Compliance Officer Salary

For Compliance Officers, yearly average wages total $65K annually. Cash earnings for Compliance Officers — which occasionally include more than $17K from bonuses and more than $10K from profit sharing — stretch from around $36K to approximately $108K. Compensation for this group is mainly affected by residence, but the specific employer and years of experience are influential factors as well. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The majority of Compliance Officers (64 percent) who took the survey are women. Most workers in this position report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.

$40,306 - $105,939
$40K
$65K
$110K
MEDIAN: $65,328
10%
50%
90%

Add this chart to your site: 640px    300px

$13.20 - $28.44
$13
$18
$28
MEDIAN: $18.10
10%
50%
90%

Add this chart to your site: 640px    300px

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
$40,306 - $105,939  
   
Bonus
$200.53 - $16,692  
Profit Sharing
$0.00 - $9,759  
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).
)
$36,058 - $108,029  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 1,638
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
$13.20 - $28.44  
   
Overtime
$14.45 - $43.30  
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
$200.53 - $16,692  
   
Profit Sharing
$0.00 - $9,759  
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).
)
$36,058 - $108,029  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 272

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Compliance Officers who advance into the role of a VP of Compliance are fairly uncommon. Compliance VPs on average earn $104K per year. Compliance Officers most often move into positions as Chief Compliance Officers or Senior Compliance Officers; those groups report median salaries that are $40K higher and $13K higher, respectively.

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

Search for more jobs:

Popular Employer Salaries for Compliance Officer


J.P. Morgan Chase & Co. (JPMCC), Wells Fargo & Co., Citibank, Ameriprise Financial, Inc., and Citigroup, Inc. are all popular places to work. Citigroup, Inc. offers the highest compensation with a median salary of $93K. Compliance Officers can also look forward to large paychecks at Deutsche Bank ($90K), Citibank ($80K), and J.P. Morgan Chase & Co. (JPMCC) ($76K).

A few other companies with smaller-than-average paychecks include Wells Fargo & Co. ($66K), Fifth Third Bank (5/3 Bank) ($68K), and Wells Fargo Bank ($73K).

Popular Skills for Compliance Officer


Compliance Officers seem to require a rather large skill set. Most notably, skills in Legal Compliance, Risk Management / Risk Control, Anti-Money Laundering, and Compliance are correlated to pay that is above average, with boosts between 6 percent and 13 percent. Those listing Safety Compliance as a skill should be prepared for drastically lower pay. Training and Project Management also typically command lower compensation. Skill sets containing Regulatory Compliance also tend to include Auditing and Legal Compliance. 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.


Salaries for inexperienced workers average out to $65K, and those with five to 10 years' experience earn a higher median of $55K. The average pay reported by folks with 10 to 20 years of experience is around $78K. Compliance Officers with more than 20 years of experience report incomes that are no higher than those with 10 to 20 years on the job.

Pay Difference by Location

National Average: $62,284

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

For Compliance Officers, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Compliance Officers can also look forward to large paychecks in cities like New York (+47 percent), Los Angeles (+28 percent), Chicago (+22 percent), and Seattle (+16 percent). In Atlanta, salaries are 9 percent below the national average and represent the lowest-paying market. Two other places where employers offer below-median salaries are Phoenix (7 percent less) and Houston (6 percent less).

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 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
64 %
Male
36 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 244 votes.
Less than 1 year
4%
1-4 years
39%
5-9 years
25%
10-19 years
22%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Compliance Officer Salaries

▲25%

▲25%

▲4%

National Average
$62,000

▼12%

Skills That Affect Compliance Officer Salaries






National Average
$62,000


Internal Audit
▼2%

▼4%



Operations Management
▼13%

Trade Compliance
▼19%

Project Management
▼21%

Training
▼27%

Safety Compliance
▼41%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 244 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
4%
1-4 years
39%
5-9 years
25%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 73%
vision benefits
Vision: 62%
dental benefits
None: 13%
ADVERTISEMENT