Sr. Compliance Officer Salary (Canada)
The average pay for a Sr. Compliance Officer is C$72,651 per year. Most people move on to other jobs if they have more than 20 years' experience in this field.
|Salary||C$58,447 - C$93,412|
|Bonus||C$789 - C$9,700|
|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).)
|C$58,843 - C$98,242|
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.Read More...
A senior compliance officer must manage and maintain operations of the compliance team and provide additional support as needed. They must also be able to assign product filing tasks and be able to effectively manage deadlines for state reports. Communication skills are also necessary, as they partner with the product development team and help write policy language. A senior compliance officer manages legislative tracking funding in the compliance department, and they must be able to answer compliance questions from other departments.
Senior compliance officer positions typically require at least a bachelor’s degree in a related field, as well as substantial experience in the life insurance or health insurance industry. Several years of managerial experience in one of these industries are also needed, as is basic computer proficiency. Senior compliance officer also must have excellent organizational, multitasking, and technical writing skills. (Copyright 2018 PayScale.com)
Sr. Compliance Officer Tasks
- 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.
- 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.
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