Credit risk management director vs credit director

The differences between credit risk management directors and credit directors 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 a credit director. Additionally, a credit risk management director has an average salary of $147,122, which is higher than the $129,845 average annual salary of a credit director.

The top three skills for a credit risk management director include SAS, derivative and alll. The most important skills for a credit director are credit policy, oversight, and credit card.

Credit risk management director vs credit director overview

	Credit Risk Management Director	Credit Director
Yearly salary	$147,122	$129,845
Hourly rate	$70.73	$62.43
Growth rate	17%	17%
Number of jobs	87,019	10,813
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 72%
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 a credit director do?

A credit director oversees an organization's credit-granting activities, ensuring operations adhere to credit policies and standards. Their responsibilities include making decisions in adherence with the company's short- and long-term goals, setting priorities, establishing timelines, conducting regular reviews and assessments, negotiating with external parties, and coordinating managers and supervisors. They may also manage employees to achieve these goals.

Credit risk management director vs credit director salary

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

	Credit Risk Management Director	Credit Director
Average salary	$147,122	$129,845
Salary range	Between $95,000 And $227,000	Between $76,000 And $220,000
Highest paying City	Albany, NY	San Francisco, CA
Highest paying state	New Hampshire	Alaska
Best paying company	LendingClub	Aspiration
Best paying industry	Finance	Finance

Differences between credit risk management director and credit director education

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

	Credit Risk Management Director	Credit Director
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 72%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit risk management director vs credit director demographics

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

	Credit Risk Management Director	Credit Director
Average age	46	46
Gender ratio	Male, 72.5% Female, 27.5%	Male, 72.7% Female, 27.3%
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, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.3% White, 64.0% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit risk management director and credit director 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.

Credit director example responsibilities.

Manage a staff of 50+ FTE.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Communicate collection concepts to associates using FDCPA guidelines and the company training guide.
Developed/Share best practices, including collection practices and FDCPA rules/regulations training.
Approve and prepare attorney cases for processing, guardianship, Medicaid eligibility and/or litigation.
Major focus are on risk and DSO, integrating acquisitions, national accounts, high-risk customer visitations/negotiations, and trend identification/remediation.

Credit risk management director vs credit director skills

Common credit risk management director skills

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

Common credit director skills

Credit Policy, 6%
Oversight, 6%
Credit Card, 5%
Process Improvement, 5%
Receivable Portfolio, 4%
Credit Risk Management, 4%

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Credit Risk Management Director
Credit Risk Management Director vs Credit Director

Updated January 8, 2025

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