Financial Risk Manager Salary Guide

Entry Level (0-2 years)

• Basic understanding of financial risk management principles.
• Supports senior risk managers with data collection and analysis.
• Assists in the preparation of risk assessment reports.
• Begins to develop proficiency in financial modeling tools.

Mid Level (3-5 years)

• Conducts in-depth risk assessments and develops mitigation strategies.
• Interprets financial data to identify trends and risk factors.
• Collaborates with cross-functional teams to manage risk exposure.
• Starts to manage small teams or projects.

Senior Level (6-9 years)

• Leads complex risk management projects and initiatives.
• Develops and implements comprehensive risk management frameworks.
• Mentors junior team members and provides strategic insights.
• Engages with senior stakeholders to align risk strategies with business goals.

Manager/Director (10+ years)

• Oversees company-wide risk management strategies and policies.
• Reports directly to executives on risk exposure and mitigation plans.
• Leads large teams and manages significant budgets.
• Serves as the primary point of contact for regulatory and compliance matters.

• Salaries in larger cities like NYC and SF are higher due to increased living costs.
• Remote roles may offer competitive pay to attract quality candidates.
• Southern cities often have lower salaries due to reduced cost of living.
• High demand in financial centers drives up compensation.