Average Senior Risk Manager with Regulatory Compliance Skills Salary in Chicago, Illinois

$128,750
Avg. Base Salary (USD)
25%
$101k
MEDIAN
$129k
75%
$147k

The average salary for a Senior Risk Manager is $128,750 in 2025

Base Salary
$101k - $147k
Bonus
$10k - $22k
Total Pay
$104k - $170k
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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.
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FAQs About Senior Risk Managers

What is the highest pay for Senior Risk Managers in Chicago?

Our data indicates that the highest pay for a Senior Risk Manager in Chicago is $NaN / year

What is the lowest pay for Senior Risk Managers in Chicago?

Our data indicates that the lowest pay for a Senior Risk Manager in Chicago is $NaN / 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.