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ICICI Bank Risk Manager salaries in India (Updated 2025)

Annual salary range
0 - 10 years exp.
₹5 Lakhs - ₹20.2 Lakhs
Salary of majority employees
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Fixed (84%)
₹10.2 Lakhs
Variable (16%)
₹2.0 Lakhs
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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. (16 salaries)
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₹7 L/yr - ₹24 L/yr

BFSI, Investments & Trading
Risk Manager Salary
0 - 10 years exp. (13 salaries)
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₹5 L/yr - ₹18 L/yr

Finance & Accounting
Risk Manager Salary
0 - 5 years exp. (10 salaries)
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₹5.6 L/yr - ₹17.3 L/yr

Product Management
Risk Manager Salary
2 - 5 years exp. (3 salaries)
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₹5.3 L/yr - ₹9.9 L/yr

Research & Development
Risk Manager Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹11.6 L/yr - ₹12 L/yr

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Last Updated: 28 Feb 2025

Companies similar to ICICI Bank for Risk Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Risk Manager Salary

1 - 10 years exp. (77 salaries)

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₹3.8 L/yr - ₹14.9 L/yr

arrow icon 30% less
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Axis Bank Risk Manager Salary

1 - 17 years exp. (33 salaries)

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₹5.4 L/yr - ₹20 L/yr

arrow icon 6% more
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State Bank of India Risk Manager Salary

5 - 11 years exp. (7 salaries)

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₹16.5 L/yr - ₹27 L/yr

arrow icon 56% more
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Kotak Mahindra Bank Risk Manager Salary

0 - 17 years exp. (19 salaries)

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₹4.2 L/yr - ₹12.5 L/yr

arrow icon 29% less
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Yes Bank Risk Manager Salary

1 - 12 years exp. (87 salaries)

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₹6 L/yr - ₹19 L/yr

arrow icon 11% less
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IndusInd Bank Risk Manager Salary

9 - 17 years exp. (7 salaries)

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₹7.1 L/yr - ₹11.5 L/yr

arrow icon 25% less
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IDFC FIRST Bank Risk Manager Salary

0 - 5 years exp. (56 salaries)

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₹7.5 L/yr - ₹24 L/yr

arrow icon 43% more
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Federal Bank Risk Manager Salary

17 - 19 years exp. (3 salaries)

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₹0.9 L/yr - ₹1.2 L/yr

arrow icon 92% less
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RBL Bank Risk Manager Salary

0 - 11 years exp. (8 salaries)

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₹6 L/yr - ₹9 L/yr

arrow icon 43% less
1 job opening
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Punjab National Bank Risk Manager Salary

2 - 8 years exp. (15 salaries)

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₹10 L/yr - ₹18 L/yr

arrow icon 21% more
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Canara Bank Risk Manager Salary

4 - 13 years exp. (18 salaries)

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₹12 L/yr - ₹34 L/yr

arrow icon 65% more
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Standard Chartered Risk Manager Salary

10 - 17 years exp. (18 salaries)

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₹10 L/yr - ₹30 L/yr

arrow icon 63% more
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Barclays Risk Manager Salary

4 - 13 years exp. (17 salaries)

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₹11 L/yr - ₹24 L/yr

arrow icon 42% more
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NatWest Group Risk Manager Salary

6 - 17 years exp. (12 salaries)

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₹11.6 L/yr - ₹38 L/yr

arrow icon 79% more
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Union Bank of India Risk Manager Salary

5 - 9 years exp. (10 salaries)

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₹10.3 L/yr - ₹18.5 L/yr

arrow icon 17% more
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₹6 L/yr - ₹19.4 L/yr

arrow icon 17% more
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₹2.9 L/yr - ₹5.8 L/yr

arrow icon 61% less
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₹3.9 L/yr - ₹16.2 L/yr

arrow icon 16% less
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Bandhan Bank Risk Manager Salary

5 - 13 years exp. (5 salaries)

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₹5.2 L/yr - ₹15 L/yr

arrow icon 12% less
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Bank of India Risk Manager Salary

7 - 12 years exp. (5 salaries)

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₹15 L/yr - ₹24 L/yr

arrow icon 48% more
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Risk Manager salary at ICICI Bank ranges between ₹5 Lakhs to ₹20.2 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 64 latest salaries received from various employees of ICICI Bank.

