Sr. Compliance Officer Salary

The average Senior Compliance Officer in the United States earns approximately $82K annually. Total cash compensation for Senior Compliance Officers runs from $55K to $138K depending on bonuses that can occasionally exceed $23K and profit sharing that can reach almost $15K. Earnings for this group are mostly affected by location, followed by experience level and the specific company. 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. Job satisfaction is high and work is enjoyable for most Senior Compliance Officers. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$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. With an annual salary of $101K, Chief Compliance Officer is the most common role for Senior Compliance Officers to subsequently assume on their way up the ladder. Transitioning into a Compliance Manager role — which usually pays $74K — is also typical for Senior Compliance Officers, though less common by comparison.

Sr. Compliance Officer Job Listings

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Popular Employer Salaries for Sr. Compliance Officer


Pay for Senior Compliance Officers is the lowest at J.P. Morgan Chase & Co. (JPMCC), which has a median salary of $75K. In addition, there's little room to grow there, with salaries maxing out at $97K.


Survey takers who work as Senior Compliance Officers typically report just a few professional 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.


Senior Compliance Officers with a lot of experience do not necessarily enjoy more money. Although individuals who have less than five years' experience earn $74K on average, people with five to 10 years benefit from a notably larger average of $90K. Senior Compliance Officers see a median salary of $94K after reaching one to two decades on the job. In the end, more experience does seem to mean larger paychecks; seasoned Senior Compliance Officers with more than 20 years of experience earn a predictably higher median salary of $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). Location is a huge contributor to overall pay, with Senior Compliance Officers in San Antonio earning a whopping 33 percent below the national average. Workers in Columbus and Charlotte earn salaries that trail the national average for those in this profession (23 percent less and 16 percent less, 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.

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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