IT Risk Assessor Overview

As an IT Risk Assessor, you play a vital role in protecting an organization's information systems and data integrity. Your responsibilities primarily focus on identifying vulnerabilities and assessing potential risks that could impact the security and reliability of IT infrastructure.

Key aspects of your role include:

  • Risk Identification: You evaluate existing systems to pinpoint potential threats and vulnerabilities that could result in data breaches or non-compliance with regulations.

  • Risk Analysis: After identifying risks, you analyze their potential impact on the organization, determining the likelihood of occurrence and the severity of consequences.

  • Mitigation Strategies: You recommend and develop strategies to mitigate identified risks, ensuring that the organization can safeguard its assets and maintain operational continuity.

  • Compliance Monitoring: Keeping up to date with industry regulations and best practices, you ensure that your organization complies with relevant legal and regulatory requirements regarding data protection and cybersecurity.

  • Reporting and Communication: You prepare detailed reports on risk assessments and communicate findings to stakeholders, including management and technical teams, helping them understand the implications of risks and the need for mitigation.

  • Continuous Improvement: The dynamic nature of technology and emerging threats necessitates that you continuously evaluate and update risk management practices, fostering a culture of security awareness within the organization.

Your role as an IT Risk Assessor is increasingly critical as businesses rely on technology and digital solutions. By addressing potential risks before they manifest into crises, you contribute to the overall resilience and security posture of the organization.

IT Risk Assessor Salary

Annual Median: $120,360
Hourly Median: $57.87

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Required Education and Training To Become an IT Risk Assessor

To become an IT Risk Assessor, you will typically need to pursue specific educational qualifications and training. Below are the relevant degree programs that can help you prepare for a career in this field:

  • Computer and Information Systems Security and Information Assurance

    • This degree program focuses on protecting information systems from unauthorized access, cyber threats, and breaches. It covers the principles of security architecture, risk assessment, and compliance with regulations.
  • Cyber and Computer Forensics and Counterterrorism

    • This program combines cybersecurity measures with forensic techniques to analyze cyber incidents. You will learn about the investigative processes related to cybercrime and the application of technology in counterterrorism efforts.
  • Cybersecurity Defense Strategy and Policy

    • This degree is centered around developing policies and strategies to defend against cyber threats. It provides insights into risk management frameworks and the formulation of security protocols to mitigate vulnerabilities.
  • Information Resources Management

    • This program focuses on the effective management of information technology resources. You will gain knowledge in risk assessment practices relating to data integrity, privacy, and the implementation of information security measures.
  • Risk Management

    • A degree in Risk Management provides a comprehensive understanding of identifying, assessing, and mitigating risks in various contexts, including IT. Key topics may include enterprise risk management, legal considerations, and industry-specific regulations.

In addition to formal education, you may also benefit from relevant certifications and practical training opportunities that enhance your understanding of IT risk assessment and security practices.

Best Schools to become a IT Risk Assessor in U.S. 2024

Western Governors University

Salt Lake City, UT

In-State Tuition:$7,404
Out-of-State Tuition:$7,404
Admission Rate:N/A
Graduation Rate:49%
Total Enrollment:156,935

University of Maryland Global Campus

Adelphi, MD

In-State Tuition:$7,488
Out-of-State Tuition:$11,976
Admission Rate:N/A
Graduation Rate:19%
Total Enrollment:55,838

University of Phoenix-Arizona

Phoenix, AZ

In-State Tuition:$9,552
Out-of-State Tuition:$9,552
Admission Rate:N/A
Graduation Rate:18%
Total Enrollment:88,891

University of the Cumberlands

Williamsburg, KY

In-State Tuition:$9,875
Out-of-State Tuition:$9,875
Admission Rate:83%
Graduation Rate:44%
Total Enrollment:18,053

Collin County Community College District

McKinney, TX

In-State Tuition:$3,450
Out-of-State Tuition:$5,550
Admission Rate:N/A
Graduation Rate:18%
Total Enrollment:35,077

Purdue University Global

West Lafayette, IN

In-State Tuition:$10,080
Out-of-State Tuition:$13,356
Admission Rate:N/A
Graduation Rate:20%
Total Enrollment:45,125
IT Risk Assessor Job Description:
  • Plan, implement, upgrade, or monitor security measures for the protection of computer networks and information.
  • Assess system vulnerabilities for security risks and propose and implement risk mitigation strategies.
  • May ensure appropriate security controls are in place that will safeguard digital files and vital electronic infrastructure.
  • May respond to computer security breaches and viruses.

Required Skills and Competencies To Become an IT Risk Assessor

  • Analytical Thinking
    You must possess the ability to analyze complex data sets and evaluate potential risks effectively. This includes understanding how to interpret quantitative and qualitative data to draw meaningful conclusions.

