Home > Salary > Colombia > Risk Management Director
A Risk Management Director is responsible for identifying, assessing, and mitigating risks within an organization. They develop and implement risk management strategies, policies, and procedures to ensure the company's assets, reputation, and financial stability are protected. This role involves analyzing potential risks, evaluating their potential impact on the organization, and developing plans to minimize or eliminate those risks. The Risk Management Director works closely with various departments to assess risks associated with operations, investments, compliance, and legal matters. They also collaborate with insurance providers to ensure adequate coverage and negotiate terms. Additionally, they monitor industry trends, regulations, and best practices to proactively address emerging risks. Strong analytical, problem-solving, and communication skills are essential for success in this role.
Estimated Yearly Salary: 72,404,048 COP
Estimated Monthly Salary: 6,033,671 COP
Estimated Weekly Salary: 1,392,386 COP per week
Estimated Hourly Salary: 34,810 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 5,817,633 COP
Estimated Weekly Salary: 1,342,531 COP per week
Estimated Hourly Salary: 33,563 COP per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 16,044 USD
Estimated Monthly Salary: 1,337 USD
Estimated Weekly Salary: 309 USD per week
Estimated Hourly Salary: 8 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 72,404,048 COP
Estimated Monthly Salary: 6,033,671 COP
Estimated Weekly Salary: 1,392,386 COP per week
Estimated Hourly Salary: 34,810 COP per hour
By working as Risk Management Director a person can save up to 1,077 USD per month or 12,919 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 Colombia, see costs of living in Colombia.
Estimated Yearly Salary for Risk Management Director
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Sap security analyst (50,338,972 COP per year, pre-tax.)
Clerk legal (13,099,670 COP per year, pre-tax.)
Business systems analyst (33,418,080 COP per year, pre-tax.)
Audio engineer (20,002,513 COP per year, pre-tax.)
Police officer (25,875,000 COP per year, pre-tax.)
Risk Management Director salary in Colombia
Average Yearly Salary of Risk Management Director in Colombia is approximately 72,404,048 COP (16,044 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 Management Director do?
A Risk Management Director is responsible for identifying, assessing, and mitigating risks within an organization. They develop and implement risk management strategies, policies, and procedures to ensure the company's assets, reputation, and financial stability are protected. This role involves analyzing potential risks, evaluating their potential impact on the organization, and developing plans to minimize or eliminate those risks. The Risk Management Director works closely with various departments to assess risks associated with operations, investments, compliance, and legal matters. They also collaborate with insurance providers to ensure adequate coverage and negotiate terms. Additionally, they monitor industry trends, regulations, and best practices to proactively address emerging risks. Strong analytical, problem-solving, and communication skills are essential for success in this role.
Skills: Risk Management, Risk Mitigation, Insurance, Compliance, Financial Stability, Strategic Planning
Job industry: Finance
Job industry: Finance
How much does Risk Management Director make?
Salary details
How much does Risk Management Director make?Estimated Yearly Salary: 72,404,048 COP
Estimated Monthly Salary: 6,033,671 COP
Estimated Weekly Salary: 1,392,386 COP per week
Estimated Hourly Salary: 34,810 COP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 69,811,597 COPEstimated Monthly Salary: 5,817,633 COP
Estimated Weekly Salary: 1,342,531 COP per week
Estimated Hourly Salary: 33,563 COP per hour
Last revision of data: 2024-01-09Risk Management Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 16,044 USD
Estimated Monthly Salary: 1,337 USD
Estimated Weekly Salary: 309 USD per week
Estimated Hourly Salary: 8 USD per hour
Difference in salary year over year or average salary increase is approximately
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.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Colombia is a country located in South America. It has a population of approximately 50 million people and covers an area of about 1.1 million square kilometers. The country is known for its diverse landscapes, including the Andes Mountains, Amazon rainforest, and Caribbean coastline.
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Director job salary compared to average salary in Colombia.
Comparison shows that a person working as Risk Management Director in Colombia earns on average:
2.69 times the average salary (or 269% of average salary).
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Director job salary compared to average salary in Colombia.
Comparison shows that a person working as Risk Management Director in Colombia earns on average:
2.69 times the average salary (or 269% of average salary).
Is Risk Management Director a well paid job?
Yes, our data show that Risk Management Director is a very 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 Director?
High salary for Risk Management Director would be somewhere between 79,644,453 COP and 104,985,870 COP. However this is an estimation based on Gaussian Distribution.How much can you save working as Risk Management Director in Colombia?
Living in Colombia the approximate monthly expenses are: 260 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: 72,404,048 COP
Estimated Monthly Salary: 6,033,671 COP
Estimated Weekly Salary: 1,392,386 COP per week
Estimated Hourly Salary: 34,810 COP per hour
By working as Risk Management Director a person can save up to 1,077 USD per month or 12,919 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 Colombia, see costs of living in Colombia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama. 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 Director
Ecuador is 15,530 USD
Brazil is 20,045 USD Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Colombia
(306,660,307 COP per year, pre-tax.)
2. Cardiologist
(254,459,006 COP per year, pre-tax.)
(247,209,986 COP per year, pre-tax.)
(238,795,833 COP per year, pre-tax.)
5. Neurosurgeon
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
8. Oncologist
(233,538,023 COP per year, pre-tax.)
(232,715,450 COP per year, pre-tax.)
(232,262,612 COP per year, pre-tax.)
Data as of 2025Random salary:
Sap security analyst (50,338,972 COP per year, pre-tax.)
Clerk legal (13,099,670 COP per year, pre-tax.)
Business systems analyst (33,418,080 COP per year, pre-tax.)
Audio engineer (20,002,513 COP per year, pre-tax.)
Police officer (25,875,000 COP per year, pre-tax.)
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