Director, Risk Management / Risk Control Salary

Directors of Risk Management in the United States see excellent average salaries — about $118K annually. In the world of Directors of Risk Management, overall income ranges from $82K near the bottom to $198K at the top; this can include more than $46K from bonuses and more than $26K from profit sharing in exceptional cases. Geography and tenure each impact pay for this group, with the former having the largest influence. Work is enjoyable for Directors of Risk Management, who typically claim high levels of job satisfaction. Male Directors of Risk Management are more prevalent than women among those who took the survey — 62 percent of professionals. A large number report receiving medical coverage from their employers and most collect dental insurance. Respondents to the PayScale salary survey provided the data for this report.

$78,450 - $164,991
MEDIAN: $118,486

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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.
$78,450 - $164,991  
$2,993 - $45,551  
Profit Sharing
$1,957 - $26,179  
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).
$81,922 - $197,946  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 338
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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.


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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Popular Skills for

Survey results imply that Directors of Risk Management put a diverse skill set to use. Most notably, skills in Regulatory Compliance, Security Risk Management, Risk Management / Risk Control, and Safety Compliance are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Insurance. Those familiar with Regulatory Compliance also tend to know Insurance.

Pay by Experience Level for

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Whereas the median salary for inexperienced employees is approximately $89K, incomes in the five-to-10 year group are significantly higher, averaging to the comfortable six-figure sum of $122K. On average, Directors of Risk Management make $138K following one to two decades on the job. Directors of Risk Management who claim more than two decades of experience actually make somewhat smaller average paychecks of $135K.

Pay Difference by Location

For Directors of Risk Management, New York provides a pay rate that is 40 percent greater than the national average. Directors of Risk Management will also find cushy salaries in Chicago (+19 percent) and Charlotte (+18 percent). Houston ranks last in the field for pay, reporting salaries 15 percent below the national average.

Related Job Salaries

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Experience Affects Salaries

National Average

up arrow 5%

up arrow 31%

Skills That Affect Salaries

Security Risk Management
up arrow 4%

Risk Management / Risk Control
up arrow 3%

National Average

Safety Compliance
up arrow 2%

up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 69 votes.


38 %
62 %

Years of Experience

Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 85%
vision benefits Vision: 73% employee benefits None: 6%