Compliance Officer Salary

For Compliance Officers, annual average wages total $66K per year. Total cash compensation to Compliance Officers bottoms out near $36K and approaches $111K on the high end; the biggest paychecks include approximately $20K from bonuses and almost $12K from profit sharing. The most important factor affecting compensation for this group is location, followed by the company and experience level. The majority of Compliance Officers (65 percent) who took the survey are women. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Compliance Officers like their work and job satisfaction is high. The information for this snapshot was generated by responses to the PayScale salary survey.

$41,087 - $108,088
$41K
$66K
$110K
MEDIAN: $65,858
10%
50%
90%

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$13.17 - $27.73
$13
$18
$28
MEDIAN: $17.86
10%
50%
90%

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$0$110K
Salary $41,087 - $108,088
Bonus $302.83 - $19,740
Profit Sharing $0.00 - $11,745
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).
)
$36,432 - $110,546
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,646
Hourly Data $0$43
Hourly Rate $13.17 - $27.73
Overtime $15.15 - $43.22
Annual Data $0$110K
Bonus $302.83 - $19,740
Profit Sharing $0.00 - $11,745
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).
)
$36,432 - $110,546
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 289

Find Out Exactly What You Should Be Paid

United States (change)

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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

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

Common Career Paths for Compliance Officer


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While Compliance Officers do not often become Compliance VPs, the job pays $104K per year on average. Compliance Officers typically move into roles as Chief Compliance Officers or Senior Compliance Officers, and those positions pay $41K more and $13K more, respectively.

Compliance Officer Job Listings

Popular Employer Salaries for Compliance Officer


Dominating the field, J.P. Morgan Chase & Co. (JPMCC), Wells Fargo & Co., Citibank, MassMutual Financial Group, and Ameriprise Financial, Inc. are top firms with a reputation for hiring a great number of Compliance Officers. Citigroup, Inc. offers the largest salaries in town — $93K on average. Deutsche Bank, Citibank, and J.P. Morgan Chase & Co. (JPMCC) also offer top salaries for Compliance Officers. Workers at these firms can expect to earn about $90K, $80K, and $77K, respectively.

Employees at Wells Fargo & Co., Fifth Third Bank (5/3 Bank), and The Northwestern Mutual Life Insurance Company can also expect below-average earnings of $66K, $68K, and $68K.

Popular Skills for Compliance Officer


Compliance Officers seem to wield many skills on the job. Most notably, skills in Legal Compliance, Risk Management / Risk Control, Compliance, and Anti-Money Laundering are correlated to pay that is above average, with boosts between 6 percent and 12 percent. Those listing Safety Compliance as a skill should be prepared for drastically lower pay. Project Management and Trade Compliance also typically command lower compensation. Most people experienced in Compliance also know Legal Compliance and Auditing. Those who learned Regulatory Compliance also tend to know Auditing and Legal Compliance.

Pay by Experience Level for Compliance Officer

Pay by Experience for a Compliance Officer has a positive trend. An entry-level Compliance Officer with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 982 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Compliance Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $66,000 based on 620 salaries. An experienced Compliance Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $80,000 based on 479 salaries. A Compliance Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $79,000 based on 192 salaries.

Pay Difference by Location

National Average: $62,347

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

For Compliance Officers, San Francisco provides a pay rate that is 59 percent greater than the national average. Compliance Officers will also find cushy salaries in New York (+47 percent), Los Angeles (+26 percent), Seattle (+24 percent), and Chicago (+22 percent). Houston is home to the smallest salaries in the field, lagging the national average by 17 percent. Atlanta and Phoenix are a couple other places where companies are known to pay below the median — salaries are 16 percent lower and 10 percent lower, respectively.

Compliance Officer Reviews

Q: 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 Stamford:
"Its a job you cannot take personnally."
Pros: Constantly busy. Very interesting. Continually learning new things.
Cons: Compliance is perceived as the "Bad Guy" by front office.

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

Related Job Salaries

Key Stats for Compliance Officer

Gender

Female
65 %
Male
35 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 285 votes.
Less than 1 year
3%
1-4 years
38%
5-9 years
25%
10-19 years
22%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Compliance Officer Salaries

▲28%

▲27%

▲5%

National Average
$62,000

▼13%

Skills That Affect Compliance Officer Salaries






National Average
$62,000


▼5%




Operations Management
▼13%

Security Policies and Procedures
▼15%

Trade Compliance
▼19%

Project Management
▼21%

Safety Compliance
▼41%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 285 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
3%
1-4 years
38%
5-9 years
25%
10-19 years
22%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 74%
vision benefits
Vision: 64%
no benefits
None: 13%
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