Risk Management Director Salary

On average, Risk Management Directors in the United States earn six-figure salaries ($115K) annually, making for a very well-paid profession. Total cash compensation to Risk Management Directors approaches anywhere from $72K on the lower end to $189K on the higher end; in exceptional cases, this can include more than $51K from bonuses and upwards of $24K from profit sharing. Geography and career duration each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. This overview is based on answers to PayScale's salary questionnaire.

$71,712 - $163,299
$72K
$120K
$160K
MEDIAN: $115,179
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
$71,712 - $163,299  
   
Bonus
$4,924 - $51,059  
Profit Sharing
$-0.50 - $24,468  
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).
)
$71,921 - $188,829  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 109

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United States (change)

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Job Description for Risk Management Director

Risk management directors are responsible for overseeing a company's policies and procedures to ensure compliance with local, state, and federal laws, as well as ensuring that the company complies with internal and external auditing.

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Risk Management Director 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 Risk Management Director


Survey takers who work as Risk Management Directors usually report a few specific skills. Most notably, skills in Risk Management / Risk Control, Insurance, Regulatory Compliance, and Safety Compliance are correlated to pay that is above average. Safety Compliance and Regulatory Compliance, on the other hand, are typically associated with much lower pay. Employees educated in Insurance are typically practiced in Risk Management / Risk Control, too.

Pay by Experience Level for Risk Management Director

Pay by Experience for a Risk Management Director has a positive trend. An entry-level Risk Management Director with less than 5 years of experience can expect to earn an average total compensation of $91,000 based on 21 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Risk Management Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $129,000 based on 35 salaries. An experienced Risk Management Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $144,000 based on 60 salaries. A Risk Management Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $131,000 based on 40 salaries.

Pay Difference by Location

National Average: $123,698

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

For Risk Management Directors, working in the bustling city of New York has its advantages, including an above-average pay rate. Risk Management Directors will also find cushy salaries in Houston (+11 percent) and Los Angeles (+7 percent). Those in the field find the lowest salaries in Chicago, 9 percent below the national average.

Related Job Salaries

Key Stats for Risk Management Director

Gender

Female
55 %
Male
45 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.
1-4 years
9%
5-9 years
16%
10-19 years
44%
20 years or more
31%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Management Director Salaries

▲16%

▲6%

▲4%

National Average
$124,000

Entry-Level
▼27%

Skills That Affect Risk Management Director Salaries

Risk Management / Risk Control
▲2%

▼0%

National Average
$124,000

Regulatory Compliance
▼7%

Safety Compliance
▼22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

1-4 years
9%
5-9 years
16%
10-19 years
44%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 98%
dental benefits
Dental: 89%
vision benefits
Vision: 80%
no benefits
None: 2%
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