Chief Compliance Officer Salary

Compensation for Chief Compliance Officers in the United States is generous, with average pay surpassing six figures annually ($102K). Total incomes of Chief Compliance Officers incorporate potential for, in a few cases, more than $49K from bonuses and close to $24K from profit sharing; these performance components cause packages to range between $58K and $216K. Geographic location is the biggest factor affecting pay for this group, followed by career length. Medical benefits are awarded to most, and the larger part earn dental coverage. For the most part, Chief Compliance Officers enjoy their work and report high levels of job satisfaction. Women make up a slight majority of Chief Compliance Officers (57 percent) survey respondents. This report is based on answers to PayScale's salary questionnaire.
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$58,180 - $185,227
(Median)
$58K
$100K
$190K
MEDIAN: $101,571
10%
50%
90%

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$12.25 - $70.96
(Median)
$12
$27
$71
MEDIAN: $27.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$80K$160K$240K
Salary
$58,180 - $185,227  
   
Bonus
$502 - $49,431  
Profit Sharing
$604 - $24,323  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$58,164 - $215,667  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 921
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$12.25 - $70.96  
   
Overtime
$6.00 - $31.39  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$502 - $49,431  
   
Profit Sharing
$604 - $24,323  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$58,164 - $215,667  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 17
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Job Description for Chief Compliance Officer

Chief compliance officers are responsible for the finances and operations within their company. Whenever a department or division undertakes a new initiative requiring executive budget approval, the chief compliance officer must make a decision on whether to grant that permission. Chief compliance officers are also responsible for ensuring that operations within the company adhere to all applicable rules, regulations, policies, and laws. For example, chief compliance officers must ensure that procedures within their company's manufacturing plants are in line with Occupational Safety and Health Administration (OSHA) safety standards.

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Chief Compliance Officer Tasks

  • Conduct or direct the internal investigation of compliance issues.
  • Oversee and monitor activities for compliance with company, state and federal regulations.
  • Assess product, compliance, or operational risks and develop risk management strategies.
  • Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.

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Popular Skills for Chief Compliance Officer


Chief Compliance Officers only report a few specific skills. Most notably, skills in Legal Compliance, Regulatory Compliance, Compliance, and Risk Management / Risk Control are correlated to pay that is above average. The majority of those who know Risk Management / Risk Control also know Legal Compliance and Compliance (Financial). Those proficient in Regulatory Compliance are, more often than not, also skilled in Compliance (Financial) and Legal Compliance.

Pay by Experience Level for Chief Compliance Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Individuals with less than five years' experience take home around $83K. In contrast, though, people who have been on the job for five to 10 years report a six-figure median of $106K. Chief Compliance Officers see a median salary of $127K after reaching one to two decades on the job. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $126K.

Pay Difference by Location


With a pay rate for Chief Compliance Officers that is 59 percent greater than the national average, Boston offers a comfortable salary for those in this profession. Chief Compliance Officers can also look forward to large paychecks in cities like Los Angeles (+56 percent), San Francisco (+40 percent), Seattle (+39 percent), and New York (+36 percent). Chief Compliance Officers in Pittsburgh take home the lowest salaries, earning a whopping 29 percent less than the national average. Employers pay around 7 percent less in Dallas and 5 percent less in Miami, below-median salaries for those in this field.

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Experience Affects Chief Compliance Officer Salaries



National Average
$109,000



Skills That Affect Chief Compliance Officer Salaries


Regulatory Compliance
up arrow 4%

Risk Management / Risk Control
up arrow 2%

Compliance (Financial)
up arrow 2%

National Average
$109,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 189 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
19%
10-19 years
37%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 69%
vision benefits Vision: 55% employee benefits None: 13%
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