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ICICI Bank Risk Manager salaries in India (Updated 2025)

Annual salary range
0 - 10 years exp.
₹5.3 Lakhs - ₹21.6 Lakhs
Salary of majority employees
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Fixed (84%)
₹10.9 Lakhs
Variable (16%)
₹2.2 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 - 9 years exp. (12 salaries)
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₹5 L/yr - ₹18 L/yr

Finance & Accounting
Risk Manager Salary
0 - 9 years exp. (11 salaries)
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₹5.6 L/yr - ₹20.2 L/yr

Product Management
Risk Manager Salary
2 - 5 years exp. (3 salaries)
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₹5.3 L/yr - ₹11.8 L/yr

Research & Development
Risk Manager Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹12 L/yr - ₹13 L/yr

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Last Updated: 22 Mar 2025

Companies similar to ICICI Bank for Risk Manager

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

1 - 10 years exp. (83 salaries)

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₹6 L/yr - ₹17.5 L/yr

arrow icon 22% less
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HDFC Bank Risk Manager Salary

1 - 10 years exp. (76 salaries)

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₹3.8 L/yr - ₹12.3 L/yr

arrow icon 29% less
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IDFC FIRST Bank Risk Manager Salary

0 - 4 years exp. (55 salaries)

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₹8.1 L/yr - ₹24 L/yr

arrow icon 44% more
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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 3% less
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Standard Chartered Risk Manager Salary

7 - 17 years exp. (25 salaries)

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₹8.6 L/yr - ₹30 L/yr

arrow icon 61% more
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Kotak Mahindra Bank Risk Manager Salary

0 - 17 years exp. (20 salaries)

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₹4.2 L/yr - ₹12.5 L/yr

arrow icon 36% less
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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 53% 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 33% more
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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 13% 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 67% 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 9% more
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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 47% less
1 job opening
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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 30% less
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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 45% more
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₹6 L/yr - ₹19.4 L/yr

arrow icon 9% more
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Sberbank Branch in India Risk Manager Salary

3 - 6 years exp. (6 salaries)

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₹19.2 L/yr - ₹27.7 L/yr

arrow icon 70% more
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₹2.9 L/yr - ₹5.8 L/yr

arrow icon 64% less
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Jana Small Finance Bank Risk Manager Salary

1 - 4 years exp. (6 salaries)

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₹1.6 L/yr - ₹5.7 L/yr

arrow icon 57% less
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₹3.9 L/yr - ₹16.2 L/yr

arrow icon 21% 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 18% less
View all
Risk Manager salary at ICICI Bank ranges between ₹5.3 Lakhs to ₹21.6 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: 22 Mar 2025

Experience Avg Annual Salary
Fresher  (3 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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₹5.2 L/yr - ₹20 L/yr
3 years  (7 salaries)

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₹5.3 L/yr - ₹22 L/yr
4 years  (6 salaries)

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₹6 L/yr - ₹23 L/yr
View all

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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₹8.44 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
(831 salaries)
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₹0.7 L/yr - ₹8 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
(525 salaries)
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₹1.25 L/yr - ₹3.8 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

3.3

Rated by 9 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

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 14 Mar 2025

2.0
 for  Salary and Benefits

Likes

Very focused on Skill development, no boss management culture, lots of data oriented actionable taken, very tech savvy and technology oriented, Strong HR policies.

read more
  • Skill development - Good
  • +1 more

Dislikes

...gement. Decision made only upon statistical reference instead of ground reality. Very poor compensation policy, no incentive or rating culture. Man marking, staff usages, proper staff onboarding, training and monitoring are missing. Depth not there to generate more business, thus missing out market share in most of the non metro or semi urban location.

read more
  • Salary - Poor
  • +1 more

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.

read more

Full Time

 · 

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

read more
  • Salary - Bad
  • +3 more
see more salary related reviews

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ICICI Bank Risk Manager Salary FAQs

What is the salary of Risk Manager at ICICI Bank ?
The average salary of a Risk Manager at ICICI Bank in India typically ranges from ₹5.3 Lakhs to ₹21.6 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Risk Manager at ICICI Bank earn more than ₹21.6 Lakhs per year, and the top 1% earn over ₹24.9 Lakhs per year. Risk Manager Salaries at ICICI Bank 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 60+ ICICI Bank employees in India.
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 in India typically ranges from ₹92,200 to ₹94,669 per month. This is based on the average salary range of ₹5.3 Lakhs to ₹21.6 Lakhs per year for employees with experience ranging from Fresher to 10 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 60+ salaries received from various employees of ICICI Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Risk Manager at ICICI Bank ?
To be a Risk Manager at ICICI Bank in india, the key skills required include:

  • - Credit Risk Management
  • - Stress Testing
  • - Regulatory Reporting
  • - Market Risk
  • - Basel II

These skills are highly valued at ICICI Bank and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than ICICI Bank for Risk Manager in India?
Deutsche Bank ₹26.0 Lakhs to ₹44.0 Lakhs per year
Sberbank Branch in India ₹19.2 Lakhs to ₹27.7 Lakhs per year
NatWest Group ₹11.6 Lakhs to ₹38.0 Lakhs per year
Standard Chartered ₹8.6 Lakhs to ₹30.0 Lakhs per year
Canara Bank ₹12.0 Lakhs to ₹34.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Bank, depending on the role and experience level.
What is the salary of a Risk Manager in companies similar to ICICI Bank in India?
The salary of a Risk Manager at companies similar to ICICI Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

State Bank of India ₹16.5 Lakhs to ₹27.0 Lakhs per year
IDFC FIRST Bank ₹8.1 Lakhs to ₹24.0 Lakhs per year
Bank of America ₹16.0 Lakhs to ₹22.0 Lakhs per year
Bank of India ₹15.0 Lakhs to ₹24.0 Lakhs per year
Barclays ₹11.0 Lakhs to ₹24.0 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 ICICI Bank in India?
The salary growth for a Risk Manager at ICICI Bank depends on factors such as experience, performance, and promotions. On average, a Risk Manager can expect the following growth trajectory at ICICI Bank:

Experience Average Salary Range
Fresher ₹8.0 Lakhs to ₹17.0 Lakhs per year
1 year ₹5.6 Lakhs to ₹18.0 Lakhs per year
2 years ₹5.2 Lakhs to ₹20.0 Lakhs per year
3 years ₹5.3 Lakhs to ₹22.0 Lakhs per year
and so on.

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ICICI Bank Risk Manager salary in India ranges between ₹5.3 Lakhs to ₹21.6 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.