Credit risk management director vs finance manager

The differences between credit risk management directors and finance 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 finance manager. Additionally, a credit risk management director has an average salary of $147,122, which is higher than the $101,374 average annual salary of a finance manager.

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

Credit risk management director vs finance manager overview

	Credit Risk Management Director	Finance Manager
Yearly salary	$147,122	$101,374
Hourly rate	$70.73	$48.74
Growth rate	17%	17%
Number of jobs	87,019	125,345
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 66%
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 finance manager do?

A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.

Credit risk management director vs finance manager salary

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

	Credit Risk Management Director	Finance Manager
Average salary	$147,122	$101,374
Salary range	Between $95,000 And $227,000	Between $71,000 And $144,000
Highest paying City	Albany, NY	New York, NY
Highest paying state	New Hampshire	New York
Best paying company	LendingClub	Barclays
Best paying industry	Finance	Finance

Differences between credit risk management director and finance manager education

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

	Credit Risk Management Director	Finance Manager
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit risk management director vs finance manager demographics

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

	Credit Risk Management Director	Finance Manager
Average age	46	46
Gender ratio	Male, 72.5% Female, 27.5%	Male, 60.0% Female, 40.0%
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, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit risk management director and finance 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.

Finance manager example responsibilities.

Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
Lead successful sales team and provide direct oversight on overall dealership business profitability.
Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
Execute simple SQL queries to validate data in tables.

Credit risk management director vs finance manager skills

Common credit risk management director skills

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

Common finance manager skills

Financial Analysis, 7%
CPA, 7%
Customer Service, 6%
Hyperion, 4%
Financial Models, 4%
Strong Analytical, 4%

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Credit Risk Management Director
Credit Risk Management Director vs Finance Manager

Updated January 8, 2025

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