Directors of Risk Management in the United States can expect to earn a very comfortable salary, with average salaries (in the ballpark of $116K) surpassing six figures annually. Cash earnings for Directors of Risk Management — which occasionally include more than $45K from bonuses and more than $26K from profit sharing — stretch from around $75K to approximately $193K. Geography and career length each impact pay for this group, with the former having the largest influence. Men make up a slight majority of Directors of Risk Management (54 percent) who responded to the survey. Job satisfaction is reported as high by the vast majority of workers. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$73,688 - $162,302
$74K
$120K
$160K
MEDIAN: $115,515
10%
50%
90%

Add this chart to your site: 640px    300px

$26.50 - $72.00
$55
MEDIAN: $55.00
50%

Add this chart to your site: 640px    300px

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$70K$140K$210K
Salary
$73,688 - $162,302  
   
Bonus
$4,500 - $45,000  
Profit Sharing
$1,479 - $26,356  
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).
)
$74,545 - $193,130  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 305
National Hourly Rate 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$50$100$150
Hourly Rate
$55.00  
   
Overtime
$42.00  
National Annualized 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
Bonus
$4,500 - $45,000  
   
Profit Sharing
$1,479 - $26,356  
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).
)
$74,545 - $193,130  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 5

Find Out Exactly What You Should Be Paid

United States (change)

Employers: 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


Survey results show that Directors of Risk Management use a fair number of skills. Most notably, skills in Security Risk Management, Risk Management / Risk Control, Insurance, and Claim Handling are correlated to pay that is above average. Those listing Safety Compliance as a skill should be prepared for drastically lower pay. Regulatory Compliance and Claim Handling also typically command lower compensation. Those familiar with Regulatory Compliance also tend to know Insurance.

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

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


Directors of Risk Management with a rich background of experience are typically rewarded with larger paychecks. Although inexperienced employees take home approximately $86K, those who have five to 10 years under their belts benefit from a six-figure median of $102K. After working for 10 to 20 years, Directors of Risk Management make a median salary of $130K. Directors of Risk Management who surpass 20 years on the job report pay that isn't higher than those with 10 to 20 years.

Pay Difference by Location

National Average: $122,735

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

For Directors of Risk Management, working in the bustling city of New York has its advantages, including an above-average pay rate. Directors of Risk Management will also find cushy salaries in Boston (+41 percent), San Francisco (+22 percent), Charlotte (+17 percent), and Houston (+7 percent). In Atlanta, salaries are 4 percent below the national average and represent the lowest-paying market.

Related Job Salaries

Key Stats for Director, Risk Management / Risk Control

Gender

Female
46 %
Male
54 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.
045
Less than 1 year
1%
1-4 years
6%
5-9 years
19%
10-19 years
45%
20 years or more
28%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Director, Risk Management / Risk Control Salaries



National Average
$123,000


Entry-Level
up arrow 30%

Skills That Affect Director, Risk Management / Risk Control Salaries

Security Risk Management
up arrow 10%


National Average
$123,000


Claim Handling
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
1%
1-4 years
6%
5-9 years
19%
10-19 years
45%
20 years or more
28%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 85%
vision benefits
Vision: 76%
dental benefits
None: 6%
ADVERTISEMENT