Home > Salary > South Africa > 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: 191,867 ZAR
Estimated Monthly Salary: 15,989 ZAR
Estimated Weekly Salary: 3,690 ZAR per week
Estimated Hourly Salary: 92 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 15,397 ZAR
Estimated Weekly Salary: 3,553 ZAR per week
Estimated Hourly Salary: 89 ZAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 9,596 USD
Estimated Monthly Salary: 800 USD
Estimated Weekly Salary: 185 USD per week
Estimated Hourly Salary: 5 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: 191,867 ZAR
Estimated Monthly Salary: 15,989 ZAR
Estimated Weekly Salary: 3,690 ZAR per week
Estimated Hourly Salary: 92 ZAR per hour
By working as Risk Management Specialist a person can save up to 528 USD per month or 6,342 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 Specialist
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Divisional merchandise manager (428,909 ZAR per year, pre-tax.)
Certified prosthetist (cp) (203,960 ZAR per year, pre-tax.)
Water manager (94,226 ZAR per year, pre-tax.)
Merchandise inventory analyst (107,912 ZAR per year, pre-tax.)
Product development intern (88,408 ZAR per year, pre-tax.)
Risk Management Specialist salary in South Africa
Average Yearly Salary of Risk Management Specialist in South Africa is approximately 191,867 ZAR (9,596 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: 191,867 ZAR
Estimated Monthly Salary: 15,989 ZAR
Estimated Weekly Salary: 3,690 ZAR per week
Estimated Hourly Salary: 92 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 184,760 ZAREstimated Monthly Salary: 15,397 ZAR
Estimated Weekly Salary: 3,553 ZAR per week
Estimated Hourly Salary: 89 ZAR 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: 9,596 USD
Estimated Monthly Salary: 800 USD
Estimated Weekly Salary: 185 USD per week
Estimated Hourly Salary: 5 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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
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 Specialist job salary compared to average salary in South Africa.
Comparison shows that a person working as Risk Management Specialist in South Africa earns on average:
1.51 times the average salary (or 151% 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 Specialist job salary compared to average salary in South Africa.
Comparison shows that a person working as Risk Management Specialist in South Africa earns on average:
1.51 times the average salary (or 151% 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 211,054 ZAR and 278,207 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Risk Management Specialist 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: 191,867 ZAR
Estimated Monthly Salary: 15,989 ZAR
Estimated Weekly Salary: 3,690 ZAR per week
Estimated Hourly Salary: 92 ZAR per hour
By working as Risk Management Specialist a person can save up to 528 USD per month or 6,342 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 Specialist
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
(1,176,011 ZAR per year, pre-tax.)
(1,138,908 ZAR per year, pre-tax.)
(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.)
(1,073,439 ZAR per year, pre-tax.)
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:
Divisional merchandise manager (428,909 ZAR per year, pre-tax.)
Certified prosthetist (cp) (203,960 ZAR per year, pre-tax.)
Water manager (94,226 ZAR per year, pre-tax.)
Merchandise inventory analyst (107,912 ZAR per year, pre-tax.)
Product development intern (88,408 ZAR per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=south-africa&job=risk-management-specialist'><img src='https://optisalary.com/wp-content/graphs/salary/risk-management-specialist-salary-in-south-africa-2025.jpg' alt='risk management specialist salary in south africa 2025' title='risk management specialist salary in south africa 2025' /></a>
Please note:This website presents salary insights for informational purposes only.
The salary figures presented here are meant for informational purposes solely. While we attempt to ensure accuracy, we cannot guarantee all figures is flawless. Users are advised to confirm salary details with official sources before making important career choices. Salary ranges can change due to negotiation, industry trends, and location. We disclaim responsibility for errors in the salary data displayed.
The salary data on this site is intended for reference purposes exclusively. We provide salary insights derived from multiple sources, but cannot guarantee absolute precision. Users should always verify salary details with other trusted sources before making financial decisions. Fluctuations in salary figures may arise due to various factors, including company policies, market demand, and individual skills. We do not extend any guarantee regarding the completeness of the provided salary data. Use of optisalary.com constitutes acknowledgment of these conditions.