ICICI Bank Risk Manager Salaries by 60+ Employees (Updated 2025)

0 - 10 years exp.

₹5 Lakhs - ₹20 Lakhs

Salary of majority employees

Fixed (84%)

₹10.5 Lakhs

Variable (16%)

₹1.9 Lakhs

At par with the average Risk Manager Salary in Banking Companies for 0 - 10 years of experience

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Salaries in different departments

Risk Management & Compliance Risk Manager Salary 0 - 7 years exp. (15 salaries)	₹7 L/yr - ₹24 L/yr
BFSI, Investments & Trading Risk Manager Salary 0 - 10 years exp. (13 salaries)	₹5 L/yr - ₹18 L/yr
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Finance & Accounting Risk Manager Salary 0 - 5 years exp. (11 salaries)	₹5.6 L/yr - ₹16.4 L/yr
Product Management Risk Manager Salary 2 - 5 years exp. (3 salaries)	₹5.3 L/yr - ₹11 L/yr
Research & Development Risk Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹12 L/yr - ₹12.6 L/yr

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Last Updated: 5 Feb 2025

Companies similar to ICICI Bank for Risk Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Risk Manager Salary 1 - 10 years exp. (77 salaries)	₹3.8 L/yr - ₹14.9 L/yr 28% less
Axis Bank Risk Manager Salary 1 - 17 years exp. (33 salaries)	₹5.4 L/yr - ₹20 L/yr 4% more
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State Bank of India Risk Manager Salary 5 - 11 years exp. (7 salaries)	₹16.5 L/yr - ₹27 L/yr 52% more
Kotak Mahindra Bank Risk Manager Salary 0 - 17 years exp. (19 salaries)	₹4.2 L/yr - ₹12.5 L/yr 31% less
Yes Bank Risk Manager Salary 1 - 10 years exp. (83 salaries)	₹6 L/yr - ₹17.5 L/yr 20% less
IndusInd Bank Risk Manager Salary 9 - 17 years exp. (7 salaries)	₹7.1 L/yr - ₹11.5 L/yr 27% less
IDFC FIRST Bank Risk Manager Salary 0 - 5 years exp. (54 salaries)	₹7.5 L/yr - ₹24 L/yr 37% more
Federal Bank Risk Manager Salary 17 - 19 years exp. (3 salaries)	₹0.9 L/yr - ₹1.2 L/yr 92% less
RBL Bank Risk Manager Salary 0 - 11 years exp. (8 salaries)	₹6 L/yr - ₹9 L/yr 38% less
Punjab National Bank Risk Manager Salary 2 - 8 years exp. (14 salaries)	₹10 L/yr - ₹18 L/yr 15% more
Canara Bank Risk Manager Salary 4 - 13 years exp. (18 salaries)	₹12 L/yr - ₹34 L/yr 61% more
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Standard Chartered Risk Manager Salary 10 - 17 years exp. (18 salaries)	₹10 L/yr - ₹30 L/yr 60% more
Barclays Risk Manager Salary 4 - 13 years exp. (17 salaries)	₹11 L/yr - ₹24 L/yr 39% more
NatWest Group Risk Manager Salary 6 - 17 years exp. (12 salaries)	₹11.6 L/yr - ₹38 L/yr 76% more
Union Bank of India Risk Manager Salary 5 - 9 years exp. (10 salaries)	₹10.3 L/yr - ₹18.5 L/yr 14% more
Ujjivan Small Finance Bank Risk Manager Salary 6 - 12 years exp. (7 salaries)	₹6 L/yr - ₹19.4 L/yr 11% more
Bandhan Bank Risk Manager Salary 5 - 13 years exp. (5 salaries)	₹5.2 L/yr - ₹15 L/yr 14% less
Equitas Small Finance Bank Risk Manager Salary 1 - 11 years exp. (6 salaries)	₹2.9 L/yr - ₹5.8 L/yr 62% less
Utkarsh Small Finance Bank Risk Manager Salary 5 - 17 years exp. (6 salaries)	₹3.9 L/yr - ₹16.2 L/yr 17% less
DBS Bank Risk Manager Salary 10 - 15 years exp. (5 salaries)	₹6.9 L/yr - ₹25 L/yr 33% more

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Risk Manager salary at ICICI Bank ranges between ₹5 Lakhs to ₹20 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 63 latest salaries received from various employees of ICICI Bank.

Experience wise ICICI Bank Risk Manager salaries

Last Updated: 5 Feb 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹8 L/yr - ₹17 L/yr
1 year (13 salaries)	₹5.6 L/yr - ₹18 L/yr
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2 years (14 salaries)	₹5.2 L/yr - ₹20 L/yr
3 years (8 salaries)	₹5.3 L/yr - ₹22 L/yr
4 years (5 salaries)	₹6 L/yr - ₹22.5 L/yr
5 years (10 salaries)	₹6 L/yr - ₹22.4 L/yr
6 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹22.2 L/yr
7 years (3 salaries)	₹6.2 L/yr - ₹22.1 L/yr
8 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹21.9 L/yr
9 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹21.8 L/yr
10 years (AmbitionBox Estimate)	₹10 L/yr - ₹21.6 L/yr

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₹2.1 L/yr - ₹2.6 L/yr

Auditor Salary

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Top skills at ICICI Bank for Risk Manager

Credit Risk Management Stress Testing Regulatory Reporting Market Risk Basel II Derivatives Basel VAR

Salary related reviews for ICICI Bank

3.8

Rated by 7 employees for salary & benefits

Risk Manager in Hyderabad / Secunderabad

Risk Management & Compliance Department

5.0

• posted on 15 Mar 2019

5.0

for Salary and Benefits

Likes

...y of document. 110% job security never ever felt that there is threat to my job. Only salary and appraisal is the concern when compared to NBFCs otherwise you will find peace in the organisation.

