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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: 10,553,057 NGN
Estimated Monthly Salary: 879,421 NGN
Estimated Weekly Salary: 202,943 NGN per week
Estimated Hourly Salary: 5,074 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 850,909 NGN
Estimated Weekly Salary: 196,364 NGN per week
Estimated Hourly Salary: 4,909 NGN per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 12,663 USD
Estimated Monthly Salary: 1,055 USD
Estimated Weekly Salary: 244 USD per week
Estimated Hourly Salary: 6 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 10,553,057 NGN
Estimated Monthly Salary: 879,421 NGN
Estimated Weekly Salary: 202,943 NGN per week
Estimated Hourly Salary: 5,074 NGN per hour
By working as Risk Management Director a person can save up to 850 USD per month or 10,196 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 Nigeria, see costs of living in Nigeria.
Estimated Yearly Salary for Risk Management Director
Last revision of data: 2025-01-04
Data as of 2025
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Risk Management Director salary in Nigeria
Average Yearly Salary of Risk Management Director in Nigeria is approximately 10,553,057 NGN (12,663 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: 10,553,057 NGN
Estimated Monthly Salary: 879,421 NGN
Estimated Weekly Salary: 202,943 NGN per week
Estimated Hourly Salary: 5,074 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 10,210,904 NGNEstimated Monthly Salary: 850,909 NGN
Estimated Weekly Salary: 196,364 NGN per week
Estimated Hourly Salary: 4,909 NGN per hour
Last revision of data: 2024-01-02Risk Management Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 12,663 USD
Estimated Monthly Salary: 1,055 USD
Estimated Weekly Salary: 244 USD per week
Estimated Hourly Salary: 6 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Nigeria is a country located in West Africa. It is the most populous country on the African continent, with a population of over 200 million people. The country covers an area of about 923,768 square kilometers, making it the 32nd largest country in the world. Nigeria shares borders with Niger, Chad, Cameroon, and Benin.
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Director job salary compared to average salary in Nigeria.
Comparison shows that a person working as Risk Management Director in Nigeria earns on average:
2.68 times the average salary (or 268% of average salary).
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Director job salary compared to average salary in Nigeria.
Comparison shows that a person working as Risk Management Director in Nigeria earns on average:
2.68 times the average salary (or 268% 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 11,608,363 NGN and 15,301,933 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Risk Management Director in Nigeria?
Living in Nigeria the approximate monthly expenses are: 206 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: 10,553,057 NGN
Estimated Monthly Salary: 879,421 NGN
Estimated Weekly Salary: 202,943 NGN per week
Estimated Hourly Salary: 5,074 NGN per hour
By working as Risk Management Director a person can save up to 850 USD per month or 10,196 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 Nigeria, see costs of living in Nigeria.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Niger, Chad, Cameroon, Benin. 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
Cameroon is 4,078 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 Nigeria
(44,763,887 NGN per year, pre-tax.)
2. Cardiologist
(37,279,896 NGN per year, pre-tax.)
(36,135,019 NGN per year, pre-tax.)
4. Neurosurgeon
(35,033,176 NGN per year, pre-tax.)
(35,006,913 NGN per year, pre-tax.)
(34,175,491 NGN per year, pre-tax.)
7. Oncologist
(34,169,925 NGN per year, pre-tax.)
(34,162,253 NGN per year, pre-tax.)
(34,132,586 NGN per year, pre-tax.)
10. Plastic surgeon
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Assistant cashier (2,060,740 NGN per year, pre-tax.)
Dry cleaninglaundry manager (3,194,228 NGN per year, pre-tax.)
Interpretive guide (1,853,773 NGN per year, pre-tax.)
Physician doctor palliative care (17,093,013 NGN per year, pre-tax.)
Online communications associate (2,404,786 NGN per year, pre-tax.)
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