Risk Management Analyst salary in Latvia

Average Yearly Salary of Risk Management Analyst in Latvia is approximately 30,315 EUR (30,265 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Risk Management Analyst do?

A risk management analyst is responsible for identifying, assessing, and mitigating potential risks that could impact an organization's operations, finances, or reputation. They analyze data, trends, and industry regulations to develop risk management strategies and make recommendations to senior management. Risk management analysts also conduct risk assessments, evaluate internal controls, and implement risk mitigation plans. They collaborate with various departments to ensure compliance with risk management policies and procedures and provide training to employees on risk awareness and prevention. Additionally, they monitor and report on risk exposure, investigate incidents, and develop contingency plans to minimize the impact of potential risks.

Skills: risk management, risk assessment, risk mitigation, data analysis, compliance, contingency planning
Job industry: Finance

How much does Risk Management Analyst make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Risk Management Analyst a well paid job?

Yes, our data shows that Risk Management Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Risk Management Analyst?

High salary for Risk Management Analyst would be somewhere between 33,347 EUR and 43,957 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Risk Management Analyst in Latvia?

Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 30,315 EUR
Estimated Monthly Salary: 2,526 EUR
Estimated Weekly Salary: 583 EUR per week
Estimated Hourly Salary: 15 EUR per hour
By working as Risk Management Analyst a person can save up to 1,662 USD per month or 19,945 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Latvia, see costs of living in Latvia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Estonia, Russia, Belarus, Lithuania..
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Risk Management Analyst

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Latvia

Data as of 2025

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