Risk Management Manager salary in Canada

Average Yearly Salary of Risk Management Manager in Canada is approximately 104,214 CAD (103,674 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Risk Management Manager do?

A risk management manager is responsible for identifying, assessing, and mitigating potential risks that could impact an organization's operations, reputation, or financial stability. They develop and implement risk management strategies, policies, and procedures to ensure compliance with regulatory requirements and industry best practices. The role involves conducting risk assessments, analyzing data and trends, and providing recommendations to senior management on risk mitigation strategies. They collaborate with various departments to identify potential risks and develop contingency plans. Risk management managers also oversee the implementation of risk control measures and monitor their effectiveness. They may be involved in insurance procurement, claims management, and the development of crisis management plans. Strong analytical, communication, and problem-solving skills are essential for this role.

Skills: Risk management, Risk assessment, Compliance, Data analysis, Crisis management, Insurance procurement
Job industry: Finance

How much does Risk Management Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Risk Management Manager a well paid job?

Yes, our data shows that Risk Management Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Risk Management Manager?

High salary for Risk Management Manager would be somewhere between 114,635 CAD and 151,110 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Risk Management Manager in Canada?

Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 104,214 CAD
Estimated Monthly Salary: 8,685 CAD
Estimated Weekly Salary: 2,004 CAD per week
Estimated Hourly Salary: 50 CAD per hour
By working as Risk Management Manager a person can save up to 6,521 USD per month or 78,253 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Canada, see costs of living in Canada.

Salary comparison to region and neighbouring coutries

Country's neighbours are: United States of America.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Risk Management Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Canada

Data as of 2025

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