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How to become a Risk Analyst in South Africa

Analyses financial, operational and regulatory risks so organisations can make safer decisions.

Step-by-step path

  1. STEP 1
    Education
    BCom, Statistics, Actuarial Science or risk qualification
    1–6 yrs
  2. STEP 2
    Entry job
    First role: Junior Risk Analyst
    0–2 yrs
  3. STEP 3
    Mid-level growth
    Move into: Risk Analyst
    3–6 yrs
  4. STEP 4
    Senior transition
    Reach: Senior Risk Analyst
    7+ yrs

Time estimate

Total typical time to senior level
~ 7–10 years
Education bcom, statistics, actuarial science or risk qualification, then practical experience.

Salary growth timeline

Year 1
R32 000
/month
Year 5
R60 000
/month
Year 10
R95 000
/month

Required skills by stage

FOUNDATIONAL
  • Risk controlsHigh
  • SQLMedium
MID-CAREER
  • SQLMedium
  • Financial modellingHigh
SENIOR
  • Financial modellingHigh
  • Regulatory reportingHigh

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