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Vice President, Compliance Officer Salary

Compensation for Compliance VPs in the United States is generous, with average pay surpassing six figures annually ($102K). In the world of Compliance VPs, overall cash allowance can occasionally include more than $42K from bonuses and, in some exceptional cases, $29K from profit sharing, causing incomes to vary widely between $62K and $199K. Location and career duration each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. Women make up a slight majority of Compliance VPs (56 percent) survey respondents. Most workers in this position report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.

$60,459 - $168,228
(Median)
$60K
$100K
$170K
MEDIAN: $101,860
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
Salary
$60,459 - $168,228  
   
Bonus
$1,505 - $41,664  
Profit Sharing
$1,100 - $28,500  
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).
)
$61,660 - $198,946  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 488

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Job Description for Vice President, Compliance Officer

A vice president (compliance officer) is ultimately responsible for a company's corporate compliance program. They are tasked with maintaining an independent body within the company that helps determine if the company is in compliance with laws, regulations, and company bylaws. The vice president of compliance must determine if the company's board of directors and executives are fulfilling their required duties. They also lead efforts to determine if the behavior and decisions of the board and executives fulfill the fiduciary duties owed to the company. If the vice president of compliance and the corporate compliance team determine that a duty was breached by a board member or executive, then the vice president of compliance takes the necessary corrective actions. If the issue can be easily solved, then the vice president of compliance presents a report to the governing body of the company so that corrective action can be taken. If it cannot, then the vice president of compliance works out a legal strategy for the company to minimize loss and risk.

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Vice President, Compliance Officer Tasks

  • Inform all levels of organization about current and future compliance.
  • Keep all policies up to date with current legislation and environment.
  • Oversee organization to ensure laws, regulations, and internal policies are met.
  • Review and verify accuracy of all compliance documentation.

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Popular Skills for Vice President, Compliance Officer


Survey results show that Compliance VPs use a fair number of skills. Most notably, facility with Risk Management / Risk Control, Legal Compliance, and Regulatory Compliance are correlated to pay that is significantly above average, leading to increases of 28 percent, 25 percent, and 7 percent, respectively. Those listing Windows Operating System General Use as a skill should be prepared for drastically lower pay. Microsoft Excel and Financial Applications also typically command lower compensation. Those educated in Microsoft Excel tend to be well versed in Regulatory Compliance.

Pay by Experience Level for Vice President, Compliance Officer

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


Individuals with less than five years' experience take home around $96K. In contrast, though, people who have been on the job for five to 10 years report a six-figure median of $106K. After working for 10 to 20 years, Compliance VPs make a median salary of $128K. Compliance VPs who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $116K.

Pay Difference by Location


Compliance VPs will find that Boston offers an impressive pay rate, one which exceeds the national average by 39 percent. Compliance VPs will also find cushy salaries in Los Angeles (+31 percent), New York (+26 percent), Atlanta (+22 percent), and Miami (+12 percent). Houston is the lowest-paying area, 11 percent south of the national average.

Related Job Salaries

United States (change)

Experience Affects Vice President, Compliance Officer Salaries



National Average
$111,000



Skills That Affect Vice President, Compliance Officer Salaries

Risk Management / Risk Control
up arrow 28%



National Average
$111,000






Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 97 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

1-4 years
8%
5-9 years
26%
10-19 years
41%
20 years or more
25%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 80%
vision benefits Vision: 65% employee benefits None: 11%