Avg. Base Salary (USD)
The average salary for a Senior Risk Manager is $118,936 in 2023
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 $98,990 based on 9 salaries. A mid-career Senior Risk Manager with 5-9 years of experience earns an average total compensation of $118,403 based on 38 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.
FAQs About Senior Risk Managers
What is the highest pay for Senior Risk Managers?
Our data indicates that the highest pay for a Senior Risk Manager is $167k / year
What is the lowest pay for Senior Risk Managers?
Our data indicates that the lowest pay for a Senior Risk Manager is $77k / year
How can Senior Risk Managers increase their salary?
Increasing your pay as a Senior Risk Manager is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Senior Risk Manager that oversees more junior Senior Risk Managers, this experience can increase the likelihood to earn more.