Chief risk officer vs asset manager

The differences between chief risk officers and asset 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 asset manager. Additionally, a chief risk officer has an average salary of $117,089, which is higher than the $85,814 average annual salary of an asset manager.

The top three skills for a chief risk officer include oversight, risk assessments and operational risk. The most important skills for an asset manager are asset management, financial statements, and property management.

Chief risk officer vs asset manager overview

	Chief Risk Officer	Asset Manager
Yearly salary	$117,089	$85,814
Hourly rate	$56.29	$41.26
Growth rate	17%	17%
Number of jobs	76,203	64,732
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 68%
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 asset manager do?

An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.

Chief risk officer vs asset manager salary

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

	Chief Risk Officer	Asset Manager
Average salary	$117,089	$85,814
Salary range	Between $72,000 And $188,000	Between $59,000 And $123,000
Highest paying City	San Francisco, CA	New York, NY
Highest paying state	New Hampshire	New York
Best paying company	McKinsey & Company Inc	Deutsche Bank
Best paying industry	Finance	Finance

Differences between chief risk officer and asset manager education

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

	Chief Risk Officer	Asset Manager
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 68%
Most common major	Finance	Business
Most common college	University of Pennsylvania	Stanford University

Chief risk officer vs asset manager demographics

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

	Chief Risk Officer	Asset Manager
Average age	46	46
Gender ratio	Male, 71.3% Female, 28.7%	Male, 64.3% Female, 35.7%
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, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between chief risk officer and asset 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.

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Asset manager example responsibilities.

Manage and improve the processes require to support server end of life and normal windows patching processes.
Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.

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Chief risk officer vs asset 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 asset manager skills

Asset Management, 20%
Financial Statements, 7%
Property Management, 7%
Customer Service, 6%
Oversight, 5%
Loan Portfolio, 5%

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Updated January 8, 2025

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