Chief Risk Officer (CRO) Salary

Average pay for a Chief Risk Officer in the United States is considerable, rounding six figures at $152K per year. Total cash compensation to Chief Risk Officers bottoms out near $98K and approaches $315K on the high end; the biggest paychecks include approximately $102K from bonuses and almost $60K from profit sharing. Experience level is the biggest factor affecting pay for this group, followed by geography. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. More than half of Chief Risk Officers (67 percent) survey respondents are men. Most workers in this position report high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
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$96,853 - $248,854
$97K
$150K
$250K
MEDIAN: $152,176
10%
50%
90%

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$0$314K
Salary $96,853 - $248,854
Bonus $6,638 - $101,611
Profit Sharing $0.00 - $60,402
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).
)
$97,602 - $314,826
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 112

Find Out Exactly What You Should Be Paid

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

  • 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

Pay by Experience Level for Chief Risk Officer (CRO)

Pay by Experience for a Chief Risk Officer (CRO) has a positive trend. An entry-level Chief Risk Officer (CRO) with less than 5 years of experience can expect to earn an average total compensation of $122,000 based on 23 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Risk Officer (CRO) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $162,000 based on 31 salaries. An experienced Chief Risk Officer (CRO) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $198,000 based on 55 salaries. A Chief Risk Officer (CRO) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $214,000 based on 44 salaries.

Pay Difference by Location

National Average: $178,486

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

For Chief Risk Officers, busy New York offers a higher-than-average pay rate, 49 percent above the national average. Chief Risk Officers can also look forward to large paychecks in cities like San Francisco (+23 percent), Seattle (+22 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.
Less than 1 year
1%
1-4 years
10%
5-9 years
13%
10-19 years
37%
20 years or more
39%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Risk Officer (CRO) Salaries

▲20%

▲11%

National Average
$178,000

Mid-Career
▼9%

▼32%

Skills That Affect Chief Risk Officer (CRO) Salaries


National Average
$178,000


Internal Audit
▼6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
1%
1-4 years
10%
5-9 years
13%
10-19 years
37%
20 years or more
39%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 84%
vision benefits
Vision: 79%
no benefits
None: 6%
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