How much does a Risk Manager make in the United States? The average Risk Manager salary in the United States is $120,157 as of May 27, 2022, but the range typically falls between $104,254 and $138,523. 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 2022 Salary.com)... View full job description
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Fiscal Year Ended in 2021
What does a Risk Manager do?
Risk Manager in Charlotte, NC
Once these risks have been identified, assessed and evaluated, risk managers are then tasked with implementing processes and procedures to ensure that their client is fully prepared to deal with any potential threats.
November 28, 2019
Risk Manager in Bradenton, FL
That decision may work if you have a small organization, but as your business grows, so do your assets at risk and your loss exposures.
November 24, 2019
Risk Manager in Des Moines, IA
If risk managers are to play their role in providing the board (and executive management) with credible assurance that the organisation’s risks have been properly scoped and mitigated, they need sufficient authority and independence.
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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 $104,254 to $138,523 with the average base salary of $120,157. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $111,117 to $152,832 with the average total cash compensation of $129,320.