Vice President (VP), Risk Management Salary

A Vice President (VP), Risk Management earns an average salary of $129,468 per year. Most people in this job have more than five years' experience in related jobs.

$87,726 - $179,179
$88K
$130K
$180K
MEDIAN: $129,468
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$80K$160K$240K
Salary
$87,726 - $179,179  
   
Bonus
$7,147 - $53,818  
Profit Sharing
$878 - $8,870  
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).
)
$93,719 - $217,260  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 213

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Job Description for Vice President (VP), Risk Management

Vice presidents (VPs) of risk management are responsible for overseeing a company’s risk management department and ensuring that all procedures, protocols, and strategies are fully implemented to protect the company and its assets. Strong interpersonal and communication skills are important in this position to communicate effectively with employees both within and outside the company.

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Vice President (VP), Risk Management Tasks

  • Lead and manage company risk management programs.
  • Promote a culture of risk awareness and accountability through training.
  • Facilitate work relationships across departments.
  • Develop and direct claims processing procedures.
  • Direct risk measurement and monitoring processes and communicate results and recommendations.

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Popular Employer Salaries for Vice President (VP), Risk Management

Popular Skills for Vice President (VP), Risk Management

Pay by Experience Level for Vice President (VP), Risk Management

Pay by Experience for a Vice President (VP), Risk Management has a positive trend. An entry-level Vice President (VP), Risk Management with less than 5 years of experience can expect to earn an average total compensation of $118,000 based on 22 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Risk Management with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $140,000 based on 74 salaries. An experienced Vice President (VP), Risk Management which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $152,000 based on 105 salaries. A Vice President (VP), Risk Management with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $163,000 based on 60 salaries.

Pay Difference by Location

National Average: $146,680

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

Related Job Salaries

Key Stats for Vice President (VP), Risk Management

Gender

Female
26 %
Male
74 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.
1-4 years
6%
5-9 years
24%
10-19 years
42%
20 years or more
28%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Risk Management Salaries

▲11%

▲4%

National Average
$147,000

▼4%

Entry-Level
▼19%

Skills That Affect Vice President (VP), Risk Management Salaries


Risk Consulting
▲9%


Risk Management / Risk Control
▼0%

Statistical Analysis
▼0%

National Average
$147,000

Project Management
▼30%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

1-4 years
6%
5-9 years
24%
10-19 years
42%
20 years or more
28%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 85%
vision benefits
Vision: 78%
no benefits
None: 7%