  • Attention to Detail
    You should be diligent in your examination of processes and systems. Identifying even the smallest vulnerabilities can have significant repercussions for an organization.

  • Knowledge of Regulatory Requirements
    Familiarity with industry regulations and compliance standards is essential. You must keep up to date with laws that govern information security and data protection, such as GDPR and HIPAA.

  • Risk Assessment Methodologies
    Proficiency in various risk assessment frameworks, such as NIST, ISO 31000, and FAIR, is vital. You need to understand how to apply these methods to evaluate risks accurately.

  • Technical Proficiency
    A strong understanding of IT systems, network architecture, and security protocols will support your evaluations. Familiarity with various technologies, such as firewalls, intrusion detection systems, and encryption methods, is necessary.

  • Project Management Skills
    Your ability to manage multiple assessments and projects simultaneously is important. Skills in organizing, planning, and executing assessments within designated timelines can enhance efficiency.

  • Communication Skills
    You should be adept at conveying complex risk findings and recommendations to both technical and non-technical stakeholders. This includes presenting reports and engaging in discussions on risk management strategies.

  • Problem-Solving Skills
    The capacity to identify problems quickly and propose viable solutions is critical. You need to approach issues with a rational mindset and flexibility to adapt solutions as necessary.

  • Collaboration and Teamwork
    Working effectively with other IT professionals, compliance officers, and managers is essential. You should be comfortable in a team environment and value the input of others while also contributing your own insights.

  • Ethical Judgment and Integrity
    Upholding high ethical standards is fundamental. You should exhibit integrity in your assessments and maintain confidentiality regarding sensitive information.

  • Continuous Learning
    A commitment to ongoing education and awareness of emerging threats in the IT landscape is vital. Staying current with trends in technology and risk management will enhance your effectiveness in the role.

Job Duties for IT Risk Assessors

  • Develop plans to safeguard computer files against accidental or unauthorized modification, destruction, or disclosure and to meet emergency data processing needs.

  • Encrypt data transmissions and erect firewalls to conceal confidential information as it is being transmitted and to keep out tainted digital transfers.

  • Monitor current reports of computer viruses to determine when to update virus protection systems.

Technologies and Skills Used by IT Risk Assessors

Data base user interface and query software

  • Amazon Elastic Compute Cloud EC2
  • Blackboard software

Transaction security and virus protection software

  • NortonLifeLock cybersecurity software
  • Stack smashing protection SSP software

Web platform development software

  • Google Angular
  • Spring Framework

Basic Skills

  • Reading work related information
  • Thinking about the pros and cons of different ways to solve a problem

People and Technology Systems

  • Figuring out how a system should work and how changes in the future will affect it
  • Thinking about the pros and cons of different options and picking the best one

Problem Solving

  • Noticing a problem and figuring out the best way to solve it

Current Job Market and Opportunites for an IT Risk Assessor

The job market for IT Risk Assessors is currently robust and shows promising growth potential as organizations increasingly recognize the importance of managing IT risks. Here are key aspects of the market you should consider:

  • Growing Demand: As cybersecurity threats continue to evolve, companies across all sectors are prioritizing risk assessment to protect their data and resources. This has resulted in a heightened demand for skilled IT Risk Assessors.

  • Regulatory Compliance: Regulations such as GDPR, HIPAA, and PCI-DSS require organizations to maintain strict compliance standards. This necessity drives employment opportunities for IT Risk Assessors tasked with ensuring that organizations adhere to these laws.

  • Industry Expansion: Industries like healthcare, finance, and government are particularly focused on risk management due to the sensitive nature of their data and stringent compliance requirements. This trend is leading to an influx of job openings specific to these sectors.

  • Growth Potential: The profession is expected to see continued growth as technology evolves. The rise of cloud computing, increased reliance on remote working, and the expansion of the Internet of Things (IoT) are creating new challenges that require specialized risk assessment.

  • Geographical Hotspots: Certain regions in the United States are emerging as key locations for IT Risk Assessors:

    • Silicon Valley, California: As a tech hub, many startups and established companies are seeking risk assessors to navigate their security landscapes.
    • New York City, New York: Financial institutions are increasingly hiring IT Risk Assessors to comply with industry regulations and protect against financial crimes.
    • Washington, D.C. Metro Area: Government agencies and contractors are consistently looking for professionals in risk assessment to ensure information security and compliance with federal regulations.
    • Austin, Texas: With a booming technology scene, Austin is becoming a significant market for risk management roles in both established firms and startups.
  • Remote Work Opportunities: The shift towards remote work has also expanded the job market for IT Risk Assessors. Many organizations are now open to hiring talent regardless of geographical location, further increasing opportunities in this field.

Understanding these dynamics can help you navigate your career as an IT Risk Assessor and make informed decisions about potential job opportunities and locations.

