The average salary for a Chief Risk Officer (CRO) is $153,669.
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What Do Chief Risk Officer (CRO)s Do?
A chief risk officer usually oversees a region for a company to identify all sorts of risks the company might face or is currently being subjected to. The chief risk officer wants to make sure that company profits are a priority while policies and regulations are being adhered to. Some areas that the chief risk officer will oversee are risks relating to investment, credit, operations, and things that may be happening on the market. The chief risk officer must also be familiar with company polici…Read more
Chief Risk Officer (CRO) Tasks
- Coordinate with senior management to develop, evaluate, and implement risk management policies.
- Evaluate and report on compliance with governance and financial regulations.
- Identify key areas for improvement and recommend changes.
Job Satisfaction for Chief Risk Officer (CRO)
Popular Employer Salaries for Chief Risk Officer (CRO)
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Somewhat common (8 - 20%)
Chief Risk Officer (CRO) Job Listings
What Are Popular Skills for Chief Risk Officer (CRO)s?
Skills in Risk Management / Risk Control, Regulatory Compliance, Leadership and Strategic Planning are correlated to pay that is above average. Skills that pay less than market rate include Internal Audit.
What is the Pay by Experience Level for Chief Risk Officer (CRO)s?
An early career Chief Risk Officer (CRO) with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $107,745 based on 22 salaries. A mid-career Chief Risk Officer (CRO) with 5-9 years of experience earns an average total compensation of $132,574 based on 19 salaries. An experienced Chief Risk Officer (CRO) with 10-19 years of experience earns an average total compensation of $162,415 based on 78 salaries. In their late career (20 years and higher), employees earn an average total compensation of $176,795.
Pay Difference by Location
Employees with Chief Risk Officer (CRO) in their job title in New York, New York earn an average of 31.6% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (26.1% more) and San Francisco, California (23.6% more). The lowest salaries can be found in Little Rock, Arkansas (27.0% less).
Years of Experience
This data is based on 213 survey responses.