Sr. Compliance Officer Salary

The average Senior Compliance Officer in the United States can expect to rake in roughly $82K annually. Final cash compensation to Senior Compliance Officers varies from around $55K to approximately $138K; choice pay grades include potential for bonuses and profit sharing as high as $23K and $15K, respectively. This group's pay is mainly influenced by geographic location, followed by tenure and the individual firm. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 51 percent. Medical benefits are awarded to nearly all, and most earn dental coverage. Most Senior Compliance Officers report high levels of job satisfaction. This report is based on responses to the PayScale salary survey.

$53,496 - $123,434
(Median)
$53K
$82K
$120K
MEDIAN: $81,664
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
$53,496 - $123,434  
   
Bonus
$583 - $22,986  
Profit Sharing
$0.00 - $14,880  
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).
)
$54,859 - $137,842  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 365
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Job Description for Sr. Compliance Officer

A senior compliance officer is primarily responsible for the design and integration of their business’ merchandising, sourcing, and marketing framework. Knowledge of compliance and safety requirements is needed, as is the ability to develop strategies to respond to compliance risks. Another important responsibility of a senior compliance officer is to ensure the company is meeting all regulatory requirements for products and business reporting. They also assist others in working with department managers in developing and/or implementing plans of action to guarantee compliance.

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Sr. Compliance Officer Tasks

  • Oversee and monitor the implementation of the compliance program.
  • Respond to compliance offenses, develop corrective action, and establish time frames for company to implement changes.
  • Inspect business to ensure standards, regulations and laws are followed by employees and management and provide issue reports to management.
  • May establish a compliance committee.

Common Career Paths for Sr. Compliance Officer


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Although some Senior Compliance Officers become VP of Compliance, this progression is not the norm. However, the latter position does pay a little more at $103K. Going from Senior Compliance Officer to Chief Compliance Officer is the transition that occurs most often in this field, where the paychecks are $101K. Many others choose to work as Compliance Managers, where pay is typically $74K.

Sr. Compliance Officer Job Listings

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Popular Employer Salaries for Sr. Compliance Officer


J.P. Morgan Chase & Co. (JPMCC) offers the least pay with a median salary of $75K; furthermore, salaries there max out at only $97K.


Senior Compliance Officers only report a few specific skills. Regulatory Compliance and Compliance are considered valuable skills and can increase employee pay. Skills that are correlated to lower pay, on the other hand, include Compliance.

Pay by Experience Level for Sr. Compliance Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience does not seem to be a strong driver of pay increase in this role. The average worker who claims fewer than five years of experience earns around $74K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $90K. People with 10 to 20 years of experience make an average of about $94K in this role. Senior Compliance Officers who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $98K.

Pay Difference by Location

National Average: $87,278

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

Home to some of the best pay for Senior Compliance Officers, San Francisco offers exceptional salaries, 12 percent above the national average. Senior Compliance Officers will also find cushy salaries in Chicago (+10 percent) and New York (+7 percent). Place of residence plays a huge part in a Senior Compliance Officer's salary, with San Antonio Senior Compliance Officers earning salaries that are 33 percent less than the national average. Two other places where employers offer below-median salaries are Columbus (23 percent less) and Charlotte (16 percent less).

Sr. Compliance Officer Advice

What do you wish you knew about your job when you first started out?

Sr. Compliance Officer in Birmingham:
"Career Opportunities."
Look at large financial center cities. There are plenty of opportunities for new graduates. Stick with it.

Related Job Salaries

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Experience Affects Sr. Compliance Officer Salaries

Late-Career
up arrow 12%


Mid-Career
up arrow 3%

National Average
$87,000

Entry-Level
up arrow 15%

Skills That Affect Sr. Compliance Officer Salaries

Regulatory Compliance
up arrow 1%

National Average
$87,000

Compliance (Financial)
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 52 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
30%
10-19 years
34%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 80%
medical benefits
Vision: 69%
dental benefits
None: 7%
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