Latest annual salaries shared by ICICI Bank Risk Manager

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Experience wise ICICI Bank Risk Manager salaries

Last Updated: 28 Feb 2025

Experience Avg Annual Salary
Fresher  (4 salaries)

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₹8 L/yr - ₹17 L/yr
1 year  (13 salaries)

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₹5.6 L/yr - ₹18 L/yr
2 years  (14 salaries)

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₹5 L/yr - ₹20 L/yr
3 years  (7 salaries)

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₹5.3 L/yr - ₹20.2 L/yr
4 years  (5 salaries)

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₹6 L/yr - ₹21.9 L/yr
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Similar Designation salaries in ICICI Bank

Audit Manager Salary
(67 salaries)
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₹4 L/yr - ₹17.16 L/yr
Finance Manager Salary
(71 salaries)
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₹8.53 L/yr - ₹16 L/yr
Branch Manager Salary
(2.3k salaries)
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₹5.4 L/yr - ₹23 L/yr
Deputy Manager Salary
(15.5k salaries)
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₹2 L/yr - ₹11 L/yr
Team Lead Salary
(835 salaries)
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₹0.7 L/yr - ₹10.29 L/yr
Accountant Salary
(48 salaries)
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₹1 L/yr - ₹8 L/yr
Senior Auditor Salary
(AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.6 L/yr
Auditor Salary
(33 salaries)
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₹1.5 L/yr - ₹8.2 L/yr
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₹12 L/yr - ₹31 L/yr
Senior Associate Salary
(533 salaries)
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₹1.2 L/yr - ₹4 L/yr

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

3.5

Rated by 8 employees for salary & benefits

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

Increment

Full Time

 · 

Customer Success, Service & Operations Department

5.0
  •  posted on 20 Feb 2025

4.0
 for  Salary and Benefits

Likes

Good to work on icici

  • Salary - Good
  • +3 more

Dislikes

...and audit teams are involving the branches and wrong potrait to super officials. Low level lady staff are working for only salary not for organisation. They will escalate the small things to HR also.

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Full Time

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IT & Information Security Department

4.0
  •  posted on 01 Feb 2025

3.0
 for  Salary and Benefits

Likes

Job Security

  • Job security - Good

Dislikes

I have concerns regarding ICICI Bank's compensation and work culture. Specifically: - Salary: The bank offers significantly lower salaries (4-6 LPA) to Tier 3 college graduates with 5-6 years of experience, including B.Tech/M.Tech degrees, compared to freshers from top-tier1 colleges for similar work. - Workload: Employees are often overloaded with excessive work, leading to undue stress. - Bias: There appears to be a bias towards hiring and promoting graduates from Tier 1 colleges. - Promotion and hikes: Opportunities for growth and salary increases seem limited. - Work environment: Some senior managers allegedly create a toxic work environment, exhibiting unprofessional behavior towards female employees and using aggressive language. - Leave policies: Junior employees are often denied leave, including PL, CL, and sick leave, while senior managers enjoy their weekends and week days as well. - Business ethics: The bank's management practices seem to lack business ethics and morals towards gender specific. - Expectation of constant availability: Junior employees, including those in Designation/Department (DE), are expected to be available 24/7, including weekends (Saturdays and Sundays) and off-days, which is unsustainable and blurs the line between personal and professional life. - No compensation for extra work: Employees are not provided with compensatory off (comp-off) for working extra days or hours, leading to burnout and impacting work-life balance.

read more
  • Work satisfaction - Poor
  • +1 more

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

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  • Salary - Bad
  • +3 more

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.

read more
  • Job security - Good
  • +3 more

Dislikes

CTC Complexities Internal department change is not easy

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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 ₹20.2 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 3% less than the average Risk Manager Salary in India. Salary estimates are based on 64 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 3% 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
  • IDFC FIRST Bank Risk Manager Salary - ₹7.5 Lakhs to ₹24.0 Lakhs per year
  • Barclays Risk Manager Salary - ₹11.0 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 ₹86,467 per month to ₹88,733 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 ₹20.2 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, 85% of the ICICI Bank Risk Managers reported a notice period of 1 Month, 8% 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.

Tell us how to improve this page.

ICICI Bank Risk Manager salary in India ranges between ₹5 Lakhs to ₹20.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 64 ICICI Bank latest salaries received from various employees of ICICI Bank.