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Director, Risk Management / Risk Control Salary

Average pay for a Director of Risk Management in the United States is considerable, rounding six figures at $115K per year. In the world of Directors of Risk Management, overall income ranges from $80K near the bottom to $192K at the top; this can include more than $41K from bonuses and more than $20K from profit sharing in exceptional cases. Residence and tenure each impact pay for this group, with the former having the largest influence. More than half of Directors of Risk Management (61 percent) survey respondents are men. For the most part, Directors of Risk Management enjoy their work and report high levels of job satisfaction. Medical and dental benefits are awarded to almost all, and the greater part earn vision coverage. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$77,988 - $161,767
(Median)
$78K
$110K
$160K
MEDIAN: $114,861
10%
50%
90%

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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
$77,988 - $161,767  
   
Bonus
$2,534 - $40,669  
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).
)
$80,393 - $191,533  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 311

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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.

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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.

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Popular Skills for Director, Risk Management / Risk Control


Professional skills reported by Directors of Risk Management are few in number. Fortunate workers who know Regulatory Compliance command much higher paychecks, scoring salaries 23 percent above average. Skills that are correlated to lower pay, on the other hand, include Insurance. Competency in Regulatory Compliance frequently indicates knowledge of Risk Management / Risk Control.

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. The relatively untested earn a median of $86K per year, but survey respondents who have racked up five to 10 years of experience report a six-figure median of $124K. Directors of Risk Management bring in $129K after working for 10 to 20 years. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $133K.

Related Job Salaries

United States (change)

Experience Affects Director, Risk Management / Risk Control Salaries



National Average
$125,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 31%

Skills That Affect Director, Risk Management / Risk Control Salaries


Risk Management / Risk Control
up arrow 3%

National Average
$125,000

Insurance
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 63 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
17%
10-19 years
45%
20 years or more
30%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 86%
vision benefits Vision: 69% employee benefits None: 7%
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