Risk Management Specialist Salary
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How much does a Risk Management Specialist make? The average Risk Management Specialist salary is $128,244 as of August 27, 2024, but the salary range typically falls between $116,542 and $141,271. 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.
Salary range for a Risk Management Specialist
$116,542 to $141,271
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What does a Risk Management Specialist do?
Common responsibilities of a Risk Management Specialist
Demonstrate the ability to identify changes to Credit Union processes, procedures, or regulatory requirements that will impact the duties of the department and proactively recommend updates to departmental processes and procedures to adapt to Credit Union changes in a timely manner.
November 08, 2022
Assists in the maintenance, integrity and data quality of the franchisee insurance certificate tracking program, including database management, as well as communication with franchisees, Area Directors and other internal stakeholders relative to insurance compliance.
March 09, 2023
Assist with the validation of financial and compliance models utilized by the Credit Union based on regulatory guidelines, which may include assessing model documentation, model objectives and use, model data, outcome analysis, ongoing monitoring, governance, and backtesting.
March 29, 2023
Provides recommendations for improvements to the business continuity/disaster recovery program and works with business units to implement approved changes to the business continuity/disaster recovery program process.
April 21, 2023
Participates in the identification, selection, & coordination of the use of TPA's and consultants for property damage claims, subrogation, workers compensation & general liability claims adjudication.
April 30, 2023
Review and challenge of Banking business liquidity, interest rate and capital risk exposures through both ad-hoc and routine engagement within Risk, CFO and the LOB teams (including Risk Identification, State of Risk Reviews, and resulting SIAI/RIAI administration).
May 07, 2023
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Explore JobArchitectRisk Management Specialist Salary in Major Cities
This chart shows the salary comparison for Risk Management Specialist between major cities. San Francisco City consistently ranks #1 as of August 27, 2024. Click on the chart to see the detail salary data for Risk Management Specialist in each city.
Risk Management Specialist 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
Risk Management Specialist Salary by City
Click to see the salary for Risk Management Specialist in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $160,304 |
| Washington, DC | $142,735 |
| Miami, FL | $123,755 |
| Chicago, IL | $134,528 |
| Boston, MA | $143,761 |
| New York, NY | $149,788 |
| Dallas, TX | $126,576 |
If you'd like know Risk Management Specialist Salary in other cities, then please select a city in
Average Salary Range for Risk Management Specialist
Average Base Salary
Core compensation
116542
141271
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Risk Management Specialist in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Risk Management Specialist in the United States. The base salary for Risk Management Specialist ranges from $116,542 to $141,271 with the average base salary of $128,244. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $124,047 to $154,304 with the average total cash compensation of $137,985.
View Average Salary for Risk Management Specialist as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $128,244 | $116,542 - $141,271 |
| Bonus | $9,741 | $7,505 - $13,033 |
| Total Pay | $137,985 | $124,047 - $154,304 |
* 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 Risk Management Specialist online for free
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Please enter the following pay factors for Risk Management Specialist, 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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116542
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Similar Jobs to Risk Management Specialist
Comments about Risk Management Specialist
What's the difference between Environmental Risk Management Specialist and Risk Management Specialist?
According to our latest salary estimation on August 27, 2024. The average salary of Risk Management Specialist is $128,244, and the average salary of Environmental Risk Management Specialist is $109,919. The average salary of Environmental Risk Management Specialist is lower than Risk Management Specialist. ( 2024-08-27 salary.com )
I am a Risk Management Specialist, which location’s salary is higher, Twin Falls, ID or Pasadena, TX?
Pasadena, TX typically sees higher pay than Twin Falls, ID for Risk Management Specialist. a Risk Management Specialist Salary in Pasadena, TX is $128,115 as of August 27, 2024; a Risk Management Specialist Salary in Twin Falls, ID is $113,239 as of August 27, 2024. ( 2024-08-27 salary.com )
Risk Management Specialist Frequently Asked Questions
Why does the salary of a Risk Management Specialist 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. ( 2024-08-27 salary.com )
What are the Pay Factors for Risk Management Specialist?
Salary ranges for a Risk Management Specialist 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 ( 2024-08-27 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. ( 2024-08-27 salary.com )
Recently searched related titles: Risk Management Advisor, Healthcare Risk Management Specialist
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: August 27, 2024