There is an article on Bloomberg about the salaries earned by risk managers, here.

Here are brief summaries I found on the web of the backgrounds of the people involved:

    Mr. Thompson holds an MBA from the Darden School at University of Virginia, where he graduated with honors, and a bachelor’s degree from Allegheny College, where he also graduated with honors and was elected to Phi Beta Kappa. Zubrow worked at Goldman Sachs from 1979 to 2004, JPMorgan said. His last job before leaving the firm where Corzine was co- chairman until 1999 was chief administrative officer. Brian  (Leach) has a B.A. in economics from Brown University and an M.B.A. from Harvard Business School.

What I conclude from this is that these are not traditional risk people now making a lot of money. These are traditional make-a-lot-of-money people now doing risk.

Highly paid risk positions, I suspect, are still not quant positions. Not even clear if they should be, but that’s how it is.