Chief Risk Officer (CRO) Salary

Chief Risk Officers in the United States pull down an average of $165K per year. In the world of Chief Risk Officers, total cash compensation can vary between $99K and $315K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $85K and $49K, respectively. Career length 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 (78 percent). Almost all report receiving medical coverage from their employers and a large number collect dental insurance. This field is filled with high levels of job satisfaction; most Chief Risk Officers are happy with their jobs. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$97,084 - $244,986
(Median)
$97K
$160K
$240K
MEDIAN: $164,700
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
$97,084 - $244,986  
   
Bonus
$3,046 - $85,191  
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).
)
$98,801 - $314,509  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 207
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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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Professional skills reported by Chief Risk Officers are few in number. 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. Aptitude in Regulatory Compliance tends to also indicate an understanding of Risk Management / Risk Control.

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 who reported more years of relevant experience also reported higher earnings. Annually raking in $134K, the average professional in this position sees a six-figure salary within the first five years. Chief Risk Officers see a median salary of $190K after reaching one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $209K, but it's not much more than what less experienced people make.

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Experience Affects Chief Risk Officer (CRO) Salaries

Late-Career
up arrow 11%

Experienced
up arrow 1%

National Average
$188,000

Mid-Career
up arrow 20%

Entry-Level
up arrow 29%

Skills That Affect Chief Risk Officer (CRO) Salaries

National Average
$188,000

Risk Management / Risk Control
up arrow 3%

Regulatory Compliance
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

1-4 years
7%
5-9 years
10%
10-19 years
39%
20 years or more
44%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 89%
medical benefits
Vision: 79%
dental benefits
None: 4%
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