▼34%
R903,240
Avg. Base Salary (ZAR)
/ year
Avg. Base Salary (ZAR)
10%
ZAR 591k
MEDIAN
ZAR 903k
90%
ZAR 1m
The average salary for a Senior Risk Manager is R903,240 in 2025
Base Salary
R591k - R1m
Bonus
R36k - R205k
Profit Sharing
R105k - R900k
Total Pay
R602k - R2m
Is Average Senior Risk Manager with Risk Management / Risk Control Skills Salary in South Africa your job title? Find out what you should be paid
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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:
Common Health Benefits for a Senior Risk Manager
Medical
71%
Dental
20%
Vision
20%
None
29%
Gender Breakdown for Senior Risk Managers
Male
57.1%
Female
42.9%
This data is based on 28 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 ZAR 1m / year
What is the lowest pay for Senior Risk Managers?
Our data indicates that the lowest pay for a Senior Risk Manager is ZAR 591k / 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.