Senior managed vs risk manager

The differences between senior manageds 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 senior managed and a risk manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $107,923 average annual salary of a senior managed.

The top three skills for a senior managed include project management, portfolio and emerging technologies. The most important skills for a risk manager are oversight, risk assessments, and project management.

Senior managed vs risk manager overview

	Senior Managed	Risk Manager
Yearly salary	$107,923	$116,072
Hourly rate	$51.89	$55.80
Growth rate	17%	17%
Number of jobs	49,112	75,795
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 66%
Average age	46	46
Years of experience	8	8

What does a senior managed do?

Senior managers are responsible for organizing and managing the performance of a group of individuals. They observe their work and rectify actions when necessary. These managers usually direct the most important group in the company and may supervise the workers directly or guide their supervisors that in turn, managed them. Their duties include controlling the overall financial budgeting. Also, they approve hiring and firing requests within the company and guide the distinguishing of talents as well as the growth processes for the function. Additionally, they work with senior management and other peers for the establishment of strategies and implementation planning.

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.

Senior managed vs risk manager salary

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

	Senior Managed	Risk Manager
Average salary	$107,923	$116,072
Salary range	Between $71,000 And $162,000	Between $84,000 And $160,000
Highest paying City	Sacramento, CA	San Francisco, CA
Highest paying state	Washington	California
Best paying company	Walmart	Credit Karma
Best paying industry	Technology	Technology

Differences between senior managed and risk manager education

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

	Senior Managed	Risk Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Senior managed vs risk manager demographics

Here are the differences between senior manageds' and risk managers' demographics:

	Senior Managed	Risk Manager
Average age	46	46
Gender ratio	Male, 61.6% Female, 38.4%	Male, 59.3% Female, 40.7%
Race ratio	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.1% White, 63.6% 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 senior managed and risk manager duties and responsibilities

Senior managed example responsibilities.

Manage a team responsible for designing service-orient application architecture, standards and best practices guidelines, security and data access frameworks.
Provide DoD specific perspective of information security enhancing interoperability with IC.
Determine need for and plane detailed assessments of logistics situations which adversely affect readiness.
Direct all technical deployments and job scheduling with oversight for vendor and operations management.
Spearhead internal and external logistics network optimization projects to secure material cost and lead-time reductions.
Develop custom connectors to reconcile data from applications by interacting at database layer and performing provisioning for account and entitlement operations.

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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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Senior managed vs risk manager skills

Common senior managed skills

Project Management, 10%
Portfolio, 9%
Emerging Technologies, 6%
Mutual Funds, 5%
Risk Management, 4%
Working Independently, 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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