Home > Salary > Monaco > Risk Management Manager
A risk management 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, policies, and procedures to ensure compliance with regulatory requirements and industry best practices. The role involves conducting risk assessments, analyzing data and trends, and providing recommendations to senior management on risk mitigation strategies. They collaborate with various departments to identify potential risks and develop contingency plans. Risk management managers also oversee the implementation of risk control measures and monitor their effectiveness. They may be involved in insurance procurement, claims management, and the development of crisis management plans. Strong analytical, communication, and problem-solving skills are essential for this role.
Estimated Yearly Salary: 366,568 EUR
Estimated Monthly Salary: 30,547 EUR
Estimated Weekly Salary: 7,049 EUR per week
Estimated Hourly Salary: 176 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 29,410 EUR
Estimated Weekly Salary: 6,787 EUR per week
Estimated Hourly Salary: 170 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 364,620 USD
Estimated Monthly Salary: 30,385 USD
Estimated Weekly Salary: 7,012 USD per week
Estimated Hourly Salary: 175 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: 366,568 EUR
Estimated Monthly Salary: 30,547 EUR
Estimated Weekly Salary: 7,049 EUR per week
Estimated Hourly Salary: 176 EUR per hour
By working as Risk Management Manager a person can save up to 22,942 USD per month or 275,302 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 Monaco, see costs of living in Monaco.
Estimated Yearly Salary for Risk Management Manager
Last revision of data: 2025-01-04
Data as of 2025
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Risk Management Manager salary in Monaco
Average Yearly Salary of Risk Management Manager in Monaco is approximately 366,568 EUR (364,620 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 Manager do?
A risk management 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, policies, and procedures to ensure compliance with regulatory requirements and industry best practices. The role involves conducting risk assessments, analyzing data and trends, and providing recommendations to senior management on risk mitigation strategies. They collaborate with various departments to identify potential risks and develop contingency plans. Risk management managers also oversee the implementation of risk control measures and monitor their effectiveness. They may be involved in insurance procurement, claims management, and the development of crisis management plans. Strong analytical, communication, and problem-solving skills are essential for this role.
Skills: Risk management, Risk assessment, Compliance, Data analysis, Crisis management, Insurance procurement
Job industry: Finance
Job industry: Finance
How much does Risk Management Manager make?
Salary details
How much does Risk Management Manager make?Estimated Yearly Salary: 366,568 EUR
Estimated Monthly Salary: 30,547 EUR
Estimated Weekly Salary: 7,049 EUR per week
Estimated Hourly Salary: 176 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 352,919 EUREstimated Monthly Salary: 29,410 EUR
Estimated Weekly Salary: 6,787 EUR per week
Estimated Hourly Salary: 170 EUR per hour
Last revision of data: 2024-01-03Risk Management Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 364,620 USD
Estimated Monthly Salary: 30,385 USD
Estimated Weekly Salary: 7,012 USD per week
Estimated Hourly Salary: 175 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
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Risk Management Manager in Monaco earns on average:
2.15 times the average salary (or 215% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Risk Management Manager in Monaco earns on average:
2.15 times the average salary (or 215% of average salary).
Is Risk Management Manager a well paid job?
Yes, our data show that Risk Management 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 Risk Management Manager?
High salary for Risk Management Manager would be somewhere between 403,225 EUR and 531,524 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Risk Management Manager in Monaco?
Living in Monaco the approximate monthly expenses are: 7,443 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: 366,568 EUR
Estimated Monthly Salary: 30,547 EUR
Estimated Weekly Salary: 7,049 EUR per week
Estimated Hourly Salary: 176 EUR per hour
By working as Risk Management Manager a person can save up to 22,942 USD per month or 275,302 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 Monaco, see costs of living in Monaco.
Salary comparison to region and neighbouring coutries
Country's neighbours are: France, Italy. 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 Manager
France is 89,837 USD
Italy is 74,282 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 Monaco
(1,948,030 EUR per year, pre-tax.)
2. Cardiologist
(1,613,197 EUR per year, pre-tax.)
(1,564,314 EUR per year, pre-tax.)
4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)
Data as of 2025Random salary:
Call center director (354,918 EUR per year, pre-tax.)
Architectural designer (196,742 EUR per year, pre-tax.)
Dyeing machine operator (93,307 EUR per year, pre-tax.)
Ski instructor (93,675 EUR per year, pre-tax.)
Farmer field crop (95,329 EUR per year, pre-tax.)
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