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How much does a Risk Management Manager make?

The average salary for a Risk Management Manager is $139,441 per year in the US.

A Risk Management Manager plays a crucial role in protecting a company from financial losses. This job involves identifying, assessing, and managing risks. The average yearly salary for this position is around $139,441. This figure can vary based on experience, location, and the industry.

The salary range for Risk Management Managers can be quite broad. At the lower end, some managers earn around $57,390 per year. As experience and expertise grow, salaries can reach up to $225,621 annually. This wide range reflects the importance of the role and the potential for career growth. Companies often value skilled risk managers who can help them avoid costly mistakes.

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What are the highest paying cities for a Risk Management Manager?

Risk Management Managers can find some of the highest paying jobs in San Francisco, California, where the average salary reaches $160,014. Tampa, Florida, and Seattle, Washington, also offer competitive salaries, with averages of $159,943 and $159,508, respectively. These cities provide excellent opportunities for those in the field of risk management.
Graph displaying highest paying cities salaries for Risk Management Manager jobs, highlighting San Francisco, CA with the highest at $160,014 and Detroit, MI with the lowest at $146,311.
  1. San Francisco, CA
    Average Salary: $160,014
    In San Francisco, professionals manage risks for tech giants like Google and Salesforce. The city's dynamic environment demands sharp analytical skills. Opportunities for growth are plentiful with the tech boom.
    Find Risk Management Manager jobs in San Francisco, CA


  2. Tampa, FL
    Average Salary: $159,943
    Tampa offers a mix of industries for risk management. Companies like Raymond James and TECO Energy provide diverse challenges. The warm climate makes for a pleasant work environment.
    Find Risk Management Manager jobs in Tampa, FL


  3. Seattle, WA
    Average Salary: $159,508
    Seattle, home to Amazon and Microsoft, offers exciting risk management roles. Professionals here focus on tech and e-commerce risks. The city's innovative spirit drives continuous learning.
    Find Risk Management Manager jobs in Seattle, WA


  4. Charlotte, NC
    Average Salary: $152,216
    Charlotte is a financial hub with companies like Bank of America and Wells Fargo. Risk managers here play a crucial role in the banking sector. The city offers a balanced lifestyle with its growing urban scene.
    Find Risk Management Manager jobs in Charlotte, NC


  5. Cincinnati, OH
    Average Salary: $152,013
    Cincinnati provides a mix of industry sectors for risk management. Companies like Procter & Gamble and Kroger offer stable environments. The city's affordability makes it an attractive option for professionals.
    Find Risk Management Manager jobs in Cincinnati, OH


  6. Buffalo, NY
    Average Salary: $151,649
    Buffalo offers a blend of manufacturing and healthcare sectors. Companies like M&T Bank and Highmark Blue Cross Blue Shield need skilled risk managers. The city's rich history and culture add to the experience.
    Find Risk Management Manager jobs in Buffalo, NY


  7. Washington, DC
    Average Salary: $148,787
    Washington, DC, is a political and financial center. Risk managers here work with government agencies and financial institutions. The city's vibrant culture and networking opportunities enhance professional growth.
    Find Risk Management Manager jobs in Washington, DC


  8. Indianapolis, IN
    Average Salary: $147,934
    Indianapolis offers a mix of automotive and healthcare sectors. Companies like Eli Lilly and GM need strong risk management. The city's vibrant arts scene and friendly community make it a great place to live and work.
    Find Risk Management Manager jobs in Indianapolis, IN


  9. Dallas, TX
    Average Salary: $147,582
    Dallas is a major business hub with companies like AT&T and ExxonMobil. Risk managers here deal with diverse industries. The city's warm climate and strong economy provide a dynamic work environment.
    Find Risk Management Manager jobs in Dallas, TX


  10. Detroit, MI
    Average Salary: $146,311
    Detroit offers a mix of automotive and manufacturing sectors. Companies like Ford and General Motors need skilled risk managers. The city's rich history and revitalization efforts create a unique work atmosphere.
    Find Risk Management Manager jobs in Detroit, MI

What are the best companies a Risk Management Manager can work for?

