Credit risk management director vs risk manager

The differences between credit risk management directors and risk 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 risk manager. Additionally, a credit risk management director has an average salary of $147,122, which is higher than the $116,072 average annual salary of a risk manager.

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

Credit risk management director vs risk manager overview

	Credit Risk Management Director	Risk Manager
Yearly salary	$147,122	$116,072
Hourly rate	$70.73	$55.80
Growth rate	17%	17%
Number of jobs	87,019	75,795
Job satisfaction	-	-
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 risk manager do?

A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.

Credit risk management director vs risk manager salary

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

	Credit Risk Management Director	Risk Manager
Average salary	$147,122	$116,072
Salary range	Between $95,000 And $227,000	Between $84,000 And $160,000
Highest paying City	Albany, NY	San Francisco, CA
Highest paying state	New Hampshire	California
Best paying company	LendingClub	Credit Karma
Best paying industry	Finance	Technology

Differences between credit risk management director and risk manager education

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

	Credit Risk Management Director	Risk 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 risk manager demographics

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

	Credit Risk Management Director	Risk Manager
Average age	46	46
Gender ratio	Male, 72.5% Female, 27.5%	Male, 59.3% Female, 40.7%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit risk management director and risk 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.

Risk manager example responsibilities.

Lead team in addressing Sarbanes-Oxley, HIPAA, and SAS70 compliance and control mandates.
Develop procedures and policies to manage site implementation of successful JD Edwards ERP system.
Direct staff, manage A/R and reconciliations, petty cash disbursements and tracking of all incoming claims and payments.
Manage the loan loss receivables SAS data mart, document change initiatives, implement SAS coding changes and process ongoing updates.
Manage accounting procedures and general ledger reconciliations.
Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.

Credit risk management director vs risk manager skills

Common credit risk management director skills

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

Common risk manager skills

Oversight, 10%
Risk Assessments, 6%
Project Management, 6%
Portfolio, 5%
Strong Analytical, 4%
Operational Risk, 4%

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Credit Risk Management Director
Credit Risk Management Director vs Risk Manager

Updated January 8, 2025

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