Sr. Compliance Officer Salary

Senior Compliance Officers in the United States can expect to earn an average of $80K annually. In the world of Senior Compliance Officers, total cash compensation can vary between $51K and $135K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $20K and $15K, respectively. This group's pay is mainly influenced by location, followed by career duration and the individual firm. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Most Senior Compliance Officers like their work and job satisfaction is high. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. This snapshot results from replies to PayScale's salary survey.

$51,868 - $122,596

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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
$51,868 - $122,596  
   
Bonus
$97.87 - $20,479  
Profit Sharing
$487.22 - $14,799  
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).
)
$50,855 - $134,805  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 356
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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.

Sr. Compliance Officer Job Listings

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Popular Employer Salaries for Sr. Compliance Officer


J.P. Morgan Chase & Co. (JPMCC) offers the lowest pay in the field with a median salary of just $77K. There's also little variation in pay at the company, with pay ranging from $59K to $99K.


Senior Compliance Officers typically list a handful of skills they use on the job. Regulatory Compliance and Compliance are considered valuable skills and can increase employee pay. At the other end of the pay range are skills like Compliance.

Pay by Experience Level for Sr. Compliance Officer

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


Senior Compliance Officers do not generally earn higher incomes from more experience in the field. Salaries of relatively inexperienced workers fall in the neighborhood of $71K, but folks who have racked up five to 10 years see a notably higher median of $87K. After working for 10 to 20 years, Senior Compliance Officers make a median salary of $93K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $100K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location


Chicago is home to an above-average pay rate for Senior Compliance Officers, 18 percent higher than the national average. Senior Compliance Officers will also find cushy salaries in New York (+10 percent). Senior Compliance Officers in San Antonio earn salaries far below the national average by 30 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Not at the bottom but still paying below the median are employers in Columbus and Charlotte (21 percent lower and 14 percent lower, respectively).

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.

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Experience Affects Sr. Compliance Officer Salaries

Late-Career
up arrow 18%


Mid-Career
up arrow 3%

National Average
$85,000

Entry-Level
up arrow 16%

Skills That Affect Sr. Compliance Officer Salaries

Regulatory Compliance
up arrow 4%

National Average
$85,000

Compliance (Financial)
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
30%
10-19 years
34%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 81%
vision benefits Vision: 67% employee benefits None: 7%
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