Chief Risk Officer (CRO) Salary

Chief Risk Officers enjoy a hefty income, with average pay passing six figures ($153K) annually in the United States. Overall cash earnings for Chief Risk Officers stretch from $92K on the lower end to $305K near the top, and the heftiest packages can encompass around $99K from bonuses and $62K from profit sharing. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Work is enjoyable for Chief Risk Officers, who typically claim high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. Most Chief Risk Officers survey respondents are men (72 percent). The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$90,793 - $244,160
$91K
$150K
$240K
MEDIAN: $152,667
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$110K$220K$330K
Salary
$90,793 - $244,160  
   
Bonus
$5,195 - $99,101  
Profit Sharing
$0.00 - $61,825  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$91,544 - $305,358  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 116

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United States (change)

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Job Description for Chief Risk Officer (CRO)

A chief risk officer usually oversees a region for a company to identify all sorts of risks the company might face or is currently being subjected to. The chief risk officer wants to make sure that company profits are a priority while policies and regulations are being adhered to. Some areas that the chief risk officer will oversee are risks relating to investment, credit, operations, and things that may be happening on the market. The chief risk officer must also be familiar with company policies and the law. The officer should make sure that various departments are complying with these regulations.

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Chief Risk Officer (CRO) Tasks

  • Coordinate with senior management to develop, evaluate, and implement risk management policies.
  • Evaluate and report on compliance with governance and financial regulations.
  • Identify key areas for improvement and recommend changes.

Chief Risk Officer (CRO) Job Listings

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Pay by Experience Level for Chief Risk Officer (CRO)

Pay by Experience for a Chief Risk Officer (CRO) has a positive trend. An entry-level Chief Risk Officer (CRO) with less than 5 years of experience can expect to earn an average total compensation of $122,000 based on 23 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Risk Officer (CRO) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $162,000 based on 31 salaries. An experienced Chief Risk Officer (CRO) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $198,000 based on 55 salaries. A Chief Risk Officer (CRO) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $214,000 based on 44 salaries.

Pay Difference by Location

National Average: $176,861

Larger city markers indicate a job is popular in that location.

For Chief Risk Officers, busy New York offers a higher-than-average pay rate, 50 percent above the national average. Chief Risk Officers will also find cushy salaries in San Francisco (+24 percent), Seattle (+24 percent), San Diego (+19 percent), and Des Moines (+18 percent).

Related Job Salaries

Key Stats for Chief Risk Officer (CRO)

Gender

Female
28 %
Male
72 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.
Less than 1 year
1%
1-4 years
13%
5-9 years
16%
10-19 years
34%
20 years or more
36%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Risk Officer (CRO) Salaries

▲21%

▲12%

National Average
$177,000

Mid-Career
▼9%

▼31%

Skills That Affect Chief Risk Officer (CRO) Salaries


National Average
$177,000


Internal Audit
▼6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
1%
1-4 years
13%
5-9 years
16%
10-19 years
34%
20 years or more
36%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 86%
vision benefits
Vision: 78%
no benefits
None: 6%
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