Senior Risk Manager Salary

Senior Risk Managers in the United States can expect to earn a very comfortable salary, with average salaries (in the ballpark of $114K) surpassing six figures annually. 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. The most important factor affecting compensation for this group is location, followed by years of experience and the particular employer. Most Senior Risk Managers report high levels of job satisfaction. The majority of Senior Risk Managers (60 percent) who took the survey are men. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The data in this summary comes from the PayScale salary survey.

$75,354 - $153,511
(Median)
$75K
$110K
$150K
MEDIAN: $113,650
10%
50%
90%

Add this chart to your site: 640px    300px

$15.05 - $123.29
(Median)
$15
$42
$120
MEDIAN: $42.00
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
$75,354 - $153,511  
   
Bonus
$3,004 - $33,867  
Profit Sharing
$3,000 - $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).
)
$78,664 - $175,716  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 396
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
$15.05 - $123.29  
   
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
$3,004 - $33,867  
   
Profit Sharing
$3,000 - $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).
)
$78,664 - $175,716  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 11
United States (change)

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



Senior Risk Managers report using a diverse set of skills on the job. Most notably, skills in Financial Modeling, Regulatory Compliance, Risk Management / Risk Control, and Internal Audit are correlated to pay that is above average. Those listing Data Analysis and SAS as skills, on the other hand, should be prepared for drastically lower pay. Those with knowledge of Regulatory Compliance tend to be skilled in Risk Management / Risk Control as well.

Pay by Experience Level for Senior Risk Manager

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


In this occupation, salaries for the relatively untested average out to $96K, but folks in the five-to-10 year range enjoy a much heftier median of $130K. Senior Risk Managers bring in $135K after working for 10 to 20 years. Senior Risk Managers who claim more than two decades of experience actually make somewhat smaller average paychecks of $126K.

Pay Difference by Location


For Senior Risk Managers, working in the bustling city of Norwalk has its advantages, including an above-average pay rate. Senior Risk Managers will also find cushy salaries in San Francisco (+21 percent), Washington (+20 percent), New York (+10 percent), and Chicago (+8 percent). Location is a huge contributor to overall pay, with Senior Risk Managers in Atlanta earning a whopping 21 percent below the national average. Dallas and Houston are a couple other places where companies are known to pay below the median — salaries are 15 percent lower and 14 percent lower, respectively.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Senior Risk Manager Salaries


Mid-Career
up arrow 2%

National Average
$128,000

Late-Career
up arrow 1%

Entry-Level
up arrow 25%

Skills That Affect Senior Risk Manager Salaries

Financial Modeling
up arrow 17%

Regulatory Compliance
up arrow 3%

Risk Management / Risk Control
up arrow 2%

Internal Audit
up arrow 2%

National Average
$128,000

SAS
up arrow 6%

Data Analysis
up arrow 33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 64 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
0%
1-4 years
6%
5-9 years
27%
10-19 years
49%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 84%
vision benefits Vision: 76% employee benefits None: 6%
ADVERTISEMENT