IDFC FIRST Bank Mumbai Risk Manager Salaries by 30+ Employees (Updated 2025)

0 - 4 years exp.

₹9 Lakhs - ₹24 Lakhs

Avg. annual salary

Monthly In-hand Salary

49% more than the average Risk Manager Salary in Banking Companies for 0 - 4 years of experience

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Salaries in different departments

Risk Management & Compliance Risk Manager Salary 0 - 4 years exp. (13 salaries)	₹10 L/yr - ₹24 L/yr
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BFSI, Investments & Trading Risk Manager Salary 1 - 4 years exp. (9 salaries)	₹12 L/yr - ₹24 L/yr

Last Updated: 23 Mar 2025

Companies similar to IDFC FIRST Bank for Risk Manager in Mumbai

IDFC FIRST Bank Risk Manager Salary

0 - 4 years exp. (38 salaries)

₹9 L/yr - ₹24 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Risk Manager Salary 0 - 6 years exp. (33 salaries)	₹10.4 L/yr - ₹25 L/yr 17% less
Axis Bank Risk Manager Salary 1 - 17 years exp. (21 salaries)	₹7.2 L/yr - ₹20 L/yr 26% less
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HDFC Bank Risk Manager Salary 1 - 9 years exp. (20 salaries)	₹6.2 L/yr - ₹19 L/yr 40% less
Yes Bank Risk Manager Salary 3 - 6 years exp. (15 salaries)	₹8.7 L/yr - ₹17 L/yr 32% less
Central Bank of India Risk Manager Salary 3 - 11 years exp. (11 salaries)	₹12 L/yr - ₹18.4 L/yr 18% less
Kotak Mahindra Bank Risk Manager Salary 1 - 11 years exp. (11 salaries)	₹6.4 L/yr - ₹10.8 L/yr 56% less
Union Bank of India Risk Manager Salary 5 - 9 years exp. (8 salaries)	₹10.3 L/yr - ₹18.5 L/yr 26% less

Risk Manager salary at IDFC FIRST Bank ranges between ₹9 Lakhs to ₹24 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 38 latest salaries received from various employees of IDFC FIRST Bank.

Latest annual salaries shared by IDFC FIRST Bank Risk Manager in Mumbai

2w ago

₹16 Lakhs

3 years exp.

2w ago

₹15 Lakhs

1 year exp.

1mo ago

₹20.7 Lakhs

1 year exp.

2mo ago

₹24 Lakhs

2 years exp.

2mo ago

₹20 Lakhs

4 years exp.

3mo ago

2 years exp.

3mo ago

2 years exp.

4mo ago

2 years exp.

6mo ago

2 years exp.

7mo ago

1 year exp.

Experience wise IDFC FIRST Bank Risk Manager salaries in Mumbai

Last Updated: 23 Mar 2025

Experience	Avg Annual Salary
Fresher (4 salaries)	₹12.8 L/yr - ₹37.9 L/yr
1 year (20 salaries)	₹14 L/yr - ₹24 L/yr
Login to view exact salary
2 years (7 salaries)	₹16.5 L/yr - ₹24 L/yr
3 years (3 salaries)	₹12 L/yr - ₹19.2 L/yr
4 years (4 salaries)	₹9 L/yr - ₹20 L/yr

Similar Designation salaries in IDFC FIRST Bank

Deputy Manager Salary

(595 salaries)

₹3 L/yr - ₹9.5 L/yr

Team Lead Salary

(87 salaries)

₹2.2 L/yr - ₹9.09 L/yr

Branch Manager Salary

(52 salaries)

₹8 L/yr - ₹27.8 L/yr

Senior Associate Salary

(36 salaries)

₹1.95 L/yr - ₹5.5 L/yr

Audit Manager Salary

(8 salaries)

₹7.4 L/yr - ₹13.12 L/yr

Accountant Salary

(6 salaries)

₹2 L/yr - ₹5.05 L/yr

Finance Manager Salary

(3 salaries)

₹3.35 L/yr - ₹8.5 L/yr

Senior Audit Manager Salary

(3 salaries)

₹13 L/yr - ₹17 L/yr

Top skills at IDFC FIRST Bank for Risk Manager

Management Risk Management Training Operational Risk Risk Mitigation Product Launch Business Continuity Planning Quality Standards Banking Risk Assurance Monitoring Portfolio Management System integration Risk Management Senior Management

Salary related reviews for IDFC FIRST Bank

3.0

Rated by 2 employees for salary & benefits

Assistant Vice President in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

1.0

• posted on 27 Jan 2025

1.0

for Salary and Benefits

Likes

Employee benefits as per banking industry is good if u have home loans

Dislikes

Work life balance, leadership is like complete egoistic and worst, salary hike is not based on performance, job security is close to nothing

