Salaries for Senior Risk Managers in the United States average out at around $117K per year, but Norwalk employers pay the most, offering approximately $172K on average. Senior Risk Managers will also find cushy salaries in San Francisco (+25 percent), Washington (+22 percent), New York (+17 percent), and Houston (+16 percent). This report is based on answers to PayScale's salary questionnaire.

$75,050 - $159,480
MEDIAN: $116,566

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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.
$75,050 - $159,480  
$4,530 - $28,971  
Profit Sharing
$0.00 - $96,958  
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).
$75,832 - $181,637  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 233

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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.


Senior Risk Manager Tasks

  • 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.
  • Write reports and inform senior management of risks identified and resolved.

Common Career Paths for Senior Risk Manager

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For Senior Risk Managers, career advancements do not tend to correlate with a rise in salary. On average, lower-level Senior Risk Managers earn similar salaries to those in higher-end positions like Director of Risk Management.

Senior Risk Manager Job Listings

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Popular Employer Salaries for Senior Risk Manager

Pay by Experience Level for Senior Risk Manager

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

For many Senior Risk Managers, extensive experience does not lead to significantly more money. Substantial, six-figure paychecks show up early in this area; folks who have worked for fewer than five years report earning a median of $114K. Senior Risk Managers bring in $129K after working for 10 to 20 years. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $147K.

Pay Difference by Location

National Average: $125,717

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

Related Job Salaries

Years in Fields/Career:
United States (change)

Experience Affects Senior Risk Manager Salaries

National Average

up arrow 9%

Skills That Affect Senior Risk Manager Salaries

Security Risk Management
up arrow 22%

Financial Modeling
up arrow 19%

Financial Analysis
up arrow 19%

Internal Audit
up arrow 2%

National Average

Data Analysis
up arrow 3%

up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.


42 %
58 %

Years of Experience

Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 84%
medical benefits
Vision: 79%
dental benefits
None: 5%