Director, Risk Management / Risk Control Salary

Directors of Risk Management in the United States can look forward to a sizeable six-figure salary — around $116K per year on average. In the world of Directors of Risk Management, overall income ranges from $80K near the bottom to $192K at the top; this can include more than $41K from bonuses and more than $20K from profit sharing in exceptional cases. Geography is the biggest factor affecting pay for this group, followed by experience level. The majority of workers are highly satisfied with their job. Medical benefits are awarded to nearly all, and most earn dental coverage. There are more male Directors of Risk Management than female among those who completed the questionnaire, making up 62 percent. Participants in PayScale's salary questionnaire provided the particulars of this report.

$77,427 - $162,550

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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
$77,427 - $162,550  
   
Bonus
$2,528 - $40,780  
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).
)
$80,338 - $192,474  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 309
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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 usually report a few specific skills. Most notably, facility with Regulatory Compliance and Security Risk Management are correlated to pay that is significantly above average, leading to increases of 23 percent and 8 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Safety Compliance and Insurance. Those proficient in Regulatory Compliance are, more often than not, also skilled in Insurance.

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. Whereas the median salary for inexperienced employees is approximately $88K, incomes in the five-to-10 year group are significantly higher, averaging to the comfortable six-figure sum of $120K. The average pay reported by folks with 10 to 20 years of experience is around $132K. Directors of Risk Management who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $133K.

Pay Difference by Location


For Directors of Risk Management, busy New York offers a higher-than-average pay rate, 45 percent above the national average. Directors of Risk Management will also find cushy salaries in Charlotte (+15 percent) and Chicago (+11 percent). In Houston, salaries are 14 percent below the national average and represent the lowest-paying market.

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Experience Affects Director, Risk Management / Risk Control Salaries



National Average
$125,000

Mid-Career
up arrow 4%

Entry-Level
up arrow 30%

Skills That Affect Director, Risk Management / Risk Control Salaries


Security Risk Management
up arrow 8%

Risk Management / Risk Control
up arrow 2%

National Average
$125,000

Insurance
up arrow 9%

Safety Compliance
up arrow 16%

Job Satisfaction

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

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
17%
10-19 years
45%
20 years or more
29%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 85%
vision benefits Vision: 71% employee benefits None: 7%
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