Avg. Base Salary (USD)
The average salary for a Senior Risk Manager is $119,342
What is the Pay by Experience Level for Senior Risk Managers?
An experienced Senior Risk Manager with 10-19 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $138,489 based on 16 salaries. In their late career (20 years and higher), employees earn an average total compensation of $169,161.
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.