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Salary and Benefits

CHIEF Risk Officer
$107K-$131K / yr. (est.)
$108K
$119,606 / year
$132K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About CHIEF Risk Officer

What does a CHIEF Risk Officer do?

As Chief Risk Officers (CRO), we are responsible for identifying, analyzing, and mitigating events that could threaten a company. These risks can be internal or external. We can categorize them into four groups: technical, regulatory, physical, and competitive. Our primary function is to design risk management strategies. We are responsible for implementing policies and procedures to minimize operational risks. Working as CRO, we also ensure that the company complies with government, federal and local regulations. The position is constantly evolving as companies adopt new technologies and as the operating environment is changing. On a daily basis, we monitor procedures that might give rise to risk exposure.

Core tasks:

  • develop risk maps
  • formulate strategic action plans
  • evaluate possible operational risks
  • measure the organization's risk appetite
  • develop budgets for risk-related projects
  • create and disseminate risk analysis reports and progress reports to stakeholders
  • conduct risk assurance and due diligence

Insights

How Many Years of Experience Do Professionals Need Before Becoming CHIEF Risk Officer?
On average, people work 7+ years in other positions prior to becoming a CHIEF Risk Officer.
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Operational Risk ManagerNew York City, NY - 9 months ago
7 years of other positions before becoming a CRO? 😱 Can't they just promote from within?!
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Quantitative AnalystSan Francisco, CA - 9 months ago
Wow, so it takes 7+ years to become a CRO? I better start planning ahead to reach that level!
How Long Do CHIEF Risk Officer Employees Typically Stay in Their Roles?
On average, CHIEF Risk Officers works in this position for 5+ years across multiple employers.
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Risk Management ConsultantHouston, TX - 9 months ago
😆Being a CHIEF Risk Officer is the dream, but why do companies play around so much when it comes to promoting talented individuals? Stay consistent, people!
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Regulatory Compliance SpecialistSeattle, WA - 9 months ago
I worked hard to become a CHIEF Risk Officer and ensure compliance in every aspect. 5+ years of experience is the gold standard for this role! 💪
What Is the Job Hopper Score for CHIEF Risk Officer Employees?
Moderate job changes in CHIEF Risk Officer, showing some career movement without excessive turnover.
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HR ManagerHouston, TX - 9 months ago
⚽Job changes in the CRO position can be quite common, but it's essential to look deeper into the reasons behind those transitions before jumping to conclusions.
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Marketing ManagerMiami, FL - 9 months ago
🙌 In my experience as a Marketing Manager, I've seen many CROs leaving their positions due to limited career growth opportunities within organizations.

Career path

Path to job

Discover a CHIEF Risk Officer's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a CHIEF Risk Officer typically studied at.
Cornell University
New York University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of CHIEF Risk Officer Employees?
Gender ratio in CHIEF Risk Officer position: 0.769441589585474 Male and 0.230558410414526 Female. Age ratio in CHIEF Risk Officer position: 16-20: 3%, 21-30: 18%, 31-40: 35%, 41-50: 30%, 51-60: 13%, 60+: 1%. CHIEF Risk Officer position is predominantly male (76.9%) with the largest age group being 31-40 years old, followed by 41-50 years old.
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CHIEF Risk OfficerMiami, FL - 9 months ago
Only 1% aged 60+? We need experienced professionals too, not just young blood. 😡
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CHIEF Risk OfficerSan Francisco, CA - 9 months ago
This gender gap is infuriating. We need equality in the workplace, now! 💔

Workplaces

Who Are the Top Employers for CHIEF Risk Officer?
Top employers of CHIEF Risk Officer position: BB&T, Citi, JPMorgan Chase & Co.. People who work in CHIEF Risk Officer position most typically go on to work for the BB&T.
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CHIEF Risk OfficerNew York City, NY - 9 months ago
Anyone who falls for the 'prestigious' status of working for BB&T needs a reality check.
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CHIEF Risk OfficerWashington, D.C. - 9 months ago
I can't believe people actually aspire to work for the likes of Citi and JPMorgan Chase & Co.. You'll be mopping up their messes!
BB&T
Citi
JPMorgan Chase & Co.
What Industries Does CHIEF Risk Officer Typically Have Experience In?
Industry Background: The most typical industries of CHIEF Risk Officer: Finance & Insurance, Professional / Scientific / Technical, Information Technology, Administrative & Support, Manufacturing. CHIEF Risk Officer employees most likely come from a Finance & Insurance industry background.
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CHIEF Risk OfficerHouston, TX - 9 months ago
🙄 CHIEF Risk Officer, more like CHIEF Worry Officer. You guys think you have it tough? Deals falling through left and right, oil prices plummeting, try working in the energy sector and deal with our headaches!
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CHIEF Risk OfficerPhiladelphia, PA - 9 months ago
😤 You all need a reality check! Being a police officer means having your life on the line every single day. The only risk you know is financial, not literal. Talk about a high-stakes job!

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Discussion about CHIEF Risk Officer

Want to know more about CHIEF Risk Officer position?
Share your thoughts and ideas about CHIEF Risk Officer position with others in our community.
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How balanced is the gender diversity among people working as a CHIEF Risk Officer?
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Sophie Hayes3 years ago
25% are women in this profession only.
What is the typical age to work as a CHIEF Risk Officer?
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Benjamin Gardner3 years ago
The average age is 38
How much experience is typically required to work as a CHIEF Risk Officer?
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Benjamin Gardner3 years ago
You probably need around 7 years to work as a CHIEF Risk Officer
Which industries should a CHIEF Risk Officer consider working in?
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Isabella Holmes3 years ago
Finance & Insurance is the most frequent for a CHIEF Risk Officer.
Is a degree needed to work as a CHIEF Risk Officer?
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Liam Brown3 years ago
A Bachelor of Science degree could not hurt if you want to be a CHIEF Risk Officer
Which company is likely to have openings for CHIEF Risk Officer positions?
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Sophie Hayes3 years ago
Working as a CHIEF Risk Officer it might be a good next step to work for BB&T, Citi, JPMorgan Chase & Co., Morgan Stanley and Wells Fargo
How long do you usually work as a CHIEF Risk Officer before changing to another position?
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Benjamin Gardner3 years ago
More than 5 years is the typical lifespan for a CHIEF Risk Officer.
Is it common for people to switch companies and still work as a CHIEF Risk Officer?
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Isabella Holmes3 years ago
A typical CHIEF Risk Officer might work for one or two companies.
What work history do people usually have before becoming a CHIEF Risk Officer?
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Liam Brown3 years ago
Vice President, Managing Director or Director OF Risk Management are the typical prior positions for a CHIEF Risk Officer
If I’m working as a CHIEF Risk Officer, what next position could I have?
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Isabella Holmes3 years ago
Vice President, Managing Director or CHIEF Operating Officer can be a good next step
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