FirstRand Bank Mumbai Risk Manager Salaries by 5 Employees (Updated 2025)

6 - 15 years exp.

₹29.7 Lakhs - ₹36 Lakhs

Salary of majority employees

126% more than the average Risk Manager Salary in Banking Companies for 6 - 15 years of experience

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Last Updated: 23 Dec 2023

Companies similar to FirstRand Bank for Risk Manager in Mumbai

FirstRand Bank Risk Manager Salary

6 - 15 years exp. (5 salaries)

₹29.7 L/yr - ₹36 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Risk Manager Salary 1 - 9 years exp. (22 salaries)	₹7 L/yr - ₹22.7 L/yr 59% less
ICICI Bank Risk Manager Salary 0 - 5 years exp. (31 salaries)	₹6.1 L/yr - ₹24 L/yr 54% less
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Axis Bank Risk Manager Salary 1 - 17 years exp. (21 salaries)	₹7.2 L/yr - ₹20 L/yr 57% less
State Bank of India Risk Manager Salary 5 - 11 years exp. (4 salaries)	₹18 L/yr - ₹27 L/yr 37% less
Kotak Mahindra Bank Risk Manager Salary 1 - 11 years exp. (11 salaries)	₹6.4 L/yr - ₹10.8 L/yr 74% less
Yes Bank Risk Manager Salary 1 - 10 years exp. (15 salaries)	₹8.7 L/yr - ₹16.7 L/yr 68% less
IDFC FIRST Bank Risk Manager Salary 0 - 6 years exp. (36 salaries)	₹9 L/yr - ₹24 L/yr 40% less

Risk Manager salary at FirstRand Bank ranges between ₹29.7 Lakhs to ₹36 Lakhs per year for employees with experience between 6 years to 15 years. Salary estimates are based on 5 latest salaries received from various employees of FirstRand Bank.

Experience wise FirstRand Bank Risk Manager salaries in Mumbai

Last Updated: 23 Dec 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹31.1 L/yr - ₹39.7 L/yr
7 years (AmbitionBox Estimate)	₹32.4 L/yr - ₹41.4 L/yr
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12 years (AmbitionBox Estimate)	₹26.7 L/yr - ₹34.2 L/yr
14 years (AmbitionBox Estimate)	₹26.7 L/yr - ₹34.2 L/yr
15+ years (AmbitionBox Estimate)	₹26.7 L/yr - ₹34.2 L/yr

Similar Designation salaries in FirstRand Bank

Team Lead Salary

(3 salaries)

₹35.5 L/yr - ₹75.7 L/yr

Salary related reviews for FirstRand Bank

Technical Lead in Mumbai

Engineering - Software & QA Department

5.0

• posted on 04 Aug 2022

5.0

for Salary and Benefits

Likes

...work on some cutting edge technologies where my product was built from scratch . Really love the management , the monetary benefits including the CTC and bonus is very satisfactory . First Rand has the policy to take every employee out for a fully paid foreign trip

Salary - Excellent

+6 more

Dislikes

Nothing to dislike about this company

Business And Production Support Analyst in Ghansoli Mumbai

BFSI, Investments & Trading Department

4.0

• posted on 09 May 2021

5.0

for Salary and Benefits

Likes

...s on business / markets and technology. Your efforts will always be appreciated. Good appraisals and bonus on yearly basis.

Salary - Excellent

+6 more

Dislikes

Nothing major. Its just your role is very specific and limited on what you work.

CRM Executive

BFSI, Investments & Trading Department

3.0

• posted on 21 Feb 2018

2.0

for Salary and Benefits

Likes

Training is grate but their work time not fix and salary credited to proper date and gvn to compensation to all exicative proper time but workenvironment not proper comfirtable in completed during work

Skill development - Good

Dislikes

Salary - Poor
Job security - Poor

+4 more

see more salary related reviews

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Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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FirstRand Bank Risk Manager Salary FAQs

What is the salary of Risk Manager at FirstRand Bank Mumbai?

Risk Manager salary at FirstRand Bank in Mumbai ranges between ₹29.7 Lakhs to ₹36.0 Lakhs for experience between 6 years to 15 years. According to our estimates it is 126% more than the average Risk Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of FirstRand Bank Mumbai.

How does the salary of a Risk Manager at FirstRand Bank Mumbai compare with the average salary range for this job?

The average salary of a Risk Manager at FirstRand Bank is 126% more than the average salary of a Risk Manager in Mumbai. To know exact salary insights, login to view.

What is the salary of a Risk Manager in companies similar to FirstRand Bank in Mumbai?

State Bank of India Risk Manager Salary - ₹18.0 Lakhs to ₹27.0 Lakhs per year
IDFC FIRST Bank Risk Manager Salary - ₹9.0 Lakhs to ₹24.0 Lakhs per year
ICICI Bank Risk Manager Salary - ₹6.1 Lakhs to ₹24.0 Lakhs per year
Axis Bank Risk Manager Salary - ₹7.2 Lakhs to ₹20.0 Lakhs per year
HDFC Bank Risk Manager Salary - ₹7.0 Lakhs to ₹22.7 Lakhs per year

What is the estimated take home salary of a Risk Manager at FirstRand Bank in Mumbai?

The estimated take-home salary of a Risk Manager at FirstRand Bank ranges between ₹1,95,306 per month to ₹2,03,000 per month in Mumbai. The take-home salary calculation is based on the average FirstRand Bank Risk Manager salary in India which ranges between ₹29.7 Lakhs to ₹36.0 Lakhs per year for employees with experience between 6 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Risk Manager at FirstRand Bank in Mumbai?

According to AmbitionBox, 100% of the FirstRand Bank Risk Managers in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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FirstRand Bank Risk Manager Salaries in Mumbai

FirstRand Bank Risk Manager salary in Mumbai ranges between ₹29.7 Lakhs to ₹36 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 FirstRand Bank latest salaries received from various employees of FirstRand Bank.