Synchrony leads the pack for top-paying Risk Management Manager roles, offering an average salary of $230,000. KPMG and PwC follow closely, with average salaries around $195,927 and $183,119, respectively. Baker Tilly, EY, and Citi also provide competitive salaries, making them attractive options for those in the field.
Graph displaying best paying company salaries for Risk Management Manager jobs, highlighting Synchrony with the highest at $230,000 and Amazon.com with the lowest at $154,942.
  1. Synchrony
    Average Salary: $230,000
    Synchrony offers Risk Management Manager jobs with a focus on financial services. They operate in multiple locations, including the United States and Canada. Their roles emphasize managing financial risks and ensuring compliance.


  2. KPMG
    Average Salary: $195,927
    KPMG provides Risk Management Manager jobs with a focus on consulting and advisory services. They have offices worldwide, including the United States, Europe, and Asia. Their roles involve assessing and mitigating risks for clients.


  3. PwC
    Average Salary: $183,119
    PwC offers Risk Management Manager jobs with a focus on assurance, tax, and advisory services. They operate globally, with major offices in the United States, the UK, and Australia. Their roles include risk assessment and strategic planning.


  4. Baker Tilly
    Average Salary: $182,399
    Baker Tilly provides Risk Management Manager jobs with a focus on accounting and consulting. They have offices in the United States and internationally. Their roles emphasize risk management and financial oversight.


  5. EY
    Average Salary: $171,870
    EY offers Risk Management Manager jobs with a focus on assurance, tax, and consulting. They operate in many countries, including the United States, the UK, and India. Their roles involve risk evaluation and strategic risk management.


  6. Citi
    Average Salary: $169,405
    Citi provides Risk Management Manager jobs with a focus on banking and financial services. They have a global presence, with major offices in the United States, Europe, and Asia. Their roles include managing financial risks and ensuring regulatory compliance.


  7. Freddie Mac
    Average Salary: $168,000
    Freddie Mac offers Risk Management Manager jobs with a focus on mortgage-related services. They operate in the United States. Their roles involve managing credit and market risks in the mortgage industry.


  8. Huntington Bank
    Average Salary: $163,615
    Huntington Bank provides Risk Management Manager jobs with a focus on banking services. They operate in the United States, primarily in the Midwest. Their roles include managing financial risks and ensuring operational efficiency.


  9. Rsm
    Average Salary: $155,732
    Rsm offers Risk Management Manager jobs with a focus on accounting and consulting. They have offices in the United States and internationally. Their roles emphasize risk management and financial advisory services.


  10. Amazon.com
    Average Salary: $154,942
    Amazon.com provides Risk Management Manager jobs with a focus on e-commerce and technology. They operate globally, with major offices in the United States and internationally. Their roles include managing operational and strategic risks.

How to earn more as a Risk Management Manager?

A Risk Management Manager plays a crucial role in protecting an organization from potential threats. To earn more in this role, consider these key factors. Gaining relevant experience and certifications can boost earning potential. Specialized skills in areas like cybersecurity or financial risk management often command higher salaries. Networking within the industry can open doors to higher-paying opportunities. Seeking roles in high-demand sectors, such as finance or healthcare, can also lead to better compensation. Continuous learning and staying updated with industry trends ensure a competitive edge in the job market.

Another important factor is location. Risk Management Managers often earn more in areas with a high cost of living or where demand for risk management is greater. Urban centers and financial hubs typically offer higher salaries. Performance and results also play a significant role. Demonstrating a track record of successful risk management strategies can lead to salary increases or bonuses. Lastly, consider negotiating effectively. Understanding market rates and being prepared to discuss your value can lead to better compensation packages.

Here are five factors to consider for earning more as a Risk Management Manager:

  1. Gain relevant experience and certifications.
  2. Develop specialized skills in high-demand areas.
  3. Network within the industry to find higher-paying opportunities.
  4. Seek roles in high-demand sectors like finance or healthcare.
  5. Stay updated with industry trends and continuously learn.

Currently 264 Risk Management Manager job openings, nationwide.

How's the job market for a Risk Management Manager in the US?

Learn what a Risk Management Manager does, how to become one, and understand the job outlook. Get simple steps to start your career as a Risk Management Manager today.
Position
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Risk Management Manager
264 Job Openings