Senior Risk Manager Salary

Salaries for Senior Risk Managers in the United States are generous, with average pay above six figures ($114K) per year. 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. Geography is the main element affecting pay for this group — career duration and the specific company are driving factors as well. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to nearly all, and most earn dental coverage. The majority of Senior Risk Managers (60 percent) survey respondents are male. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$76,502 - $153,647

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$15.05 - $123.29

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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
$76,502 - $153,647  
   
Bonus
$3,054 - $33,931  
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).
)
$79,614 - $175,887  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 392
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
$15.05 - $123.29  
   
Overtime
$-0.50 - $89.40  
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
$3,054 - $33,931  
   
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).
)
$79,614 - $175,887  
Country: United States | Currency: USD | Updated: 18 Jul 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’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



Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Financial Modeling, Regulatory Compliance, Risk Management / Risk Control, and Internal Audit are correlated to pay that is above average. Data Analysis and SAS, on the other hand, are typically associated with much lower pay. Those with knowledge of Regulatory Compliance tend to be skilled in 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.


The average beginner in this position makes around $97K, but folks who have been around for five to 10 years see a markedly higher median salary of $130K. Senior Risk Managers claiming one to two decades of experience make an estimated median of $135K. For some reason, Senior Risk Managers with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $126K.

Pay Difference by Location


Senior Risk Managers will find that Norwalk offers an impressive pay rate, one which exceeds the national average by 34 percent. Senior Risk Managers can also look forward to large paychecks in cities like San Francisco (+20 percent), Washington (+20 percent), New York (+11 percent), and Chicago (+8 percent). One of the biggest compensable factors for Senior Risk Managers is geography, with workers in Atlanta earning a whopping 21 percent below the national average. Employers in Dallas and Houston also lean toward paying below-median salaries (15 percent lower and 14 percent lower, respectively).

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Experience Affects Senior Risk Manager Salaries


Mid-Career
up arrow 1%

National Average
$128,000

Late-Career
up arrow 2%

Entry-Level
up arrow 24%

Skills That Affect Senior Risk Manager Salaries

Financial Modeling
up arrow 17%

Regulatory Compliance
up arrow 3%

Risk Management / Risk Control
up arrow 2%

Internal Audit
up arrow 2%

National Average
$128,000

SAS
up arrow 7%

Data Analysis
up arrow 21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
0%
1-4 years
6%
5-9 years
27%
10-19 years
49%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 85%
vision benefits Vision: 76% employee benefits None: 6%
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