How much does a Risk Management Director make in Canton, MI? The average Risk Management Director salary in Canton, MI is $191,906 as of April 24, 2024, but the range typically falls between $166,834 and $220,106. 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 $144,007 Canton,MI April 24, 2024
25th Percentile Risk Management Director Salary $166,834 Canton,MI April 24, 2024
50th Percentile Risk Management Director Salary $191,906 Canton,MI April 24, 2024
75th Percentile Risk Management Director Salary $220,106 Canton,MI April 24, 2024
90th Percentile Risk Management Director Salary $245,781 Canton,MI April 24, 2024
25% $166,834 10% $144,007 90% $245,781 75% $220,106 $191,906 50%(Median) Didn’t find job title? Click
Change Search Criteria

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

Employers: Job Description Management Tool

See user submitted job responsibilities for Risk Management Director.

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

Job Openings for Risk Management Director in Canton, MI
  • Operational Risk Management Lead. Operational Risk Management Lead with extensive knowledge of risk mitigation and internal control evaluation within the f...
    - 7 Days Ago
  • Operational Risk Management Lead. Operational Risk Management Lead with extensive knowledge of risk mitigation and internal control evaluation within the f...
    - 22 Days Ago
  • The. Detroit Medical Center (DMC). is a nationally recognized health care system that serves patients and families throughout Michigan and beyond. A premie...
    - Just Posted
  • POSITION SPECIFIC RESPONSIBILITIES. Department Operations. Maintains an adequate number and skill mix over seven days a week to serve the patient populatio...
    - Just Posted
  • Operational Risk Management Lead. Operational Risk Management Lead with extensive knowledge of risk mitigation and internal control evaluation within the f...
    - Just Posted

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 first career path typically progresses to VP of Insurance Risk.

Additionally, the second career path typically starts with a Vice President of Risk Management position, 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
Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for Risk Management Director

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

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 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Risk Management Director, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
166834
220106
191906

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
190053
271303
222461
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 Canton, MI. The base salary for Risk Management Director ranges from $166,834 to $220,106 with the average base salary of $191,906. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $190,053 to $271,303 with the average total cash compensation of $222,461.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

166834
220106

 

Step 3 of 3

How much should you be paid?

About Canton, Michigan    Canton, officially the Charter Township of Canton, is a charter township of Wayne County in the U.S. state of Michigan. It is located about 8 miles (1....More

Canton, Michigan  area prices were up 1.3% from a year ago    View the Cost of Living in Canton, Michigan

Risk Management Director Salary in popular cities: DetroitGrand RapidsWarren

Skills associated with Risk Management Director: Statistical Analysis, Risk Management, Operational Risk, Risk Assessment ...More

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