Average Chief Risk Officer Salary in New Zealand for 2026

In this article, we will look at the average Chief Risk Officer salary for 2026 in New Zealand and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the New Zealand dollar. To keep things simple, we are using the NZD currency code instead of the currency symbol $.

How Much Does a Chief Risk Officer Make in New Zealand?

A Chief Risk Officer working in New Zealand will typically earn around 139,100 NZD per year, and this can range from the lowest average salary of about 73,100 NZD to the highest average salary of 210,400 NZD.

These are average salaries for a Chief Risk Officer in New Zealand and include benefits such as housing and transport. It's also possible for a Chief Risk Officer to earn more or less than the average salaries shown above.

Chief Risk Officer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Chief Risk Officer Salaries in New Zealand

So we've looked at the average salaries a Chief Risk Officer will earn in New Zealand. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Chief Risk Officer can earn between 73,100 NZD and 210,400 NZD on average in New Zealand. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Chief Risk Officer in New Zealand is 130,400 NZD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 130,400 NZD, and 50% of the population earn more than 130,400 NZD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Chief Risk Officer salary in New Zealand, 25% of the population are earning less than 92,900 NZD while 75% of the population earn more than 92,900 NZD.

75% of the population earn less than 163,800 NZD, and 25% of the population earn more than 163,800 NZD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Chief Risk Officer Salary by Experience Level in New Zealand

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Chief Risk Officer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Chief Risk Officer in New Zealand that has less than two years of experience can expect to earn somewhere in the region of 82,300 NZD.
• 2 - 5 Years Experience. With two to five years of experience the average Chief Risk Officer salary would increase to 109,700 NZD.
• 5 - 10 Years Experience. From five to ten years of experience as a Chief Risk Officer, the average salary would be 140,200 NZD.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 172,300 NZD.
• 15 - 20 Years Experience. A Chief Risk Officer with 15 to 20 years of experience can earn an average of 189,800 NZD.
• 20+ Years Experience. For a Chief Risk Officer with more than 20 years, the expected average salary increases to 197,600 NZD.

Average Salary by Experience Chart

Chief Risk Officer Salary by Education Level in New Zealand

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Chief Risk Officer in New Zealand based on the education level of the employees in order to find out whether a better education level would increase your salary.

• High School. A Chief Risk Officer in New Zealand with a high school education can earn an average salary of 99,600 NZD.
• Certificate or Diploma. A Chief Risk Officer in New Zealand with a certificate or diploma education can earn an average salary of 112,700 NZD.
• Bachelor's Degree. A Chief Risk Officer in New Zealand with a bachelor's degree education can earn an average salary of 158,900 NZD.
• Master's Degree. A Chief Risk Officer in New Zealand with a master's degree education can earn an average salary of 190,400 NZD.

Average Salary by Education Chart

Chief Risk Officer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In New Zealand, a male chief risk officer will earn an average of 142,100 NZD, while a female chief risk officer will earn around 134,700 NZD.

This means that a male chief risk officer earns approximately 5% more than a female chief risk officer for performing the same job.

Average Salary by Gender Chart in New Zealand

Chief Risk Officer Average Pay Raise in New Zealand

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Chief Risk Officer in New Zealand is around 13% every 15 months.

The national average pay raise across all professions and industries in New Zealand is around 8% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 13 ÷ 15 ) × 12  = 10%

What this means is that a Chief Risk Officer in New Zealand can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in New Zealand for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in New Zealand.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Chief Risk Officer Bonus and Incentive Rates in New Zealand

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Chief Risk Officer is a high bonus based job, with 80% of employees reporting at least one bonus in the last 12 months.

20% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in New Zealand earn approximately 5% more than private sector employees in the same role.

Salaries for Jobs Similar to a Chief Risk Officer

In the table below, we have salary information for jobs that are similar to a Chief Risk Officer in New Zealand.

Salary Comparison by City

If you want to compare salaries with different cities in New Zealand, you can use the links below to explore the data for each specific city we have researched.