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Lending services manager vs risk manager

The differences between lending services managers 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 lending services manager and a risk manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $85,258 average annual salary of a lending services manager.

The top three skills for a lending services manager include loan applications, loan portfolio and performance reviews. The most important skills for a risk manager are oversight, risk assessments, and project management.

Lending services manager vs risk manager overview

Lending Services ManagerRisk Manager
Yearly salary$85,258$116,072
Hourly rate$40.99$55.80
Growth rate17%17%
Number of jobs110,19175,795
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 66%
Average age4646
Years of experience88

Lending services manager vs risk manager salary

Lending services managers and risk managers have different pay scales, as shown below.

Lending Services ManagerRisk Manager
Average salary$85,258$116,072
Salary rangeBetween $48,000 And $148,000Between $84,000 And $160,000
Highest paying City-San Francisco, CA
Highest paying state-California
Best paying company-Credit Karma
Best paying industry-Technology

Differences between lending services manager and risk manager education

There are a few differences between a lending services manager and a risk manager in terms of educational background:

Lending Services ManagerRisk Manager
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Lending services manager vs risk manager demographics

Here are the differences between lending services managers' and risk managers' demographics:

Lending Services ManagerRisk Manager
Average age4646
Gender ratioMale, 59.7% Female, 40.3%Male, 59.3% Female, 40.7%
Race ratioBlack 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%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 Percentage11%11%

Differences between lending services manager and risk manager duties and responsibilities

Lending services manager example responsibilities.

  • Manage the execution of underwriting, portfolio analysis and account- base decision making in accordance with establish guidelines and processes.
  • Develop team of newly hire underwriters through transition from one origination channel and methodology to another.
  • Obtain new payroll clients and generate referrals by promoting value-base solutions that address specific business needs within a define geographical region.
  • Maintain organize work area and balance cash drawer and ATM on a daily basis.
  • Work directly with consumers as well as real estate agents, CPA's and attorneys.

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.
  • Show more

Lending services manager vs risk manager skills

Common lending services manager skills
  • Loan Applications, 11%
  • Loan Portfolio, 5%
  • Performance Reviews, 5%
  • Credit Risk, 4%
  • Commercial Banking, 4%
  • Real Estate, 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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