Risk Analyst Salaries in Canada

The average salary for a Risk Analyst is $75,909 per year in Canada. Salaries estimates are based on 491 salaries submitted anonymously to Glassdoor by a Risk Analyst employees in Canada.

The highest salary for a Risk Analyst in Canada is $90,444 per year.

The lowest salary for a Risk Analyst in Canada is $63,942 per year.

Most employers require their risk analysts to have a master’s degree in economics, statistics, finance, business administration, or other business-related subjects. If you’re a risk analyst with only a bachelor’s degree, then consider earning your master’s degree if you want to increase your salary. An advanced degree will open up new opportunities for career advancement into higher-paying positions. Other popular certifications that will add value to your position include a Chartered Enterprise Risk Analyst (CERA), Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Certified Risk Manager (CRM), and Professional Risk Manager (PRM). Certifications like these keep your assessment and mitigation skills sharp and prove your knowledge and aptitude for higher-paying roles. Additionally, they demonstrate you’re current on the latest risk management strategies and theories and can implement them to mitigate risk in your company.

Are you currently working for a company as a risk analyst or contemplating a job offer as a risk analyst and don’t know how to go about negotiating a higher salary? To start with, research risk analyst job postings in your province or territory and take note of the salaries that have similar qualifications as you. This will give you a general idea of what you’re worth. Before you start negotiating, add 20% to that figure and make a list of your education, work experience, certifications, and some highlights that prove your value to the company. For example, how you assessed the effectiveness of the available economic data and advised on the appropriateness of monetary policies, resulting in a positive return on investment.

About 75.68% of Risk Analyst professionals feel satisfied with their salary, according to anonymous Glassdoor ratings. An additional $6,836 in potential pay per year, among other factors, can qualify the annual pay of a Risk Analyst in Canada as a good salary.

Risk Analyst professionals in Canada have a wide total pay range, between $54,944 and $106,264 depending on experience, with an estimated total pay of $75,909 following the average career path of a Risk Analyst.