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Chief risk officer vs manager finance planning and analysis

The differences between chief risk officers and managers finance planning and analysis 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 manager finance planning and analysis. Additionally, a chief risk officer has an average salary of $117,089, which is higher than the $106,888 average annual salary of a manager finance planning and analysis.

The top three skills for a chief risk officer include oversight, risk assessments and operational risk. The most important skills for a manager finance planning and analysis are financial performance, financial planning analysis, and financial analysis.

Chief risk officer vs manager finance planning and analysis overview

Chief Risk OfficerManager Finance Planning And Analysis
Yearly salary$117,089$106,888
Hourly rate$56.29$51.39
Growth rate17%17%
Number of jobs76,203111,706
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 71%
Average age4646
Years of experience88

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 manager finance planning and analysis do?

A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.

Chief risk officer vs manager finance planning and analysis salary

Chief risk officers and managers finance planning and analysis have different pay scales, as shown below.

Chief Risk OfficerManager Finance Planning And Analysis
Average salary$117,089$106,888
Salary rangeBetween $72,000 And $188,000Between $76,000 And $148,000
Highest paying CitySan Francisco, CASan Bruno, CA
Highest paying stateNew HampshireConnecticut
Best paying companyMcKinsey & Company IncCravath
Best paying industryFinanceManufacturing

Differences between chief risk officer and manager finance planning and analysis education

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

Chief Risk OfficerManager Finance Planning And Analysis
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 71%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Chief risk officer vs manager finance planning and analysis demographics

Here are the differences between chief risk officers' and managers finance planning and analysis' demographics:

Chief Risk OfficerManager Finance Planning And Analysis
Average age4646
Gender ratioMale, 71.3% Female, 28.7%Male, 68.0% Female, 32.0%
Race ratioBlack 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between chief risk officer and manager finance planning and analysis 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.
  • Show more

Manager finance planning and analysis example responsibilities.

  • Manage staff analysis and reporting on GAAP operating results and statutory consolidation.
  • Evaluate and screen capital projects and business expansion initiatives achieving expect ROI and organizational success.
  • Manage capital projects, coordinate profit planning and annual business meetings, and co-manage SOX compliance implementation.
  • Manage payroll and control human resource expense budgets by identifying variance between budget and results and continuously improving working efficiency.
  • Prepare payroll and manage all human resource functions including recruitment, training and performance reviews for all administrative and financial personnel.
  • Implement 1st systematic forecast for balance sheet and cash flow in Hyperion planning providing senior management timely analysis for decision making.
  • Show more

Chief risk officer vs manager finance planning and analysis 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 manager finance planning and analysis skills
  • Financial Performance, 8%
  • Financial Planning Analysis, 7%
  • Financial Analysis, 6%
  • Customer Service, 6%
  • Financial Models, 4%
  • Hyperion, 4%

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