Senior Risk Manager Salary

Generous salaries abound for Senior Risk Managers in the United States, with average pay above six figures ($115K) per year. Cash earnings for Senior Risk Managers — which occasionally include more than $26K from bonuses and more than $34K from profit sharing — stretch from around $75K to approximately $179K. Geographic location is the main element affecting pay for this group — the specific employer and experience level are driving factors as well. The majority of workers are highly satisfied with their job. Nearly all report receiving medical coverage from their employers and most collect dental insurance. This report is based on responses to the PayScale salary survey.

$71,446 - $156,163
$71K
$110K
$160K
MEDIAN: $114,405
10%
50%
90%

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$0$181K
Salary $71,446 - $156,163
Bonus $3,267 - $28,164
Profit Sharing $0.00 - $25,532
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).
)
$75,023 - $181,729
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 235

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Senior Risk Manager

Senior risk managers identify the risks to which a business is exposed and find ways to adequately eliminate or mitigate those risks.

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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.

Common Career Paths for Senior Risk Manager


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Senior Risk Managers who go on to become Directors of Risk Management may see somewhat stagnant compensation. On average, a Director of Risk Management, an upper-level role, pays $119K.

Senior Risk Manager Job Listings

Popular Employer Salaries for Senior Risk Manager


For Senior Risk Managers, comfortable salaries can be found at Deloitte & Touche LLP; in fact, median earnings sit around $165K, the highest in the area.

Pay by Experience Level for Senior Risk Manager

Pay by Experience for a Senior Risk Manager has a positive trend. An entry-level Senior Risk Manager with less than 5 years of experience can expect to earn an average total compensation of $110,000 based on 31 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Risk Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $124,000 based on 95 salaries. An experienced Senior Risk Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $127,000 based on 130 salaries. A Senior Risk Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $148,000 based on 42 salaries.

Pay Difference by Location

National Average: $124,829

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

Norwalk is home to an above-average pay rate for Senior Risk Managers, 38 percent higher than the national average. Senior Risk Managers can also look forward to large paychecks in cities like Washington (+23 percent), New York (+19 percent), Houston (+17 percent), and San Francisco (+16 percent). Senior Risk Managers in Salt Lake City make 28 percent less than the national average, proving that location is a major factor in pay. Employers in Columbus and Atlanta also lean toward paying below-median salaries (24 percent lower and 20 percent lower, respectively).

Related Job Salaries

Key Stats for Senior Risk Manager

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.
Less than 1 year
0%
1-4 years
8%
5-9 years
23%
10-19 years
49%
20 years or more
20%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Risk Manager Salaries

▲18%

▲2%

▼0%

National Average
$125,000

▼12%

Skills That Affect Senior Risk Manager Salaries

Security Risk Management
▲23%

Financial Modeling
▲20%

Financial Analysis
▲20%



Internal Audit
▲3%

National Average
$125,000


SAS
▼2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
0%
1-4 years
8%
5-9 years
23%
10-19 years
49%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 86%
vision benefits
Vision: 82%
no benefits
None: 5%
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