How much does a Chief Risk Officer make in Washington? The average Chief Risk Officer salary in Washington is $298,576 as of February 26, 2024, but the range typically falls between $253,327 and $348,852. 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.

Chief Risk Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Chief Risk Officer Salary $212,130 WA February 26, 2024
25th Percentile Chief Risk Officer Salary $253,327 WA February 26, 2024
50th Percentile Chief Risk Officer Salary $298,576 WA February 26, 2024
75th Percentile Chief Risk Officer Salary $348,852 WA February 26, 2024
90th Percentile Chief Risk Officer Salary $394,627 WA February 26, 2024
25% $253,327 10% $212,130 90% $394,627 75% $348,852 $298,576 50%(Median) Didn’t find job title? Click
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What skills does a Chief Risk Officer 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.

Portfolio Management: Portfolio management is the selection, prioritisation and control of an organisation's programmes and projects. The goal is to balance the implementation of change initiatives and the maintenance of business-as-usual, while optimising ROI.

3.

Credit Risk: Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations.

Risk Management 25.71%
Portfolio Management 1.18%
Credit Risk 1.85%
Others 71.26%

Job Description for Chief Risk Officer

Chief Risk Officer oversees all aspects of an organization's risk management function. Responsible for planning and developing business analysis, risk modeling, and loss prevention programs. Being a Chief Risk Officer designs strategic initiatives to protect assets from economic, market, and regulatory risks that the organization is exposed to. Requires a bachelor's degree. Additionally, Chief Risk Officer typically reports to Chief Executive Officer (CEO). Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Chief Risk Officer in Washington

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Location Avg. Salary Date Updated
Location Aberdeen, WA Avg. Salary $287,314 Date Updated February 26, 2024
Location Acme, WA Avg. Salary $285,430 Date Updated February 26, 2024
Location Addy, WA Avg. Salary $271,721 Date Updated February 26, 2024
Location Adna, WA Avg. Salary $287,314 Date Updated February 26, 2024
Location Airway Heights, WA Avg. Salary $273,947 Date Updated February 26, 2024
Location Albion, WA Avg. Salary $271,721 Date Updated February 26, 2024
Location Allyn, WA Avg. Salary $299,511 Date Updated February 26, 2024
Location Almira, WA Avg. Salary $271,721 Date Updated February 26, 2024
Location Amanda Park, WA Avg. Salary $287,314 Date Updated February 26, 2024
Location Amboy, WA Avg. Salary $287,141 Date Updated February 26, 2024
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Chief Risk Officer Salary in Washington
Chief Risk Officer Salary Graph, Regional Distribution and Summary