According to this Bloomberg news article, a Singapore-based senior risk manager with a foreign bank earns between $300k and $400k annually.
“Aldabe’s agreed annual salary was $220,000, an additional target bonus of $170,000 and $30,000 in restricted shares. On Nov. 6, 2008, Standard Chartered informed Aldabe that his annual wage was S$323,400, based on an exchange rate of S$1.47.”
The role of a financial risk manager varies. He could be involved in managing the financial institution’s exposure to market risk, credit risk, model risk, operational risk and/or liquidity risk.
There are other kinds of risk management too, both within the financial industry and outside of it. Examples include information security risk management and enterprise risk management.