Operational Risk Manager Salary in the United Kingdom
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How much does a Operational Risk Manager make in the United Kingdom? The average Operational Risk Manager salary in the United Kingdom is £64,363 as of March 12, 2021, but the range typically falls between £48,105 and £76,515. 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 global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.
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What does a Operational Risk Manager do?
Operational Risk Manager
Nagoya, JP
Risk Managers must have excellent quantitative and analytical skills, along with the ability to apply those skills across a variety of business processes.
02/17/2021
Operational Risk Manager
Osaka, JP
If a candidate does not have a degree, a career in risk management is certainly still possible, but would mean working up the career path, likely starting at an administrative level.
02/17/2021
Operational Risk Manager
Beijing, CN
They provide hands-on development of risk models involving market, credit and operational risk, assure controls are operating effectively, and provide research and analytical support.
02/08/2021
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About United Kingdom
The total area of the United Kingdom is approximately 244,820 square kilometres (94,530 sq mi). The country occupies the major part of the British Isles archipelago and includes the island of Great Britain, the north-eastern one-sixth of the island of Ireland and some smaller surrounding islands. It lies between the North Atlantic Ocean and the North Sea with the south-east coast coming within 22 miles (35 km) of the coast of northern France, from which it is separated by the English Channel. In 1993 10 per cent of the UK was forested, 46 per cent used for pastures and 25 per cent cultivated f...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
Operational Risk Manager Pay Difference by Cities
| City, Country | Compared to national average |
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| City, Country London, UK |
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| City, Country Manchester, UK |
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| City, Country Liverpool, UK |
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| City, Country Leicester, UK |
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| City, Country Birmingham, UK |
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| City, Country Brighton and Hove, UK |
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Employees with Operational Risk Manager in their job title in London, UK earn an average of 6.9% more than the national average. The lower salaries can be found in Leicester, UK (6.2% less), Liverpool, UK (5.5% less), Birmingham, UK (5.2% less), Manchester, UK (5.2% less).
Similar Jobs to Operational Risk Manager in the United Kingdom
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| Job Title | Salary Range in GBP |
|---|---|
| Job Title Credit Risk Analysis Manager |
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| Job Title Credit Risk Officer I |
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| Job Title Credit Risk Officer III |
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| Job Title Operational Risk Analyst III |
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| Job Title Operational Risk Management Director |
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Understand the base salary paid range for a Operational Risk Manager in the United Kingdom
Average Base Salary
Core compensation
48105
76515
The chart shows the base salary for Operational Risk Manager ranges from £48,105 to £76,515 with the average base salary of £64,363. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Operational Risk Manager may get paid difference by industry, location, and factors.
Operational Risk Manager Frequently Asked Questions in the United Kingdom
What is the salary range for a Operational Risk Manager in United Kingdom? What is the average hourly rate?
The average salary for a Operational Risk Manager in United Kingdom is £64,363 per year. The salary range for a Operational Risk Manager is between £48,105 and £76,515. While we are seeing hourly wages as high as £37 and as low as £23, the majority of Operational Risk Managers are currently paid an average of £31 in United Kingdom. The average salary pay range for a Operational Risk Manager can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a Operational Risk Manager in United Kingdom can differ based on any or all of these varying factors.
March 12, 2021
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Why should you negotiate salary for a Operational Risk Manager role? What are effective negotiation strategies?
Most hiring managers in United Kingdom expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the Operational Risk Manager position that you can in United Kingdom. This starting salary of the Operational Risk Manager position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the Operational Risk Manager position in United Kingdom, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs.
March 12, 2021
salary.com
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How do you evaluate the advantages, opportunities, and salary for a Operational Risk Manager role located in large metropolitan city or in a small town?
Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of a Operational Risk Manager in the United Kingdom can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. a Operational Risk Manager job in a large city of the United Kingdom may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the United Kingdom also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which Operational Risk Manager job is right for you.
March 12, 2021
salary.com
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Last Update: March 12, 2021