How much does a Risk Manager make in the United States? The average Risk Manager salary in the United States is $124,513 as of March 26, 2024, but the range typically falls between $111,245 and $139,544. 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. 

Risk Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Risk Manager Salary $99,165 US March 26, 2024
25th Percentile Risk Manager Salary $111,245 US March 26, 2024
50th Percentile Risk Manager Salary $124,513 US March 26, 2024
75th Percentile Risk Manager Salary $139,544 US March 26, 2024
90th Percentile Risk Manager Salary $153,229 US March 26, 2024
25% $111,245 10% $99,165 90% $153,229 75% $139,544 $124,513 50%(Median) Didn’t find job title? Click
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What skills does a Risk Manager 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.


Root Cause Analysis: In science and engineering, root cause analysis (RCA) is a method of problem solving used for identifying the root causes of faults or problems. It is widely used in IT operations, telecommunications, industrial process control, accident analysis (e.g., in aviation, rail transport, or nuclear plants), medicine (for medical diagnosis), healthcare industry (e.g., for epidemiology), etc. RCA can be decomposed into four steps: Identify and describe clearly the problem. Establish a timeline from the normal situation up to the time the problem occurred. Distinguish between the root cause and other causal factors (e.g., using event correlation). Establish a causal graph between the root cause and the problem.RCA generally serves as input to a remediation process whereby corrective actions are taken to prevent the problem from reoccurring. The name of this process varies from one application domain to another.


Accounting: Creating financial statements and reports based on the summary of financial and business transactions.

Risk Management 31.68%
Root Cause Analysis 0.79%
Accounting 1.37%
Others 66.16%

Job Description for Risk Manager

Risk Manager manages and administers an organization's risk-management programs. Implements policies, procedures, and controls to monitor and minimize the risk exposure of assets. Being a Risk Manager researches internal and external risk factors including economic, market, and regulatory risks that may affect the organization. Routinely evaluates the effectiveness of procedures and collaborates with internal stakeholders to monitor changes in the business environment. Additionally, Risk Manager manages statistical analysis and designing of financial models to predict the risk exposure of an organization's assets. Reviews risk analysis reports to ensure risks are identified and managed effectively. Requires a bachelor's degree. Typically reports to a director. The Risk Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Risk Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 View full job description

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See user submitted job responsibilities for Risk Manager. job board provides millions of Risk Manager information for you to search for. Click on search button below to see Risk Manager job openings or enter a new job title here.

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Career Path for Risk Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Risk Manager, the first career path typically progresses to E-commerce Risk Director.

The second career path typically progresses to Insurance Risk Director.

Additionally, the third career path typically starts with a Senior Risk Manager position, and then progresses to Risk Management Director.

Those that have already made the climb...
Raymond V. Damadian, Chairman of the Board; Acting Principal Financial Officer; Director
FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Di... More
Fiscal Year Ended in 2022
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Risk Manager salary varies from city to city. Compared with national average salary of Risk Manager, the highest Risk Manager salary is in San Francisco, CA, where the Risk Manager salary is 25.0% above. The lowest Risk Manager salary is in Miami, FL, where the Risk Manager salary is 3.5% 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
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
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 Risk Manager in the United States. The base salary for Risk Manager ranges from $111,245 to $139,544 with the average base salary of $124,513. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $118,486 to $156,333 with the average total cash compensation of $134,488.
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Skills associated with Risk Manager: Operational Risk, Operational Policy Development, Compliance Monitoring, Loss Prevention ...More

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Risk Manager Salary in United States
Risk Manager Salary Graph, Regional Distribution and Summary