Senior Risk Manager Salary

The median pay for Senior Risk Managers comes out to approximately $114K per year in the United States, but employers in Norwalk offer the most; the average salary in that city is around $172K. Senior Risk Managers will also find cushy salaries in San Francisco (+22 percent), Washington (+20 percent), New York (+15 percent), and Philadelphia (+10 percent). Participants in PayScale's salary questionnaire provided the particulars of this report.

$73,983 - $155,421
(Median)
$74K
$110K
$160K
MEDIAN: $114,084
10%
50%
90%

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$14.43 - $121.20
(Median)
$14
$42
$120
MEDIAN: $42.00
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
$73,983 - $155,421  
   
Bonus
$2,980 - $33,890  
Profit Sharing
$2,966 - $32,500  
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).
)
$76,642 - $179,242  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 431
National Hourly Rate 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$50$100$150
Hourly Rate
$14.43 - $121.20  
   
Overtime
$0.21 - $89.59  
National Annualized 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$100K$200K$300K
Bonus
$2,980 - $33,890  
   
Profit Sharing
$2,966 - $32,500  
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).
)
$76,642 - $179,242  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 13
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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.

Senior Risk Manager Job Listings

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Popular Employer Salaries for Senior Risk Manager



Survey results imply that Senior Risk Managers put a diverse skill set to use. Most notably, skills in Financial Modeling, Financial Analysis, Security Risk Management, and Internal Audit are correlated to pay that is above average, with boosts between 8 percent and 18 percent. Skills that seem to negatively impact pay include Data Analysis and SAS. Regulatory Compliance and Risk Management / Risk Control are correlating skills — those who know the former usually know the latter.

Pay by Experience Level for Senior Risk Manager

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


The average beginner in this position makes around $96K, but folks who have been around for five to 10 years see a markedly higher median salary of $130K. On average, Senior Risk Managers make $131K following one to two decades on the job. Survey participants with more than twenty years of experience only make around $128K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Pay Difference by Location

National Average: $127,520

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

Related Job Salaries

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Experience Affects Senior Risk Manager Salaries



Late-Career
0%

National Average
$128,000

Entry-Level
up arrow 25%

Skills That Affect Senior Risk Manager Salaries

Financial Modeling
up arrow 18%

Financial Analysis
up arrow 17%

Security Risk Management
up arrow 8%

Risk Management / Risk Control
up arrow 2%

Internal Audit
up arrow 2%

Regulatory Compliance
0%

National Average
$128,000

SAS
up arrow 4%

Data Analysis
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 58 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
0%
1-4 years
5%
5-9 years
25%
10-19 years
51%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 84%
medical benefits
Vision: 76%
dental benefits
None: 6%
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