The answer is going to vary greatly from program to program. Err, sorry...programme to programme (must remember what board I'm on).
Some "Affiliate Managers" are little more than specialized customer service people, while others actively recruit new affiliates and work with existing affiliates, both in support and efforts to increase productivity, while some go so far as to manage the program as a whole. I've worked with companies to design programs, build them, recruit affiliates, manage the program, act as sole liason with affiliates, handle affiliate payouts, etc and still been called an "Affiliate Manager" or "Program Manager" while some people operating essentially a glorified second tier use the same name.
I guess it's really going to come down to what you want them to do. At a minimum, you probably want somebody who will take ownership of your program (or at least a sub-set of affiliates), recruit new affiliates, increase the productivity of the affiliates they work with, represent the company in a positive light in public settings (forums, etc) and handle affiliate support, so the affiliates keep doing what they do best.
Best of luck!
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