Home > Salary > South Africa > 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: 332,348 ZAR
Estimated Monthly Salary: 27,696 ZAR
Estimated Weekly Salary: 6,391 ZAR per week
Estimated Hourly Salary: 160 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 26,852 ZAR
Estimated Weekly Salary: 6,197 ZAR per week
Estimated Hourly Salary: 155 ZAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 16,617 USD
Estimated Monthly Salary: 1,385 USD
Estimated Weekly Salary: 320 USD per week
Estimated Hourly Salary: 8 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: 332,348 ZAR
Estimated Monthly Salary: 27,696 ZAR
Estimated Weekly Salary: 6,391 ZAR per week
Estimated Hourly Salary: 160 ZAR per hour
By working as Risk Management Director a person can save up to 1,114 USD per month or 13,363 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 South Africa, see costs of living in South Africa.
Estimated Yearly Salary for Risk Management Director
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Risk Management Director salary in South Africa
Average Yearly Salary of Risk Management Director in South Africa is approximately 332,348 ZAR (16,617 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: 332,348 ZAR
Estimated Monthly Salary: 27,696 ZAR
Estimated Weekly Salary: 6,391 ZAR per week
Estimated Hourly Salary: 160 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 322,220 ZAREstimated Monthly Salary: 26,852 ZAR
Estimated Weekly Salary: 6,197 ZAR per week
Estimated Hourly Salary: 155 ZAR per hour
Last revision of data: 2024-01-03Risk Management Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 16,617 USD
Estimated Monthly Salary: 1,385 USD
Estimated Weekly Salary: 320 USD per week
Estimated Hourly Salary: 8 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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Salary comparison to National average
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Director job salary compared to average salary in South Africa.
Comparison shows that a person working as Risk Management Director in South Africa earns on average:
2.62 times the average salary (or 262% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Director job salary compared to average salary in South Africa.
Comparison shows that a person working as Risk Management Director in South Africa earns on average:
2.62 times the average salary (or 262% 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 365,583 ZAR and 481,905 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Risk Management Director in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 332,348 ZAR
Estimated Monthly Salary: 27,696 ZAR
Estimated Weekly Salary: 6,391 ZAR per week
Estimated Hourly Salary: 160 ZAR per hour
By working as Risk Management Director a person can save up to 1,114 USD per month or 13,363 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. 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
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 South Africa
(1,412,867 ZAR per year, pre-tax.)
2. Cardiologist
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(1,102,268 ZAR per year, pre-tax.)
5. Neurosurgeon
(1,100,784 ZAR per year, pre-tax.)
(1,077,960 ZAR per year, pre-tax.)
(1,073,792 ZAR per year, pre-tax.)
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9. Oncologist
(1,071,922 ZAR per year, pre-tax.)
10. Urologist
(1,071,632 ZAR per year, pre-tax.)
Data as of 2025Random salary:
Resident assistant (55,857 ZAR per year, pre-tax.)
Minister head (173,937 ZAR per year, pre-tax.)
Licensed social worker (112,987 ZAR per year, pre-tax.)
Technical service department manager (151,440 ZAR per year, pre-tax.)
Equal employment opportunity (eeo), specialist (142,473 ZAR per year, pre-tax.)
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Please note:The salary estimates on this website are meant for informational purposes only.
The salary data on this site is designed for informational purposes only. We offer salary insights derived from multiple datasets, but do not guarantee absolute accuracy. Users should always cross-check salary details with other reliable sources before making financial decisions. Variations in salary figures may arise due to various circumstances, including company policies, market demand, and individual skills. We do not extend any warranty regarding the completeness of the provided salary data. Use of this website implies acceptance of these conditions.
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