SMFG India Credit Risk Manager Salaries by 30+ Employees

3 - 11 years exp.

₹2.4 Lakhs - ₹5.1 Lakhs

Salary of majority employees

70% less than the average Risk Manager Salary in NBFC Companies for 3 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Risk Manager Salary 3 - 11 years exp. (20 salaries)	₹2.4 L/yr - ₹5.1 L/yr
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Finance & Accounting Risk Manager Salary 3 - 9 years exp. (12 salaries)	₹2.6 L/yr - ₹4.5 L/yr

Last Updated: 25 Jul 2023

Companies similar to SMFG India Credit for Risk Manager

Company name	Avg Annual Salary	Open Jobs
L&T Finance Risk Manager Salary 0 - 8 years exp. (175 salaries)	₹2.4 L/yr - ₹6.1 L/yr 4% more
Bajaj Finance Risk Manager Salary 0 - 6 years exp. (29 salaries)	₹4.1 L/yr - ₹7.9 L/yr 91% more
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Home Credit Finance Risk Manager Salary 1 - 7 years exp. (21 salaries)	₹1.8 L/yr - ₹6.5 L/yr 20% less
IIFL Finance Risk Manager Salary 1 - 7 years exp. (11 salaries)	₹8.1 L/yr - ₹24 L/yr 293% more
Svatantra Microfin Risk Manager Salary 1 - 6 years exp. (11 salaries)	₹2.2 L/yr - ₹5.3 L/yr 9% less
Aditya Birla Finance Risk Manager Salary 1 - 8 years exp. (10 salaries)	₹7.4 L/yr - ₹10.6 L/yr 177% more
CreditAccess Grameen Risk Manager Salary 5 - 9 years exp. (8 salaries)	₹2.9 L/yr - ₹5.5 L/yr 30% more
HDB Financial Services Risk Manager Salary 2 - 17 years exp. (8 salaries)	₹3 L/yr - ₹10 L/yr 61% more
Bharat Financial Inclusion Risk Manager Salary 0 - 6 years exp. (7 salaries)	₹3.8 L/yr - ₹11 L/yr 99% more
Annapurna Finance Risk Manager Salary 2 - 6 years exp. (6 salaries)	₹5 L/yr - ₹19 L/yr 215% more
Mahindra Finance Risk Manager Salary 6 - 17 years exp. (5 salaries)	₹17.1 L/yr - ₹25.3 L/yr 486% more
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Satin Creditcare Network Risk Manager Salary 1 - 4 years exp. (4 salaries)	₹3 L/yr - ₹4.1 L/yr 7% less
Shriram Finance Risk Manager Salary 2 - 14 years exp. (4 salaries)	₹2.8 L/yr - ₹7.1 L/yr 25% more
Fusion Microfinance Risk Manager Salary 3 - 13 years exp. (3 salaries)	₹7 L/yr - ₹13 L/yr 165% more
Aye Finance Risk Manager Salary 3 - 6 years exp. (3 salaries)	₹15 L/yr - ₹22 L/yr 412% more
Mahindra Rural Housing Finance Risk Manager Salary 7 - 12 years exp. (3 salaries)	₹8 L/yr - ₹12 L/yr 174% more
Tata Motors Finance Risk Manager Salary 5 - 11 years exp. (3 salaries)	₹7 L/yr - ₹10 L/yr 138% more

Risk Manager salary at SMFG India Credit ranges between ₹2.4 Lakhs to ₹5.1 Lakhs per year for employees with experience between 3 years to 11 years. Salary estimates are based on 34 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Risk Manager salaries

Last Updated: 25 Jul 2023

Experience	Avg Annual Salary
3 years (6 salaries)	₹2.4 L/yr - ₹4.5 L/yr
4 years (3 salaries)	₹2.6 L/yr - ₹3.8 L/yr
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5 years (9 salaries)	₹2.9 L/yr - ₹5.1 L/yr
6 years (6 salaries)	₹3.5 L/yr - ₹5.1 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹6.8 L/yr
8 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹6.8 L/yr
9 years (5 salaries)	₹3.4 L/yr - ₹3.8 L/yr
10 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹6.9 L/yr
11 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4 L/yr

View all

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Branch Manager Salary

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Deputy Manager Salary

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Team Lead Salary

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Accountant Salary

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Senior Audit Manager Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Senior Associate Salary

(3 salaries)

₹3.76 L/yr - ₹4.35 L/yr

Audit Associate Salary

(AmbitionBox Estimate)

₹1.1 L/yr - ₹1.4 L/yr

Audit Assistant Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Salary related reviews for SMFG India Credit

3.9

Rated by 14 employees for salary & benefits

Branch Manager in Mumbai

Vehicle Finance Department

5.0

• posted on 26 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Tele Calling Officer in Rajahmundry

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 15 Dec 2024

4.0

for Salary and Benefits

Likes

I worked as a tele calling officer. I like the salary and benefits. But I didn't receive them because of I'm a tele calling officer l.

