Senior Risk Manager Salary

Average pay for Senior Risk Managers in the United States is more than reasonable, with annual salaries pushing past the six-figure mark ($113K). 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. While career duration and the particular employer impact pay for this group, geographic location is the most influential factor. The majority of Senior Risk Managers (60 percent) survey respondents are male. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$75,172 - $154,228
(Median)
$75K
$110K
$150K
MEDIAN: $113,066
10%
50%
90%

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$15.05 - $123.29
(Median)
$15
$42
$120
MEDIAN: $42.00
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
$75,172 - $154,228  
   
Bonus
$3,000 - $33,913  
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).
)
$78,361 - $176,227  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 391
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
$3,000 - $33,913  
   
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).
)
$78,361 - $176,227  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 11
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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 report using a pretty varied skill set on the job. Most notably, skills in Financial Modeling, Regulatory Compliance, Risk Management / Risk Control, and SAS are correlated to pay that is above average. Data Analysis and SAS as skills, however, tend to be associated with significantly smaller paychecks. Employees educated in Regulatory Compliance are typically practiced in Risk Management / Risk Control, too.

Pay by Experience Level for Senior Risk Manager

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


Folks with fewer than five years of experience earn around $95K on average, but respondents who have racked up five to 10 years benefit from a six-figure median of $129K. Senior Risk Managers with one to two decades of relevant experience report an average salary of approximately $136K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $124K on average.

Pay Difference by Location


For Senior Risk Managers, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Senior Risk Managers will also find cushy salaries in Washington (+20 percent), New York (+11 percent), Chicago (+8 percent), and Boston (+8 percent). Senior Risk Managers in Atlanta earn salaries far below the national average by 21 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Employers in Dallas and Houston also lean toward paying below-median salaries (14 percent less).

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Experience Affects Senior Risk Manager Salaries


Mid-Career
up arrow 1%

National Average
$128,000

Late-Career
up arrow 3%

Entry-Level
up arrow 26%

Skills That Affect Senior Risk Manager Salaries

Financial Modeling
up arrow 17%

Regulatory Compliance
up arrow 3%

Risk Management / Risk Control
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 65 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

1-4 years
6%
5-9 years
26%
10-19 years
50%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 84%
vision benefits Vision: 75% employee benefits None: 7%
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