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The differences between chief risk officers and assistant branch 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 assistant branch manager. Additionally, a chief risk officer has an average salary of $117,089, which is higher than the $49,913 average annual salary of an assistant branch manager.
The top three skills for a chief risk officer include oversight, risk assessments and operational risk. The most important skills for an assistant branch manager are quality customer service, branch management, and excellent organizational.
| Chief Risk Officer | Assistant Branch Manager | |
| Yearly salary | $117,089 | $49,913 |
| Hourly rate | $56.29 | $24.00 |
| Growth rate | 17% | 17% |
| Number of jobs | 76,203 | 37,800 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
An assistant branch manager's primary responsibility is to oversee the daily operations in their designated area, ensuring that everything is running smoothly from the workflow to the workforce. Although the tasks will vary depending on the organization or industry where one is involved, most of it will revolve around evaluating and monitoring employees' progress. Additional duties include responding to calls and inquiries, managing work schedules, and making sure that customers are satisfied with all services and transactions. Moreover, an assistant branch manager must also prioritize meeting the sales targets and staying within the allotted budget and deadlines.
Chief risk officers and assistant branch managers have different pay scales, as shown below.
| Chief Risk Officer | Assistant Branch Manager | |
| Average salary | $117,089 | $49,913 |
| Salary range | Between $72,000 And $188,000 | Between $35,000 And $70,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Hampshire | New Jersey |
| Best paying company | McKinsey & Company Inc | Centennial Bank |
| Best paying industry | Finance | Transportation |
There are a few differences between a chief risk officer and an assistant branch manager in terms of educational background:
| Chief Risk Officer | Assistant Branch Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between chief risk officers' and assistant branch managers' demographics:
| Chief Risk Officer | Assistant Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.3% Female, 28.7% | Male, 45.3% Female, 54.7% |
| 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, 15.1% Asian, 8.4% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |