Credit risk management director vs asset manager

The differences between credit risk management directors 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 credit risk management director and an asset manager. Additionally, a credit risk management director has an average salary of $147,122, which is higher than the $85,814 average annual salary of an asset manager.

The top three skills for a credit risk management director include SAS, derivative and alll. The most important skills for an asset manager are asset management, financial statements, and property management.

Credit risk management director vs asset manager overview

	Credit Risk Management Director	Asset Manager
Yearly salary	$147,122	$85,814
Hourly rate	$70.73	$41.26
Growth rate	17%	17%
Number of jobs	87,019	64,732
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 68%
Average age	46	46
Years of experience	8	8

What does a credit risk management director do?

A credit risk management director spearheads and oversees the credit management activities of an organization, ensuring operations run smoothly and efficiently according to company standards and regulations. They have the authority to make significant decisions, coordinate managers and supervisors, delegate responsibilities, negotiate and build positive relationships with external parties, and implement programs that will optimize company operations. They also participate in recruiting and hiring staff, developing plans and strategies, and engaging with clients. Additionally, a credit risk management director empowers employees and implements company policies, creating new ones as necessary.

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.

Credit risk management director vs asset manager salary

Credit risk management directors and asset managers have different pay scales, as shown below.

	Credit Risk Management Director	Asset Manager
Average salary	$147,122	$85,814
Salary range	Between $95,000 And $227,000	Between $59,000 And $123,000
Highest paying City	Albany, NY	New York, NY
Highest paying state	New Hampshire	New York
Best paying company	LendingClub	Deutsche Bank
Best paying industry	Finance	Finance

Differences between credit risk management director and asset manager education

There are a few differences between a credit risk management director and an asset manager in terms of educational background:

	Credit Risk Management Director	Asset Manager
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 68%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Credit risk management director vs asset manager demographics

Here are the differences between credit risk management directors' and asset managers' demographics:

	Credit Risk Management Director	Asset Manager
Average age	46	46
Gender ratio	Male, 72.5% Female, 27.5%	Male, 64.3% Female, 35.7%
Race ratio	Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% 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 credit risk management director and asset manager duties and responsibilities

Credit risk management director example 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.
Major focus are on risk and DSO, integrating acquisitions, national accounts, high-risk customer visitations/negotiations, and trend identification/remediation.
Develop and implement credit and collection polices and controls for Sarbanes-Oxley compliance for the entire corporation and publish across all divisions.

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.

Credit risk management director vs asset manager skills

Common credit risk management director skills

SAS, 7%
Derivative, 5%
Alll, 5%
Real Estate, 5%
SQL, 5%
Financial Institutions, 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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Credit Risk Management Director
Credit Risk Management Director vs Asset Manager

Updated January 8, 2025

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