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Director, Risk Management / Risk Control Salary (United States)

Compensation for Directors of Risk Management in the United States is generous, with average pay surpassing six figures annually ($122K). Including potential for bonuses and profit sharing — peaking near $40K and $20K, respectively — total cash payment to Directors of Risk Management can bottom out near $73K or peak near $187K depending on individual performance. Career length and the particular city each impact pay for this group, with the former having the largest influence. 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 a fair number earn vision coverage. Male Directors of Risk Management are more prevalent than women among those who took the survey — 62 percent of professionals. This report is based on responses to the PayScale salary survey.
Director, Risk Management / Risk Control Salary (?
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.
)
$71,747 - $160,827
(Median)
72K
90K
110K
140K
160K
MEDIAN: $110,829
10%
25%
50%
75%
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
$71,747 - $160,827  
   
Bonus
$2,547 - $39,556  
Profit Sharing
$1,996 - $20,134  
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).
)
$72,693 - $187,368  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 304
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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.

Risk Management Director Job Listings

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Directors of Risk Management who responded to the survey report just a handful of professional skills. Fortunate workers who know Regulatory Compliance command much higher paychecks, scoring salaries 29 percent above average. Skills that pay less than market rate include Insurance. Risk Management / Risk Control is a skill commonly found among those who know Regulatory Compliance.

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

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Survey participants with less than five years' experience pocket $86K on average, but those with five to 10 years of experience enjoy a much bigger median of $122K. Directors of Risk Management see a median salary of $128K after reaching one to two decades on the job. 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 $131K.

Pay Difference By Location

New York
up arrow 40%
Chicago
up arrow 6%
National Average
$122,000
Larger circles over a city indicate a job is popular in that location.
New York offers some of the highest pay in the country for Directors of Risk Management, 40 percent above the national average. Directors of Risk Management will also find cushy salaries in Chicago (+6 percent).

Related Job Salaries

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Experience Affects Director, Risk Management / Risk Control Salaries

Late-Career
up arrow 7%
Experienced
up arrow 5%
Mid-Career
0%
National Average
$122,000
Entry-Level
up arrow 30%

Skills That Affect Director, Risk Management / Risk Control Salaries

Regulatory Compliance
up arrow 29%
Risk Management / Risk Control
up arrow 2%
National Average
$122,000
Insurance
up arrow 14%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 73 votes.

Gender

Female
38%
female alumni
 
Male
62%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
18%
10-19 years
44%
20 years or more
30%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 88%
vision benefits Vision: 71% employee benefits None: 6%