Director, Risk Management / Risk Control Salary

Average pay for a Director of Risk Management in the United States is considerable, rounding six figures at $115K per year. Total cash compensation to Directors of Risk Management approaches anywhere from $80K on the lower end to $193K on the higher end; in exceptional cases, this can include more than $41K from bonuses and upwards of $20K from profit sharing. Location is the biggest factor affecting pay for this group, followed by career length. Medical benefits are awarded to nearly all, and most earn dental coverage. Most Directors of Risk Management like their work and job satisfaction is high. Directors of Risk Management who participated in the survey are largely men, dominating at 61 percent. Respondents to the PayScale salary survey provided the data for this report.

$77,730 - $162,809
(Median)
$78K
$110K
$160K
MEDIAN: $114,946
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
$77,730 - $162,809  
   
Bonus
$2,522 - $40,816  
Profit Sharing
$1,939 - $20,426  
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).
)
$80,141 - $192,640  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 306
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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


Job skills reported by Directors of Risk Management are limited. Fortunate workers who know Regulatory Compliance can expect a significant pay bump, scoring salaries 23 percent above average. Safety Compliance and Insurance, on the other hand, are typically associated with much lower pay. Risk Management / Risk Control is a skill commonly found among those who know Regulatory Compliance.

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

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


Experience is an important factor influencing the compensation of Directors of Risk Management. The relatively untested earn a median of $87K per year, but survey respondents who have racked up five to 10 years of experience report a six-figure median of $120K. Directors of Risk Management claiming one to two decades of experience make an estimated median of $130K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $133K.

Pay Difference by Location


Surpassing the national average by 46 percent, Directors of Risk Management in New York receive some of the highest pay in the country. Directors of Risk Management will also find cushy salaries in Charlotte (+16 percent) and Chicago (+12 percent). The smallest paychecks in the market, 14 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
$124,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 30%

Skills That Affect Director, Risk Management / Risk Control Salaries


Risk Management / Risk Control
up arrow 2%

Security Risk Management
up arrow 1%

National Average
$124,000

Insurance
up arrow 9%

Safety Compliance
up arrow 22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 60 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
17%
10-19 years
45%
20 years or more
30%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 85%
vision benefits Vision: 71% employee benefits None: 7%
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