What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Chief Risk Officer (CRO) Salary

Chief Risk Officers in the United States pull down an average of $163K annually. In the world of Chief Risk Officers, overall cash allowance can occasionally include more than $99K from bonuses and, in some exceptional cases, $59K from profit sharing, causing incomes to vary widely between $100K and $333K. Career duration is the biggest factor affecting pay for this group, followed by geography. Generally, women make up less than a third of all Chief Risk Officers who answered the questionnnaire. Most workers in this position report high levels of job satisfaction. Nearly all report receiving medical coverage from their employers and almost all collect dental insurance. The information for this snapshot was generated by responses to the PayScale salary survey.
Read More
$97,450 - $247,834
(Median)
$97K
$160K
$250K
MEDIAN: $162,800
10%
50%
90%

Add this chart to your site: 640px    300px

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
$97,450 - $247,834  
   
Bonus
$3,034 - $98,527  
Profit Sharing
$-0.49 - $58,723  
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).
)
$99,594 - $332,563  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 202
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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

Search for more jobs:


Survey takers who work as Chief Risk Officers usually report a few specific skills. 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 and Risk Management / Risk Control. Those with knowledge of Regulatory Compliance tend to be skilled in 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 generally obtain higher compensation for more plentiful past experience. Salaries can reach six figures almost right off the bat; beginning workers who have less than five years' experience bring in a median of $120K per year. The average pay reported by folks with 10 to 20 years of experience is around $191K. 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 $208K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Chief Risk Officer (CRO) Salaries

Late-Career
up arrow 10%

Experienced
up arrow 1%

National Average
$189,000

Mid-Career
up arrow 21%

Entry-Level
up arrow 36%

Skills That Affect Chief Risk Officer (CRO) Salaries

National Average
$189,000

Risk Management / Risk Control
up arrow 4%

Regulatory Compliance
up arrow 12%

Job Satisfaction

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

Gender

Female
25 %
Male
75 %

Years of Experience

1-4 years
6%
5-9 years
8%
10-19 years
43%
20 years or more
43%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 91%
vision benefits Vision: 82% employee benefits None: 3%
ADVERTISEMENT