Salary - Excellent

+6 more

Dislikes

Increment

Branch Manager in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 03 Nov 2024

1.0

for Salary and Benefits

Likes

Ot gives one an opportunity to grow and learning while at the same time it becomes stagnant

Dislikes

Salary and Appraisals are standard, irrespective of how an individual Employee is performing. The appraisal is standard all across. Additionally, the Employee is categorised basis the B-schools even after being in the organization for many years and there is a huge difference in the salary packages for Employees at the same grade

Salary - Bad

+3 more

Deputy Manager in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

4.0

• posted on 27 Oct 2024

3.0

for Salary and Benefits

Likes

Work life balance is there if you are a Virtual RM. Salary is below average as compared to posh cities where cost of living is high like Bangalore. HR policies is good. Fresher should take a chance to learn and embibe in the field. Coming to promotion it is by default your years of experience and expertise in the domain.

Job security - Good

+3 more

Dislikes

CTC Complexities Internal department change is not easy

Deputy Manager in Kolkata

Full Time

Risk Management & Compliance Department

3.0

• posted on 28 Jun 2024

4.0

for Salary and Benefits

Likes

The overall salary structure. Centralized appraisals.

Salary - Good

+1 more

Dislikes

Thank God for centralized appraisals, otherwise one wouldn't get a dime! The company culture is deteriorating with every passing minute. You won't get to learn new things unless the hierarchy sees their own benefit in it. Favourism and partiality goes hand in hand and at a peak level.

Skill development - Poor

+3 more

Internal Auditor in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 02 Dec 2024

1.0

for Salary and Benefits

Likes

Work Life balance

Skill development - Good

+3 more

Dislikes

Low salary Poor management by team leads Poor hike on promotion No merit based promotion or hike (promotion based on years of years worked irrespective of the performance, just like government job)

Salary - Bad

+2 more

see more salary related reviews

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What people are saying about ICICI Bank

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an assistant manager

Need guidance for career growth in Banking and finance domain.

Hey all, I'm working in a bank as a relationship manager with a package of 3.0 Lac of salary, and I now have 1 year of experience in retail banking. Before that, I had 1 year of experience as a customer support associate. Highest education qualification - Graduate in commerce Expecting your guidance on which skills and certifications I need to acquire for a high-paying job in the banking domain.

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ICICI Bank Risk Manager Salary FAQs

What is the salary of Risk Manager at ICICI Bank?

Risk Manager salary at ICICI Bank in India ranges between ₹5.0 Lakhs to ₹20.0 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 1% less than the average Risk Manager Salary in India. Salary estimates are based on 63 latest salaries received from various employees of ICICI Bank India.

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

The average salary of a Risk Manager at ICICI Bank is 1% less than the average salary of a Risk Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Risk Manager at ICICI Bank?

Credit Risk Management, Stress Testing, Regulatory Reporting, Market Risk and Basel II are some of the popular skills required to work as a Risk Manager at ICICI Bank India.

Which similar companies are paying more than ICICI Bank to a Risk Manager in India?

Deutsche Bank Risk Manager Salary - ₹25.4 Lakhs to ₹44.0 Lakhs per year
NatWest Group Risk Manager Salary - ₹11.6 Lakhs to ₹38.0 Lakhs per year
Canara Bank Risk Manager Salary - ₹12.0 Lakhs to ₹34.0 Lakhs per year
Standard Chartered Risk Manager Salary - ₹10.0 Lakhs to ₹30.0 Lakhs per year
State Bank of India Risk Manager Salary - ₹16.5 Lakhs to ₹27.0 Lakhs per year

What is the salary of a Risk Manager in companies similar to ICICI Bank in India?

Bank of America Risk Manager Salary - ₹16.0 Lakhs to ₹22.0 Lakhs per year
Bank of India Risk Manager Salary - ₹15.0 Lakhs to ₹24.0 Lakhs per year
Barclays Risk Manager Salary - ₹11.0 Lakhs to ₹24.0 Lakhs per year
IDFC FIRST Bank Risk Manager Salary - ₹7.5 Lakhs to ₹24.0 Lakhs per year
DBS Bank Risk Manager Salary - ₹6.9 Lakhs to ₹25.0 Lakhs per year

What is the estimated take home salary of a Risk Manager at ICICI Bank in India?

The estimated take-home salary of a Risk Manager at ICICI Bank ranges between ₹88,128 per month to ₹90,440 per month in India. The take-home salary calculation is based on the average ICICI Bank Risk Manager salary in India which ranges between ₹5.0 Lakhs to ₹20.0 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?

What is the notice period for Risk Manager at ICICI Bank?

According to AmbitionBox, 83% of the ICICI Bank Risk Managers reported a notice period of 1 Month, 10% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 41 responses on AmbitionBox in last 2 years.

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ICICI Bank Risk Manager Salaries

ICICI Bank Risk Manager salary in India ranges between ₹5 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 63 ICICI Bank latest salaries received from various employees of ICICI Bank.