International Trade Compliance Manager Salary
The majority of International Trade Compliance Managers in the United States — about three-fifths — boast more than 10 years of experience in their profession. Salaries stretch from $55K to $134K per year, and the median is $85K annually. With some bonuses and profit sharing proceeds approaching $18K each, total incomes of International Trade Compliance Managers generally range from $55K to $134K depending on individual performance. Career length is the biggest factor affecting pay for this group, followed by geography. Women International Trade Compliance Managers who took the survey just slightly outnumber men. Job satisfaction for International Trade Compliance Managers is high. Nearly all claim medical and dental insurance and most get vision coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Job Description for International Trade Compliance Manager
International trade compliance managers are responsible for managing all compliance aspects of international trade on behalf of their organization. They are in charge of leading a team of trade professionals to fulfill all company and government requirements for their trade projects. In addition, these individuals create effective export and import initiatives to increase productivity and reduce trade-related issues. The international trade compliance manager's main functions also include verifying trade documents, authorizing business decisions, reviewing marketing and execution documentation, and managing the development and submission of transaction licenses, agreements, and other regulatory appeals.Read More...
International trade compliance managers lead a team to solve all compliance situations in a timely manner, as well as help resolve complex trade licensing problems. They must supervise project progress and team members' work, in addition to providing expert advice related to trade opportunities. International trade compliance managers also establish guidelines for assessments and trade audits, review compliance performance, and write detailed reports about possible changes to their company's international trade structure and processes. They also conduct briefings and training for mitigating risk and modify existing practices regarding compliance and regulatory problems as needed.
At least a bachelor's degree in a relevant field is required for this job, as well as relevant experience. Leadership and industry certifications may be beneficial. International trade compliance managers must possess strong communication skills and analytical abilities, as well as excellent leadership skills.
International Trade Compliance Manager Tasks
- Create and update customs and regulatory policy, documentation and processes.
- Support and train staff on regulations, policies and best practices.
- Review and update customs documentation, including declarations and coding.
- Cultivate relations with government and customs entities to encourage communication.
- Lead, evaluate and make recommendations based on audits and identified risks.
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Popular Skills for International Trade Compliance Manager
Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Regulatory Compliance, Trade Compliance, Export Compliance, and Import Compliance are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Logistics, Import Compliance, and Export Compliance. Most people who know Regulatory Compliance also know Export Compliance.
Pay by Experience Level for International Trade Compliance Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For International Trade Compliance Managers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. The average beginner in this position makes around $69K, but folks who have been around for five to 10 years see a markedly higher median salary of $82K. International Trade Compliance Managers bring in $95K after working for 10 to 20 years. More than 20 years of experience mean a somewhat bigger median paycheck of $102K, but it's not much more than what less experienced people make.