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The differences between risk control directors and risk management 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 risk management director takes usually requires 4-6 years. Additionally, a risk management director has an average salary of $133,286, which is higher than the $129,635 average annual salary of a risk control director.
The top three skills for a risk control director include oversight, governance and risk assessments. The most important skills for a risk management director are oversight, risk assessments, and governance.
| Risk Control Director | Risk Management Director | |
| Yearly salary | $129,635 | $133,286 |
| Hourly rate | $62.32 | $64.08 |
| Growth rate | 4% | 17% |
| Number of jobs | 49,145 | 80,337 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 61% |
| Average age | 42 | 43 |
| Years of experience | 2 | 6 |
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.
A risk management director is responsible for ensuring the safety and security of all the people, assets, and processes across the organization. Risk management directors facilitate risk management programs to mitigate company risks that may affect the organization's reputation and stability. They coordinate with upper management to identify a strategic approach and strengthen risk management policies. A risk management director must have excellent communication and organizational skills, especially in writing and investigating incident reports and resolving internal escalations immediately and efficiently.
Risk control directors and risk management directors have different pay scales, as shown below.
| Risk Control Director | Risk Management Director | |
| Average salary | $129,635 | $133,286 |
| Salary range | Between $91,000 And $183,000 | Between $95,000 And $185,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Louisiana | Vermont |
| Best paying company | First Republic Bank | Conning |
| Best paying industry | Professional | Hospitality |
There are a few differences between a risk control director and a risk management director in terms of educational background:
| Risk Control Director | Risk Management Director | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between risk control directors' and risk management directors' demographics:
| Risk Control Director | Risk Management Director | |
| Average age | 42 | 43 |
| Gender ratio | Male, 69.4% Female, 30.6% | Male, 59.4% Female, 40.6% |
| 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, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 4% | 4% |