Average Risk Manager Salary in South Africa

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The average salary for a Risk Manager in South Africa is R564,366.
MEDIAN R564,366
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United States (change)
R301k - R852k
Profit Sharing
R0 - R101k
Total Pay
R311k - R928k

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Job Description for Risk Manager

Risk Manager Tasks
  • Design, implement, oversee, and manage the risk management plan.
  • Investigate and troubleshoot individual or organization-wide issues.
  • Review existing safety policies and update them to comply with legislation.
  • Coordinate risk management activities in order to prevent or isolate liabilities.

Popular Employer Salaries for Risk Manager

The top respondents for the job title Risk Manager are from the companies FNB, Standard Bank and Absa. Reported salaries are highest at RMB where the average pay is R705,000. Other companies that offer high salaries for this role include Nedbank and FNB, earning around R632,500 and R624,000, respectively. Standard Bank pays the lowest at around R432,370. Mergence Investment Managers and Absa also pay on the lower end of the scale, paying R474,880 and R600,000, respectively.

Career Paths

Explore the most common career paths for Risk Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Risk Manager
Senior Risk Manager
Risk Management Manager
Security Manager
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Risk Manager Job Listings

Popular Skills for Risk Manager

Skills in Risk Management / Risk Control and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis, Insurance and Regulatory Compliance.

Pay by Experience Level for Risk Manager

An entry-level Risk Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of R400,885 based on 18 salaries. An early career Risk Manager with 1-4 years of experience earns an average total compensation of R506,639 based on 115 salaries. A mid-career Risk Manager with 5-9 years of experience earns an average total compensation of R602,160 based on 127 salaries. An experienced Risk Manager with 10-19 years of experience earns an average total compensation of R663,589 based on 58 salaries. In their late career (20 years and higher), employees earn an average total compensation of R700,000.

Years of Experience

This data is based on 347 survey responses.
Entry Level
Early Career
Mid Career
Late Career

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