Chief Risk Officer (CRO) Salary

Chief Risk Officers receive generous compensation in the United States — earning an average of $154K per year, their standard salaries shoot well into the six-figure range. In the world of Chief Risk Officers, total cash compensation can vary between $90K and $299K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $83K and $31K, respectively. Location is the biggest factor affecting pay for this group, followed by experience level. Job satisfaction is high and work is enjoyable for most Chief Risk Officers. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Most Chief Risk Officers survey respondents are men (72 percent). The numbers in this rundown were provided by PayScale's salary survey participants.
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$88,134 - $246,231
$88K
$150K
$250K
MEDIAN: $153,698
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$100K$200K$300K
Salary
$88,134 - $246,231  
   
Bonus
$5,017 - $83,246  
Profit Sharing
$0.00 - $30,639  
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).
)
$89,765 - $299,168  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 123

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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

  • 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

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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 rich background of experience are typically rewarded with larger paychecks. Even the relatively untested can earn a lot; individuals who have been working for fewer than five years report a median six-figure salary of $137K per year. After working for 10 to 20 years, Chief Risk Officers make a median salary of $186K. 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 $211K.

Related Job Salaries

Key Stats for Chief Risk Officer (CRO)

Gender

Female
28 %
Male
72 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
1-4 years
13%
5-9 years
15%
10-19 years
35%
20 years or more
37%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Risk Officer (CRO) Salaries

▲19%

Experienced
▲5%

National Average
$177,000

Mid-Career
▼12%

Entry-Level
▼23%

Skills That Affect Chief Risk Officer (CRO) Salaries


National Average
$177,000


Internal Audit
▼6%

Job Satisfaction

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

Gender

Female
28 %
Male
72 %

Years of Experience

1-4 years
13%
5-9 years
15%
10-19 years
35%
20 years or more
37%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 88%
vision benefits
Vision: 79%
dental benefits
None: 4%
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