Risk Management Director Salary

Wages for Risk Management Directors in the United States are generous, with average pay above six figures ($117K) per year. Cash earnings for Risk Management Directors — including $51K in bonuses and $24K in profit sharing proceeds near the top of the pay scale — generally stretch from $72K to $192K depending on individual performance. Location and experience level each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Women Risk Management Directors who took the survey just slightly outnumber men. The majority of workers are highly satisfied with their job. This report is based on answers to PayScale's salary questionnaire.

$72,025 - $162,861
$72K
$120K
$160K
MEDIAN: $117,466
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
$72,025 - $162,861  
   
Bonus
$4,868 - $50,502  
Profit Sharing
$-0.50 - $24,240  
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).
)
$72,222 - $191,794  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 113

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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

  • Oversee staff operations, business planning and budget development.
  • Direct staff in effective and efficient use of programs that promote quality processes.
  • Examine and analyze risk data to determine potential loss.
  • Plan and direct the risk management program.

Risk Management Director Job Listings

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Popular Skills for Risk Management Director


Risk Management Directors report a narrow range of specific skills. Most notably, skills in Risk Management / Risk Control, Insurance, Regulatory Compliance, and Safety Compliance are correlated to pay that is above average. Those listing Safety Compliance and Regulatory Compliance as skills, on the other hand, should be prepared for drastically lower pay. Risk Management / Risk Control is a skill commonly found among those who know Insurance.

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: $125,531

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

New York is home to an above-average pay rate for Risk Management Directors, 49 percent higher than the national average. Risk Management Directors will also find cushy salaries in Houston (+9 percent) and Los Angeles (+5 percent). Falling short of the national average by 11 percent, the area with the worst salaries is Chicago.

Related Job Salaries

Key Stats for Risk Management Director

Gender

Female
53 %
Male
47 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.
1-4 years
9%
5-9 years
16%
10-19 years
41%
20 years or more
34%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Management Director Salaries

▲15%

▲4%

▲3%

National Average
$126,000

Entry-Level
▼28%

Skills That Affect Risk Management Director Salaries

Risk Management / Risk Control
▼0%

National Average
$126,000

▼1%

Regulatory Compliance
▼8%

Safety Compliance
▼23%

Job Satisfaction

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

Gender

Female
53 %
Male
47 %

Years of Experience

1-4 years
9%
5-9 years
16%
10-19 years
41%
20 years or more
34%

Common Health Benefits

medical benefits
Medical: 98%
dental benefits
Dental: 90%
vision benefits
Vision: 80%
no benefits
None: 2%