Director, Risk Management / Risk Control Salary

Wages for Directors of Risk Management in the United States are generous, with average pay above six figures ($120K) per year. Total cash compensation for Directors of Risk Management runs from $82K to $199K depending on bonuses that can occasionally exceed $47K and profit sharing that can reach almost $27K. Geographic location is the biggest factor affecting pay for this group, followed by experience level. For the most part, Directors of Risk Management enjoy their work and report high levels of job satisfaction. Men make up the majority of Directors of Risk Management (63 percent) survey respondents. Most get medical and dental insurance, and a strong majority get vision plans, too. Participants in PayScale's salary questionnaire provided the particulars of this report.

$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 diverse set of skills 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. Most people 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.


Inexperienced workers earn around $89K, but people who have been around for five to 10 years pull down a much higher average of $125K. On average, Directors of Risk Management make $140K following one to two decades on the job. Individuals who report more than two decades of experience seem to make about the same as folks in the 10-to-20 year range.

Pay Difference by Location

National Average: $131,958

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

Home to some of the best pay for Directors of Risk Management, New York offers exceptional salaries, 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). The smallest paychecks in the market, 18 percent south of the national average, can be found in Houston.

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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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