How much does a Chief Risk Officer make?

As of April 01, 2025, the average annual salary for a Chief Risk Officer in the United States is $269,287. Salary.com reports that pay typically ranges from $248,098 to $297,011, with most professionals earning between $228,807 and $322,252.

Chief Risk Officer Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $297,011 $24,751 $5,712 $143
Average $269,287 $22,441 $5,179 $129
25th Percentile $248,098 $20,675 $4,771 $119

Average Salary

25% $248,098 10% $228,807 90% $322,252 75% $297,011 $269,287 50%(Median)
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How much does a Chief Risk Officer make by hour, week, month, and year?

Salary.com provides you with accurate and diversified Chief Risk Officer salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Chief Risk Officer hourly pay, weekly pay, monthly pay and so on.

Last Updated on April 01, 2025

How Does Experience Level Affect a Chief Risk Officer's Salary?

An entry-level Chief Risk Officer with less than 1 year of experience earns about $256,321. With 1-2 years of experience, the average salary increases to $258,218. For 2-4 years of experience, the pay typically rises to $260,748. Senior-level professionals with 5-8 years of experience earn around $264,543, and those with over 8 years of experience can expect an average of $269,287.

Levels Salary
Entry Level Chief Risk Officer $256,321
Intermediate Level Chief Risk Officer $258,218
Senior Level Chief Risk Officer $260,748
Specialist Level Chief Risk Officer $264,543
Expert Level Chief Risk Officer $269,287
$256,321 0 yr
$258,218 < 2 yrs
$260,748 2-4 yrs
$264,543 5-8 yrs
$269,287 > 8 yrs
Last Updated on April 01, 2025
Entry Level 5%
Mid Level 4%
Senior Level 3%
Top Level 2%
Experienced 0%
View as graph
Last Updated on April 01, 2025

How much does salary of Chief Risk Officer vary from city to city?

Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.

For example, as of April 01, 2025:
  • In San Francisco, CA, the average yearly salary for a Chief Risk Officer is $336,313.
  • In New York, NY, the average annual salary is $312,077.
  • In Boston, MA, a Chief Risk Officer earns $300,336 per year.

What is the salary trend of Chief Risk Officer?

As of April 01, 2025, our research reveals a significant shift in Chief Risk Officer compensation over the past six years. For example, the median salary increased from $274,621 in 2023 to approximately $271,071 in 2024. (For a detailed analysis of Chief Risk Officer salary trends, click here.)

Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.

Average Annual Salary of Chief Risk Officer Over Time

2020
$???
2021
$???
2022
$???
$274,621
2023
$271,071
2024
$264,255
2025
2026
$???
Last Updated on April 01, 2025
2020
$???
2021
$???
2022
$???
2023
$274,621
2024
$271,071
2025
$264,255
2026
$???
Last Updated on April 01, 2025

Chief Risk Officer Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $274,621
2024 $271,071
2025 $264,255
2026 View More
Last Updated on April 01, 2025

Job Openings of Chief Risk Officer

Salary.com job board provides millions of Chief Risk Officer information for you to search for. Click on search button below to see Chief Risk Officer job openings or enter a new job title here.

Based on HR-reported data: a national average with a geographic differential
Base Salary 76.0%
Bonuses 0.0%
Social Security 4.0%
401k/403b 3.0%
Disability 1.5%
Healthcare 2.4%
Pension 3.8%
Time Off 9.3%
Core Compensation
Core Compensation Median % of Total
Base Salary $269,287 76.0%
Bonus $0 0.0%
Value of Benefits
Core Compensation Median % of Total
Social Security $14,358 4.0%
401K/403B $10,500 3.0%
Disability $5,386 1.5%
Healthcare $8,352 2.4%
Pension $13,500 3.8%
Time Off $33,143 9.3%
Total Compensation $354,526 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on April 01, 2025

What are the salaries of a Chief Risk Officer with different levels of education?

Salaries for Chief Risk Officer with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Chief Risk Officer with a Bachelor's Degree is $262,562 - $284,964. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Chief Risk Officer Salaries by Degree Level

Last Updated on April 01, 2025
Typical Education for Chief Risk Officer
Degree Level % of user with this level of education
No Diploma 0.6%
High School 3.1%
Associates 2.5%
Bachelors 40.9%
Masters 44.7%
Doctorate 8.2%
Typical Education for Chief Risk Officer
No Diploma 0.6%
High School 3.1%
Associates 2.5%
Bachelors 40.9%
Masters 44.7%
Doctorate 8.2%
view as table

Chief Risk Officer Salaries by Degree Level

Last Updated on April 01, 2025

What Am I Worth?

FAQ about Chief Risk Officer

1. What is the average salary of a Chief Risk Officer?

The average annual salary of Chief Risk Officer is $269,287. In case you are finding an easy salary calculator, the average hourly pay of Chief Risk Officer is $129; the average weekly pay of Chief Risk Officer is $5,179; the average monthly pay of Chief Risk Officer is $22,441.

2. Where can a Chief Risk Officer earn the most?

A Chief Risk Officer's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Chief Risk Officer earns the most in San Jose, CA, where the annual salary of a Chief Risk Officer is $339,652.

3. What is the highest pay for Chief Risk Officer?

The highest pay for Chief Risk Officer is $322,252.

4. What is the lowest pay for Chief Risk Officer?

The lowest pay for Chief Risk Officer is $228,807.

5. What are the responsibilities of Chief Risk Officer?

Oversees all aspects of an organization's risk management function. Responsible for planning and developing business analysis, risk modeling, and loss prevention programs. Designs strategic initiatives to protect assets from economic, market, and regulatory risks that the organization is exposed to. Requires a bachelor's degree. Typically reports to Chief Executive Officer (CEO). Top level or C level management. Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals.

6. What are the skills of Chief Risk Officer

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.)

Credit Risk: Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations.

3.)

Portfolio Management: Portfolio management is the selection, prioritisation and control of an organisation's programmes and projects. The goal is to balance the implementation of change initiatives and the maintenance of business-as-usual, while optimising ROI.

About Our Data

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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The average salary for a Chief Risk Officer is $269,287 per year in the United States, updated at April 01, 2025.
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