How much does a Risk Manager make in the United States? The average Risk Manager salary in the United States is $111,765 as of May 28, 2020, but the range typically falls between $96,890 and $127,934. 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.
Risk Manager develops and administers risk-management and loss-prevention programs. Initiates policies to comply with safety legislation and industry practices. Being a Risk Manager researches and reports on the most cost effective plans to minimize asset liability. Acts as the liaison to attorneys, insurance companies and individuals, investigating any incidences that may result in asset loss. Additionally, Risk Manager reviews and analyzes risk management programs for the effectiveness of coverage and to reduce costs and losses. Requires a bachelor's degree. Typically reports to top management. 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. Extensive knowledge of department processes. To be a Risk Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2020 Salary.com)... View full job description
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Fiscal Year Ended in 2019
What does a Risk Manager do?
Risk Manager in Abbott Park, IL
Provide guidance to product teams regarding risk identification, assessment, control and communication.
November 06, 2019
Determine changes, improvements and investments needed to support the Risk Management process in the Quality System and to leverage new and evolving regulatory guidance.
January 16, 2020
Demonstrated ability to mediate and resolve conflict.
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Understand the total compensation opportunity for a Risk Manager, base salary plus other pay elements
Average Base Salary
Average Total Cash Compensation
Includes base and annual incentives
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 $96,890 to $127,934 with the average base salary of $111,765. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $101,881 to $139,455 with the average total cash compensation of $119,058.