The average pay for a Senior Risk Manager is $68.78 per hour.
The average pay for a Senior Risk Manager is $120,976 per year.
|Salary||$84,327 - $173,714|
|Bonus||$4,853 - $27,833|
|Profit Sharing||$248 - $15,319|
|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).)
|$87,407 - $190,551|
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.Read More...
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, theft, and fraud. In a financial setting, the senior risk manager attempts to eliminate market-based risk such as financial risk and supply risk. In the legal setting, a senior risk manager must ensure that the business is in compliance with the various laws and regulations under which it operates.
These managers work at different levels of the organization; for example, ensuring that all workers follow employment law or ensuring that executives are satisfying their fiduciary responsibilities. The risk manager may also directly perform and supervise educational workshops to ensure policy compliance.
Senior risk managers usually possess a bachelor's degree in economics, finance, statistics, or another closely related subject. To earn the senior position, the risk manager must also have several years of experience. Senior risk managers usually work in a general office setting and may be required to travel in the performance of their duties. (Copyright 2019 PayScale.com)
- 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.
Senior Risk Manager Job Listings
Pay Difference by Location
For Experienced Senior Risk Managers, busy San Francisco offers a higher-than-average pay rate, 27 percent above the national average. Experienced Senior Risk Managers will also find cushy salaries in New York (+17 percent) and Boston (+15 percent). In Atlanta, salaries are 2 percent below the national average and represent the lowest-paying market.
Key Stats for Senior Risk Manager
Rated 5 out of 5
based on 46 votes.