Director, Risk Management / Risk Control Salary

Wages for Directors of Risk Management in the United States are generous, with average pay above six figures ($114K) per year. In the world of Directors of Risk Management, total cash compensation can vary between $73K and $188K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $40K and $27K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. Most Directors of Risk Management like their work and job satisfaction is high. Women are just slightly outnumbered, with male Directors of Risk Management making up 52 percent of survey respondents. The data for this synopsis comes from respondents who took the PayScale salary survey.

$72,771 - $159,722
$73K
$110K
$160K
MEDIAN: $113,912
10%
50%
90%

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

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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.
)
$0$70K$140K$210K
Salary
$72,771 - $159,722  
   
Bonus
$4,018 - $39,694  
Profit Sharing
$1,468 - $26,553  
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).
)
$73,006 - $187,630  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 300
© PayScale, Inc. @ www.payscale.com
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
$4,018 - $39,694  
   
Profit Sharing
$1,468 - $26,553  
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).
)
$73,006 - $187,630  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 5
© PayScale, Inc. @ www.payscale.com

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United States (change)

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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

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

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Popular Skills for Director, Risk Management / Risk Control


Overall, survey participants reported applying a fair number of skills to their work. 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 and Regulatory Compliance as skills, on the other hand, should be prepared for drastically lower pay. 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.


The relatively untested earn a median of $85K per year, but survey respondents who have racked up five to 10 years of experience report a six-figure median of $102K. Directors of Risk Management who work for 10 to 20 years in their occupation tend to earn about $132K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Directors of Risk Management report making only $130K on average.

Pay Difference by Location

National Average: $121,188

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

Boston offers some of the highest pay in the country for Directors of Risk Management, 47 percent above the national average. Directors of Risk Management can also look forward to large paychecks in cities like New York (+41 percent), San Francisco (+22 percent), Charlotte (+19 percent), and Cleveland (+17 percent). The lowest-paying market is Atlanta, which sits 3 percent below the national average.

Related Job Salaries

Key Stats for Director, Risk Management / Risk Control

Gender

Female
48 %
Male
52 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 55 votes.
Less than 1 year
1%
1-4 years
7%
5-9 years
21%
10-19 years
43%
20 years or more
29%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Director, Risk Management / Risk Control Salaries

▲9%

▲7%

National Average
$121,000

▼16%

▼30%

Skills That Affect Director, Risk Management / Risk Control Salaries

Security Risk Management
▲11%

National Average
$121,000


▼2%

Claim Handling
▼3%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 55 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
21%
10-19 years
43%
20 years or more
29%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 85%
vision benefits
Vision: 78%
dental benefits
None: 6%
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