Chief Risk Officer (CRO) Salary

Earnings for Chief Risk Officers in the United States come in at around $163K per year on average. Total cash compensation for Chief Risk Officers runs from $99K to $320K depending on bonuses that can occasionally exceed $89K and profit sharing that can reach almost $49K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Generally, women make up less than a third of all Chief Risk Officers who answered the questionnnaire. Almost all enjoy medical while nearly all get dental coverage. Vision coverage is also available to a large number. The majority of workers are highly satisfied with their job. The data in this summary comes from the PayScale salary survey.
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$96,721 - $245,190

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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
$96,721 - $245,190  
   
Bonus
$3,007 - $89,396  
Profit Sharing
$-0.50 - $49,316  
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).
)
$98,843 - $320,255  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 198
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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

  • 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

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Chief Risk Officers only report a few specific skills. Risk Management / Risk Control and Regulatory Compliance are considered valuable skills and can increase employee pay. Skills that seem to negatively impact pay include Regulatory Compliance. 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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Even the relatively untried can take home bulky six-figure salaries; employees who have worked for fewer than five years report earning $116K on average. For Chief Risk Officers, 10 to 20 years of experience on the job amounts to an average salary of $189K. Chief Risk Officers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $206K on average.

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Experience Affects Chief Risk Officer (CRO) Salaries

Late-Career
up arrow 10%

Experienced
up arrow 1%

National Average
$187,000

Mid-Career
up arrow 19%

Entry-Level
up arrow 38%

Skills That Affect Chief Risk Officer (CRO) Salaries

National Average
$187,000

Risk Management / Risk Control
up arrow 3%

Regulatory Compliance
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

1-4 years
6%
5-9 years
8%
10-19 years
43%
20 years or more
42%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 91%
vision benefits Vision: 81% employee benefits None: 3%
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