Risk Manager Salary in South Africa

In South Africa, Risk Manager professionals command an average salary of R75 000 monthly. The compensation structure reflects the specialized nature of this finance role, with earnings potential between R37 500 and R700 000 monthly. The field demonstrates promising career prospects with 8% expected growth and high employment demand.

Risk Manager Salary Breakdown

A Risk Manager develops, implements, and oversees an organization's comprehensive risk management framework. This senior role involves identifying potential threats, assessing their impact, designing strategies to mitigate risks, and ensuring compliance with industry regulations. They provide strategic guidance to leadership, safeguarding the company's assets and reputation from various forms of risk.

Salary Component	Amount (Monthly)
Minimum Salary	R37 500
Average Salary	R75 000
Maximum Salary	R700 000
Category	Finance
Growth Rate	8%
Market Demand	High

Requirements & Qualifications

Bachelor's Degree in Finance, Economics, Business, or a related field; a Master's degree or professional certification (e.g., FRM, PRM) is often preferred.

Extensive experience in risk management, compliance, or audit.

Strong leadership and strategic planning abilities.

In-depth knowledge of risk assessment methodologies and regulatory environments.

Excellent analytical, problem-solving, and decision-making skills.

Superior communication and interpersonal skills for engaging with stakeholders.

Ability to develop and implement effective risk mitigation strategies.

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Career Title

Avg Salary