Home > Salary > Singapore > Risk Management Specialist
A risk management specialist is responsible for identifying, assessing, and minimizing potential risks that may impact an organization's operations, financial stability, reputation, or compliance with regulations. They analyze data, conduct risk assessments, and develop strategies to mitigate risks. These professionals collaborate with various departments within the organization to create risk management plans, policies, and procedures. They also monitor and evaluate the effectiveness of risk management activities, making recommendations for improvement when necessary. Additionally, risk management specialists stay updated on industry trends, regulatory requirements, and emerging risks to ensure the organization remains prepared and resilient.
Estimated Yearly Salary: 189,698 SGD
Estimated Monthly Salary: 15,808 SGD
Estimated Weekly Salary: 3,648 SGD per week
Estimated Hourly Salary: 91 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 15,260 SGD
Estimated Weekly Salary: 3,522 SGD per week
Estimated Hourly Salary: 88 SGD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 95,046 USD
Estimated Monthly Salary: 7,921 USD
Estimated Weekly Salary: 1,828 USD per week
Estimated Hourly Salary: 46 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: 189,698 SGD
Estimated Monthly Salary: 15,808 SGD
Estimated Weekly Salary: 3,648 SGD per week
Estimated Hourly Salary: 91 SGD per hour
By working as Risk Management Specialist a person can save up to 5,233 USD per month or 62,790 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 Singapore, see costs of living in Singapore.
Estimated Yearly Salary for Risk Management Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Risk Management Specialist salary in Singapore
Average Yearly Salary of Risk Management Specialist in Singapore is approximately 189,698 SGD (95,046 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 Specialist do?
A risk management specialist is responsible for identifying, assessing, and minimizing potential risks that may impact an organization's operations, financial stability, reputation, or compliance with regulations. They analyze data, conduct risk assessments, and develop strategies to mitigate risks. These professionals collaborate with various departments within the organization to create risk management plans, policies, and procedures. They also monitor and evaluate the effectiveness of risk management activities, making recommendations for improvement when necessary. Additionally, risk management specialists stay updated on industry trends, regulatory requirements, and emerging risks to ensure the organization remains prepared and resilient.
Skills: Risk management, Risk assessment, Data analysis, Compliance, Mitigation strategies, Industry trends.
Job industry: Finance
Job industry: Finance
How much does Risk Management Specialist make?
Salary details
How much does Risk Management Specialist make?Estimated Yearly Salary: 189,698 SGD
Estimated Monthly Salary: 15,808 SGD
Estimated Weekly Salary: 3,648 SGD per week
Estimated Hourly Salary: 91 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 183,120 SGDEstimated Monthly Salary: 15,260 SGD
Estimated Weekly Salary: 3,522 SGD per week
Estimated Hourly Salary: 88 SGD per hour
Last revision of data: 2024-01-03Risk Management Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 95,046 USD
Estimated Monthly Salary: 7,921 USD
Estimated Weekly Salary: 1,828 USD per week
Estimated Hourly Salary: 46 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
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Specialist job salary compared to average salary in Singapore.
Comparison shows that a person working as Risk Management Specialist in Singapore earns on average:
1.99 times the average salary (or 199% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Specialist job salary compared to average salary in Singapore.
Comparison shows that a person working as Risk Management Specialist in Singapore earns on average:
1.99 times the average salary (or 199% of average salary).
Is Risk Management Specialist a well paid job?
Yes, our data shows that Risk Management Specialist 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 Risk Management Specialist?
High salary for Risk Management Specialist would be somewhere between 208,668 SGD and 275,062 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Risk Management Specialist in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 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: 189,698 SGD
Estimated Monthly Salary: 15,808 SGD
Estimated Weekly Salary: 3,648 SGD per week
Estimated Hourly Salary: 91 SGD per hour
By working as Risk Management Specialist a person can save up to 5,233 USD per month or 62,790 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 Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. 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 Specialist
Malaysia is 25,166 USD
Indonesia is 14,946 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 Singapore
(1,400,313 SGD per year, pre-tax.)
2. Cardiologist
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
5. Neurosurgeon
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
7. Oncologist
(1,067,130 SGD per year, pre-tax.)
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(1,063,823 SGD per year, pre-tax.)
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Data as of 2025Random salary:
Surveying or mapping technician (69,625 SGD per year, pre-tax.)
Sewer (88,489 SGD per year, pre-tax.)
Customer service traffic and scheduling analyst call center (48,880 SGD per year, pre-tax.)
Variable compensation analyst (111,591 SGD per year, pre-tax.)
Senior corrections officer (129,277 SGD per year, pre-tax.)
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This website aggregates salary data for educational purposes only. While we endeavor to deliver correct figures, we cannot warrant their absolute reliability. Users are highly advised to check with additional sources before making career-related decisions. Salary amounts fluctuate based on multiple factors, such as location, job role, and individual qualifications. We make no claims as to the validity of the provided data. Your access of this site indicates acceptance of this notice.