Senior Risk Manager Salary

Senior Risk Managers enjoy a hefty income, with average pay passing six figures ($115K) annually in the United States. Total cash compensation to Senior Risk Managers approaches anywhere from $75K on the lower end to $183K on the higher end; in exceptional cases, this can include more than $26K from bonuses and upwards of $49K from profit sharing. The most influential factor affecting pay for this group is geographic location, though the specific employer and years of experience have a (lesser) impact as well. Men working as Senior Risk Managers who took the survey just slightly outnumber women at 58 percent. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to nearly all, and most earn dental coverage. Participants in PayScale's salary questionnaire provided the particulars of this report.

$72,132 - $160,141
$72K
$120K
$160K
MEDIAN: $115,110
10%
50%
90%

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$0$183K
Salary $72,132 - $160,141
Bonus $3,420 - $26,212
Profit Sharing $0.00 - $49,316
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).
)
$74,553 - $183,175
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 218

Find Out Exactly What You Should Be Paid

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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For Senior Risk Managers, career advancements do not tend to correlate with a rise in salary. On average, lower-level Senior Risk Managers earn similar salaries to those in higher-end positions like Director of Risk Management.

Senior Risk Manager Job Listings

Popular Employer Salaries for Senior Risk Manager


For Senior Risk Managers, comfortable salaries can be found at Deloitte & Touche LLP; in fact, median earnings sit around $165K, the highest in the area.

Pay by Experience Level for Senior Risk Manager

Pay by Experience for a Senior Risk Manager has a positive trend. An entry-level Senior Risk Manager with less than 5 years of experience can expect to earn an average total compensation of $110,000 based on 31 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Risk Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $124,000 based on 95 salaries. An experienced Senior Risk Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $127,000 based on 130 salaries. A Senior Risk Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $148,000 based on 42 salaries.

Pay Difference by Location

National Average: $125,036

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

For Senior Risk Managers, working in the bustling city of Norwalk has its advantages, including an above-average pay rate. Senior Risk Managers can also look forward to large paychecks in cities like Washington (+23 percent), New York (+18 percent), Houston (+17 percent), and San Francisco (+16 percent). One of the biggest compensable factors for Senior Risk Managers is geography, with workers in Salt Lake City earning a whopping 28 percent below the national average. Employers pay around 24 percent less in Columbus and 20 percent less in Atlanta, below-median salaries for those in this field.

Related Job Salaries

Key Stats for Senior Risk Manager

Gender

Female
42 %
Male
58 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.
Less than 1 year
0%
1-4 years
8%
5-9 years
20%
10-19 years
52%
20 years or more
20%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Risk Manager Salaries

▲18%

▲1%

National Average
$125,000

▼1%

▼12%

Skills That Affect Senior Risk Manager Salaries

Security Risk Management
▲23%

Financial Modeling
▲20%

Financial Analysis
▲20%



Internal Audit
▲3%

National Average
$125,000


SAS
▼2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
0%
1-4 years
8%
5-9 years
20%
10-19 years
52%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 84%
vision benefits
Vision: 81%
no benefits
None: 6%
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