Chief risk officer vs branch manager

The differences between chief risk officers and 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 a branch manager. Additionally, a chief risk officer has an average salary of $117,089, which is higher than the $56,291 average annual salary of a branch manager.

The top three skills for a chief risk officer include oversight, risk assessments and operational risk. The most important skills for a branch manager are customer satisfaction, business development, and branch management.

Chief risk officer vs branch manager overview

	Chief Risk Officer	Branch Manager
Yearly salary	$117,089	$56,291
Hourly rate	$56.29	$27.06
Growth rate	17%	17%
Number of jobs	76,203	333,883
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 65%
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 a branch manager do?

Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.

Chief risk officer vs branch manager salary

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

	Chief Risk Officer	Branch Manager
Average salary	$117,089	$56,291
Salary range	Between $72,000 And $188,000	Between $39,000 And $80,000
Highest paying City	San Francisco, CA	Oakland, CA
Highest paying state	New Hampshire	Alaska
Best paying company	McKinsey & Company Inc	FNB
Best paying industry	Finance	Professional

Differences between chief risk officer and branch manager education

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

	Chief Risk Officer	Branch Manager
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 65%
Most common major	Finance	Business
Most common college	University of Pennsylvania	Stanford University

Chief risk officer vs branch manager demographics

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

	Chief Risk Officer	Branch Manager
Average age	46	46
Gender ratio	Male, 71.3% Female, 28.7%	Male, 59.8% Female, 40.2%
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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between chief risk officer and branch 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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Branch manager example responsibilities.

Manage and coordinate a high volume sales pipeline from beginning to closing while ensuring all RESPA regulations are met.
Warehouse operations plus office duties, A/P, A/R.
Support A/R, A/P, and provide data analyzation from 12 branches to assist with annual budgeting projections/forecasting.
Provide leadership for sales, customer service, operations, compliance, and ethics as branch manager of an in-store branch.
Educate staff in areas of bank secrecy, bank regulations, and internal audit policy.
Train agents and managers using office generate PowerPoint presentations, company flip charts and training videos.

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Chief risk officer vs branch 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 branch manager skills

Customer Satisfaction, 8%
Business Development, 7%
Branch Management, 5%
Human Resources, 5%
Financial Statements, 5%
Performance Management, 4%

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Updated January 8, 2025

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