Director, Risk Management / Risk Control Salary

Average pay for Directors of Risk Management in the United States is more than reasonable, with annual salaries pushing past the six-figure mark ($116K). Total cash compensation to Directors of Risk Management approaches anywhere from $80K on the lower end to $192K on the higher end; in exceptional cases, this can include more than $41K from bonuses and upwards of $20K from profit sharing. Residence is the biggest factor affecting pay for this group, followed by career duration. Medical benefits are awarded to nearly all, and most earn dental coverage. Most Directors of Risk Management like their work and job satisfaction is high. Men account for the majority of Directors of Risk Management who responded to the questionnaire — 61 percent to be exact. The data in this summary comes from the PayScale salary survey.

$77,937 - $162,466
(Median)
$78K
$120K
$160K
MEDIAN: $115,585
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$70K$140K$210K
Salary
$77,937 - $162,466  
   
Bonus
$2,540 - $40,711  
Profit Sharing
$1,939 - $20,426  
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).
)
$80,402 - $192,418  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 310
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Director, Risk Management / Risk Control

Directors of risk management and risk control are in charge of managing and controlling risk-related elements of their organization. They are responsible for managing liability programs, gathering risk data, and mitigating risks as required. They convey issues and ideas related to risks and risk management to upper management, as well as implement risk policies and programs across their company. Directors of risk management and risk control generally oversee a group of risk professionals and report their progress to the risk management vice president.

Read More...

Director, Risk Management / Risk Control Tasks

  • Examine and analyze risk data to determine potential loss.
  • Plan and direct the risk management program.
  • Oversee staff operations, business planning and budget development.
  • Direct staff in effective and efficient use of programs that promote quality processes.

Risk Management Director Job Listings

Search for more jobs:

Popular Skills for Director, Risk Management / Risk Control


Overall, survey participants reported applying a fair number of skills to their work. Most notably, facility with Regulatory Compliance and Security Risk Management are correlated to pay that is significantly above average, leading to increases of 23 percent and 8 percent, respectively. Safety Compliance and Insurance as skills, however, tend to be associated with significantly smaller paychecks. Most people skilled in Regulatory Compliance are similarly competent in Insurance.

Pay by Experience Level for Director, Risk Management / Risk Control

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


For many Directors of Risk Management, more experience generally translates to higher pay. Salaries of relatively inexperienced workers fall in the neighborhood of $87K, but folks who have racked up five to 10 years see a notably higher median of $120K. For Directors of Risk Management, 10 to 20 years of experience on the job amounts to an average salary of $131K. Directors of Risk Management with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $133K.

Pay Difference by Location


For Directors of Risk Management, busy New York offers a higher-than-average pay rate, 45 percent above the national average. Directors of Risk Management will also find cushy salaries in Charlotte (+15 percent) and Chicago (+12 percent). With compensation 14 percent below the national average, Houston is not known for hefty paychecks and actually represents the lowest-paying market.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Director, Risk Management / Risk Control Salaries



National Average
$125,000

Mid-Career
up arrow 4%

Entry-Level
up arrow 30%

Skills That Affect Director, Risk Management / Risk Control Salaries


Security Risk Management
up arrow 8%

Risk Management / Risk Control
up arrow 2%

National Average
$125,000

Insurance
up arrow 8%

Safety Compliance
up arrow 22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 60 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
17%
10-19 years
46%
20 years or more
29%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 85%
vision benefits Vision: 71% employee benefits None: 7%
ADVERTISEMENT