Credit risk management director vs audit manager

The differences between credit risk management directors and audit 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 audit manager. Additionally, a credit risk management director has an average salary of $147,122, which is higher than the $121,419 average annual salary of an audit manager.

The top three skills for a credit risk management director include SAS, derivative and alll. The most important skills for an audit manager are CPA, internal audit, and audit reports.

Credit risk management director vs audit manager overview

	Credit Risk Management Director	Audit Manager
Yearly salary	$147,122	$121,419
Hourly rate	$70.73	$58.37
Growth rate	17%	17%
Number of jobs	87,019	70,168
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 75%
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 audit manager do?

An audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.

Credit risk management director vs audit manager salary

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

	Credit Risk Management Director	Audit Manager
Average salary	$147,122	$121,419
Salary range	Between $95,000 And $227,000	Between $82,000 And $178,000
Highest paying City	Albany, NY	Portland, ME
Highest paying state	New Hampshire	Maine
Best paying company	LendingClub	Meta
Best paying industry	Finance	Manufacturing

Differences between credit risk management director and audit manager education

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

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

Credit risk management director vs audit manager demographics

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

	Credit Risk Management Director	Audit Manager
Average age	46	46
Gender ratio	Male, 72.5% Female, 27.5%	Male, 66.0% Female, 34.0%
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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit risk management director and audit 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.

Audit manager example responsibilities.

Manage a review for a large insurance company to ensure compliance with HIPAA law.
Manage audits in all divisions and ensure all accounting transactions are perform in accordance with GAAP.
Lead ERM development, implementation, risk assessment reviews, reporting, improvement/remediation, & continuous monitoring.
Manage quarterly reviews (10-Q) and annual audit (10-K) of two public companies as per PCAOB standards.
Manage audits of monthly closings, bank reports, cash flow, operations analysis, revenue accounting, and IPO documents.
Manage two staff accountants and Hyperion assistant/analyst.

Credit risk management director vs audit manager skills

Common credit risk management director skills

SAS, 7%
Derivative, 5%
Alll, 5%
Real Estate, 5%
SQL, 5%
Financial Institutions, 4%

Common audit manager skills

CPA, 14%
Internal Audit, 6%
Audit Reports, 6%
Audit Engagements, 5%
Financial Services, 5%
Risk Management, 5%

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Credit Risk Management Director
Credit Risk Management Director vs Audit Manager

Updated January 8, 2025

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