On average, Senior Risk Managers in the United States earn six-figure salaries ($116K) annually, making for a very well-paid profession. Final cash compensation to Senior Risk Managers varies from around $76K to approximately $178K; choice pay grades include potential for bonuses and profit sharing as high as $26K and $99K, respectively. The most influential factor affecting pay for this group is geography, though the specific employer and experience level have a (lesser) impact as well. Job satisfaction for Senior Risk Managers is high. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a large number. Women are just slightly outnumbered, with male Senior Risk Managers making up 59 percent of survey respondents. The numbers in this rundown were provided by PayScale's salary survey participants.

$73,847 - $155,535
$74K
$120K
$160K
MEDIAN: $115,973
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$60K$120K$180K
Salary
$73,847 - $155,535  
   
Bonus
$4,889 - $25,961  
Profit Sharing
$0.00 - $98,633  
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).
)
$75,516 - $177,979  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 231

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United States (change)

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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.

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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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Senior Risk Managers' salary tends to stay somewhat level for those who assume higher-end positions like Director of Risk Management. Median pay for Directors of Risk Management is $119K.

Senior Risk Manager Job Listings

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Popular Employer Salaries for Senior Risk Manager


Senior Risk Managers seeking a sizable paycheck can earn the most at Deloitte & Touche LLP, where the average salary comes to $165K.

Pay by Experience Level for Senior Risk Manager

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


Experience and pay tend to be weakly linked for Senior Risk Managers — those with more experience do not necessarily bring in higher earnings. Substantial, six-figure paychecks show up early in this area; folks who have worked for fewer than five years report earning a median of $113K. Senior Risk Managers bring in $129K after working for 10 to 20 years. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $146K.

Pay Difference by Location

National Average: $124,229

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

Norwalk is home to an above-average pay rate for Senior Risk Managers, 38 percent higher than the national average. Senior Risk Managers can also look forward to large paychecks in cities like San Francisco (+24 percent), Washington (+24 percent), New York (+19 percent), and Houston (+18 percent). Senior Risk Managers in Salt Lake City take home the lowest salaries, earning a whopping 28 percent less than the national average. Below-median salaries also turn up in Columbus and Atlanta (24 percent lower and 20 percent lower, respectively).

Related Job Salaries

Key Stats for Senior Risk Manager

Gender

Female
41 %
Male
59 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.
052
Less than 1 year
1%
1-4 years
6%
5-9 years
23%
10-19 years
52%
20 years or more
19%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Risk Manager Salaries




National Average
$124,000

Entry-Level
up arrow 9%

Skills That Affect Senior Risk Manager Salaries

Security Risk Management
up arrow 23%

Financial Modeling
up arrow 21%

Financial Analysis
up arrow 20%



Internal Audit
up arrow 4%

National Average
$124,000


SAS
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
1%
1-4 years
6%
5-9 years
23%
10-19 years
52%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 85%
vision benefits
Vision: 82%
dental benefits
None: 5%
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