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Senior Risk Manager Salary

Wages for Senior Risk Managers in the United States are generous, with average pay above six figures ($113K) per year. Total cash compensation for Senior Risk Managers runs from $78K to $176K depending on bonuses that can occasionally exceed $34K and profit sharing that can reach almost $15K. The most influential factor affecting pay for this group is geographic location, though career length and the particular employer have a (lesser) impact as well. Job satisfaction is high and work is enjoyable for most Senior Risk Managers. Medical benefits are awarded to nearly all, and most earn dental coverage. Senior Risk Managers who participated in the survey are largely men, dominating at 60 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$74,607 - $153,805
(Median)
$75K
$110K
$150K
MEDIAN: $112,861
10%
50%
90%

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$14.95 - $124.16
(Median)
$15
$43
$120
MEDIAN: $43.00
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
$74,607 - $153,805  
   
Bonus
$3,025 - $34,084  
Profit Sharing
$2,944 - $14,933  
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).
)
$78,246 - $176,220  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 400
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
$3,025 - $34,084  
   
Profit Sharing
$2,944 - $14,933  
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).
)
$78,246 - $176,220  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 10

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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

  • 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‚Äôs assets, reputation, and interests.
  • Manage company insurance policies and strategies for reducing liability.

Senior Risk Manager Job Listings

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Popular Employer Salaries for Senior Risk Manager



Senior Risk Managers generally report applying a varied skill set to their work. Most notably, skills in Financial Modeling, Regulatory Compliance, Risk Management / Risk Control, and SAS are correlated to pay that is above average. At the other end of the pay range are skills like Data Analysis and SAS. It is not unusual for someone who knows Regulatory Compliance to be familiar with 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.


Although employees with less than five years' experience earn around $96K on average, the five-to-10 year group has a much higher, six-figure median of $128K. Senior Risk Managers with one to two decades of relevant experience report an average salary of approximately $135K. Senior Risk Managers who claim more than two decades of experience actually make somewhat smaller average paychecks of $125K.

Pay Difference by Location


For Senior Risk Managers, working in the bustling city of Washington has its advantages, including an above-average pay rate. Senior Risk Managers can also look forward to large paychecks in cities like San Francisco (+23 percent), New York (+10 percent), Columbus (+9 percent), and Chicago (+7 percent). The lowest-paying market is Atlanta, which sits 22 percent below the national average, proving that location is a significant contributor to overall pay. Employers pay around 14 percent less in Dallas and 12 percent less in Houston, below-median salaries for those in this field.

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 25%

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 6%

Data Analysis
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 80 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

1-4 years
5%
5-9 years
26%
10-19 years
51%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 83%
vision benefits Vision: 75% employee benefits None: 7%
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