The average salary for a Senior Risk Manager is $118,274.
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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. Senior risk managers may deal with risk inherent to all areas of their business, from operation risk to financial risk to legal risk. In an operational setting, a senior risk manager works to identify process risks such as business disruption, issues with execution, and systems failures. They also look for poor business practices, workplace safety concerns, thef…Read more
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.
Job Satisfaction for Senior Risk Manager
Popular Employer Salaries for Senior Risk Manager
The top respondents for the job title Senior Risk Manager are from the companies General Electric Co (GE), J.P. Morgan Chase & Co. (JPMCC) and Santander. Reported salaries are highest at Deloitte & Touche LLP where the average pay is $157,308. Other companies that offer high salaries for this role include Santander and Capital One Financial Corp, earning around $135,000 and $129,000, respectively. American Express Co. (AMEX) pays the lowest at around $113,883. Charles Schwab & Co., Inc. and General Electric Co (GE) also pay on the lower end of the scale, paying $124,800 and $125,009, respectively.
Senior Risk Manager Job Listings
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Popular Skills for Senior Risk Manager
Risk Management / Risk Control
Security Risk Management
Skills in Risk Management / Risk Control, Regulatory Compliance, Data Analysis and Security Risk Management are correlated to pay that is above average. Skills that pay less than market rate include Risk Consulting.
Pay by Experience Level for Senior Risk Manager
An early career Senior Risk Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $102,922 based on 37 salaries. A mid-career Senior Risk Manager with 5-9 years of experience earns an average total compensation of $116,907 based on 112 salaries. An experienced Senior Risk Manager with 10-19 years of experience earns an average total compensation of $123,361 based on 237 salaries. In their late career (20 years and higher), employees earn an average total compensation of $127,179.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Senior Risk Manager in their job title in Seattle, Washington earn an average of 18.0% more than the national average. These job titles also find higher than average salaries in San Francisco, California (17.1% more) and New York, New York (15.5% more). The lowest salaries can be found in Dallas, Texas (7.4% less) and Boston, Massachusetts (0.1% less).
Years of Experience
This data is based on 488 survey responses.
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