Chief Risk Officer (CRO) Salary

For Chief Risk Officers, yearly average wages total $163K annually. With some bonuses approaching $92K and certain profit sharing proceeds approaching $49K, overall incomes of Chief Risk Officers spread between $99K and $321K depending on individual performance. Career length is the biggest factor affecting pay for this group, followed by geography. Most Chief Risk Officers survey respondents are men (75 percent). The majority of workers are highly satisfied with their job. Medical benefits are awarded to nearly all, and most earn dental coverage. Participants in PayScale's salary questionnaire provided the particulars of this report.
Read More
$96,604 - $245,428

Add this chart to your site: 640px    300px

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.
$96,604 - $245,428  
$2,959 - $91,827  
Profit Sharing
$-0.49 - $48,936  
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).
$98,733 - $320,996  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 206
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)

Comp Managers: Start Here »

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.


Chief Risk Officer (CRO) Tasks

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

Chief Risk Officer (CRO) Job Listings

Search for more jobs:

Survey results show that Chief Risk Officers typically report just a few professional skills. Risk Management / Risk Control and Regulatory Compliance are considered valuable skills and can increase employee pay. At the other end of the pay range are skills like Regulatory Compliance and Risk Management / Risk Control. Employees educated in Regulatory Compliance are typically practiced in Risk Management / Risk Control, too.

Pay by Experience Level for Chief Risk Officer (CRO)

Median of all compensation (including tips, bonus, and overtime) by years of experience.

For many Chief Risk Officers, more experience generally translates to higher pay. Chief Risk Officers in the early stages of their careers take home approximately $137K on average. The average for people in the five-to-10 year group is only a little larger at $150K. On average, Chief Risk Officers make $189K following one to two decades on the job. Seasoned veterans with 20 years under their belts enjoy a median income of $208K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)

Comp Managers: Start Here »

Experience Affects Chief Risk Officer (CRO) Salaries

up arrow 11%

up arrow 1%

National Average

up arrow 20%

up arrow 27%

Skills That Affect Chief Risk Officer (CRO) Salaries

National Average

Risk Management / Risk Control
up arrow 3%

Regulatory Compliance
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.


25 %
75 %

Years of Experience

1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 90%
vision benefits Vision: 80% employee benefits None: 4%