Avg. Base Salary (USD)
The average salary for a Risk Management Director is $126,229 in 2023
What is the Pay by Experience Level for Risk Management Directors?
An early career Risk Management Director with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $92,829 based on 8 salaries. A mid-career Risk Management Director with 5-9 years of experience earns an average total compensation of $114,646 based on 49 salaries. An …Read more
What Do Risk Management Directors Do?
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.
Risk management directors must have a strong background in procedures and banking laws and the ability to stay up-to-date with changes in the industry to ensure compliance at all times. They must be able to review portfolios and make risk decisions based on the …Read more
- 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.
How do Risk Management Directors Rate Their Jobs?
FAQs About Risk Management Directors
What is the highest pay for Risk Management Directors?
Our data indicates that the highest pay for a Risk Management Director is $179k / year
What is the lowest pay for Risk Management Directors?
Our data indicates that the lowest pay for a Risk Management Director is $83k / year
How can Risk Management Directors increase their salary?
Increasing your pay as a Risk Management Director 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 Risk Management Director that oversees more junior Risk Management Directors, this experience can increase the likelihood to earn more.