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Director, Risk Management / Risk Control Salary

Directors of Risk Management in the United States can look forward to a sizeable six-figure salary — around $114K per year on average. Cash earnings for Directors of Risk Management — including $41K in bonuses and $20K in profit sharing proceeds near the top of the pay scale — generally stretch from $80K to $191K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by experience level. Nearly all have medical and dental plans, and more than half have vision insurance. Job satisfaction is high and work is enjoyable for most Directors of Risk Management. Most people who answered the questionnaire are men; 62 percent of Directors of Risk Management are male. The information for this snapshot was generated by responses to the PayScale salary survey.

$76,943 - $162,803
(Median)
$77K
$110K
$160K
MEDIAN: $113,601
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
$76,943 - $162,803  
   
Bonus
$2,534 - $40,669  
Profit Sharing
$1,957 - $19,866  
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).
)
$79,570 - $191,133  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 313

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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


Survey takers who work as Directors of Risk Management report a focused set of job skills. Fortunate workers who know Regulatory Compliance can expect a significant pay bump, scoring salaries 25 percent above average. At the other end of the pay range are skills like Insurance. Regulatory Compliance and Risk Management / Risk Control are also commonly seen together.

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 generally obtain higher compensation for more plentiful past experience. Although individuals who have less than five years' experience earn $86K on average, people with five to 10 years benefit from a notably larger average of $124K. People with 10 to 20 years of experience make an average of about $128K in this role. Directors of Risk Management with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $132K.

Related Job Salaries

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Experience Affects Director, Risk Management / Risk Control Salaries

Late-Career
up arrow 7%


Mid-Career
0%

National Average
$124,000

Entry-Level
up arrow 31%

Skills That Affect Director, Risk Management / Risk Control Salaries


Risk Management / Risk Control
up arrow 2%

National Average
$124,000

Insurance
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
17%
10-19 years
44%
20 years or more
29%

Common Health Benefits

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