What does a risk assessment analyst do?

As a risk assessment analyst, you identify potential risks and suggest steps to prevent or minimize issues and problems. Your duties depend on the industry in which you work; a risk assessment analyst can work for a business in a variety of industries, where you define operational risks and suggest or establish a framework to control risks. Your responsibilities can also include performing analyses in the lending, investment, or insurance industries. Some risk assessment analysts, such as those in the banking and financial sectors, focus on issues related to compliance. In the insurance industry, you assess the risk associated with insuring an applicant.