Risk management director vs market risk specialist

The differences between risk management directors and market risk specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a risk management director and a market risk specialist. Additionally, a risk management director has an average salary of $133,286, which is higher than the $87,735 average annual salary of a market risk specialist.

The top three skills for a risk management director include oversight, risk assessments and governance. The most important skills for a market risk specialist are risk management, derivative, and VAR.

Risk management director vs market risk specialist overview

	Risk Management Director	Market Risk Specialist
Yearly salary	$133,286	$87,735
Hourly rate	$64.08	$42.18
Growth rate	17%	19%
Number of jobs	80,337	24,320
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 61%	Master's Degree, 60%
Average age	43	43
Years of experience	6	6

Risk management director vs market risk specialist salary

Risk management directors and market risk specialists have different pay scales, as shown below.

	Risk Management Director	Market Risk Specialist
Average salary	$133,286	$87,735
Salary range	Between $95,000 And $185,000	Between $56,000 And $135,000
Highest paying City	Washington, DC	Jersey City, NJ
Highest paying state	Vermont	Rhode Island
Best paying company	Conning	Federal Reserve
Best paying industry	Hospitality	-

Differences between risk management director and market risk specialist education

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

	Risk Management Director	Market Risk Specialist
Most common degree	Bachelor's Degree, 61%	Master's Degree, 60%
Most common major	Business	Finance
Most common college	University of Pennsylvania	University of Pennsylvania

Risk management director vs market risk specialist demographics

Here are the differences between risk management directors' and market risk specialists' demographics:

	Risk Management Director	Market Risk Specialist
Average age	43	43
Gender ratio	Male, 59.4% Female, 40.6%	Male, 80.0% Female, 20.0%
Race ratio	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%	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%

Differences between risk management director and market risk specialist duties and responsibilities

Risk management director example responsibilities.

Manage budget process and ensure a positive ROI.
Manage all Sarbanes-Oxley, financial, internal and ad-hoc audit activities.
Manage Fujitsu-Siemens relationship for the Americas.
Enhance CRM analytics for managing consumer interactions during multi-channel service transactions.
Manage an establish insurance program, including super vision and oversight of safety management programs.
Manage customer expectations and assist customers and partners in understanding the required project steps and deliverables for a successful CRM implementation.

Market risk specialist example responsibilities.

Used VBA to automate manual procedures to eliminate inefficient processes and save several man-hours per week.
Communicate with third party administrators and insurance carriers to include claims investigation, litigation management and settlement negotiations reducing claim exposure.
Monitor and assess the level and direction of price risk from derivatives trading at large banks.
Monitor wire and ACH activity to ensure validity of customer request to prevent fraudulent activity

Risk management director vs market risk specialist skills

Common risk management director skills

Oversight, 11%
Risk Assessments, 8%
Governance, 8%
Risk Management, 7%
Project Management, 5%
Patient Safety, 4%

Common market risk specialist skills

Risk Management, 49%
Derivative, 18%
VAR, 16%
Credit Risk, 7%
Liability Management, 5%
Foreign Exchange, 2%

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Risk Management Director
Risk Management Director vs Market Risk Specialist

Updated January 8, 2025

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