How much does a Financial Risk Manager make? The average Financial Risk Manager salary is $95,024 as of October 28, 2020, but the salary range typically falls between $84,827 and $109,759. 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.
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What does a Financial Risk Manager do?
Financial Risk Manager
Support teams across the business areas with change control, process mapping and overall operational effectiveness.
February 01, 2020
Developing technical capabilities in a wide range of subjects including credit risk measurement and management, strategic governance, portfolio management, risk appetite, credit risk policy, and rating methodologies.
February 21, 2020
Leading multiple teams, often across two or more clients, industry types, and engagement sizes, to consistently deliver high quality work products within expected timeframes and budget.
February 25, 2020
Creates transition plans, identifies lessons learned, and applies the lessons learned to future projects.
April 09, 2020
Demonstrated experience with audit industry documentation standards (preparation of workpapers, flowcharting, narratives, walkthroughs, and control testing).
April 10, 2020
Understanding of risk management practices and a deep knowledge and experience with applicable laws, regulations, guidelines and frameworks within the financial industry such as FFIEC, NIST, ISO27001, GLBA and OCC Heightened Standards.
April 12, 2020
Manage global FX exposure forecasting process including coordinating with regional treasury centers and business stakeholders.
May 29, 2020
Financial Risk Manager Salary in Major Cities
This chart shows the salary comparison for Financial Risk Manager between major cities. San Francisco City consistently ranks #1 as of October 28, 2020. Click on the chart to see the detail salary data for Financial Risk Manager in each city.
Financial Risk Manager Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
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- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Financial Risk Manager Salary by City
Click to see the salary for Financial Risk Manager in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $118,780 |
| Washington, DC | $105,781 |
| Miami, FL | $92,507 |
| Chicago, IL | $100,810 |
| Boston, MA | $107,064 |
| New York, NY | $114,314 |
| Dallas, TX | $94,407 |
If you'd like know Financial Risk Manager Salary in other cities, then please select a city in
Average Salary Range for Financial Risk Manager
Average Base Salary
Core compensation
84827
109759
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Financial Risk Manager in 2020?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Financial Risk Manager in the United States. The base salary for Financial Risk Manager ranges from $84,827 to $109,759 with the average base salary of $95,024. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $98,934 to $165,647 with the average total cash compensation of $133,500.
View Average Salary for Financial Risk Manager as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $95,024 | $84,827 - $109,759 |
| Bonus | $38,475 | $14,107 - $55,888 |
| Total Pay | $133,500 | $98,934 - $165,647 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Estimate Salary for Financial Risk Manager online for free
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Financial Risk Manager, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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Comments about Financial Risk Manager
What's the difference between Credit Risk Manager and Financial Risk Manager?
According to our latest salary estimation on October 28, 2020. The average salary of Financial Risk Manager is $95,024, and the average salary of Credit Risk Manager is $121,049. The average salary of Credit Risk Manager is higher than Financial Risk Manager. ( 2020-10-28 salary.com )
I am a Financial Risk Manager, which location’s salary is higher, Barnstable, MA or New Britain, CT?
New Britain, CT typically sees higher pay than Barnstable, MA for Financial Risk Manager. a Financial Risk Manager Salary in New Britain, CT is $102,627 as of October 28, 2020; a Financial Risk Manager Salary in Barnstable, MA is $100,205 as of October 28, 2020. ( 2020-10-28 salary.com )
Financial Risk Manager Frequently Asked Questions
Why does the salary of a Financial Risk Manager vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2020-10-28 salary.com )
What are the Pay Factors for Financial Risk Manager?
Salary ranges for a Financial Risk Manager can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2020-10-28 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2020-10-28 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: October 28, 2020