How much does a Financial Risk Manager make? The average Financial Risk Manager salary is $98,264 as of April 26, 2022, but the salary range typically falls between $87,718 and $113,503. 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
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.
August 07, 2021
Support teams across the business areas with change control, process mapping and overall operational effectiveness.
August 13, 2021
Demonstrated experience with audit industry documentation standards (preparation of workpapers, flowcharting, narratives, walkthroughs, and control testing).
August 28, 2021
Assist in structuring purchase price adjustment mechanisms and other relevant projections in stock purchase agreements.
September 24, 2021
Act as the main point of contact on all FX and commodity derivative related questions and activities originating in Corporate Accounting and Internal or External Audit.
September 25, 2021
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.
November 19, 2021
Provide insight into potential process improvements and support management to ensure that they implement adequate financial controls within new processes, as needed.
November 28, 2021
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 April 26, 2022. 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
- Massachusetts
- 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 | $122,830 |
| Washington, DC | $109,387 |
| Miami, FL | $95,661 |
| Chicago, IL | $104,247 |
| Boston, MA | $110,714 |
| New York, NY | $118,211 |
| Dallas, TX | $97,625 |
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
87718
113503
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Financial Risk Manager in 2022?
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 $87,718 to $113,503 with the average base salary of $98,264. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $102,310 to $171,283 with the average total cash compensation of $138,040.
View Average Salary for Financial Risk Manager as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $98,264 | $87,718 - $113,503 |
| Bonus | $39,776 | $14,592 - $57,780 |
| Total Pay | $138,040 | $102,310 - $171,283 |
* 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
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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 April 26, 2022. The average salary of Financial Risk Manager is $98,264, and the average salary of Credit Risk Manager is $125,196. The average salary of Credit Risk Manager is higher than Financial Risk Manager. ( 2022-04-26 salary.com )
I am a Financial Risk Manager, which location’s salary is higher, San Bernardino, CA or Arlington, MA?
Arlington, MA typically sees higher pay than San Bernardino, CA for Financial Risk Manager. a Financial Risk Manager Salary in Arlington, MA is $110,714 as of April 26, 2022; a Financial Risk Manager Salary in San Bernardino, CA is $104,684 as of April 26, 2022. ( 2022-04-26 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. ( 2022-04-26 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 ( 2022-04-26 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. ( 2022-04-26 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: April 26, 2022