Compliance Officer Salary

Compliance Officers in the United States take home an average $62K annually. In the world of Compliance Officers, overall cash allowance can occasionally include more than $15K from bonuses and, in some exceptional cases, $10K from profit sharing, causing incomes to vary widely between $35K and $104K. This group's pay is mainly influenced by the specific employer, followed by geography and tenure. Women account for the majority of Compliance Officers who responded to the questionnaire — 64 percent to be exact. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage.

$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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At the upper end, Compliance Officers who move into a VP of Compliance role can end up with a hefty increase in pay. The average income for Compliance VPs is a much higher $103K per year. Chief Compliance Officers or Senior Compliance Officers are common next-step roles for Compliance Officers moving up in their careers; annual pay for Chief Compliance Officers is $40K higher on average, and it's $14K higher for Senior Compliance Officers.

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

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Popular Employer Salaries for Compliance Officer


J.P. Morgan Chase & Co. (JPMCC), Citibank, Wells Fargo & Co., Ameriprise Financial, Inc., and Citigroup, Inc. are all popular places to work. Citibank does shell out the biggest paychecks — the median in that office is $107K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $56K while workers on the upper end may rake in up to $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.

Others at the bottom of the scale for this job include J.P. Morgan Chase & Co. (JPMCC) at $67K, and Wells Fargo & Co. where $72K is the norm, but it is worth noting that some Compliance Officers there earn up to $178K.

Popular Skills for Compliance Officer


Survey takers working as Compliance Officers report using a large range of professional skills. 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. For most people, competency in Compliance indicates knowledge of 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, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $52K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $63K. People with 10 to 20 years of experience make an average of about $72K in this role. Compliance Officers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $75K.

Pay Difference by Location

National Average: $60,384

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

Surpassing the national average by 51 percent, Compliance Officers in New York receive some of the highest pay in the country. Compliance Officers can also look forward to large paychecks in cities like 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. Workers in San Antonio and Atlanta earn salaries that trail the national average for those in this profession (5 percent less and 3 percent less, 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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