The average salary for a Senior Risk Manager in United Kingdom is £67,780.
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What Do Senior Risk Managers Do?
Senior risk managers identify the risks to which a business is exposed and find ways to adequately eliminate or mitigate those risks.
Senior risk managers may deal with risk inherent to all areas of their business, from operation risk to financial risk to legal risk. In an operational setting, a senior risk manager works to identify process risks such as business disruption, issues with execution, and systems failures. They also look for poor business practices, workplace safety concerns, thef…Read more
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.
Popular Employer Salaries for Senior Risk Manager
Senior Risk Manager Job Listings
What Are Popular Skills for Senior Risk Managers?
Skills in Strategic Project Management are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis, Risk Consulting, Regulatory Compliance and Risk Management / Risk Control.
What is the Pay by Experience Level for Senior Risk Managers?
An early career Senior Risk Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of £63,465 based on 11 salaries. A mid-career Senior Risk Manager with 5-9 years of experience earns an average total compensation of £64,317 based on 29 salaries. An experienced Senior Risk Manager with 10-19 years of experience earns an average total compensation of £71,132 based on 55 salaries. In their late career (20 years and higher), employees earn an average total compensation of £76,822.
Pay Difference by Location
Employees with Senior Risk Manager in their job title in London, England: London earn an average of 10.6% more than the national average. These job titles also find higher than average salaries in Edinburgh, Scotland: Edinburgh (1.8% more). The lowest salaries can be found in Manchester, England: Manchester (25.0% less), Leeds, England: Leeds (20.3% less) and Birmingham, England: Birmingham (7.1% less).
Years of Experience
This data is based on 118 survey responses.