Chief Risk Officer (CRO) Salary

The average Chief Risk Officer in the United States earns approximately $165K per year. Total cash compensation to Chief Risk Officers approaches anywhere from $99K on the lower end to $315K on the higher end; in exceptional cases, this can include more than $85K from bonuses and upwards of $49K from profit sharing. 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). Medical benefits are awarded to almost all, and a large number earn dental coverage. It's worth noting that most people in this role find their work both fulfilling and enjoyable. Respondents to the PayScale salary survey provided the data for this report.
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$97,084 - $244,986
MEDIAN: $164,700

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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.
$97,084 - $244,986  
$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.


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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Pay by Experience Level for Chief Risk Officer (CRO)

Median of all compensation (including tips, bonus, and overtime) by years of experience.

In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. New workers enjoy hefty six-figure paychecks when they take on this position — $134K per year is the median for people who claim less than five years' experience. Chief Risk Officers claiming one to two decades of experience make an estimated median of $190K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $209K.

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Experience Affects Chief Risk Officer (CRO) Salaries

up arrow 11%

up arrow 1%

National Average

up arrow 20%

up arrow 29%

Skills That Affect Chief Risk Officer (CRO) Salaries

National Average

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.


22 %
78 %

Years of Experience

1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

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