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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?

occupation personasA 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?

Salary details
How much does Risk Manager make?
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
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 91,208 CAD
Estimated Monthly Salary: 7,601 CAD
Estimated Weekly Salary: 1,754 CAD per week
Estimated Hourly Salary: 44 CAD per hour
Last revision of data: 2024-01-02



Risk Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 94,044 USD
Estimated Monthly Salary: 7,837 USD
Estimated Weekly Salary: 1,809 USD per week
Estimated Hourly Salary: 45 USD per hour


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

About these results Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.

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Salary comparison to National average

Canada is a vast country located in North America. It has a population of approximately 38 million people, making it the second-largest country by land area and the tenth-largest by population. With a total area of about 9.98 million square kilometers, Canada is known for its breathtaking landscapes, including mountains, forests, lakes, and coastlines.

Estimated national average yearly salary is 70,966 CAD (52,960 USD). Value indicated is pre-tax. Below graph shows estimated Risk Manager job salary compared to average salary in Canada.
Comparison shows that a person working as Risk Manager in Canada earns on average:
1.33 times the average salary (or 133% of average salary).

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

United States Of America is 101,285 USDup arrow 8%
Details on Risk Manager salary in United States Of America
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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+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

(552,602 CAD per year, pre-tax.)
(460,219 CAD per year, pre-tax.)
(446,188 CAD per year, pre-tax.)
(430,825 CAD per year, pre-tax.)
(430,370 CAD per year, pre-tax.)
(421,037 CAD per year, pre-tax.)
(420,203 CAD per year, pre-tax.)
(419,967 CAD per year, pre-tax.)
(419,948 CAD per year, pre-tax.)
(419,552 CAD per year, pre-tax.)

Data as of 2025

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Salary data displayed on this site is for reference exclusively. Our figures come from various inputs, but we cannot guarantee absolute correctness. Users must always double-check salary details with additional resources before making financial commitments. Salaries fluctuate due to economic trends, job location, and negotiation skills. We make no assurances about the completeness of the provided salary data. By navigating this site, you agree these terms.
Salary data displayed on this site is for reference only. Our figures are compiled various sources, but we cannot guarantee absolute correctness. Users must always double-check salary details with official resources before making job-related commitments. Salaries fluctuate due to economic trends, job location, and negotiation skills. We make no assurances about the completeness of the provided salary data. By continuing to use this site, you agree these terms.