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Senior Risk Manager salary in Estonia

Average Yearly Salary of Senior Risk Manager in Estonia is approximately 65,039 EUR (64,738 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?

occupation personasA 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?

Salary details
How much does Senior Risk Manager make?
Estimated Yearly Salary: 65,039 EUR
Estimated Monthly Salary: 5,420 EUR
Estimated Weekly Salary: 1,251 EUR per week
Estimated Hourly Salary: 31 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 62,665 EUR
Estimated Monthly Salary: 5,222 EUR
Estimated Weekly Salary: 1,205 EUR per week
Estimated Hourly Salary: 30 EUR per hour
Last revision of data: 2024-01-06



Senior Risk Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 64,738 USD
Estimated Monthly Salary: 5,395 USD
Estimated Weekly Salary: 1,245 USD per week
Estimated Hourly Salary: 31 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

Estonia, located in Northern Europe, is a small country with a population of approximately 1.3 million people. It covers an area of around 45,000 square kilometers, making it one of the smallest countries in the European Union. Despite its size, Estonia has made significant advancements in technology and digital innovation, earning it the nickname "e-Estonia."

Estimated national average yearly salary is 25,152 EUR (27,640 USD). Value indicated is pre-tax. Below graph shows estimated Senior Risk Manager job salary compared to average salary in Estonia.
Comparison shows that a person working as Senior Risk Manager in Estonia earns on average:
2.59 times the average salary (or 259% of average salary).

Is Senior Risk Manager a well paid job?

Yes, our data show that Senior Risk Manager 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 Senior Risk Manager?

High salary for Senior Risk Manager would be somewhere between 71,543 EUR and 94,307 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Risk Manager in Estonia?

Living in Estonia the approximate monthly expenses are: 1,106 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: 65,039 EUR
Estimated Monthly Salary: 5,420 EUR
Estimated Weekly Salary: 1,251 EUR per week
Estimated Hourly Salary: 31 EUR per hour
By working as Senior Risk Manager a person can save up to 4,289 USD per month or 51,471 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 Estonia, see costs of living in Estonia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Russia, Latvia, Finland..
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

Russia is 30,038 USDdown arrow 54%
Details on Senior Risk Manager salary in Russia
Latvia is 50,542 USDdown arrow 22%
Details on Senior Risk Manager salary in Latvia
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 Estonia

(288,066 EUR per year, pre-tax.)
(240,102 EUR per year, pre-tax.)
(231,505 EUR per year, pre-tax.)
(224,746 EUR per year, pre-tax.)
(224,064 EUR per year, pre-tax.)
(219,685 EUR per year, pre-tax.)
(218,978 EUR per year, pre-tax.)
(218,750 EUR per year, pre-tax.)
(218,678 EUR per year, pre-tax.)
(218,557 EUR per year, pre-tax.)

Data as of 2025

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The salary data on this site is intended for informational purposes only. We offer salary insights derived from multiple datasets, but cannot guarantee complete precision. Users should consistently verify salary details with other trusted sources before making financial decisions. Variations in salary figures may arise due to several factors, including company policies, market demand, and individual skills. We do not extend any guarantee regarding the entirety of the displayed salary data. Use of optisalary.com constitutes acceptance of these terms.