How much does a Risk Specialist make?
A Risk Specialist plays a key role in identifying and managing risks for businesses. This role often involves analyzing data, creating reports, and advising on risk management strategies. The average yearly salary for a Risk Specialist is around $99,960. This figure can vary based on experience, location, and industry.
The salary range for Risk Specialist positions can be quite broad. The lowest 10% of earners make about $40,580 per year. The highest 10% earn over $197,300 annually. This wide range reflects the different levels of expertise and responsibility within the role. Many factors, such as the company size, industry, and geographic location, can influence these figures. For those looking to advance in this field, gaining experience and additional certifications can lead to higher earning potential.
What are the highest paying cities for a Risk Specialist?

-
Washington, DC
Average Salary: $132,922
In Washington, DC, professionals in risk management play a key role in government and large corporations. They assess risks for federal agencies and big firms. The city offers many opportunities for those with expertise in regulatory compliance.
Find Risk Specialist jobs in Washington, DC
-
Charlotte, NC
Average Salary: $129,274
Charlotte, NC, known as a banking hub, offers many roles in risk management. Here, specialists work with major banks and financial institutions. They focus on evaluating financial risks and ensuring compliance.
Find Risk Specialist jobs in Charlotte, NC
-
Boston, MA
Average Salary: $123,150
Boston, MA, is home to many educational and healthcare institutions. Risk specialists here work with these organizations to manage potential risks. They help ensure safety and compliance in these important sectors.
Find Risk Specialist jobs in Boston, MA
-
Seattle, WA
Average Salary: $122,400
Seattle, WA, has a strong tech industry. Risk specialists here often work with tech companies and startups. They focus on identifying and managing risks related to technology and innovation.
Find Risk Specialist jobs in Seattle, WA
-
San Francisco, CA
Average Salary: $121,198
San Francisco, CA, is a center for tech and finance. Risk specialists in this city work with leading companies in these fields. They assess risks and help companies stay ahead in a competitive market.
Find Risk Specialist jobs in San Francisco, CA
-
Chicago, IL
Average Salary: $119,643
Chicago, IL, offers many opportunities in finance and insurance. Risk specialists here work with major banks and insurance companies. They play a key role in managing financial risks and ensuring stability.
Find Risk Specialist jobs in Chicago, IL
-
Dallas, TX
Average Salary: $109,592
Dallas, TX, is a major business hub with many opportunities in energy and finance. Risk specialists here work with large companies in these sectors. They focus on managing risks and ensuring business continuity.
Find Risk Specialist jobs in Dallas, TX
-
Austin, TX
Average Salary: $109,010
Austin, TX, is known for its growing tech industry. Risk specialists here work with tech companies and startups. They focus on managing risks related to technology and innovation in a fast-paced environment.
Find Risk Specialist jobs in Austin, TX
-
St. Louis, MO
Average Salary: $106,837
St. Louis, MO, offers a mix of industries including finance and healthcare. Risk specialists here work with companies in these sectors. They focus on managing risks and ensuring compliance with regulations.
Find Risk Specialist jobs in St. Louis, MO
-
Tampa, FL
Average Salary: $106,763
Tampa, FL, has a growing economy with opportunities in healthcare and finance. Risk specialists here work with major companies in these sectors. They focus on managing risks and ensuring the safety of operations.
Find Risk Specialist jobs in Tampa, FL
What are the best companies a Risk Specialist can work for?

-
KPMG
Average Salary: $169,500
KPMG offers Risk Specialist jobs in many areas. They work in financial services, consulting, and technology. KPMG has offices in many cities around the world. They focus on helping clients manage risks and improve their business.
-
Wells Fargo
Average Salary: $163,843
Wells Fargo provides Risk Specialist jobs in banking and finance. They have branches in many U.S. states. Risk Specialists at Wells Fargo help manage financial risks and ensure compliance with regulations.
-
Citi
Average Salary: $157,596
Citi offers Risk Specialist jobs in global banking and financial services. They operate in many countries. Citi's Risk Specialists focus on assessing and managing financial risks for the company.
-
EY
Average Salary: $128,188
EY provides Risk Specialist jobs in assurance, tax, and consulting. They have offices in many cities worldwide. EY's Risk Specialists help clients manage risks and improve their business operations.
-
Amazon.com
Average Salary: $120,329
Amazon.com offers Risk Specialist jobs in various departments. They operate in many countries. Amazon's Risk Specialists focus on managing risks related to technology and supply chain.
-
TD Bank
Average Salary: $114,327
TD Bank provides Risk Specialist jobs in banking and financial services. They have branches in the U.S. and Canada. TD Bank's Risk Specialists help manage financial risks and ensure compliance with regulations.
-
Deloitte
Average Salary: $112,516
Deloitte offers Risk Specialist jobs in assurance, consulting, and financial advisory. They have offices in many countries. Deloitte's Risk Specialists help clients manage risks and improve their business operations.
-
Huntington Bank
Average Salary: $101,516
Huntington Bank provides Risk Specialist jobs in banking and financial services. They have branches in many U.S. states. Huntington Bank's Risk Specialists focus on managing financial risks and ensuring compliance with regulations.
-
USI Insurance Services
Average Salary: $89,191
USI Insurance Services offers Risk Specialist jobs in insurance and financial services. They have offices in many U.S. states. USI's Risk Specialists focus on managing insurance risks and helping clients with their coverage.
-
KSI
Average Salary: $87,500
KSI provides Risk Specialist jobs in insurance and financial services. They have offices in many U.S. states. KSI's Risk Specialists focus on managing insurance risks and helping clients with their coverage.
How to earn more as a Risk Specialist?
A Risk Specialist plays a crucial role in identifying and managing risks. They help organizations avoid potential losses. To earn more in this field, consider these strategies. They can help boost your salary and career growth.
First, gaining more experience can lead to higher pay. Specialists with several years in the field often earn more than those just starting out. Experience shows employers that you can handle complex tasks. It also shows you understand the industry well. Second, earning additional certifications can increase your value. Certifications like the Chartered Enterprise Risk Analyst (CERA) or the Financial Risk Manager (FRM) can set you apart. They show you have specialized knowledge. Third, working in a high-demand industry can lead to higher salaries. Industries like finance, insurance, and technology often pay more for risk specialists. Fourth, taking on leadership roles can increase your earnings. Managers and directors in risk management often earn more than entry-level specialists. Finally, networking with other professionals can open up higher-paying opportunities. Attending industry conferences and joining professional associations can help you meet people who can offer new job prospects.
By focusing on these factors, a Risk Specialist can improve their chances of earning more. Each step can lead to better job opportunities and higher pay.
- Gain more experience in the field.
- Earn additional certifications.
- Work in a high-demand industry.
- Take on leadership roles.
- Network with other professionals.