Additional Resources To Help You Become an IT Risk Assessor

  • National Institute of Standards and Technology (NIST)

    • NIST provides guidelines and standards for risk management and cybersecurity. Their publications on the Risk Management Framework (RMF) and Special Publication 800 series are essential for IT Risk Assessors.
    • Website: NIST Cybersecurity
  • ISACA

    • ISACA offers resources for professionals in IT governance, risk management, and cybersecurity. Consider their publications and certifications such as the Certified in Risk and Information Systems Control (CRISC).
    • Website: ISACA
  • International Organization for Standardization (ISO)

    • ISO provides standards such as ISO/IEC 27005 for information security risk management. Familiarizing yourself with these standards can enhance your understanding of best practices.
    • Website: ISO
  • SANS Institute

    • The SANS Institute offers a variety of resources, including training, webinars, and whitepapers focused on information security and risk management. Their courses and materials are widely recognized in the industry.
    • Website: SANS Institute
  • Risk Management Society (RIMS)

    • RIMS provides resources for risk management professionals, including publications, seminars, and networking opportunities that can enhance your skills and industry knowledge.
    • Website: RIMS
  • Security and Exchange Commission (SEC)

    • The SEC provides guidance on cybersecurity disclosures, helping IT Risk Assessors understand compliance requirements in the financial sector.
    • Website: SEC Cybersecurity
  • Center for Internet Security (CIS)

    • CIS offers benchmarks and tools that assist in mitigating risks to IT environments. Their resources cover a wide range of security topics essential for IT Risk Assessors.
    • Website: CIS
  • Cybersecurity & Infrastructure Security Agency (CISA)

    • CISA provides resources related to protecting the nation's critical infrastructure and includes publications on best practices for risk assessment.
    • Website: CISA
  • The Open Group

    • The Open Group develops and manages standards like the Risk Management Framework (RMF) which are valuable to professionals involved in enterprise architecture and risk management.
    • Website: The Open Group
  • Books for Further Reading

    • Managing Risk in Information Systems by Darril Gibson
    • The Risk IT Framework by ISACA
    • Information Security Risk Assessment by Michael D. Cataudella

These resources can provide valuable knowledge and support as you advance in your career as an IT Risk Assessor.

FAQs About Becoming an IT Risk Assessor

  • What does an IT Risk Assessor do?
    An IT Risk Assessor evaluates an organization's information technology systems to identify vulnerabilities, potential threats, and compliance issues. They analyze risks related to data integrity, confidentiality, and availability, and recommend measures to mitigate those risks.

  • What skills are essential for an IT Risk Assessor?
    Key skills include analytical thinking, problem-solving, attention to detail, knowledge of cybersecurity principles, understanding of risk management frameworks, and proficiency with IT systems and software. Strong communication skills are also important for reporting findings and collaborating with teams.

  • What qualifications do I need to become an IT Risk Assessor?
    Typically, a bachelor’s degree in information technology, computer science, or a related field is required. Relevant certifications, such as Certified Information Systems Auditor (CISA), Certified Information Systems Security Professional (CISSP), or Certified Risk Management Professional (CRMP), can enhance your qualifications.

  • Is experience necessary for this role?
    While entry-level positions may be available, having experience in IT, cybersecurity, or risk management significantly improves your prospects. Many positions prefer candidates with a few years of relevant work experience.

  • What industries hire IT Risk Assessors?
    IT Risk Assessors are in demand across various industries, including finance, healthcare, government, education, and technology. Any sector that manages sensitive data or critical infrastructure may require risk assessment services.

  • What is the typical salary for an IT Risk Assessor?
    Salaries can vary based on experience, location, and the specific organization. As of 2023, the average salary for an IT Risk Assessor in the United States ranges from $70,000 to $120,000 annually, with higher salaries for those in senior positions or specialized roles.

  • What career advancement opportunities exist in this field?
    With experience, you can advance to positions such as IT Risk Manager, Chief Information Security Officer (CISO), or other leadership roles. Furthering your education and obtaining higher-level certifications can also open doors to more senior positions.

  • How can I stay updated with industry trends?
    To keep abreast of the latest trends, consider joining professional associations, attending industry conferences, participating in webinars, and subscribing to relevant publications and online forums. Continuous education and professional development are also critical.

  • What tools and technologies do IT Risk Assessors use?
    Common tools include risk assessment software, vulnerability scanning tools, security information and event management (SIEM) systems, and data loss prevention (DLP) technologies. Familiarity with these tools is beneficial for performing assessments effectively.

  • How does one conduct an IT risk assessment?
    An IT risk assessment typically involves a systematic process that includes identifying assets, assessing potential threats and vulnerabilities, evaluating risk impact and likelihood, and prioritizing risks based on their severity. You'll also need to document findings and recommend mitigation strategies.