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ICICI Bank Risk Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 5 years exp.
₹6.2 Lakhs - ₹24 Lakhs
Salary of majority employees
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10% more than the average Risk Manager Salary in Banking Companies for 0 - 5 years of experience

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Salaries in different departments

Risk Management & Compliance
Risk Manager Salary
0 - 5 years exp. (12 salaries)
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₹9 L/yr - ₹24 L/yr

BFSI, Investments & Trading
Risk Manager Salary
0 - 5 years exp. (6 salaries)
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₹14.2 L/yr - ₹18 L/yr

Finance & Accounting
Risk Manager Salary
3 - 4 years exp. (3 salaries)
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₹10.7 L/yr - ₹21.5 L/yr

Product Management
Risk Manager Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹13.2 L/yr - ₹13.7 L/yr

Research & Development
Risk Manager Salary
1 year exp. (AmbitionBox Estimate)
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₹12 L/yr - ₹15.3 L/yr

Last Updated: 28 Feb 2025

Companies similar to ICICI Bank for Risk Manager in Mumbai

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ICICI Bank Risk Manager Salary

0 - 5 years exp. (32 salaries)

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₹6.2 L/yr - ₹24 L/yr

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

1 - 9 years exp. (22 salaries)

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₹7 L/yr - ₹22.7 L/yr

arrow icon 13% less
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Axis Bank Risk Manager Salary

1 - 17 years exp. (21 salaries)

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₹7.2 L/yr - ₹20 L/yr

arrow icon 10% less
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State Bank of India Risk Manager Salary

5 - 11 years exp. (4 salaries)

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₹18 L/yr - ₹27 L/yr

arrow icon 31% more
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Kotak Mahindra Bank Risk Manager Salary

1 - 11 years exp. (11 salaries)

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₹6.4 L/yr - ₹10.8 L/yr

arrow icon 46% less
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Yes Bank Risk Manager Salary

1 - 10 years exp. (16 salaries)

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₹9 L/yr - ₹17.1 L/yr

arrow icon 12% less
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IDFC FIRST Bank Risk Manager Salary

0 - 6 years exp. (37 salaries)

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₹9 L/yr - ₹24 L/yr

arrow icon 25% more
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Union Bank of India Risk Manager Salary

5 - 9 years exp. (8 salaries)

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₹10.3 L/yr - ₹18.5 L/yr

arrow icon 7% less
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Barclays Risk Manager Salary

6 - 13 years exp. (3 salaries)

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₹12.3 L/yr - ₹24 L/yr

arrow icon 11% more
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Bank of India Risk Manager Salary

7 - 10 years exp. (3 salaries)

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₹15 L/yr - ₹24 L/yr

arrow icon 18% more
Risk Manager salary at ICICI Bank ranges between ₹6.2 Lakhs to ₹24 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 32 latest salaries received from various employees of ICICI Bank.

Latest annual salaries shared by ICICI Bank Risk Manager in Mumbai

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Experience wise ICICI Bank Risk Manager salaries in Mumbai

Last Updated: 28 Feb 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹10.7 L/yr - ₹17 L/yr
1 year  (8 salaries)

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₹12 L/yr - ₹18 L/yr
2 years  (10 salaries)

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₹7.1 L/yr - ₹18.1 L/yr
3 years  (4 salaries)

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₹6.4 L/yr - ₹22 L/yr
4 years  (3 salaries)

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₹6.1 L/yr - ₹24 L/yr
View all

Similar Designation salaries in ICICI Bank

Deputy Manager Salary
(3.5k salaries)
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₹2.5 L/yr - ₹10.55 L/yr
Branch Manager Salary
(222 salaries)
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₹6.27 L/yr - ₹25.06 L/yr
Team Lead Salary
(153 salaries)
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₹1 L/yr - ₹7.12 L/yr
Senior Associate Salary
(122 salaries)
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₹1.5 L/yr - ₹3.8 L/yr
Finance Manager Salary
(33 salaries)
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₹6.09 L/yr - ₹20 L/yr
Audit Manager Salary
(16 salaries)
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₹6.3 L/yr - ₹18 L/yr
Accountant Salary
(10 salaries)
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₹1.4 L/yr - ₹6.3 L/yr
Auditor Salary
(6 salaries)
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₹1.7 L/yr - ₹10.65 L/yr
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₹15.3 L/yr - ₹20.18 L/yr

Top skills at ICICI Bank for Risk Manager

Credit Risk Management Stress Testing Regulatory Reporting Market Risk Basel II Derivatives Basel VAR
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Salary related reviews for ICICI Bank

3.0

Rated by 2 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.

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

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

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 Mumbai?
Risk Manager salary at ICICI Bank in Mumbai ranges between ₹6.2 Lakhs to ₹24.0 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 10% more than the average Risk Manager Salary in India. Salary estimates are based on 32 latest salaries received from various employees of ICICI Bank Mumbai.
How does the salary of a Risk Manager at ICICI Bank Mumbai compare with the average salary range for this job?
The average salary of a Risk Manager at ICICI Bank is 10% more than the average salary of a Risk Manager in Mumbai. 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 Mumbai.
Which similar companies are paying more than ICICI Bank to a Risk Manager 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
  • Bank of India Risk Manager Salary - ₹15.0 Lakhs to ₹24.0 Lakhs per year
  • Barclays Risk Manager Salary - ₹12.3 Lakhs to ₹24.0 Lakhs per year
What is the salary of a Risk Manager in companies similar to ICICI Bank in Mumbai?
  • Union Bank of India Risk Manager Salary - ₹10.3 Lakhs to ₹18.5 Lakhs per year
  • Axis Bank Risk Manager Salary - ₹7.2 Lakhs to ₹20.0 Lakhs per year
  • Yes Bank Risk Manager Salary - ₹9.0 Lakhs to ₹17.1 Lakhs per year
  • HDFC Bank Risk Manager Salary - ₹7.0 Lakhs to ₹22.7 Lakhs per year
  • Kotak Mahindra Bank Risk Manager Salary - ₹6.4 Lakhs to ₹10.8 Lakhs per year
What is the estimated take home salary of a Risk Manager at ICICI Bank in Mumbai?
The estimated take-home salary of a Risk Manager at ICICI Bank ranges between ₹1,05,450 per month to ₹1,08,348 per month in Mumbai. The take-home salary calculation is based on the average ICICI Bank Risk Manager salary in India which ranges between ₹6.2 Lakhs to ₹24.0 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?
What is the notice period for Risk Manager at ICICI Bank in Mumbai?
According to AmbitionBox, 90% of the ICICI Bank Risk Managers in Mumbai reported a notice period of 1 Month, 5% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 20 responses on AmbitionBox in last 2 years.

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ICICI Bank Risk Manager salary in Mumbai ranges between ₹6.2 Lakhs to ₹24 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 32 ICICI Bank latest salaries received from various employees of ICICI Bank.

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