How much does a Risk Management Director make in Lawrence, MA? The average Risk Management Director salary in Lawrence, MA is $199,050 as of February 26, 2024, but the range typically falls between $173,048 and $228,308. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Risk Management Director Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Risk Management Director Salary $149,375 Lawrence,MA February 26, 2024
25th Percentile Risk Management Director Salary $173,048 Lawrence,MA February 26, 2024
50th Percentile Risk Management Director Salary $199,050 Lawrence,MA February 26, 2024
75th Percentile Risk Management Director Salary $228,308 Lawrence,MA February 26, 2024
90th Percentile Risk Management Director Salary $254,946 Lawrence,MA February 26, 2024
25% $173,048 10% $149,375 90% $254,946 75% $228,308 $199,050 50%(Median) Didn’t find job title? Click
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Job Description for Risk Management Director

Risk Management Director directs and administers an organization's risk-management programs. Develops strategies, controls, and measures to monitor and mitigate the risk exposure of assets. Being a Risk Management Director monitors the effectiveness of procedures to identify points of improvement. Oversees the building of financial models to predict the risk exposure of an organization's assets. Additionally, Risk Management Director reviews risk analysis reports to ensure risks are identified and managed effectively. Promotes organization-wide understanding of risks and risk management strategies. Requires a bachelor's degree. Typically reports to senior management. The Risk Management Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Risk Management Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)... View full job description

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Career Path for Risk Management Director

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Risk Management Director, the upper level is Vice President of Risk Management and then progresses to Chief Risk Officer.

Those that have already made the climb...
Derek J. Bunker, Chief Investment Officer
The Pennant Group, Inc. provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and... More
Fiscal Year Ended in 2022
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Risk Management Director salary varies from city to city. Compared with national average salary of Risk Management Director, the highest Risk Management Director salary is in San Francisco, CA, where the Risk Management Director salary is 25.0% above. The lowest Risk Management Director salary is in Miami, FL, where the Risk Management Director salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
173048
228308
199050

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
197136
281404
230743
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Risk Management Director in Lawrence, MA. The base salary for Risk Management Director ranges from $173,048 to $228,308 with the average base salary of $199,050. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $197,136 to $281,404 with the average total cash compensation of $230,743.
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173048
228308

 

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About Lawrence, Massachusetts    According to the United States Census Bureau, the city has a total area of 7.4 square miles (19 km2), of which 7.0 square miles (18 km2) is land and 0....More

Lawrence, Massachusetts  area prices were up 1.6% from a year ago    View the Cost of Living in Lawrence, Massachusetts

Risk Management Director Salary in popular cities: BostonWorcesterSpringfield

Skills associated with Risk Management Director: Operational Risk, Risk Identification Model, Risk Assessment, Risk Mitigation ...More

Jobs with a similar salary range to Risk Management Director : Director, Risk Analytics