Risk Management Manager Salary

A Risk Management Manager earns an average salary of $91,814 per year. A skill in Regulatory Compliance is associated with high pay for this job. Pay for this job rises steadily for more experienced workers, but goes down noticeably for employees with more than 20 years' experience.

$57,038 - $136,420
$57K
$92K
$140K
MEDIAN: $91,814
10%
50%
90%

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$15.21 - $59.18
$15
$28
$59
MEDIAN: $28.00
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$50K$100K$150K
Salary
$57,038 - $136,420  
   
Bonus
$1,966 - $25,530  
Profit Sharing
$0.00 - $11,150  
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).
)
$54,879 - $147,972  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 233
National Hourly Rate 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$25$50$75
Hourly Rate
$15.21 - $59.18  
   
Overtime
$30.00  
National Annualized 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$50K$100K$150K
Bonus
$1,966 - $25,530  
   
Profit Sharing
$0.00 - $11,150  
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).
)
$54,879 - $147,972  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 11

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Risk Management Manager

Risk management managers are in charge of managing a group of analysts to identify and eliminate business risks for their organization. They are responsible for conducting risk assessments and creating business reports for future decision-making tasks. Risk management managers use their expertise and analytical abilities to transform risk analysis into tangible results and/or business recommendations; they convey this complex information to managers in their organization, interpreting data in a reliable and understandable manner. These managers identify possible financial opportunities to solve business obstacles and improve efficiency, as well as assist with the implementation of business strategies and help with planning using previous feedback. They must create strong business relationships with internal departments and ensure process integrity by setting up strict business requirements and eliminating risk as needed.

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Risk Management Manager Tasks

  • Identify, assess, and prioritize risks.
  • Coordinate economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities from risk.

Common Career Paths for Risk Management Manager


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Risk Management Manager Job Listings

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Popular Skills for Risk Management Manager

Pay by Experience Level for Risk Management Manager

Pay by Experience for a Risk Management Manager has a positive trend. An entry-level Risk Management Manager with less than 5 years of experience can expect to earn an average total compensation of $76,000 based on 75 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Risk Management Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $89,000 based on 79 salaries. An experienced Risk Management Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $121,000 based on 98 salaries. A Risk Management Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $105,000 based on 64 salaries.

Pay Difference by Location

National Average: $96,132

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

Related Job Salaries

Key Stats for Risk Management Manager

Gender

Female
55 %
Male
45 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.
Less than 1 year
2%
1-4 years
20%
5-9 years
24%
10-19 years
29%
20 years or more
26%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Management Manager Salaries

▲26%

▲10%

National Average
$96,000

▼7%

▼21%

Skills That Affect Risk Management Manager Salaries


Risk Management / Risk Control
▼0%

National Average
$96,000

▼2%

Claim Handling
▼22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
2%
1-4 years
20%
5-9 years
24%
10-19 years
29%
20 years or more
26%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 82%
vision benefits
Vision: 76%
no benefits
None: 7%