Digital Risk Officer: Job Description & Salary

May 31, 2020

Career Definition of a Digital Risk Officer

A digital risk officer specializes in securing data. What separates them from other data security professionals is that they are not simply technical employees who install firewalls and test them to see if they're working. They bridge the gap between all aspects of digital technology a company uses and between information technology (IT) staff and company management. Their objective is to help develop uniform policies and procedures that will be implemented company-wide in order to protect all data stored on all types of devices.

They perform a lot of tasks, such as reviewing data storage methods, existing security protocols and data storage operations. They assess relevant data to identify potential security weaknesses. They produce reports and recommendations for management to address those security issues. They then work to implement new security protocols throughout all applicable departments. Part of their work involves promoting a security awareness culture in their workplace so that data security is integrated into the business operations throughout the company.

Educational Requirements Bachelor's degree
Job Skills Computer skills, programming skills, technical knowledge, problem-solving skills, customer service skills, analytical skills, communication skills,
Median Salary (2020)* $88,015 (risk officer)
Job Outlook (2018-2028)** 32% (information security analysts)

Sources: *PayScale; **U.S. Bureau of Labor Statistics

Required Education

Most employers will expect digital risk officers to have a bachelor's degree. They may opt to study information security or pursue a degree in computer science. It is also beneficial for those interested in a career as a digital risk officer to have data analytics training. Data analytics certificate programs prepare individuals to be able to use data to make informed projections and sound business decisions. Some employers may require applicants to have a degree and a certificate in analytics.

Required Skills

Digital risk officers need a high level of technical knowledge and familiarity with a range of different storage devices, such as clouds and databases. They must have strong analytical skills to be able to effectively evaluate their company's technology and business operations so that they can identify potential vulnerabilities. They need problem-solving skills in order to be able to determine how to improve security. They also need communication skills to effectively promote data security and security regulations. They benefit from customer service skills because their objective is to ensure that customer needs are met through effectively securing data.

Career Outlook and Salary

The role of the digital risk officer isn't listed separately when occupational data is gathered due to how new this career field is. PayScale reported in May 2020 that the median salary for risk officers was $88,015 per year. The U.S. Bureau of Labor Statistics (BLS) provides occupational data for information security analysts. From 2018 to 2028 information security analysts should see a high job growth rate of 32% in their field. The demand for increased data security will promote strong job growth for digital risk officers.

Related Careers

There are a number of careers that are related to securing data that may also interest those considering a future as a digital risk officer. Information about these occupations is available through the links listed here:

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