How much does a Chief Risk Officer make in the United States? The average Chief Risk Officer salary in the United States is $278,941 as of March 26, 2024, but the range typically falls between $236,658 and $325,913. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Percentile | Salary | Location | Last Updated |
10th Percentile Chief Risk Officer Salary | $198,163 | US | March 26, 2024 |
25th Percentile Chief Risk Officer Salary | $236,658 | US | March 26, 2024 |
50th Percentile Chief Risk Officer Salary | $278,941 | US | March 26, 2024 |
75th Percentile Chief Risk Officer Salary | $325,913 | US | March 26, 2024 |
90th Percentile Chief Risk Officer Salary | $368,679 | US | March 26, 2024 |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
Portfolio Management: Portfolio management is the selection, prioritisation and control of an organisation's programmes and projects. The goal is to balance the implementation of change initiatives and the maintenance of business-as-usual, while optimising ROI.
Credit Risk: Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations.
Chief Risk Officer oversees all aspects of an organization's risk management function. Responsible for planning and developing business analysis, risk modeling, and loss prevention programs. Being a Chief Risk Officer designs strategic initiatives to protect assets from economic, market, and regulatory risks that the organization is exposed to. Requires a bachelor's degree. Additionally, Chief Risk Officer typically reports to Chief Executive Officer (CEO). Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals. (Copyright 2024 Salary.com)... View full job description
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Chief Risk Officer salary varies from city to city. Compared with national average salary of Chief Risk Officer, the highest Chief Risk Officer salary is in San Francisco, CA, where the Chief Risk Officer salary is 25.0% above. The lowest Chief Risk Officer salary is in Miami, FL, where the Chief Risk Officer salary is 3.5% lower than national average salary.
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Jobs with different levels of education may pay very differently. Check the Chief Risk Officer salary of your education level.
Geographic variations impact Chief Risk Officer salary levels, due to various factors, such as cost of living, industries, market demand and company budgets. Click below to see pay differences between states.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Chief Risk Officer salary varies from category to category. Click below to see Chief Risk Officer salary in different categories.
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Skills associated with Chief Risk Officer: Compliance Risk Assessment, Operational Risk, Compliance Management, Financial Risk Management Software ...More
Jobs with a similar salary range to Chief Risk Officer : Senior Risk Officer, Risk Executive
Salary estimation for Chief Risk Officer at companies like : Ministerio De Restauraci├│n Jehova-Nissi, Halo Martne Advertising LLC, CLEVERTECH North America