Upload Button Icon Add office photos

ICICI Bank

Compare button icon Compare button icon Compare

Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

zig zag pattern zig zag pattern
filter salariesFilter salaries by

ICICI Bank Risk Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 5 years exp.
₹6.4 Lakhs - ₹25 Lakhs
Salary of majority employees
unlock blur
Fixed (84%)
₹13.4 Lakhs
Variable (16%)
₹2.5 Lakhs
unlock blur

11% more than the average Risk Manager Salary in Banking Companies for 0 - 5 years of experience

Interested in this particular role?

Salaries in different departments

Risk Management & Compliance
Risk Manager Salary
0 - 5 years exp. (12 salaries)
unlock-blur

₹9 L/yr - ₹24 L/yr

BFSI, Investments & Trading
Risk Manager Salary
0 - 5 years exp. (6 salaries)
unlock-blur

₹15 L/yr - ₹18 L/yr

Finance & Accounting
Risk Manager Salary
3 - 4 years exp. (3 salaries)
unlock-blur

₹10.7 L/yr - ₹21.5 L/yr

Product Management
Risk Manager Salary
2 - 3 years exp. (AmbitionBox Estimate)
unlock-blur

₹14.2 L/yr - ₹14.6 L/yr

Research & Development
Risk Manager Salary
1 year exp. (AmbitionBox Estimate)
unlock-blur

₹12 L/yr - ₹15.8 L/yr

Last Updated: 22 Mar 2025

Companies similar to ICICI Bank for Risk Manager in Mumbai

Logo
ICICI Bank Risk Manager Salary

0 - 5 years exp. (33 salaries)

unlock blur

₹6.4 L/yr - ₹25 L/yr

vs
Company name Avg Annual Salary Open Jobs
Logo
IDFC FIRST Bank Risk Manager Salary

0 - 5 years exp. (37 salaries)

unlock blur

₹9 L/yr - ₹24 L/yr

arrow icon 22% more
Logo
HDFC Bank Risk Manager Salary

1 - 9 years exp. (22 salaries)

unlock blur

₹7 L/yr - ₹19.6 L/yr

arrow icon 28% less
Logo
Axis Bank Risk Manager Salary

1 - 17 years exp. (21 salaries)

unlock blur

₹7.2 L/yr - ₹20 L/yr

arrow icon 11% less
Logo
Yes Bank Risk Manager Salary

1 - 10 years exp. (18 salaries)

unlock blur

₹8.7 L/yr - ₹17.1 L/yr

arrow icon 32% less
Logo
Kotak Mahindra Bank Risk Manager Salary

1 - 11 years exp. (11 salaries)

unlock blur

₹6.4 L/yr - ₹10.8 L/yr

arrow icon 47% less
Logo
Union Bank of India Risk Manager Salary

5 - 9 years exp. (8 salaries)

unlock blur

₹10.3 L/yr - ₹18.5 L/yr

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

5 - 11 years exp. (4 salaries)

unlock blur

₹18 L/yr - ₹27 L/yr

arrow icon 27% more
Logo
Barclays Risk Manager Salary

6 - 13 years exp. (3 salaries)

unlock blur

₹12.3 L/yr - ₹24 L/yr

arrow icon 8% more
Logo
Bank of India Risk Manager Salary

7 - 10 years exp. (3 salaries)

unlock blur

₹15 L/yr - ₹24 L/yr

arrow icon 14% more
Risk Manager salary at ICICI Bank ranges between ₹6.4 Lakhs to ₹25 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 33 latest salaries received from various employees of ICICI Bank.

Latest annual salaries shared by ICICI Bank Risk Manager in Mumbai

3d ago
avg blur mobile
4 years exp.
4d ago
avg blur mobile
5 years exp.
1w ago
avg blur mobile
5 years exp.
3w ago
avg blur mobile
2 years exp.
1mo ago
avg blur mobile
2 years exp.
2mo ago
avg blur mobile
2 years exp.
2mo ago
avg blur mobile
2 years exp.
3mo ago
avg blur mobile
1 year exp.
3mo ago
avg blur mobile
7 months exp.
3mo ago
avg blur mobile
2 years exp.

Experience wise ICICI Bank Risk Manager salaries in Mumbai

Last Updated: 22 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

unlock blur

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

unlock blur

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

unlock blur

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

unlock blur

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

unlock blur

₹15.3 L/yr - ₹24 L/yr
View all

Similar Designation salaries in ICICI Bank

Deputy Manager Salary
(3.6k salaries)
unlock blur
₹2.5 L/yr - ₹10.55 L/yr
Branch Manager Salary
(223 salaries)
unlock blur
₹6.29 L/yr - ₹25.04 L/yr
Team Lead Salary
(156 salaries)
unlock blur
₹1 L/yr - ₹7 L/yr
Senior Associate Salary
(124 salaries)
unlock blur
₹1.5 L/yr - ₹3.8 L/yr
Finance Manager Salary
(33 salaries)
unlock blur
₹6.09 L/yr - ₹20 L/yr
Audit Manager Salary
(16 salaries)
unlock blur
₹6.3 L/yr - ₹18 L/yr
Accountant Salary
(10 salaries)
unlock blur
₹1.4 L/yr - ₹6.3 L/yr
Auditor Salary
(6 salaries)
unlock blur
₹1.7 L/yr - ₹10.65 L/yr
unlock blur
₹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

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

Discover interview dos and don'ts from real experiences

ICICI Bank Risk Manager Salary FAQs

What is the salary of Risk Manager at ICICI Bank in Mumbai?
The average salary of a Risk Manager at ICICI Bank in Mumbai typically ranges from ₹6.4 Lakhs to ₹25.0 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Risk Manager in Mumbai at ICICI Bank earn more than ₹23.6 Lakhs per year, and the top 1% earn over ₹25.0 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 30+ ICICI Bank employees in India.
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 in Mumbai typically ranges from ₹1,08,539 to ₹1,11,537 per month. This is based on the average salary range of ₹6.4 Lakhs to ₹25.0 Lakhs per year for employees with experience ranging from Fresher to 5 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 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 in Mumbai?
To be a Risk Manager at ICICI Bank in Mumbai, 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?
State Bank of India ₹18.0 Lakhs to ₹27.0 Lakhs per year
IDFC FIRST Bank ₹9.0 Lakhs to ₹24.0 Lakhs per year
Bank of India ₹15.0 Lakhs to ₹24.0 Lakhs per year
Barclays ₹12.3 Lakhs to ₹24.0 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 Mumbai?
The salary of a Risk Manager at companies similar to ICICI Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Union Bank of India ₹10.3 Lakhs to ₹18.5 Lakhs per year
Axis Bank ₹7.2 Lakhs to ₹20.0 Lakhs per year
HDFC Bank ₹7.0 Lakhs to ₹19.6 Lakhs per year
Yes Bank ₹8.7 Lakhs to ₹17.1 Lakhs per year
Kotak Mahindra Bank ₹6.4 Lakhs to ₹10.8 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 Mumbai?
The salary growth for a Risk Manager at ICICI Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Risk Manager in Mumbai can expect the following growth trajectory at ICICI Bank:

Experience Average Salary Range
Fresher ₹10.7 Lakhs to ₹17.0 Lakhs per year
1 year ₹12.0 Lakhs to ₹18.0 Lakhs per year
2 years ₹7.1 Lakhs to ₹18.1 Lakhs per year
3 years ₹6.4 Lakhs to ₹22.0 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Bank Risk Manager salary in Mumbai ranges between ₹6.4 Lakhs to ₹25 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 33 ICICI Bank latest salaries received from various employees of ICICI Bank.