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Senior Risk Manager Salary

Six-figure salaries are the norm for Senior Risk Managers in the United States, with median pay hovering around $128K per year. Cash earnings for Senior Risk Managers — which occasionally include more than $35K from bonuses and more than $15K from profit sharing — stretch from around $78K to approximately $178K. Residence is the biggest factor affecting pay for this group, followed by career duration. Male Senior Risk Managers are more prevalent than women among those who took the survey — 63 percent of professionals. Medical benefits are awarded to nearly all, and most earn dental coverage. Most workers in this position report high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
$73,413 - $153,995
(Median)
$73K
$110K
$150K
MEDIAN: $111,857
10%
50%
90%

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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
$73,413 - $153,995  
   
Bonus
$3,394 - $34,559  
Profit Sharing
$2,048 - $15,000  
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).
)
$77,575 - $178,434  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 397
United States (change)

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.

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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

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Senior Risk Managers only report a few specific skills. Most notably, skills in Financial Modeling, Data Analysis, Regulatory Compliance, and Risk Management / Risk Control are correlated to pay that is above average, with boosts between 5 percent and 17 percent. Skills that are correlated to lower pay, on the other hand, include 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.


Salaries for the relatively untried average out to around $96K, but survey participants with five to 10 years of experience earn a significantly higher median of $127K. For Senior Risk Managers, 10 to 20 years of experience on the job amounts to an average salary of $135K. For some reason, Senior Risk Managers with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $125K.

Pay Difference by Location


Surpassing the national average by 22 percent, Senior Risk Managers in Washington receive some of the highest pay in the country. Senior Risk Managers can also look forward to large paychecks in cities like San Francisco (+22 percent), New York (+13 percent), Chicago (+8 percent), and Boston (+7 percent). Senior Risk Managers' salaries are heavily influenced by location — Senior Risk Managers in Atlanta bring in salaries that are 22 percent lower than the national average. Employers in Dallas and Houston also lean toward paying below-median salaries (13 percent lower and 11 percent lower, respectively).

Related Job Salaries

Experience Affects Senior Risk Manager Salaries


Mid-Career
0%

National Average
$128,000

Late-Career
up arrow 2%

Entry-Level
up arrow 25%

Skills That Affect Senior Risk Manager Salaries

Financial Modeling
up arrow 17%

Data Analysis
up arrow 9%

Regulatory Compliance
up arrow 5%

Risk Management / Risk Control
up arrow 3%

National Average
$128,000

SAS
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 87 votes.

Gender

Female
38 %
Male
63 %

Years of Experience

1-4 years
6%
5-9 years
24%
10-19 years
53%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 84%
vision benefits Vision: 74% employee benefits None: 7%