Director, Risk Management / Risk Control Salary

Directors of Risk Management enjoy a hefty income, with average pay passing six figures ($120K) annually in the United States. In the world of Directors of Risk Management, overall cash allowance can occasionally include more than $47K from bonuses and, in some exceptional cases, $27K from profit sharing, causing incomes to vary widely between $82K and $199K. Location is the biggest factor affecting pay for this group, followed by experience level. The majority of workers are highly satisfied with their job. The majority of Directors of Risk Management (63 percent) survey respondents are male. In this profession, most enjoy medical and dental coverage, and a strong majority have vision insurance, as well.

$78,255 - $168,760
(Median)
$78K
$120K
$170K
MEDIAN: $119,593
10%
50%
90%

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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
$78,255 - $168,760  
   
Bonus
$3,576 - $46,945  
Profit Sharing
$1,939 - $26,791  
Commission
$6,500  
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).
)
$81,878 - $198,852  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 354
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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


Directors of Risk Management report using a pretty varied skill set on the job. Most notably, skills in Regulatory Compliance, Security Risk Management, Risk Management / Risk Control, and Safety Compliance are correlated to pay that is above average. At the other end of the pay range are skills like Insurance and Safety Compliance. Those educated in Regulatory Compliance tend to be well versed 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.


Professionals with less than five years' experience earn a median of $89K annually, but folks with five to 10 years under their belts report a weighty six-figure median of $125K. The average pay reported by folks with 10 to 20 years of experience is around $140K. Folks who have racked up more than 20 years in the field report incomes that aren't higher than less experienced individuals' earnings.

Pay Difference by Location

National Average: $131,958

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

New York offers some of the highest pay in the country for Directors of Risk Management, 41 percent above the national average. Directors of Risk Management can also look forward to large paychecks in cities like Chicago (+17 percent), Washington (+14 percent), Charlotte (+9 percent), and Boston (+6 percent). Houston ranks last in the field for pay, reporting salaries 18 percent below the national average.

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Experience Affects Director, Risk Management / Risk Control Salaries



National Average
$132,000

Mid-Career
up arrow 5%

Entry-Level
up arrow 32%

Skills That Affect Director, Risk Management / Risk Control Salaries


Security Risk Management
up arrow 2%

Risk Management / Risk Control
up arrow 1%

National Average
$132,000

Safety Compliance
up arrow 5%

Insurance
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 74 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
15%
10-19 years
47%
20 years or more
30%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 85%
medical benefits
Vision: 72%
dental benefits
None: 6%
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