Chief risk officer vs accounts payable manager

The differences between chief risk officers and accounts payable managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a chief risk officer and an accounts payable manager. Additionally, a chief risk officer has an average salary of $117,089, which is higher than the $69,808 average annual salary of an accounts payable manager.

The top three skills for a chief risk officer include oversight, risk assessments and operational risk. The most important skills for an accounts payable manager are customer service, reconciliations, and purchase orders.

Chief risk officer vs accounts payable manager overview

	Chief Risk Officer	Accounts Payable Manager
Yearly salary	$117,089	$69,808
Hourly rate	$56.29	$33.56
Growth rate	17%	17%
Number of jobs	76,203	53,384
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 58%
Average age	46	46
Years of experience	8	8

What does a chief risk officer do?

A chief risk officer is responsible for monitoring the organization's overall operational procedures and regulatory processes to evaluate risk levels and minimize risk exposure. Chief risk officers maintain the safety and security of all the databases and ensure the confidentiality of information from unauthorized access and distribution. They also oversee the business and financial transactions regularly to identify improvement solutions that would generate revenues and resources. A chief risk officer reviews incident reports and handles recovery methods, especially for business continuity plans during national emergencies and unfortunate situations.

What does an accounts payable manager do?

An accounts payable manager is in charge of supervising a company's financial activities, particularly in all payable matters. Their primary responsibilities revolve around managing and assessing staff performances and overseeing check and payroll disbursements. They also take care of maintaining and securing records of employees, clients, and company finances, and implement company objectives while ensuring accuracy in all operations. Furthermore, as a manager, it is essential to uphold all company policies and regulations, all while leading and encouraging staff in a joint effort to accomplish goals and tasks.

Chief risk officer vs accounts payable manager salary

Chief risk officers and accounts payable managers have different pay scales, as shown below.

	Chief Risk Officer	Accounts Payable Manager
Average salary	$117,089	$69,808
Salary range	Between $72,000 And $188,000	Between $51,000 And $95,000
Highest paying City	San Francisco, CA	Beaverton, OR
Highest paying state	New Hampshire	Oregon
Best paying company	McKinsey & Company Inc	Microsoft
Best paying industry	Finance	Finance

Differences between chief risk officer and accounts payable manager education

There are a few differences between a chief risk officer and an accounts payable manager in terms of educational background:

	Chief Risk Officer	Accounts Payable Manager
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 58%
Most common major	Finance	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Chief risk officer vs accounts payable manager demographics

Here are the differences between chief risk officers' and accounts payable managers' demographics:

	Chief Risk Officer	Accounts Payable Manager
Average age	46	46
Gender ratio	Male, 71.3% Female, 28.7%	Male, 24.0% Female, 76.0%
Race ratio	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 13.8% Asian, 10.5% White, 63.4% American Indian and Alaska Native, 0.3%	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.0% White, 64.3% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between chief risk officer and accounts payable manager duties and responsibilities

Chief risk officer example responsibilities.

Manage investigation and reporting of occurrences to applicable regulatory agencies when indicate and facilitate disclosure to patients and families.
Develop the tools and process for aggregation of product level results to the entity level for all ERM risk modeling projects.
Analyze and develop treasury management reports.
Provide oversight for regulatory and compliance directives.
Provide oversight of product approval and development processes.
Specialize in SAS data mining software and analytic intelligence platform.

Accounts payable manager example responsibilities.

Manage bi-weekly payroll, bonuses, pay cards, PTO.
Collect, enter & manage the quality of information require to produce accurate information report to IRS.
Authorize all AP payment invoices, manage deposits and cash management functions, while providing overall complete payroll oversight.
Refine the 'pro forma invoice' system process to manage prepayments of client invoices enhancing efficiency and adding value.
Assist in computer software upgrade to integrate all accounting functions including pricing, AP, AR, GL and inventory.
Ensure timely and efficient processing of authorize AP invoices and cash disbursements, as well as AR invoices and cash receipts.

Chief risk officer vs accounts payable manager skills

Common chief risk officer skills

Oversight, 9%
Risk Assessments, 6%
Operational Risk, 6%
Human Resources, 5%
Audit Findings, 5%
Risk Management Framework, 4%

Common accounts payable manager skills

Customer Service, 7%
Reconciliations, 6%
Purchase Orders, 5%
Vendor Invoices, 5%
Financial Statements, 4%
Payroll, 4%

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Chief Risk Officer
Chief Risk Officer vs Accounts Payable Manager

Updated January 8, 2025

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