Senior Compliance Analyst Salary
Job Description for Senior Compliance Analyst
A senior compliance analyst may sometimes be referred to as a senior compliance officer. This person is responsible for ensuring that all activities of their company adhere to established company and legal guidelines. While their exact responsibilities vary depending on the industry, the senior compliance analyst is typically responsible for ensuring that all procedures and policies are implemented and documented, conducting internal reviews, identifying issues with compliance, develop strategies to avoid non-compliance, and filing reports with regulatory committees.Read More...
Additionally, a senior compliance analyst supervises other compliance officers and oversees each team member's performance; they communicate all updates, and changes in laws to each individual compliance officer as well.
A senior compliance analyst typically has attained a bachelor’s degree in a business-related field or in the industry they work in. It is generally expected that this person has at least three to five years of experience within their given field. This person should possess outstanding communication skills, proficiency with basic computer programs, and strong decision-making and problem-solving skills to successfully fulfill their job duties. This person works with a variety of individuals, and they should be highly adaptable to all situations and have clear and extensive knowledge of their field.
These analysts are employed in a variety of industries and typically work in an office setting during regular business hours; however, some positions may offer or require different working hours.
Senior Compliance Analyst Tasks
- Keep current on industry rules and regulations.
- Act as liaison with organization and its industry governing bodies.
- Represent interests of organization in regulatory affairs.
- Ensure that all activities of the organization comply with the rules and regulations governing the industry in which they operate.
- Collect data and monitor organization activities in compliance with regulatory requirements.
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Popular Skills for Senior Compliance Analyst
Senior Compliance Analysts report using a large range of skills on the job. Most notably, skills in Sarbanes-Oxley, Risk Management / Risk Control, Project Management, and Sarbanes-Oxley Compliance Audit are correlated to pay that is above average, with boosts between 11 percent and 18 percent. Skills that are correlated to lower pay, on the other hand, include Auditing, Legal Research, and Anti-Money Laundering. Most people experienced in Compliance also know Legal Compliance.
Pay by Experience Level for Senior Compliance Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
More years of relevant experience do not necessarily translate to higher paychecks. Individuals who have worked for fewer than five years bring in approximately $68K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $72K. Senior Compliance Analysts see a median salary of $77K after reaching one to two decades on the job. As Senior Compliance Analysts reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $89K.
Pay Difference by Location
San Francisco offers some of the highest pay in the country for Senior Compliance Analysts, 25 percent above the national average. Senior Compliance Analysts will also find cushy salaries in New York (+22 percent), Los Angeles (+18 percent), Washington (+11 percent), and Boston (+9 percent). Senior Compliance Analysts' salaries are heavily influenced by location — Senior Compliance Analysts in Pittsburgh bring in salaries that are 31 percent lower than the national average. Two other places where employers offer below-median salaries are Indianapolis (17 percent less) and Columbus (9 percent less).
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