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Chief Risk Officer (CRO) Salary

Average Chief Risk Officers in the United States make around $161K per year. With some bonuses approaching $99K and certain profit sharing proceeds approaching $118K, overall incomes of Chief Risk Officers spread between $100K and $334K depending on individual performance. Career length and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction for Chief Risk Officers is high. Medical benefits are awarded to almost all, and nearly all earn dental coverage. Generally, women make up less than a third of all Chief Risk Officers who answered the questionnnaire. The information for this snapshot was generated by responses to the PayScale salary survey.
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$97,545 - $245,941
(Median)
$98K
$160K
$250K
MEDIAN: $160,854
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
$97,545 - $245,941  
   
Bonus
$3,931 - $98,633  
Profit Sharing
$97.87 - $118,359  
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).
)
$99,958 - $334,066  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 174
United States (change)

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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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. Skills that are correlated to lower pay, on the other hand, include Regulatory Compliance and Risk Management / Risk Control. Experience with Regulatory Compliance is often linked with knowledge of Risk Management / Risk Control.

Related Job Salaries

Experience Affects Chief Risk Officer (CRO) Salaries

Late-Career
up arrow 6%

Experienced
0%

National Average
$192,000

Mid-Career
up arrow 26%

Skills That Affect Chief Risk Officer (CRO) Salaries

National Average
$192,000

Risk Management / Risk Control
up arrow 3%

Regulatory Compliance
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

1-4 years
5%
5-9 years
7%
10-19 years
47%
20 years or more
41%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 90%
vision benefits Vision: 82% employee benefits None: 4%