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What is a credit risk management director and how to become one
A credit risk management director is the chief overseer of an organization's credit management. They are primarily responsible for advising the company on potential risks to its profitability or existence. They determine and evaluate threats, create mitigation strategies, and develop plans for when things go wrong.
Credit risk management directors may specialize in a variety of sectors, such as corporate governance, enterprise risk, and business continuity, just to name a few. They may also be responsible for recruiting staff, creating new company policies, and responding to emergency situations as needed.
Credit risk management directors can come from different educational backgrounds, but most have degrees in business, finance, and management. Aside from that, credit risk management directors typically have at least five or more years of industry experience before acquiring their roles. In terms of skills, applicants who are great communicators, leaders, and collaborators tend to shine the brightest.
The duties of a credit risk management director are crucial in the longevity of an organization. As such, they are paid an average of $168,000 per year, which is about $81 an hour.
Avg. Salary $147,122
Avg. Salary $59,228
Growth rate 17%
Growth rate 0.3%
American Indian and Alaska Native 0.34%
Asian 9.96%
Black or African American 7.41%
Hispanic or Latino 14.13%
Unknown 4.10%
White 64.06%
Genderfemale 27.49%
male 72.51%
Age - 46American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 46Stress level is very high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
Credit risk management director career paths
Key steps to become a credit risk management director
Explore credit risk management director education requirements
Start to develop specific credit risk management director skills
Skills Percentages SAS 6.57% Derivative 5.38% Alll 5.00% Real Estate 4.99% SQL 4.99% Complete relevant credit risk management director training and internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New credit risk management directors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a credit risk management director based on U.S. Bureau of Labor Statistics data and data from real credit risk management director resumes.Research credit risk management director duties and responsibilities
- Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.
- Perform due diligence and treasury integration for acquisitions in the U.S. and Mexico.
- Work on risk strategies with executives, Connell executives, treasury, and outside counsel.
- Coordinate with trading desks and legal groups in structuring collateral arrangements for various derivative products.
Get credit risk management director experience
Generally, it takes 6-8 years to become a credit risk management director. The most common roles before becoming a credit risk management director include vice president, credit manager team lead and risk manager.Prepare your credit risk management director resume
When your background is strong enough, you can start writing your credit risk management director resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a credit risk management director resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
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Build a professional credit risk management director resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your credit risk management director resume.
Apply for credit risk management director jobs
Now it's time to start searching for a credit risk management director job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first credit risk management director job
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Average credit risk management director salary
The average credit risk management director salary in the United States is $147,122 per year or $71 per hour. Credit risk management director salaries range between $95,000 and $227,000 per year.
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Updated January 8, 2025
