▼25%
$123,520
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$84k
MEDIAN
$124k
90%
$167k
The average salary for a Senior Risk Manager is $123,520 in 2025
Base Salary
$84k - $167k
Bonus
$5k - $29k
Profit Sharing
$1k - $30k
Total Pay
$81k - $184k
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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:
How do Senior Risk Managers Rate Their Jobs?
Based on 29 responses, the job of Senior Risk Manager has received a job satisfaction rating of 4.11 out of 5. On average, Senior Risk Managers are highly satisfied with their job.
Common Health Benefits for a Senior Risk Manager
Medical
93%
Dental
89%
Vision
85%
None
5%
Gender Breakdown for Senior Risk Managers
Female
53.6%
Male
45.4%
Prefer to self-define
1.0%
This data is based on 97 survey responses. Learn more about the gender pay gap.
FAQs About Senior Risk Managers
What is the highest pay for Senior Risk Managers?
Our data indicates that the highest pay for a Senior Risk Manager is $167k / year
What is the lowest pay for Senior Risk Managers?
Our data indicates that the lowest pay for a Senior Risk Manager is $84k / 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.