk Analyst II - Finance Oversight is a strategic contributor within the second line of defense, supporting the Finance & Regulatory Reporting Oversight ("FRRO") team, responsible for oversight activities primarily related to capital management, planning and forecasting, capital interpretations, and capital calculations.

Position partners directly with first-line teams to assess adequacy of risk controls and compliance with regulatory standards.

Position is pivotal in driving continuous improvement in risk oversight effectiveness for FRRO.

Primary Responsibilities
  • Design and lead comprehensive reviews of risk governance and reporting across the FRRO domain.
  • Conduct independent analysis of regulatory interpretations, model outputs, and capital/treasury assumptions.
  • Represent the Second Line of Defense in stakeholder meetings.
  • Propose and implement enhancements to second-line review plans, issue escalation protocols, and review standards.
  • Contribute to team training and development initiatives.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Complete other related duties as assigned.
Scope
  • High level of autonomy and accountability for oversight conclusions of FRRO subjects (capital planning forecasting, capital calculations, financial performance metrics).
  • The Senior Risk Analyst II must be adept at working across all levels of the organization from junior staff to the senior/executive members of management primarily in Risk and Finance.
  • This is a high-profile position where the incumbent must be comfortable working with minimal/moderate oversight under tight deadlines.
Supervisory/Managerial

May lead or formally mentor junior staff; potential to serve as team lead on select engagements.

Education and Experience Required:
  • Bachelor's degree in quantitative or analytical field such as Finance, Accounting, or Economics and a minimum of five years of relevant professional experience OR an equivalent combination of education and at least nine years of relevant professional experience.
  • Advanced knowledge of financial principles and regulatory and compliance issues related to the banking industry.
  • Advanced proficiency with Microsoft Office suite of products.
  • Excellent written and verbal communication skills.
  • Advanced analytical abilities.
Education and Experience Preferred:
  • Master's degree, CPA, CFA preferred.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $103,000.00 - $171,600.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.LocationBuffalo, New York, United States of America

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