▼5%
C$103,452
Avg. Base Salary (CAD)
/ year
Avg. Base Salary (CAD)
10%
CA$86k
MEDIAN
CA$103k
90%
CA$134k
The average salary for a Senior Risk Manager is C$103,452 in 2025
Base Salary
C$86k - C$134k
Bonus
C$9k - C$21k
Profit Sharing
C$0 - C$18k
Total Pay
C$96k - C$152k
Is Average Mid-Career Senior Risk Manager 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 Senior Risk Managers?
What Do Senior Risk Managers Do?
Senior Risk Manager Tasks
- Ensure processes for reporting and managing risks are followed.
- Identify and mitigate risks to a company's assets, reputation, and interests.
- Manage company insurance policies and strategies for reducing liability.
- Write reports and inform senior management of risks identified and resolved.
Find your market worth – how it works:
Common Health Benefits for a Senior Risk Manager
Medical
100%
Dental
83%
Vision
78%
Gender Breakdown for Senior Risk Managers
Female
50.0%
Male
50.0%
This data is based on 10 survey responses. Learn more about the gender pay gap.
FAQs About Senior Risk Managers
What is the highest pay for Senior Risk Managers in Toronto?
Our data indicates that the highest pay for a Senior Risk Manager in Toronto is CA$134k / year
What is the lowest pay for Senior Risk Managers in Toronto?
Our data indicates that the lowest pay for a Senior Risk Manager in Toronto is CA$86k / year
How can Senior Risk Managers increase their salary?
Increasing your pay as a Senior Risk Manager 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 Senior Risk Manager that oversees more junior Senior Risk Managers, this experience can increase the likelihood to earn more.