The salary of a Senior Risk Manager in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of January 01, 2025, the average annual salary for a Senior Risk Manager in the United States is $166,798. According to Salary.com, salaries can range from a low of $132,365 to a high of $206,940, with most professionals earning between $148,774 and $187,810.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $187,810 | $15,651 | $3,612 | $90 |
| Average | $166,798 | $13,900 | $3,208 | $80 |
| 25th Percentile | $148,774 | $12,398 | $2,861 | $72 |
An entry-level Senior Risk Manager with less than 1 year of experience earns about $154,570. With 1-2 years of experience, the average salary increases to $156,172. For 2-4 years of experience, the pay typically rises to $158,841. Senior-level professionals with 5-8 years of experience earn around $161,511, and those with over 8 years of experience can expect an average of $166,138.
| Levels | Salary |
|---|---|
| Entry Level Senior Risk Manager | $154,570 |
| Intermediate Level Senior Risk Manager | $156,172 |
| Senior Level Senior Risk Manager | $158,841 |
| Specialist Level Senior Risk Manager | $161,511 |
| Expert Level Senior Risk Manager | $166,138 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 5% |
| Top Level | 3% |
| Experienced | 0% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of January 01, 2025, our research reveals a significant shift in Senior Risk Manager compensation over the past six years. For example, the median salary increased from $144,655 in 2023 to approximately $141,967 in 2024. (For a detailed analysis of Senior Risk Manager salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
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Here are companies hiring for Senior Risk Manager and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $166,798 | 64.9% | ||
| Bonus | $23,307 | 9.1% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $13,210 | 5.1% | ||
| 401K/403B | $7,984 | 3.1% | ||
| Disability | $3,802 | 1.5% | ||
| Healthcare | $8,352 | 3.2% | ||
| Pension | $10,266 | 4.0% | ||
| Time Off | $23,397 | 9.1% | ||
| Total Compensation | $257,116 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 1.4% |
| High School | 4.6% |
| Associates | 3.0% |
| Bachelors | 38.1% |
| Masters | 41.0% |
| Doctorate | 11.9% |
What Am I Worth?
The average annual salary of Senior Risk Manager is $166,798. In case you are finding an easy salary calculator, the average hourly pay of Senior Risk Manager is $80; the average weekly pay of Senior Risk Manager is $3,208; the average monthly pay of Senior Risk Manager is $13,900.
A Senior Risk Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Senior Risk Manager earns the most in San Jose, CA, where the annual salary of a Senior Risk Manager is $209,331.
The highest pay for Senior Risk Manager is $206,940.
The lowest pay for Senior Risk Manager is $132,365.
Senior 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 Senior 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, Senior 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 Senior Risk Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Senior Risk Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
Claim Handling: involved in managing a claim from the start through to settlement, making decisions on the extent and validity of a claim, and checking for any potential fraudulent activity.
Litigation Management: Litigation Management refers to the practices put into place by a company or entity to avoid the risk and potential of a lawsuit.
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