Reporting manager vs risk manager

The differences between reporting 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 reporting manager and a risk manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $106,336 average annual salary of a reporting manager.

The top three skills for a reporting manager include GAAP, internal controls and external auditors. The most important skills for a risk manager are oversight, risk assessments, and project management.

Reporting manager vs risk manager overview

	Reporting Manager	Risk Manager
Yearly salary	$106,336	$116,072
Hourly rate	$51.12	$55.80
Growth rate	17%	17%
Number of jobs	67,631	75,795
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 66%
Average age	46	46
Years of experience	8	8

What does a reporting manager do?

The duties of a reporting manager depend on one's line of work or industry of employment. Typically, they perform clerical tasks such as producing progress reports and presentations, maintaining accurate records and documentation, updating databases, managing schedules, and performing regular inspections and site visits. There are also instances where one must respond to inquiries and concerns, report to supervisors, and coordinate with other department personnel. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.

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.

Reporting manager vs risk manager salary

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

	Reporting Manager	Risk Manager
Average salary	$106,336	$116,072
Salary range	Between $80,000 And $139,000	Between $84,000 And $160,000
Highest paying City	Richmond, CA	San Francisco, CA
Highest paying state	Washington	California
Best paying company	Meta	Credit Karma
Best paying industry	Manufacturing	Technology

Differences between reporting manager and risk manager education

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

	Reporting Manager	Risk Manager
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 66%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Reporting manager vs risk manager demographics

Here are the differences between reporting managers' and risk managers' demographics:

	Reporting Manager	Risk Manager
Average age	46	46
Gender ratio	Male, 59.6% Female, 40.4%	Male, 59.3% Female, 40.7%
Race ratio	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%	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 reporting manager and risk manager duties and responsibilities

Reporting manager example responsibilities.

Perform, then manage, profit and loss for volatile, derivative mortgage back securities.
Used Microsoft SharePoint to manage projects, establish work flow, and document reports and report field definitions.
Manage the administrator of a Hyperion database.
Manage and mentore junior analysts in report optimization and SAS proficiency.
Prepare monthly IFRS financial statements including balance sheet and income statement using HFM.
Establish and maintain SOX documentation for initial compliance including management of testing with internal audit consultants.

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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.

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Reporting manager vs risk manager skills

Common reporting manager skills

GAAP, 9%
Internal Controls, 7%
External Auditors, 4%
ASC, 4%
Data Analysis, 4%
Visualization, 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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Updated January 8, 2025

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