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Salary and Benefits

Director OF Risk Management
$87K-$107K / yr. (est.)
$88K
$97,635 / year
$107K
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 Director OF Risk Management

What does a Director OF Risk Management do?

As Directors of Risk Management, we are responsible for the implementation and ongoing execution of risk-related activities. It is our duty to manage risk processes. We work alongside a range of business units. We ensure that the plan’s populations are represented via the applicable risk program. Working towards addressing obstacles is our job. We manage work plans and activities across the risk management. Overseeing the day-to-day operational needs is our duty. We devise and implement strategies related to risk. We incorporate best practices to optimize risk scores. In this role, we develop reporting dashboards and KPIs while ensuring appropriate oversight and visibility.

Core tasks:

  • identify and enhance existing processes that impact risk
  • assess and build initiatives specific to the needs found in the provider network
  • manage multiple vendors and contracts who provide risk services
  • support reporting and progress to internal staff
  • responsible for the timely submission of risk data
  • provide support for all audits

Insights

How Many Years of Experience Do Professionals Need Before Becoming Director OF Risk Management?
On average, people work 7+ years in other positions prior to becoming a Director OF Risk Management.
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UnderwriterMiami, FL - 11 months ago
I've seen many Directors OF Risk Management who didn't have years of experience in other positions. Sometimes talent shines brighter than a lengthy resume!
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Insurance Claims AdjusterPhoenix, AZ - 11 months ago
As an Insurance Claims Adjuster, I see the importance of having a solid foundation in various aspects of the insurance industry. It builds a stronger Director OF Risk Management.
How Long Do Director OF Risk Management Employees Typically Stay in Their Roles?
On average, Director OF Risk Managements works in this position for 5+ years across multiple employers.
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ConsultantHouston, TX - 11 months ago
As a highly skilled Consultant, I believe that Directors OF Risk Management often overlook the importance of cultural risk assessment. Do you take it into account?
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EntrepreneurMiami, FL - 11 months ago
Honestly, I think people with fancy job titles like Director OF Risk Management just complicate things. Risk-taking is in my blood, and it's how I built my empire! 💪
What Is the Job Hopper Score for Director OF Risk Management Employees?
Moderate job changes in Director OF Risk Management, showing some career movement without excessive turnover.
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HR ManagerMiami, FL - 11 months ago
Love this infographic! It showcases the benefits of diversifying experience within risk management. Let's promote cross-functional learning! 💪
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InternSan Francisco, CA - 11 months ago
Seems like this role allows for a lot of flexibility and growth opportunities. Can't wait to explore the world of risk management more! 😊

Career path

Path to job

Discover a Director OF Risk Management's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Director OF Risk Management typically studied at.
New York University
Penn State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Director OF Risk Management Employees?
Gender ratio in Director OF Risk Management position: 0.667313422493244 Male and 0.332686577506756 Female. Age ratio in Director OF Risk Management position: 16-20: 4%, 21-30: 21%, 31-40: 41%, 41-50: 24%, 51-60: 9%, 60+: 1%. Director OF Risk Management position is predominantly male (66.7%) with the largest age group being 31-40 years old, followed by 41-50 years old.
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CHIEF Risk OfficerSan Francisco, CA - 11 months ago
I'm tired of the same narrative. It's about time we see more women leading in risk management! 💪
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Specialist Senior Risk Management ConsultantDenver, CO - 11 months ago
This is a disappointing representation of the industry. We need a more diverse workforce! 😔

Workplaces

Who Are the Top Employers for Director OF Risk Management?
Top employers of Director OF Risk Management position: American Express, Bank of America, Citi. People who work in Director OF Risk Management position most typically go on to work for the American Express.
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Director OF Risk ManagementMiami, FL - 10 months ago
🤑 Who cares about the company? I just want the big bucks that come with being a Director of Risk Management!
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Director OF Risk ManagementSeattle, WA - 10 months ago
As a Director of Risk Management, it's important to pick a company that aligns with your values and goals. Do your research before making a decision!
American Express
Bank of America
Citi
What Industries Does Director OF Risk Management Typically Have Experience In?
Industry Background: The most typical industries of Director OF Risk Management: Finance & Insurance, Health Care, Professional / Scientific / Technical, Manufacturing, Retail. Director OF Risk Management employees most likely come from a Finance & Insurance industry background.
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Director OF Risk ManagementHouston, TX - 11 months ago
Ya'll need to quit bickering and focus on the real issue at hand. What skills and qualifications do you need to excel in this field?
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Director OF Risk ManagementMiami, FL - 11 months ago
Can we just take a moment to appreciate the demand for risk management in various industries? It's about time we acknowledge the importance of these professionals in safeguarding businesses from potential threats. 🙌

Find your job as Director OF Risk Management

Discussion about Director OF Risk Management

Want to know more about Director OF Risk Management position?
Share your thoughts and ideas about Director OF Risk Management position with others in our community.
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How balanced is the gender diversity among people working as a Director OF Risk Management?
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Sophie Hayes3 years ago
Mostly men choose this job, but women also choose this.
What is the most common age of a Director OF Risk Management?
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Isabella Holmes3 years ago
The typical age is 37 for a Director OF Risk Management.
How much experience is typically required to work as a Director OF Risk Management?
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Isabella Holmes3 years ago
You need 7 years of experience to work as a Director OF Risk Management.
What industries does a Director OF Risk Management typically work in?
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Isabella Holmes3 years ago
Finance & Insurance is the most frequent for a Director OF Risk Management.
What kind of higher education a Director OF Risk Management need?
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Isabella Holmes3 years ago
Most people have a Bachelor of Science degree
Which company is likely to have openings for Director OF Risk Management positions?
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Benjamin Gardner3 years ago
Working as a Director OF Risk Management it might be a good next step to work for American Express, Bank of America, Citi, KPMG US and USAA
How many years do people work as a Director OF Risk Management before changing their role?
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Isabella Holmes3 years ago
A Director OF Risk Management typically changes positions after more than 5 years.
Is it frequent for people to switch companies and still work as a Director OF Risk Management?
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Liam Brown3 years ago
A typical Director OF Risk Management might work for one or two companies.
What work history do people usually have before becoming a Director OF Risk Management?
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Sophie Hayes3 years ago
You have a good chance of becoming a Director OF Risk Management if you are working as Risk Manager, Vice President or Operational Risk Manager
What can be the next step in your career path from Director OF Risk Management?
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Isabella Holmes3 years ago
Changing from a Director OF Risk Management to Vice President, Vice President Risk Management or Risk Manager is a typical career path.
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Disclaimer

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