What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Senior Risk Manager Salary

Senior Risk Managers in the United States can look forward to a sizeable six-figure salary — around $113K per year on average. In the world of Senior Risk Managers, overall income ranges from $79K near the bottom to $176K at the top; this can include more than $34K from bonuses and more than $15K from profit sharing in exceptional cases. Compensation for this group is mainly affected by residence, but years of experience and the specific company are influential factors as well. Work is enjoyable for Senior Risk Managers, who typically claim high levels of job satisfaction. Medical benefits are awarded to nearly all, and most earn dental coverage. The majority of Senior Risk Managers (61 percent) who took the survey are men. Participants in PayScale's salary questionnaire provided the particulars of this report.

$75,123 - $153,867
(Median)
$75K
$110K
$150K
MEDIAN: $113,263
10%
50%
90%

Add this chart to your site: 640px    300px

$14.95 - $124.16
(Median)
$15
$43
$120
MEDIAN: $43.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$75,123 - $153,867  
   
Bonus
$3,020 - $34,125  
Profit Sharing
$2,952 - $14,899  
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).
)
$79,365 - $176,311  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 398
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$14.95 - $124.16  
   
Overtime
$-0.50 - $89.40  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$3,020 - $34,125  
   
Profit Sharing
$2,952 - $14,899  
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).
)
$79,365 - $176,311  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 10

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Senior Risk Manager

Senior risk managers identify the risks to which a business is exposed and find ways to adequately eliminate or mitigate those risks.

Read More...

Senior Risk Manager Tasks

  • Write reports and inform senior management of risks identified and resolved.
  • Ensure processes for reporting and managing risks are followed.
  • Identify and mitigate risks to a company’s assets, reputation, and interests.
  • Manage company insurance policies and strategies for reducing liability.

Senior Risk Manager Job Listings

Search for more jobs:

Popular Employer Salaries for Senior Risk Manager



Survey results show that Senior Risk Managers typically report just a few professional skills. Most notably, skills in Financial Modeling, Regulatory Compliance, Risk Management / Risk Control, and SAS are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis and SAS. Aptitude in Regulatory Compliance tends to also indicate an understanding of Risk Management / Risk Control.

Pay by Experience Level for Senior Risk Manager

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


Those in the early stages of their career can expect to make around $96K; however, individuals with five to 10 years of experience bring in $129K on average — a distinctly larger sum. Senior Risk Managers see a median salary of $135K after reaching one to two decades on the job. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $124K.

Pay Difference by Location


With a pay rate for Senior Risk Managers that is 25 percent greater than the national average, Washington offers a comfortable salary for those in this profession. Senior Risk Managers can also look forward to large paychecks in cities like San Francisco (+21 percent), New York (+10 percent), Columbus (+8 percent), and Chicago (+7 percent). One of the biggest compensable factors for Senior Risk Managers is geography, with workers in Atlanta earning a whopping 22 percent below the national average. Employers also pay below the national average in Dallas (15 percent lower) and Houston (12 percent lower).

Related Job Salaries

United States (change)

Experience Affects Senior Risk Manager Salaries


Mid-Career
0%

National Average
$128,000

Late-Career
up arrow 3%

Entry-Level
up arrow 26%

Skills That Affect Senior Risk Manager Salaries

Financial Modeling
up arrow 17%

Regulatory Compliance
up arrow 4%

Risk Management / Risk Control
up arrow 2%

National Average
$128,000

SAS
up arrow 7%

Data Analysis
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 76 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

1-4 years
5%
5-9 years
26%
10-19 years
51%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 83%
vision benefits Vision: 74% employee benefits None: 7%
ADVERTISEMENT