Chief Risk Officer (CRO) Salary

Median pay for Chief Risk Officers in the United States is around $162K annually. Total cash compensation to Chief Risk Officers approaches anywhere from $99K on the lower end to $320K on the higher end; in exceptional cases, this can include more than $89K from bonuses and upwards of $49K from profit sharing. Career duration is the biggest factor affecting pay for this group, followed by geography. Most Chief Risk Officers like their work and job satisfaction is high. Male Chief Risk Officers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Nearly all enjoy medical while almost all get dental coverage. Vision coverage is also available to most. This report is based on answers to PayScale's salary questionnaire.
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$96,778 - $245,026
(Median)
$97K
$160K
$250K
MEDIAN: $162,357
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$110K$220K$330K
Salary
$96,778 - $245,026  
   
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).
)
$98,898 - $319,889  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 199
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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 typically list a handful of skills they use on the job. Risk Management / Risk Control and Regulatory Compliance are considered valuable skills and can increase employee pay. Skills that are correlated to lower pay, on the other hand, include Regulatory Compliance and Risk Management / Risk Control. It is not unusual for someone who knows Regulatory Compliance to be familiar with Risk Management / Risk Control as well.

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. Substantial, six-figure paychecks show up early in this area; folks who have worked for fewer than five years report earning a median of $114K. Chief Risk Officers see a median salary of $189K after reaching one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $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
$186,000

Mid-Career
up arrow 19%

Entry-Level
up arrow 39%

Skills That Affect Chief Risk Officer (CRO) Salaries

National Average
$186,000

Risk Management / Risk Control
up arrow 3%

Regulatory Compliance
up arrow 10%

Job Satisfaction

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

Gender

Female
24 %
Male
76 %

Years of Experience

1-4 years
7%
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: 82% employee benefits None: 3%
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