The average salary for a Late-Career Senior Risk Manager is $119,309.
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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, 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.
Explore the most common career paths for Senior Risk Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Director, Risk Management / Risk Control
Somewhat common (8 - 20%)
Senior Risk Manager Job Listings
What Are Popular Skills for Senior Risk Managers?
Skills in Risk Consulting are correlated to pay that is above average. Skills that pay less than market rate include Strategic Project Management, Data Analysis, Regulatory Compliance and Risk Management / Risk Control.
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 $101,903 based on 37 salaries. A mid-career Senior Risk Manager with 5-9 years of experience earns an average total compensation of $118,661 based on 107 salaries. An experienced Senior Risk Manager with 10-19 years of experience earns an average total compensation of $124,564 based on 235 salaries.
Pay Difference by Location
Employees with Senior Risk Manager in their job title in Chicago, Illinois earn an average of 29.3% more than the national average. These job titles also find higher than average salaries in New York, New York (19.4% more) and Houston, Texas (11.5% more). The lowest salaries can be found in Dallas, Texas (9.4% less).
Years of Experience
This data is based on 379 survey responses.