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Banking

Salary for position Risk Specialist in Estonia

Average monthly net salary in Estonia is
An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:
1,889 - 3,664 USD
10% earn less lthan 1,889 USD
10% earns more than 3,664 USD
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Salaries in the survey are expressed in net.

Based on the Palgad.ee salary survey, 80% of people on the Risk Specialist position in the Estonia earn between 1,889 USD and 3,664 USD monthly net.

10% of employees earn less than 1,889 USD and 10% of people earn more than 3,664 USD.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.
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What kind of work does Risk Specialist typically do

  • Identifying credit, market, operational, strategic and liquidity risks potentially threatening the assets and cash flow of the bank.
  • Developing methodology for measuring individual types of risks.
  • Designing and analysing measures to prevent risks.
  • Designing solutions to cover damage in case of risks.
  • Using external registers (e.g. credit register, register of Social Security debtors, etc.) in assessing risks.
  • Cooperating with product and project managers, underwriters and other bank departments.

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The most common career path of an employee

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Position Risk Specialist in the labour market

In the salary ranking,
the job position takes

139. place

Women representation in position

61%

Average age of respondent by position

29

637. place

Kitchen Helper

Tourism, Gastronomy, Hotel Business

Salary group 1

841 - 1,218 USD

140. place

Database Administrator

Information Technology

Salary group 2

1,649 - 3,975 USD

139. place

Risk Specialist

Banking

Salary group 2

1,889 - 3,664 USD

138. place

Call Centre Manager

Management

Salary group 2

1,769 - 3,835 USD

1. place

Leasing Director

Leasing

Salary group 3

2,523 - 9,938 USD

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  • Salary for the position by region, education, experience, company size, age
  • Distribution of respondents into wage bands
  • Salary range from 1st to 9th decile
  • A breakdown of all monitored non-financial benefits
  • Analysis of financial benefits
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Frequently asked Questions

Frequently asked questions and answers about the salary for the position Risk Specialist.

The total gross salary for the position Risk Specialist ranges between 1,471 USD and 4,611 USD per month. For an accurate comparison, we recommend checking your salary through the questionnaire on Palgad.ee to get a more precise view of the salary, considering the region where you work.

The highest-earning employees in the position Risk Specialist have a total gross salary of at least 3,664 USD per month.

10% of the highest-earning employees in this position have a total gross salary higher than 3,664 USD per month, and 10% of the lowest-earning employees in this position have a total gross salary lower than 1,889 USD per month. By participating in our salary survey, you will get an accurate comparison of your salary with the market average, considering the region where you work.

After working for 5 years, the position Risk Specialist earns 3,367 USD per month gross.

You need to be well prepared for salary negotiations. During salary negotiation, we recommend focusing on the following aspects:
  • find out the current market value of the position – on Palgad.ee you can check it for free and anonymously
  • highlight your experience and achievements – it is good to time the salary discussion well
  • expanded responsibilities – if you work beyond your role and assigned duties
  • prepare alternatives – if a salary increase is not possible, there are other options (bonuses, extra vacation, etc.)

The salary data comes from a pay survey where everyone can anonymously compare their salary with other employees working in the same position. We clean and process this data according to our methodology. For the position Risk Specialist, we currently have 48 verified respondents collected.