Risk manager vs banking center manager

The differences between risk managers and banking center 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 risk manager and a banking center manager. Additionally, a banking center manager has an average salary of $128,585, which is higher than the $116,072 average annual salary of a risk manager.

The top three skills for a risk manager include oversight, risk assessments and project management. The most important skills for a banking center manager are business development, bank products, and bank policies.

Risk manager vs banking center manager overview

	Risk Manager	Banking Center Manager
Yearly salary	$116,072	$128,585
Hourly rate	$55.80	$61.82
Growth rate	17%	17%
Number of jobs	75,795	87,078
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 70%
Average age	46	46
Years of experience	8	8

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.

What does a banking center manager do?

A banking center manager is responsible for monitoring bank operations, auditing financial transactions, and ensuring that the banking staff provides the highest customer service for their clients. Banking center managers assist the team members in responding to the customers' inquiries and concerns regarding the financial options they offer, opening accounts, selling financial instruments, and resolving transactional complaints. A banking center manager must have excellent communication and analytical skills, especially in developing banking solutions that would increase the bank's reliability to the customers.

Risk manager vs banking center manager salary

Risk managers and banking center managers have different pay scales, as shown below.

	Risk Manager	Banking Center Manager
Average salary	$116,072	$128,585
Salary range	Between $84,000 And $160,000	Between $95,000 And $173,000
Highest paying City	San Francisco, CA	-
Highest paying state	California	-
Best paying company	Credit Karma	-
Best paying industry	Technology	-

Differences between risk manager and banking center manager education

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

	Risk Manager	Banking Center Manager
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 70%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Risk manager vs banking center manager demographics

Here are the differences between risk managers' and banking center managers' demographics:

	Risk Manager	Banking Center Manager
Average age	46	46
Gender ratio	Male, 59.3% Female, 40.7%	Male, 47.0% Female, 53.0%
Race ratio	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%	Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.7% Asian, 9.3% White, 63.9% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between risk manager and banking center manager duties and responsibilities

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.

Banking center manager example responsibilities.

Manage and increases the efficiency of support services such as human resources, develops individual program budgets; handles payroll.
Manage local beauty-supply branch and are responsible for performing payroll, completing all store inventory, and hiring new employees.
Support clinicians by regularly communicating on center s status, managing patient correspondence, fulfilling pharmaceutical needs, and discharging patients.
Assure compliance with AABB, JCAHO, FDA, CLIA, OSHA, and NAACLS standards.
Review daily, monthly QC, and temp checks.
Ensure compliance with governing agencies such as CLIA, API, OSHA and AABB.

Risk manager vs banking center manager skills

Common risk manager skills

Oversight, 10%
Risk Assessments, 6%
Project Management, 6%
Portfolio, 5%
Strong Analytical, 4%
Operational Risk, 4%

Common banking center manager skills

Business Development, 7%
Bank Products, 7%
Bank Policies, 6%
Customer Relationships, 6%
Regulatory Compliance, 4%
Secrecy, 4%

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Risk Manager
Risk Manager vs Banking Center Manager

Updated January 8, 2025

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