Credit risk management director vs credit manager

The differences between credit risk management directors and credit 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 a credit manager. Additionally, a credit risk management director has an average salary of $147,122, which is higher than the $68,583 average annual salary of a credit manager.

The top three skills for a credit risk management director include SAS, derivative and alll. The most important skills for a credit manager are customer service, financial statements, and credit card.

Credit risk management director vs credit manager overview

	Credit Risk Management Director	Credit Manager
Yearly salary	$147,122	$68,583
Hourly rate	$70.73	$32.97
Growth rate	17%	17%
Number of jobs	87,019	63,898
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 67%
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 manager do?

A credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.

Credit risk management director vs credit manager salary

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

	Credit Risk Management Director	Credit Manager
Average salary	$147,122	$68,583
Salary range	Between $95,000 And $227,000	Between $39,000 And $119,000
Highest paying City	Albany, NY	San Francisco, CA
Highest paying state	New Hampshire	Oregon
Best paying company	LendingClub	Microsoft
Best paying industry	Finance	Finance

Differences between credit risk management director and credit manager education

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

	Credit Risk Management Director	Credit Manager
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit risk management director vs credit manager demographics

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

	Credit Risk Management Director	Credit Manager
Average age	46	46
Gender ratio	Male, 72.5% Female, 27.5%	Male, 53.9% Female, 46.1%
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, 7.8% White, 64.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit risk management director and credit 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.

Credit manager example responsibilities.

Manage treasury department including all cash management, bank relationships, and debt negotiations.
Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Launch the new SBA lending and residential mortgage lending programs.
Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
Leverage GBM using features generate on Experian's tradeline data through unsupervise learning tool Khiops.

Credit risk management director vs credit manager skills

Common credit risk management director skills

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

Common credit manager skills

Customer Service, 16%
Financial Statements, 9%
Credit Card, 5%
Credit Risk, 5%
Credit Policy, 5%
Customer Accounts, 4%

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Credit Risk Management Director
Credit Risk Management Director vs Credit Manager

Updated January 8, 2025

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