Risk Management Director Salary

Six-figure salaries are the norm for Risk Management Directors in the United States, with median pay hovering around $117K per year. In the world of Risk Management Directors, total cash compensation can vary between $73K and $198K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $51K and $25K, respectively. Geography and years of experience each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Job satisfaction for Risk Management Directors is high. Women Risk Management Directors who took the survey just slightly outnumber men. This report is based on responses to the PayScale salary survey.

$69,670 - $170,561
$70K
$110K
$170K
MEDIAN: $114,167
10%
50%
90%

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$0$203K
Salary $69,670 - $170,561
Bonus $4,818 - $51,949
Profit Sharing $2,553 - $25,168
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).
)
$69,873 - $203,220
  • Country: United States
  • Currency: USD
  • Updated: 6 Oct 2017
  • Individuals Reporting: 82

Job Description for Risk Management Director

Risk management directors are responsible for overseeing a company's policies and procedures to ensure compliance with local, state, and federal laws, as well as ensuring that the company complies with internal and external auditing.

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Risk Management Director Tasks

  • Oversee staff operations, business planning and budget development.
  • Direct staff in effective and efficient use of programs that promote quality processes.
  • Examine and analyze risk data to determine potential loss.
  • Plan and direct the risk management program.

Risk Management Director Job Listings

Popular Skills for Risk Management Director


Risk Management Directors typically list a handful of skills they use on the job. Most notably, skills in Risk Management / Risk Control, Insurance, Regulatory Compliance, and Safety Compliance are correlated to pay that is above average. Safety Compliance and Regulatory Compliance as skills, however, tend to be associated with significantly smaller paychecks. It is not unusual for someone who knows Insurance to be familiar with Risk Management / Risk Control as well.

Pay by Experience Level for Risk Management Director

Pay by Experience for a Risk Management Director has a positive trend. An entry-level Risk Management Director with less than 5 years of experience can expect to earn an average total compensation of $91,000 based on 21 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Risk Management Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $129,000 based on 35 salaries. An experienced Risk Management Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $144,000 based on 60 salaries. A Risk Management Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $131,000 based on 40 salaries.

Pay Difference by Location

National Average: $119,445

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

New York offers some of the highest pay in the country for Risk Management Directors, 49 percent above the national average. Risk Management Directors will also find cushy salaries in Houston (+9 percent) and Los Angeles (+5 percent). The lowest-paying market is Chicago, which sits 11 percent below the national average.

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Key Stats for Risk Management Director

Gender

Female
56 %
Male
44 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.
1-4 years
5%
5-9 years
17%
10-19 years
44%
20 years or more
35%

Experience Affects Risk Management Director Salaries

▲20%

▲10%

▲8%

National Average
$119,000

Entry-Level
▼24%

Skills That Affect Risk Management Director Salaries

Risk Management / Risk Control
▲5%

▲4%

National Average
$119,000

Regulatory Compliance
▼4%

Safety Compliance
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

1-4 years
5%
5-9 years
17%
10-19 years
44%
20 years or more
35%

Common Health Benefits

medical benefits
Medical: 97%
dental benefits
Dental: 89%
vision benefits
Vision: 77%
no benefits
None: 3%