Director, Risk Management / Risk Control Salary

Salaries for Directors of Risk Management in the United States are generous, with average pay above six figures ($112K) per year. In the world of Directors of Risk Management, overall income ranges from $72K near the bottom to $187K at the top; this can include more than $36K from bonuses and more than $33K from profit sharing in exceptional cases. Residence and experience level each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. The majority of workers are highly satisfied with their job. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent.

$71,689 - $161,583
$72K
$110K
$160K
MEDIAN: $112,346
10%
50%
90%

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$0$187K
Salary $71,689 - $161,583
Bonus $3,371 - $35,872
Profit Sharing $1,479 - $32,944
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).
)
$72,010 - $187,396
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 336

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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.

Director, Risk Management / Risk Control Job Listings

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. Safety Compliance and Regulatory Compliance as skills, however, tend to be associated with significantly smaller paychecks. Those familiar with Regulatory Compliance also tend to know Insurance.

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

Pay by Experience for a Director, Risk Management / Risk Control has a positive trend. An entry-level Director, Risk Management / Risk Control with less than 5 years of experience can expect to earn an average total compensation of $85,000 based on 49 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Director, Risk Management / Risk Control with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $102,000 based on 90 salaries. An experienced Director, Risk Management / Risk Control which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $132,000 based on 158 salaries. A Director, Risk Management / Risk Control with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $130,000 based on 88 salaries.

Pay Difference by Location

National Average: $120,445

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

Home to some of the best pay for Directors of Risk Management, Boston offers exceptional salaries, 48 percent above the national average. Directors of Risk Management will also find cushy salaries in New York (+42 percent), San Francisco (+22 percent), Charlotte (+20 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
53 %
Male
47 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.
Less than 1 year
1%
1-4 years
7%
5-9 years
18%
10-19 years
45%
20 years or more
29%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Director, Risk Management / Risk Control Salaries

▲10%

▲8%

National Average
$120,000

▼15%

▼29%

Skills That Affect Director, Risk Management / Risk Control Salaries

Security Risk Management
▲12%

National Average
$120,000


▼2%

Claim Handling
▼2%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
18%
10-19 years
45%
20 years or more
29%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 83%
vision benefits
Vision: 77%
no benefits
None: 7%
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