What is the salary range of Chief Risk Officer?

As of December 01, 2024, the average annual pay of Chief Risk Officer in Colorado Springs, CO is $278,642. While Salary.com is seeing that Chief Risk Officer salary in Colorado Springs, CO can go up to $360,431 or down to $202,710, but most earn between $238,897 and $321,453. Salary.com shows 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.

Chief Risk Officer Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $323,069 $26,922 $6,213 $155
Average $280,042 $23,337 $5,385 $135
25th Percentile $240,097 $20,008 $4,617 $115

Average Salary

25% $238,897 10% $202,710 90% $360,431 75% $321,453 $278,642 50%(Median) Didn’t find job title? Click
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Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Chief Risk Officer $252,988
Intermediate Level Chief Risk Officer $256,528
Senior Level Chief Risk Officer $261,249
Specialist Level Chief Risk Officer $268,331
Expert Level Chief Risk Officer $277,183
$252,988 0 yr
$256,528 < 2 yrs
$261,249 2-4 yrs
$268,331 5-8 yrs
$277,183 > 8 yrs
Last Updated on December 01, 2024
Entry Level 10%
Mid Level 8%
Senior Level 7%
Top Level 4%
Experienced 1%
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Last Updated on December 01, 2024

Job Openings of Chief Risk Officer

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Cost of Living In Colorado Springs, CO

Cost of Living in Colorado Springs , CO is
6.1% Higher
than the National Average
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Best-Paid Skills and Qualifications for Chief Risk Officer

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.

1.

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.

2.

Credit Risk: Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations.

3.

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.

Risk Management 25.71%
Credit Risk 1.85%
Portfolio Management 1.18%
Others 71.26%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Chief Risk Officer higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Influencing, you can get a 20% salary raise. If you are good at Accountability, your salary will increase by 16%. If you are expert in AML, your salary will rise by 16%.
Skill Salary Demand
Influencing
$334,371
20%
Accountability
$323,225
16%
AML
$323,225
16%
HIPAA
$320,438
15%
Innovation
$306,506
10%
Purchasing
$306,506
10%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Chief Risk Officer is $278,642 per year in Colorado Springs, CO, updated at December 01, 2024.
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