Union Bank of India Risk Manager Salaries by 10 Employees (Updated 2024)

5 - 9 years exp.

₹10.3 Lakhs - ₹18.5 Lakhs

Low Confidence

Salary of majority employees

17% more than the average Risk Manager Salary in Banking Companies for 5 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Risk Manager Salary 5 - 9 years exp. (5 salaries)	₹14.2 L/yr - ₹18.5 L/yr
Finance & Accounting Risk Manager Salary 7 - 9 years exp. (3 salaries)	₹10.3 L/yr - ₹14.5 L/yr
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Risk Management & Compliance Risk Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹14.2 L/yr - ₹14.5 L/yr

Last Updated: 4 Mar 2024

Companies similar to Union Bank of India for Risk Manager

Company name	Avg Annual Salary	Open Jobs
State Bank of India Risk Manager Salary 5 - 11 years exp. (7 salaries)	₹16.5 L/yr - ₹27 L/yr 33% more
ICICI Bank Risk Manager Salary 1 - 10 years exp. (63 salaries)	₹5.8 L/yr - ₹20.3 L/yr 7% less
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HDFC Bank Risk Manager Salary 1 - 10 years exp. (82 salaries)	₹3.9 L/yr - ₹15.3 L/yr 35% less
Axis Bank Risk Manager Salary 1 - 17 years exp. (33 salaries)	₹5.4 L/yr - ₹20 L/yr 9% less	1 job opening
Punjab National Bank Risk Manager Salary 2 - 8 years exp. (14 salaries)	₹10 L/yr - ₹18 L/yr 5% less
Bank of Baroda Risk Manager Salary 7 - 10 years exp. (3 salaries)	₹8 L/yr - ₹20 L/yr 24% more
Canara Bank Risk Manager Salary 4 - 13 years exp. (18 salaries)	₹12 L/yr - ₹34 L/yr 41% more
Kotak Mahindra Bank Risk Manager Salary 0 - 17 years exp. (18 salaries)	₹6 L/yr - ₹12.5 L/yr 37% less
IndusInd Bank Risk Manager Salary 9 - 17 years exp. (7 salaries)	₹7.1 L/yr - ₹11.5 L/yr 39% less
Yes Bank Risk Manager Salary 1 - 10 years exp. (88 salaries)	₹6 L/yr - ₹17.5 L/yr 29% less
IDFC FIRST Bank Risk Manager Salary 0 - 5 years exp. (56 salaries)	₹6.9 L/yr - ₹24 L/yr 18% more	1 job opening
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Standard Chartered Risk Manager Salary 7 - 17 years exp. (23 salaries)	₹9 L/yr - ₹30 L/yr 35% more
Barclays Risk Manager Salary 4 - 12 years exp. (16 salaries)	₹11 L/yr - ₹24 L/yr 34% more
NatWest Group Risk Manager Salary 3 - 12 years exp. (15 salaries)	₹8 L/yr - ₹26 L/yr 3% more
Central Bank of India Risk Manager Salary 3 - 11 years exp. (11 salaries)	₹12 L/yr - ₹18.4 L/yr 8% more
Indian Bank Risk Manager Salary 5 - 9 years exp. (8 salaries)	₹12 L/yr - ₹20 L/yr 10% more
Bandhan Bank Risk Manager Salary 5 - 14 years exp. (6 salaries)	₹5.2 L/yr - ₹15 L/yr 26% less
Bank of India Risk Manager Salary 7 - 12 years exp. (4 salaries)	₹15 L/yr - ₹24 L/yr 30% more
NatWest Markets Risk Manager Salary 1 - 10 years exp. (4 salaries)	₹15.9 L/yr - ₹20 L/yr 22% more
Bank of America Risk Manager Salary 1 - 6 years exp. (4 salaries)	₹16 L/yr - ₹22 L/yr 31% more

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Risk Manager salary at Union Bank of India ranges between ₹10.3 Lakhs to ₹18.5 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 10 latest salaries received from various employees of Union Bank of India.

