Risk control director vs finance director

The differences between risk control directors and finance directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a risk control director, becoming a finance director takes usually requires 6-8 years. Additionally, a risk control director has an average salary of $129,635, which is higher than the $118,518 average annual salary of a finance director.

The top three skills for a risk control director include oversight, governance and risk assessments. The most important skills for a finance director are CPA, financial analysis, and payroll.

Risk control director vs finance director overview

	Risk Control Director	Finance Director
Yearly salary	$129,635	$118,518
Hourly rate	$62.32	$56.98
Growth rate	4%	17%
Number of jobs	49,145	90,012
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 71%
Average age	42	46
Years of experience	2	8

What does a risk control director do?

A risk control director will be responsible for promoting risk reduction and creating a risk awareness environment within the company. As a risk control director, you will be performing a variety of tasks that include evaluating possible risks and exposures, developing effective strategies and procedures to reduce those risks, and evaluating which insurance policies meet the needs of the company. You will monitor internal investigations into incidents exposing the organization to possible risks. Also, you will conduct compliance and policy audits, and review new contracts and business proposals.

What does a finance director do?

A finance director's role is to oversee all financial activities and aspects of a company or organization. One of their duties is to gather necessary financial data and cultivate reports on essential matters such as revenue and budget, provide risk assessments and estimates, implement vital policies, and allocate funds within the company. Furthermore, a finance director must also devise strategies and recommend innovative methods for financial gains, while in adherence to the organization's policies and regulations.

Risk control director vs finance director salary

Risk control directors and finance directors have different pay scales, as shown below.

	Risk Control Director	Finance Director
Average salary	$129,635	$118,518
Salary range	Between $91,000 And $183,000	Between $76,000 And $183,000
Highest paying City	San Francisco, CA	Palo Alto, CA
Highest paying state	Louisiana	California
Best paying company	First Republic Bank	Meta
Best paying industry	Professional	Manufacturing

Differences between risk control director and finance director education

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

	Risk Control Director	Finance Director
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 71%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Risk control director vs finance director demographics

Here are the differences between risk control directors' and finance directors' demographics:

	Risk Control Director	Finance Director
Average age	42	46
Gender ratio	Male, 69.4% Female, 30.6%	Male, 65.1% Female, 34.9%
Race ratio	Black or African American, 4.9% Unknown, 4.0% Hispanic or Latino, 12.1% Asian, 10.4% White, 68.4% American Indian and Alaska Native, 0.2%	Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 9.4% White, 64.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	4%	11%

Differences between risk control director and finance director duties and responsibilities

Risk control director example responsibilities.

Create database to manage, validate and mitigate network rights and access to DoD systems/devices.
Develop and implement key processes for managing and measuring work including OLA, SLA, KPI, and CSF.
Conduct planning sessions and manage the successful implementation of hardware and software changes to the QA and production environments.
Manage accounting procedures and general ledger reconciliations.
Eliminate Sarbanes-Oxley (SOX) valuation deficiencies and design quarterly tests for compliance team.
Provide project management and oversight for strategic planning, budgeting and expense reduction.

Finance director example responsibilities.

Manage treasury functions considering the inflationary situation and changes in economic patterns to minimize any negative impact they may involve.
Improve internal controls and operating efficiency by training accountants and converting general ledger reconciliations to GAAP formats.
Prepare financial data and footnotes for independent CPA annual audit financial statements.
Develop financial models in Hyperion to aggregate sales data and allocate expenses for profitability analysis.
Complete Sarbanes-Oxley procedural requirements for entire incentive development, administration and reporting process.
Develop an electronic billing capacity and are the first Montana health care provider to bill Medicaid electronically.

Risk control director vs finance director skills

Common risk control director skills

Oversight, 11%
Governance, 7%
Risk Assessments, 7%
Internal Audit, 6%
Project Management, 6%
CPA, 5%

Common finance director skills

CPA, 7%
Financial Analysis, 6%
Payroll, 4%
Work Ethic, 4%
Oversight, 4%
Financial Management, 4%

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Risk Control Director
Risk Control Director vs Finance Director

Updated January 8, 2025

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