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Chief Risk Officer (CRO) Salary

Median pay for Chief Risk Officers in the United States is around $161K per year. With some bonuses approaching $99K and certain profit sharing proceeds approaching $59K, overall incomes of Chief Risk Officers spread between $99K and $335K depending on individual performance. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Most Chief Risk Officers survey respondents are men (75 percent). Most Chief Risk Officers report high levels of job satisfaction. Medical benefits are awarded to almost all, and nearly all earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$97,204 - $248,703
(Median)
$97K
$160K
$250K
MEDIAN: $160,976
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$120K$240K$360K
Salary
$97,204 - $248,703  
   
Bonus
$3,027 - $98,678  
Profit Sharing
$-0.50 - $59,180  
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).
)
$99,329 - $335,478  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 197

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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

  • 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 who responded to the survey indicated only a few skills that they use on the job. 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. Risk Management / Risk Control is a skill commonly found among those who know Regulatory Compliance.

Pay by Experience Level for Chief Risk Officer (CRO)

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. The average inexperienced employee pulls down a cushy six-figure sum; the median salary for people claiming fewer than five years of experience is $118K. The average pay reported by folks with 10 to 20 years of experience is around $189K. Chief Risk Officers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $207K.

Related Job Salaries

United States (change)

Experience Affects Chief Risk Officer (CRO) Salaries

Late-Career
up arrow 10%

Experienced
0%

National Average
$188,000

Mid-Career
up arrow 21%

Entry-Level
up arrow 37%

Skills That Affect Chief Risk Officer (CRO) Salaries

National Average
$188,000

Risk Management / Risk Control
up arrow 3%

Regulatory Compliance
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 90%
vision benefits Vision: 82% employee benefits None: 3%
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