The average salary for a Risk Manager in South Africa is R564,366.
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R301k - R852k
R0 - R101k
R311k - R928k
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Job Description for Risk Manager
A risk manager works directly for a company or provides risk consulting to various companies. The risk manager may deal with financial or material risks. The risk manager will carry out audits and spontaneous checks to make sure that various staff members are adhering to safety rules. The risk manager may also recommend changes to safety policies when necessary, as well as training when widespread problems are detected. The risk manager will also check the facilities to make sure that no hazar…Read more
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.
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.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Risk Manager Job Listings
Popular Skills for Risk Manager
Risk Management / Risk Control
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.
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