Avg. Base Salary (USD)
The average salary for a Senior Risk Manager is $117,502
What is the Pay by Experience Level for Senior Risk Managers?
An early career Senior Risk Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $85,989 based on 10 salaries. A mid-career Senior Risk Manager with 5-9 years of experience earns an average total compensation of $116,752 based on 24 salaries. An experienced Senior …Read more
What Do Senior Risk Managers Do?
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, …Read more
- 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.