Risk Management Directors in the United States can expect to earn a very comfortable salary, with average salaries (in the ballpark of $116K) surpassing six figures annually. Total cash earnings of Risk Management Directors range from $75K on the low end to $189K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $50K and $23K, respectively. Residence is the biggest factor affecting pay for this group, followed by experience level. Nearly all report receiving medical coverage from their employers and almost all 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 overview is based on answers to PayScale's salary questionnaire.

$75,580 - $160,665
$76K
$120K
$160K
MEDIAN: $115,935
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
$75,580 - $160,665  
   
Bonus
$4,868 - $49,774  
Profit Sharing
$0.00 - $23,000  
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).
)
$75,384 - $188,852  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 132

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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.

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Popular Skills for Risk Management Director


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 as skills, however, tend to be associated with significantly smaller paychecks. Aptitude in Insurance tends to also indicate an understanding of Risk Management / Risk Control.

Pay by Experience Level for Risk Management Director

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


Inexperienced workers earn around $96K, but people who have been around for five to 10 years pull down a much higher average of $121K. The average pay reported by folks with 10 to 20 years of experience is around $143K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $127K.

Related Job Salaries

Key Stats for Risk Management Director

Gender

Female
51 %
Male
49 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.
038
1-4 years
9%
5-9 years
16%
10-19 years
37%
20 years or more
39%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Management Director Salaries

Experienced
up arrow 15%

Late-Career
up arrow 3%

National Average
$124,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 22%

Skills That Affect Risk Management Director Salaries

Risk Management / Risk Control
0%

National Average
$124,000


Regulatory Compliance
up arrow 7%

Safety Compliance
up arrow 22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

1-4 years
9%
5-9 years
16%
10-19 years
37%
20 years or more
39%

Common Health Benefits

medical benefits
Medical: 98%
dental benefits
Dental: 91%
vision benefits
Vision: 82%
dental benefits
None: 2%
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