The salary trajectory of a Risk Manager ranges between locations and employers. The salary starts at A$0 per year (estimate) and goes up to A$0 per year (estimate) for the highest level of seniority.
The estimated average salary for a Risk Manager at Insurance Australia Group is A$165,808 per year or A$80 per hour, but some professionals have reported earning up to roughly A$303,428 per year (90th percentile). The typical pay range is between A$124,356 (25th percentile) and A$232,131 (75th percentile) annually. This is based on 41 salaries submitted by Insurance Australia Group Risk Manager professionals on Glassdoor, as of Jun 2026.