Senior Risk Manager salary in Canada

Average Yearly Salary of Senior Risk Manager in Canada is approximately 124,197 CAD (124,547 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 Senior Risk Manager do?

A senior risk 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 and policies to ensure the organization is adequately prepared for potential threats. This includes conducting risk assessments, analyzing data, and collaborating with various departments to create risk mitigation plans. Senior risk managers also stay updated on industry trends and regulatory requirements to ensure compliance and minimize potential liabilities. They provide guidance and support to junior risk management staff and work closely with executives to communicate risk-related information and make informed decisions. Strong analytical skills, attention to detail, and the ability to think critically are essential for this role.

Skills: senior risk manager, risk assessment, risk mitigation, regulatory compliance, strategic planning, data analysis
Job industry: Finance

How much does Senior Risk Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Senior Risk Manager a well paid job?

Yes, our data shows that Senior 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 Senior Risk Manager?

High salary for Senior Risk Manager would be somewhere between 136,617 CAD and 180,086 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior 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: 124,197 CAD
Estimated Monthly Salary: 10,350 CAD
Estimated Weekly Salary: 2,388 CAD per week
Estimated Hourly Salary: 60 CAD per hour
By working as Senior Risk Manager a person can save up to 8,261 USD per month or 99,126 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 Senior 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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