Average Senior Risk Manager Salary in Canada

C$109,660
Avg. Base Salary (CAD)
10%
CA$90k
MEDIAN
CA$110k
90%
CA$132k

The average salary for a Senior Risk Manager is C$109,660 in 2026

Base Salary
C$90k - C$132k
Bonus
C$16 - C$19k
Profit Sharing
C$0 - C$9k
Total Pay
C$100k - C$140k
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What Do Senior Risk Managers Do?

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.
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FAQs About Senior Risk Managers

What is the highest pay for Senior Risk Managers?

Our data indicates that the highest pay for a Senior Risk Manager is CA$132k / year

What is the lowest pay for Senior Risk Managers?

Our data indicates that the lowest pay for a Senior Risk Manager is CA$90k / year

How can Senior Risk Managers increase their salary?

Increasing your pay as a Senior Risk Manager is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Senior Risk Manager that oversees more junior Senior Risk Managers, this experience can increase the likelihood to earn more.