$153,416
Avg. Salary
$28.85
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$28,936

Profit Sharing

$7,413

The average pay for a Chief Risk Officer (CRO) is $28.85 per hour.

The average pay for a Chief Risk Officer (CRO) is $153,416 per year.

$0
10%
$29
50%
$0
90%
MEDIAN $29
$91k
10%
$153k
50%
$236k
90%
MEDIAN $153,416
$90,922 - $235,542
$91K
$150K
$240K
MEDIAN: $153,416
10%
50%
90%

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$0$292K
Salary $90,922 - $235,542
Bonus $5,101 - $77,357
Profit Sharing $0.00 - $30,201
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).
)
$92,925 - $292,012
  • Country: United States
  • Currency: USD
  • Updated: 5 Nov 2018
  • Individuals Reporting: 235

Job Description for Chief Risk Officer (CRO)

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 policies and the law. The officer should make sure that various departments are complying with these regulations.

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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.

Chief Risk Officer (CRO) Job Listings

Pay by Experience Level for Chief Risk Officer (CRO)

Pay by Experience for a Chief Risk Officer (CRO) has a positive trend. An entry-level Chief Risk Officer (CRO) with less than 5 years of experience can expect to earn an average total compensation of $122,000 based on 23 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Risk Officer (CRO) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $162,000 based on 31 salaries. An experienced Chief Risk Officer (CRO) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $198,000 based on 55 salaries. A Chief Risk Officer (CRO) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $214,000 based on 44 salaries.

Pay Difference by Location

52%

National Average: $174,898

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

For Chief Risk Officers, busy New York offers a higher-than-average pay rate, 49 percent above the national average. Chief Risk Officers can also look forward to large paychecks in cities like San Francisco (+23 percent), Seattle (+22 percent), San Diego (+18 percent), and Des Moines (+17 percent).

Related Job Salaries

Key Stats for Chief Risk Officer (CRO)

Gender

Female
32 %
Male
68 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.
Less than 1 year
0%
1-4 years
11%
5-9 years
12%
10-19 years
37%
20 years or more
39%

Experience Affects Chief Risk Officer (CRO) Salaries

▲22%

▲13%

National Average
$175,000

Mid-Career
▼8%

▼30%

Skills That Affect Chief Risk Officer (CRO) Salaries


National Average
$175,000


Internal Audit
▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
0%
1-4 years
11%
5-9 years
12%
10-19 years
37%
20 years or more
39%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 84%
vision benefits
Vision: 77%
no benefits
None: 6%