How much does a Risk Manager make in Missouri? The average Risk Manager salary in Missouri is $118,395 as of February 26, 2024, but the range typically falls between $105,778 and $132,682. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Risk Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Risk Manager Salary $94,291 MO February 26, 2024
25th Percentile Risk Manager Salary $105,778 MO February 26, 2024
50th Percentile Risk Manager Salary $118,395 MO February 26, 2024
75th Percentile Risk Manager Salary $132,682 MO February 26, 2024
90th Percentile Risk Manager Salary $145,690 MO February 26, 2024
25% $105,778 10% $94,291 90% $145,690 75% $132,682 $118,395 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.

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.

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.

3.

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 Salary.com)... View full job description

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Job Openings for Risk Manager in Missouri

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Location Avg. Salary Date Updated
Location Saint Peters, MO Avg. Salary $121,413 Date Updated February 26, 2024
Location Adrian, MO Avg. Salary $120,724 Date Updated February 26, 2024
Location Advance, MO Avg. Salary $121,346 Date Updated February 26, 2024
Location Agency, MO Avg. Salary $120,713 Date Updated February 26, 2024
Location Alba, MO Avg. Salary $115,158 Date Updated February 26, 2024
Location Albany, MO Avg. Salary $120,724 Date Updated February 26, 2024
Location Aldrich, MO Avg. Salary $115,158 Date Updated February 26, 2024
Location Alexandria, MO Avg. Salary $116,692 Date Updated February 26, 2024
Location Allendale, MO Avg. Salary $118,875 Date Updated February 26, 2024
Location Allenton, MO Avg. Salary $121,346 Date Updated February 26, 2024

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.

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Jobs with a similar salary range to Risk Manager : Regional Risk Manager, Market Risk Manager, Mitigation Manager

Risk Manager Salary in Missouri
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