Compliance Officer Salary

The average Compliance Officer in the United States can expect to rake in roughly $62K per year. Cash earnings for Compliance Officers — which occasionally include more than $15K from bonuses and more than $10K from profit sharing — stretch from around $35K to approximately $104K. Compensation for this group is mainly affected by the specific employer, but the particular city and years of experience are influential factors as well. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The majority of Compliance Officers claim high levels of job satisfaction. There are more female Compliance Officers who answered the questionnaire than male, making up 64 percent. The data in this summary comes from the PayScale salary survey.

$39,070 - $101,508
(Median)
$39K
$62K
$100K
MEDIAN: $62,112
10%
50%
90%

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$12.39 - $29.85
(Median)
$12
$18
$30
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$39,070 - $101,508  
   
Bonus
$0.00 - $14,647  
Profit Sharing
$244.68 - $9,967  
Commission
$3,000  
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).
)
$34,992 - $104,432  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,305
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$12.39 - $29.85  
   
Overtime
$12.80 - $38.07  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $14,647  
   
Commission
$3,000  
Profit Sharing
$244.68 - $9,967  
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).
)
$34,992 - $104,432  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 353
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Job Description for Compliance Officer

A company's compliance officer generally is in charge of supervising and handling issues related to compliance with laws or regulations, including making sure that the company is up to date with its licensing requirements. Often, they must report their findings to the organization's governing body and recommend any needed changes. This job is particularly essential in heavily regulated industries such as health care and financial services.

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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.

Common Career Paths for Compliance Officer


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Compliance Officers may progress into high-paying roles like VP of Compliance, where median compensation is $103K annually. The most common next step for a Compliance Officer is to become a Chief Compliance Officer or a Senior Compliance Officer. The former position pays an additional $40K per year on average, and the latter position pays $14K more per year.

Compliance Officer (but not Agriculture, Construction, Health / Safety, or Transportation) Job Listings

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Popular Employer Salaries for Compliance Officer


Leading companies who hire large numbers of Compliance Officers include J.P. Morgan Chase & Co. (JPMCC), Citibank, Wells Fargo & Co., Ameriprise Financial, Inc., and Citigroup, Inc. Although Citibank boasts the highest average salary in town at $107K, employee compensation still varies greatly — workers can make as little as $56K or as much as $225K. Also paying near the top of the field are Deutsche Bank at $98K, Citigroup, Inc. at $93K, and Ameriprise Financial, Inc., where Compliance Officers annually earn $73K.

Other low-paying employers include J.P. Morgan Chase & Co. (JPMCC) at $67K and Wells Fargo & Co. at $72K, though some Compliance Officers there earn up to $178K.

Popular Skills for Compliance Officer


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Legal Compliance, Risk Management / Risk Control, HIPAA Compliance, and Regulatory Compliance are correlated to pay that is above average, with boosts between 10 percent and 15 percent. Those listing OSHA Compliance as a skill should be prepared for drastically lower pay. Safety Compliance and Microsoft Excel also typically command lower compensation. Most people who know Compliance also know Legal Compliance and Auditing.

Pay by Experience Level for Compliance Officer

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


For Compliance Officers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Salaries for the relatively untried average out to around $52K, but survey participants with five to 10 years of experience earn a significantly higher median of $63K. Compliance Officers bring in $72K after working for 10 to 20 years. More than 20 years of experience mean a somewhat bigger median paycheck of $75K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $60,384

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Compliance Officers, New York offers exceptional salaries, 51 percent above the national average. Compliance Officers will also find cushy salaries in San Francisco (+49 percent), Boston (+28 percent), Los Angeles (+28 percent), and Chicago (+24 percent). The smallest paychecks in the market, 6 percent south of the national average, can be found in Houston. Employers in San Antonio and Atlanta also lean toward paying below-median salaries (5 percent lower and 3 percent lower, respectively).

Compliance Officer Reviews

What is it like working as a Compliance Officer?

Compliance Officer in Oklahoma City:
"Compliance Officer/ wires."
Pros: I like that I am able to still work 40 hours a week and continue my education. I like the multitasking and responsibility given to me to make transactions go through.
Cons: Certain people are treated as higher up because of their level of education compared to others. Some of the different management within the organization is too lenient where it affects work getting done. There is also a lot of stress put onto you in my position. I may have 5 minutes to check an AML and check off people involved in the transaction with my signature all over the sheet. If something happens to go wrong (people involved in transaction are active criminals with money laundering/drug dealing) getting away with a transaction, my name is involved in the checking process which could get me into trouble.

Compliance Officer in Rockford:
"Flexible Work."
Pros: Opportunity to learn and share what I have learned.
Cons: Lack of guidance.

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Experience Affects Compliance Officer Salaries




National Average
$60,000


Skills That Affect Compliance Officer Salaries





Internal Audit
up arrow 5%

Anti-Money Laundering (AML)
up arrow 2%

Compliance (Financial)
up arrow 1%

National Average
$60,000

Bank Security Act Compliance
up arrow 1%

Auditing
up arrow 2%

Trade Compliance
up arrow 11%

Operations Management
up arrow 11%

Project Management
up arrow 17%

Microsoft Excel
up arrow 20%

Safety Compliance
up arrow 22%

OSHA Compliance
up arrow 30%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 438 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
3%
1-4 years
37%
5-9 years
27%
10-19 years
23%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 71%
medical benefits
Vision: 58%
dental benefits
None: 12%
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