▼5%
C$72,617
Avg. Base Salary (CAD)
/ year
Avg. Base Salary (CAD)
10%
CA$49k
MEDIAN
CA$73k
90%
CA$106k
The average salary for a Risk Management Specialist is C$72,617 in 2025
Base Salary
C$49k - C$106k
Bonus
C$5k - C$9k
Total Pay
C$51k - C$106k
Is Average Risk Management Specialist Salary in Toronto, Ontario your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
EXPLORE BY:
Featured Content
‹
Remote Work
New research shows how to set pay for remote employees
Gender Pay Gap
New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education.
Compensation Best Practices Report
From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation.
Salary Budget Survey Report
See how organizations are shifting their salary budgets this year.
Retention Report
Get strategies you can use to retain top talent and learn how impactful employee retention really is.
Variable Pay Playbook
Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices.
›
What is the Pay by Experience Level for Risk Management Specialists?
▲31%
What Do Risk Management Specialists Do?
Find your market worth – how it works:
Common Health Benefits for a Risk Management Specialist
Medical
93%
Dental
93%
Vision
64%
None
7%
Gender Breakdown for Risk Management Specialists
Male
66.7%
Female
33.3%
This data is based on 6 survey responses. Learn more about the gender pay gap.
FAQs About Risk Management Specialists
What is the highest pay for Risk Management Specialists in Toronto?
Our data indicates that the highest pay for a Risk Management Specialist in Toronto is CA$106k / year
What is the lowest pay for Risk Management Specialists in Toronto?
Our data indicates that the lowest pay for a Risk Management Specialist in Toronto is CA$49k / year
How can Risk Management Specialists increase their salary?
Increasing your pay as a Risk Management Specialist is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Risk Management Specialist that oversees more junior Risk Management Specialists, this experience can increase the likelihood to earn more.