Salary - Bad

+6 more

Branch Manager in Surat

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 21 Nov 2023

5.0

for Salary and Benefits

Likes

Benefits on loans are good. Salary and package is good

Salary - Excellent

+1 more

Dislikes

Management is sending 100% pressure on Branch Manager. 9 crore month on month CASA & TD is asking rate. Too much pressure on each parameters. Not driving Target as per branch size or branch's seniority. Job security is almost nil. Threatened by management on job

Skill development - Bad

+4 more

Deputy Manager in Navi Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 28 Aug 2023

4.0

for Salary and Benefits

Likes

Salary and perks

Salary - Good

+1 more

Dislikes

I worked in Refund team which is fall under RAS, where management is not good. All the appreciation is goes to girls and their closed ones it doesn't matter whether they only sit and scroll the social media whole day. I worked there only for 5 months, decided to leave organisation after completing my 2 months only because management treatment was very bad to me. RAS is good for girl employee only as management has soft corner for them, further understand what I am trying to tell here.

Skill development - Bad

+4 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 10 May 2023

3.0

for Salary and Benefits

Likes

I like work culture and job security, overall it's average, if you are good performer then you will get chance to apply for different role

Dislikes

Promotion/ appraisal and salary not good for people who's internally get promoted

Deputy Manager in Ahmedabad

Full Time

Sales & Business Development Department

1.0

• posted on 08 Jan 2023

5.0

for Salary and Benefits

Likes

Only Salary is the best part in IDFC FIRST BANK.

Salary - Excellent

Dislikes

... handle the pressure from their seniors so they put their pressure on employees.Employees only trap in salary part.even in sleep many times you will get dream of working pressure.

Skill development - Bad

+5 more

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a senior business analyst

Salary discussion

For a BA/PM, is 50% increment on current salary is too much to ask? Background: MBA from IIM, BE - Computer Science from tier 2 college, ~3 Years experience.

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IDFC FIRST Bank Risk Manager Salary FAQs

What is the salary of Risk Manager at IDFC FIRST Bank in Mumbai?

The average salary of a Risk Manager at IDFC FIRST Bank in Mumbai typically ranges from ₹9.0 Lakhs to ₹24.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Risk Manager in Mumbai at IDFC FIRST Bank earn more than ₹22.9 Lakhs per year, and the top 1% earn over ₹24.0 Lakhs per year. Risk Manager Salaries at IDFC FIRST 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+ IDFC FIRST Bank employees in India.

What is the estimated take home salary of a Risk Manager at IDFC FIRST Bank in Mumbai?

The estimated take-home salary of a Risk Manager at IDFC FIRST Bank in Mumbai typically ranges from ₹1,27,544 to ₹1,31,805 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹24.0 Lakhs per year for employees with experience ranging from Fresher to 4 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 IDFC FIRST 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 IDFC FIRST Bank in Mumbai?

To be a Risk Manager at IDFC FIRST Bank in Mumbai, the key skills required include:

- Management
- Risk Management
- Training
- Operational Risk
- Risk Mitigation

These skills are highly valued at IDFC FIRST Bank and are crucial for successful performance in a Software Engineering role.

What is the salary of a Risk Manager in companies similar to IDFC FIRST Bank in Mumbai?

The salary of a Risk Manager at companies similar to IDFC FIRST Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank	₹10.4 Lakhs to ₹25.0 Lakhs per year
Central Bank of India	₹12.0 Lakhs to ₹18.4 Lakhs per year
Union Bank of India	₹10.3 Lakhs to ₹18.5 Lakhs per year
Axis Bank	₹7.2 Lakhs to ₹20.0 Lakhs per year
Yes Bank	₹8.7 Lakhs to ₹17.0 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 IDFC FIRST Bank in Mumbai?

The salary growth for a Risk Manager at IDFC FIRST 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 IDFC FIRST Bank:

Experience	Average Salary Range
Fresher	₹12.8 Lakhs to ₹37.9 Lakhs per year
1 year	₹14.0 Lakhs to ₹24.0 Lakhs per year
2 years	₹16.5 Lakhs to ₹24.0 Lakhs per year
3 years	₹12.0 Lakhs to ₹19.2 Lakhs per year

and so on.

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IDFC FIRST Bank Risk Manager Salaries in Mumbai

IDFC FIRST Bank Risk Manager salary in Mumbai ranges between ₹9 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 38 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.