Salary - Good

Dislikes

Internal politics. Senior officers are very rude to freshers. Very less opportunities to promotions. Unsecured for women.

Promotions - Poor

+2 more

Transaction Officer in Lucknow

Full Time

Risk Management & Compliance Department

2.0

• posted on 28 Oct 2024

3.0

for Salary and Benefits

Likes

One thing is better that salary will credit on last day of month and everythings are bad for every staff. Work load is too high that a person can suiside.

Dislikes

Overall score not good. Company culture इस very bad. 16hrs work in everyday since morning late night 11:30 PM. No leave and no bonus. Work load is too high that a person can suside by stress/pressure. All day working

Skill development - Bad

+3 more

Customer Relationship Officer in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 03 Oct 2024

3.0

for Salary and Benefits

Likes

Salary on time no dedication any amt Company policy or company management or to good

Dislikes

Manager behavior not good with employees Timing issues for logg out No holiday for any festivals No benefit for extra hours seating showing Parcaility with hindu vs muslim

Skill development - Bad

+5 more

Senior Officer Operations in Chennai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 08 Jul 2024

2.0

for Salary and Benefits

Likes

Nothing to like at Fullerton

Dislikes

Giving confirmation to pay for additional extra hours OT work but not given such a politics company Almost 50k is pending from my end Total team payment is govindha govindha govindha

Salary - Poor

+3 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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SMFG India Credit Risk Manager Salary FAQs

What is the salary of Risk Manager at SMFG India Credit ?

The average salary of a Risk Manager at SMFG India Credit in India typically ranges from ₹2.4 Lakhs to ₹5.1 Lakhs per year, depending on experience (from 3 years to 11 years).

The top 10% of Risk Manager at SMFG India Credit earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹5.1 Lakhs per year. Risk Manager Salaries at SMFG India Credit can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 30+ SMFG India Credit employees in India.

What is the estimated take home salary of a Risk Manager at SMFG India Credit in India?

The estimated take-home salary of a Risk Manager at SMFG India Credit in India typically ranges from ₹27,728 to ₹29,126 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹5.1 Lakhs per year for employees with experience ranging from 3 years to 11 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 30+ salaries received from various employees of SMFG India Credit. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SMFG India Credit for Risk Manager in India?

Mahindra Finance	₹17.1 Lakhs to ₹25.3 Lakhs per year
Aye Finance	₹15.0 Lakhs to ₹22.0 Lakhs per year
IIFL Finance	₹8.1 Lakhs to ₹24.0 Lakhs per year
Annapurna Finance	₹5.0 Lakhs to ₹19.0 Lakhs per year
Aditya Birla Finance	₹7.4 Lakhs to ₹10.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SMFG India Credit, depending on the role and experience level.

What is the salary of a Risk Manager in companies similar to SMFG India Credit in India?

The salary of a Risk Manager at companies similar to SMFG India Credit in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Mahindra Rural Housing Finance	₹8.0 Lakhs to ₹12.0 Lakhs per year
Fusion Microfinance	₹7.0 Lakhs to ₹13.0 Lakhs per year
Tata Motors Finance	₹7.0 Lakhs to ₹10.0 Lakhs per year
Bharat Financial Inclusion	₹3.8 Lakhs to ₹11.0 Lakhs per year
Bajaj Finance	₹4.1 Lakhs to ₹7.9 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Risk Manager at SMFG India Credit in India?

The salary growth for a Risk Manager at SMFG India Credit depends on factors such as experience, performance, and promotions. On average, a Risk Manager can expect the following growth trajectory at SMFG India Credit:

Experience	Average Salary Range
3 years	₹2.4 Lakhs to ₹4.5 Lakhs per year
4 years	₹2.6 Lakhs to ₹3.8 Lakhs per year
5 years	₹2.9 Lakhs to ₹5.1 Lakhs per year
6 years	₹3.5 Lakhs to ₹5.1 Lakhs per year

and so on.

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SMFG India Credit Risk Manager Salaries

SMFG India Credit Risk Manager salary in India ranges between ₹2.4 Lakhs to ₹5.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 34 SMFG India Credit latest salaries received from various employees of SMFG India Credit.