Experience wise Union Bank of India Risk Manager salaries

Last Updated: 4 Mar 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹14.5 L/yr
6 years (AmbitionBox Estimate)	₹14.2 L/yr - ₹14.5 L/yr
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7 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹25.5 L/yr
8 years (3 salaries)	₹12.3 L/yr - ₹18.5 L/yr
9 years (AmbitionBox Estimate)	₹14.2 L/yr - ₹14.5 L/yr

Similar Designation salaries in Union Bank of India

Finance Manager Salary

(AmbitionBox Estimate)

₹13.1 L/yr - ₹16.7 L/yr

Deputy Manager Salary

(11 salaries)

₹8.52 L/yr - ₹16 L/yr

Team Lead Salary

(4 salaries)

₹2 L/yr - ₹4.65 L/yr

Accountant Salary

(6 salaries)

₹2 L/yr - ₹12 L/yr

Auditor Salary

(3 salaries)

₹1 L/yr - ₹3 L/yr

Senior Audit Manager Salary

(AmbitionBox Estimate)

₹13.6 L/yr - ₹17.4 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Audit Assistant Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

Internal Auditor Salary

(AmbitionBox Estimate)

₹8.8 L/yr - ₹11.3 L/yr

Associate Director Salary

(AmbitionBox Estimate)

₹28.8 L/yr - ₹36.8 L/yr

Salary related reviews for Union Bank of India

3.0

Rated by 1 employees for salary & benefits

Assistant Manager in Bangalore / Bengaluru

Full Time

Other Department

1.0

• posted on 14 Nov 2024

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

...or each others, no work life balance, very old system, very old infra structure. Salary is less compared to corporate, manager and others will behave like there the owners of the bank.

Manager in Tiruchirappalli

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 11 Jun 2024

4.0

for Salary and Benefits

Likes

Working with lots of coworkers. Sufficient salary.

Dislikes

Time taken by the respective department to respond to the field functionary’s concern. No real solutions arrived through discussion. Keeping important things pending.

Assistant Manager in Guwahati

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 01 Jul 2024

3.0

for Salary and Benefits

Likes

The Pay is Okay but not at par with other Government jobs. Bank Management and Bank Unions control the Banks Operations. Chaploosis are always favoured by Management and Unions. So becoming a Chaploos is the main skill needed to survive here.

Dislikes

Bank Management pressurizes staff to achieve unrealistic targets. Officers are humiliated in regular Video Conferences. Many Officers have committed suicides in the last FY. Officers can be transferred anywhere in India and Management doesn't care about staffs families.

Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Jul 2023

3.0

for Salary and Benefits

Likes

Salary and allowances will be on time. Easy to get loans on self name.

Dislikes

These days banking jobs became much stressful and hectic with no personal life. Young generation please don't come banking side anymore.

Branch Head in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 07 May 2023

5.0

for Salary and Benefits

Likes

Since it is a government bank, job security and salary is very handful.

Dislikes

Work life balance is very as they will not give you home posting it nearby posting and when you will away higher authority will force you unilaterally without listening anything

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Union Bank of India Risk Manager Salary FAQs

What is the salary of Risk Manager at Union Bank of India?

Risk Manager salary at Union Bank of India in India ranges between ₹10.3 Lakhs to ₹18.5 Lakhs for experience between 5 years to 9 years. According to our estimates it is 17% more than the average Risk Manager Salary in India. Salary estimates are based on 10 latest salaries received from various employees of Union Bank of India India.

How does the salary of a Risk Manager at Union Bank of India India compare with the average salary range for this job?

The average salary of a Risk Manager at Union Bank of India is 17% more than the average salary of a Risk Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Union Bank of India to a Risk Manager in India?

IDBI Bank Risk Manager Salary - ₹15.0 Lakhs to ₹37.4 Lakhs per year
Canara Bank Risk Manager Salary - ₹12.0 Lakhs to ₹34.0 Lakhs per year
Standard Chartered Risk Manager Salary - ₹9.0 Lakhs to ₹30.0 Lakhs per year
Barclays Risk Manager Salary - ₹11.0 Lakhs to ₹24.0 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 Union Bank of India 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
Bank of Baroda Risk Manager Salary - ₹8.0 Lakhs to ₹20.0 Lakhs per year
NatWest Markets Risk Manager Salary - ₹15.9 Lakhs to ₹20.0 Lakhs per year
IDFC FIRST Bank Risk Manager Salary - ₹6.9 Lakhs to ₹24.0 Lakhs per year

What is the estimated take home salary of a Risk Manager at Union Bank of India in India?

The estimated take-home salary of a Risk Manager at Union Bank of India ranges between ₹98,794 per month to ₹1,01,477 per month in India. The take-home salary calculation is based on the average Union Bank of India Risk Manager salary in India which ranges between ₹10.3 Lakhs to ₹18.5 Lakhs per year for employees with experience between 5 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Risk Manager at Union Bank of India?

According to AmbitionBox, 100% of the Union Bank of India Risk Managers reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Union Bank of India Risk Manager Salaries

Union Bank of India Risk Manager salary in India ranges between ₹10.3 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Union Bank of India latest salaries received from various employees of Union Bank of India.