Risk Manager salary in Canada

Average Yearly Salary of Risk Manager in Canada is approximately 94,472 CAD (94,044 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 Manager do?

A risk manager is responsible for identifying, assessing, and mitigating potential risks that could impact an organization's operations, financial stability, or reputation. They analyze data, conduct risk assessments, and develop strategies to minimize risks and ensure business continuity. Risk managers work closely with various departments within an organization to implement risk management policies, procedures, and best practices. They also monitor industry trends and regulatory changes to anticipate and address emerging risks.

Skills: Risk management, Risk assessment, Data analysis, Business continuity, Regulatory compliance, Risk mitigation
Job industry: Finance

How much does Risk 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 Manager a well paid job?

Yes, our data shows that Risk 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 Manager?

High salary for Risk Manager would be somewhere between 103,919 CAD and 136,984 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Risk 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: 94,472 CAD
Estimated Monthly Salary: 7,873 CAD
Estimated Weekly Salary: 1,817 CAD per week
Estimated Hourly Salary: 45 CAD per hour
By working as Risk Manager a person can save up to 5,719 USD per month or 68,623 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 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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