Assurance manager vs risk manager

The differences between assurance managers and risk managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an assurance manager and a risk manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $80,075 average annual salary of an assurance manager.

The top three skills for an assurance manager include client service, internal controls and business development. The most important skills for a risk manager are oversight, risk assessments, and project management.

Assurance manager vs risk manager overview

	Assurance Manager	Risk Manager
Yearly salary	$80,075	$116,072
Hourly rate	$38.50	$55.80
Growth rate	17%	17%
Number of jobs	78,670	75,795
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 66%
Average age	46	46
Years of experience	8	8

What does an assurance manager do?

An assurance manager is in charge of overseeing the quality assurance procedures in a manufacturing facility. Among their responsibilities include supervising quality assurance teams, setting goals and guidelines, managing budgets and schedules, gathering and analyzing data, producing progress reports, liaising with internal and external parties, and addressing issues and concerns, resolving them in a timely and efficient manner. Moreover, as a manager, it is essential to lead and encourage the staff to reach goals while implementing the company's policies and regulations.

What does a risk manager do?

A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.

Assurance manager vs risk manager salary

Assurance managers and risk managers have different pay scales, as shown below.

	Assurance Manager	Risk Manager
Average salary	$80,075	$116,072
Salary range	Between $55,000 And $115,000	Between $84,000 And $160,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	California	California
Best paying company	Meta	Credit Karma
Best paying industry	Technology	Technology

Differences between assurance manager and risk manager education

There are a few differences between an assurance manager and a risk manager in terms of educational background:

	Assurance Manager	Risk Manager
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 66%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Assurance manager vs risk manager demographics

Here are the differences between assurance managers' and risk managers' demographics:

	Assurance Manager	Risk Manager
Average age	46	46
Gender ratio	Male, 70.6% Female, 29.4%	Male, 59.3% Female, 40.7%
Race ratio	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3%	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between assurance manager and risk manager duties and responsibilities

Assurance manager example responsibilities.

Develop and manage CAPA systems, including tracking follow-up activities and maintaining databases to maximize efficiency and accuracy.
Manage complex development programs consisting of multiple geographically separate teams supporting automation, regression, feature test and system test.
Ensure compliance with all regulatory standards including TSA, CTPAT, and ISO.
Enhance the ISO auditing process at operational levels by organizing trial runs to facilitate employee involvement.
Perform the branch's first Sarbanes-Oxley financial audit for a public water utility within budget and deadline.
Design automation test plan, automation test suites and implement them using Java and PHP language for all brands.

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Risk manager example responsibilities.

Lead team in addressing Sarbanes-Oxley, HIPAA, and SAS70 compliance and control mandates.
Develop procedures and policies to manage site implementation of successful JD Edwards ERP system.
Direct staff, manage A/R and reconciliations, petty cash disbursements and tracking of all incoming claims and payments.
Manage the loan loss receivables SAS data mart, document change initiatives, implement SAS coding changes and process ongoing updates.
Manage accounting procedures and general ledger reconciliations.
Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.

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Assurance manager vs risk manager skills

Common assurance manager skills

Client Service, 9%
Internal Controls, 7%
Business Development, 7%
Risk Assessments, 6%
Assurance Services, 5%
Internal Audit, 5%

Common risk manager skills

Oversight, 10%
Risk Assessments, 6%
Project Management, 6%
Portfolio, 5%
Strong Analytical, 4%
Operational Risk, 4%

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Updated January 8, 2025

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