Senior Risk Manager Salary

On average, Senior Risk Managers in the United States earn six-figure salaries ($113K) annually, making for a very well-paid profession. Including potential for bonuses and profit sharing — peaking near $34K and $15K, respectively — total cash payment to Senior Risk Managers can bottom out near $80K or peak near $176K depending on individual performance. Geographic location is the main element affecting pay for this group — years of experience and the particular employer are driving factors as well. Senior Risk Managers who participated in the survey are largely men, dominating at 62 percent. For the most part, Senior Risk Managers enjoy their work and report high levels of job satisfaction. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Respondents to the PayScale salary survey provided the data for this report.

$75,471 - $153,774
(Median)
$75K
$110K
$150K
MEDIAN: $113,108
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
$75,471 - $153,774  
   
Bonus
$3,002 - $34,084  
Profit Sharing
$2,576 - $14,865  
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).
)
$79,555 - $176,175  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 401
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
$3,002 - $34,084  
   
Profit Sharing
$2,576 - $14,865  
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).
)
$79,555 - $176,175  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 10

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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’s assets, reputation, and interests.
  • Manage company insurance policies and strategies for reducing liability.

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Popular Employer Salaries for Senior Risk Manager



Survey takers who work as Senior Risk Managers typically report just a few professional skills. Most notably, skills in Financial Modeling, Data Analysis, Regulatory Compliance, and Risk Management / Risk Control are correlated to pay that is above average, with boosts between 3 percent and 17 percent. Skills that pay less than market rate include SAS. 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.


Salaries for the relatively untried average out to around $101K, but survey participants with five to 10 years of experience earn a significantly higher median of $128K. Senior Risk Managers bring in $134K 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 $125K.

Pay Difference by Location


For Senior Risk Managers, busy Washington offers a higher-than-average pay rate, 25 percent above the national average. Senior Risk Managers will also find cushy salaries in San Francisco (+23 percent), New York (+12 percent), Columbus (+9 percent), and Chicago (+7 percent). Senior Risk Managers in Atlanta make 23 percent less than the national average, proving that location is a major factor in pay. A couple other locations with smaller-than-average paychecks include Dallas (14 percent lower) and Houston (12 percent lower).

Related Job Salaries

United States (change)

Experience Affects Senior Risk Manager Salaries


Mid-Career
0%

National Average
$128,000

Late-Career
up arrow 2%

Entry-Level
up arrow 21%

Skills That Affect Senior Risk Manager Salaries

Financial Modeling
up arrow 17%

Data Analysis
up arrow 9%

Regulatory Compliance
up arrow 3%

Risk Management / Risk Control
up arrow 2%

National Average
$128,000

SAS
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 82 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

1-4 years
5%
5-9 years
26%
10-19 years
52%
20 years or more
17%

Common Health Benefits

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