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Risk Management Associate Salary in South Africa
How much does a Risk Management Associate make in South Africa?
R405,366 (ZAR)/year
Average Bonus
R6,243 (ZAR)
per Year
Total Compensation
R407,253.64
Entry Level
R306,961
Median
R401,011
Senior Level
R461,038
As of July, 23, 2026, the average risk management associate gross salary in South Africa is R405,366 or an equivalent hourly rate of R173. In addition, risk management associates earn an average bonus of R6,243. An entry level risk management associate with 1-3 years of experience earns an average salary of R306,961. At the higher end of the pay range, a senior level risk management associate with 8+ years of experience earns an average salary of R461,038. Salary estimates are based on salary survey data collected directly from employers in South Africa.
Data powered by ERI
Salary Potential for a Risk Management Associate
Explore the estimated salary growth for a Risk Management Associate in South Africa for up to 5 years. The estimated salary of a Risk Management Associate will be R416,926 in 1 year and R466,559 in 5 years.
View Salary by Year
Estimated Salary
R428,816
Average Growth
5.8%
The estimated salary for a Risk Management Associate in 2 years is R428,816, which is 5.8% average growth. This information is based on ERI's compensation database.
Typical Risk Management Associate Education
This chart displays the highest level of education for Risk Management Associates.
- 0% of Risk Management Associates have less than a High School Diploma
- 0% of Risk Management Associates have a High School Diploma
- 0% of Risk Management Associates have an Associate's Degree
- 100% of Risk Management Associates have a Bachelor's Degree
- 0% of Risk Management Associates have a Master's Degree
- 0% of Risk Management Associates have a Doctorate Degree
The typical field of study for a Risk Management Associate is Finance.
See how education can impact your salaryPopular Skills for a Risk Management Associate
Skills data not available for this job
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The cost of living in South Africa is equal to the national average.
0% equal to
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Frequently Asked Questions
What does a Risk Management Associate do?
Supports Risk Management teams in financial forecasting and analysis activities across multiple products and accounting regimes. Plans, organizes, directs, and coordinates the development and review of relevant and required risk and incident management policies, procedures, and guidelines. Identifies hazards and potential risks and loss exposures by conducting loss-prevention surveys and performing safety inspections, audits, and risk assessments of company or accounts; analyzes incidents, accidents, and near-miss incidents; and conducts accident investigation and loss analysis to identify causes.
How much does a Risk Management Associate make in South Africa?
The average salary for a Risk Management Associate is R405,366 per year or R173.23 per hour in South Africa. Top earners have reported making up to R461,038. However, the typical pay range in South Africa is between R306,961 and R461,038 annually.
What is the salary trajectory for a Risk Management Associate?
Risk Management Associate is projected to see a 15.1 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Risk Management Associate salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
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