How much does a Chief Risk Officer make in the United States? The average Chief Risk Officer salary in the United States is $278,289 as of February 26, 2024, but the range typically falls between $236,114 and $325,149. 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, helps you determine your exact pay target. 

Chief Risk Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Chief Risk Officer Salary $197,716 US February 26, 2024
25th Percentile Chief Risk Officer Salary $236,114 US February 26, 2024
50th Percentile Chief Risk Officer Salary $278,289 US February 26, 2024
75th Percentile Chief Risk Officer Salary $325,149 US February 26, 2024
90th Percentile Chief Risk Officer Salary $367,813 US February 26, 2024
25% $236,114 10% $197,716 90% $367,813 75% $325,149 $278,289 50%(Median) Didn’t find job title? Click
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What skills does a Chief Risk Officer need?

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.

Risk Management 0.44%
Portfolio Management 0.02%
Credit risk 0.03%
Others 99.51%

Job Description for Chief Risk Officer

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 View full job description

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Job Openings for Chief Risk Officer
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H. Andrew DeFerrari, Senior Vice President, Chief Financial Officer and Treasurer
Dycom Industries, Inc. provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coax... More
Fiscal Year Ended in 2023
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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 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average

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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Risk Officer in the United States. The base salary for Chief Risk Officer ranges from $236,114 to $325,149 with the average base salary of $278,289. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $294,104 to $509,413 with the average total cash compensation of $381,371.
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Skills associated with Chief Risk Officer: Risk Assessment, Organizational Policy Development, Loss Prevention, Sarbanes-Oxley Compliance ...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

Chief Risk Officer Salary in United States
Chief Risk Officer Salary Graph, Regional Distribution and Summary