Chief Risk Officer (CRO) Salary

Wages for Chief Risk Officers in the United States are generous, with average pay above six figures ($154K) per year. With some bonuses approaching $88K and certain profit sharing proceeds approaching $31K, overall incomes of Chief Risk Officers spread between $91K and $303K depending on individual performance. Career length is the biggest factor affecting pay for this group, followed by geography. Work is enjoyable for Chief Risk Officers, who typically claim high levels of job satisfaction. There are more male Chief Risk Officers than female among those who completed the questionnaire, making up 67 percent. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The data in this summary comes from the PayScale salary survey.
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$90,050 - $246,395
$90K
$150K
$250K
MEDIAN: $154,099
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
$90,050 - $246,395  
   
Bonus
$7,250 - $88,000  
Profit Sharing
$0.00 - $30,913  
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).
)
$90,612 - $303,342  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 118

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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)

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


Chief Risk Officers with a lot of experience tend to enjoy higher earnings. The average beginner in this position makes around $122K, but folks who have been around for five to 10 years see a markedly higher median salary of $162K. People with 10 to 20 years of experience make an average of about $198K in this role. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $214K.

Pay Difference by Location

National Average: $177,373

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

Home to some of the best pay for Chief Risk Officers, New York offers exceptional salaries, 50 percent above the national average. Chief Risk Officers can also look forward to large paychecks in cities like San Francisco (+24 percent), Seattle (+23 percent), San Diego (+18 percent), and Des Moines (+17 percent).

Related Job Salaries

Key Stats for Chief Risk Officer (CRO)

Gender

Female
33 %
Male
67 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
1-4 years
15%
5-9 years
15%
10-19 years
34%
20 years or more
36%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Risk Officer (CRO) Salaries

▲20%

▲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 12 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

1-4 years
15%
5-9 years
15%
10-19 years
34%
20 years or more
36%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 85%
vision benefits
Vision: 77%
dental benefits
None: 5%
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