Vice President, Risk Management Salary at Enterprise Bancorp Inc BETA

How much does an Enterprise Bancorp Inc Vice President, Risk Management make?

As of April 2025, the average annual salary for a Vice President, Risk Management at Enterprise Bancorp Inc is $170,763, which translates to approximately $82 per hour. Salaries for Vice President, Risk Management at Enterprise Bancorp Inc typically range from $151,504 to $192,803, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Enterprise Bancorp Inc Overview

Website:
enterprisebanking.com
Size:
500 - 1,000 Employees
Revenue:
$50M - $200M
Industry:
Financial Services

Enterprise Bancorp, Inc. operates as the holding company for Enterprise Bank and Trust Company that provides various banking products and services primarily in the greater Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts. It also provides commercial mortgage loans, construction and land development loans, secured and unsecured commercial loans and lines of credit, and standby letters of credit; and conventional residential mortgage loans, home equity loans and lines, residential construction loans on primary and secondary residences, and secured and unsecured personal loans and lines of credit, as well as equipment lease financing services. In addition, the company offers cash management services; various investment advisory and management services, including customized investment management and trust services to individuals, family groups, commercial businesses, trusts, foundations, non-profit organizations, and endowments; and insurance products, such as property and casualty, employee benefits, and risk-management solutions. As of January 26, 2017, it had 23 full-service branch offices located in the Massachusetts communities of Lowell, Acton, Andover, Billerica, Chelmsford, Dracut, Fitchburg, Lawrence, Leominster, Methuen, Tewksbury, Tyngsborough, and Westford; and the New Hampshire communities of Derry, Hudson, Nashua, Pelham, and Salem. The company primarily serves business entities, non-profit organizations, professionals, and individuals. Enterprise Bancorp, Inc. was founded in 1989 and is headquartered in Lowell,...

See similar companies related to Enterprise Bancorp Inc

What Skills Does a person Need at Enterprise Bancorp Inc?

At Enterprise Bancorp Inc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  4. Claims management: Claims Management means the process of identifying, controlling and resolving demands by individuals or public entities to recover losses from any Member of the Association.
  5. Business continuity: Developing and executing innovative plans to ensure interoperability of business systems in the event of an emergency.

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Check more jobs information at Enterprise Bancorp Inc

Job Title Average Enterprise Bancorp Inc Salary Hourly Rate
2 Systems Engineer $122,578 $59
3 Accountant $95,236 $46
4 Accounting $52,535 $25
5 Accounting Operations Specialist $65,917 $32
6 Applications Engineer III $122,969 $59
7 Auditor $102,901 $49
8 Branch Service Manager II $68,573 $33
9 Branch Service Specialist $79,329 $38
10 Call Center Specialist $43,154 $21
11 Call Center Specialist I $43,154 $21
12 Chief Executive Officer $893,586 $430

Hourly Pay at Enterprise Bancorp Inc

The average hourly pay at Enterprise Bancorp Inc for a Vice President, Risk Management is $82 per hour. The location, department, and job description all have an impact on the typical compensation for Enterprise Bancorp Inc positions. The pay range and total remuneration for the job title are shown in the table below. Enterprise Bancorp Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $170,763 look to you?

FAQ about Salary and Jobs at Enterprise Bancorp Inc

1. How much does Enterprise Bancorp Inc pay per hour?
The average hourly pay is $82. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Enterprise Bancorp Inc?
According to the data, the highest approximate salary is about $192,803 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Enterprise Bancorp Inc?
According to the data, the lowest estimated salary is about $151,504 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.