Average pay for Directors of Risk Management in the United States is more than reasonable, with annual salaries pushing past the six-figure mark ($117K). With some bonuses approaching $49K and certain profit sharing proceeds approaching $20K, overall incomes of Directors of Risk Management spread between $78K and $197K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by experience level. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Male Directors of Risk Management are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 58 percent of the field. Most Directors of Risk Management like their work and job satisfaction is high.

$76,209 - $164,166
(Median)
$76K
$120K
$160K
MEDIAN: $117,351
10%
50%
90%

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$26.50 - $72.00
(Median)
$
$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
$76,209 - $164,166  
   
Bonus
$5,093 - $48,645  
Profit Sharing
$1,000 - $20,000  
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).
)
$78,095 - $196,690  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 284
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
$5,093 - $48,645  
   
Profit Sharing
$1,000 - $20,000  
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).
)
$78,095 - $196,690  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 5
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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 Security Risk Management, Risk Management / Risk Control, Insurance, and Regulatory Compliance are correlated to pay that is above average. Safety Compliance and Claim Handling as skills, however, tend to be associated with significantly smaller paychecks. The majority of those who know Regulatory Compliance also know Insurance.

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

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


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Relatively untried employees who have less than five years' experience make $87K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $111K. The average pay reported by folks with 10 to 20 years of experience is around $131K. 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.

Pay Difference by Location

National Average: $126,126

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

Surpassing the national average by 52 percent, Directors of Risk Management in New York receive some of the highest pay in the country. Directors of Risk Management can also look forward to large paychecks in cities like Chicago (+39 percent), Boston (+31 percent), San Francisco (+19 percent), and Charlotte (+14 percent). The lowest-paying market is Atlanta, which sits 7 percent below the national average.

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Experience Affects Director, Risk Management / Risk Control Salaries



National Average
$126,000


Entry-Level
up arrow 31%

Skills That Affect Director, Risk Management / Risk Control Salaries

Security Risk Management
up arrow 7%

Risk Management / Risk Control
up arrow 1%

National Average
$126,000

Insurance
up arrow 2%

Regulatory Compliance
up arrow 3%

Claim Handling
up arrow 7%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 49 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
1%
1-4 years
6%
5-9 years
18%
10-19 years
45%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 85%
medical benefits
Vision: 75%
dental benefits
None: 6%
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