The average pay for a Chief Compliance Officer is $25.46 per hour.
The average pay for a Chief Compliance Officer is $113,292 per year.
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Job Description for Chief Compliance Officer
Chief compliance officers are responsible for the finances and operations within their company. Whenever a department or division undertakes a new initiative requiring executive budget approval, the chief compliance officer must make a decision on whether to grant that permission. Chief compliance officers are also responsible for ensuring that operations within the company adhere to all applicable rules, regulations, policies, and laws. For example, chief compliance officers must ensure that procedures within their company's manufacturing plants are in line with Occupational Safety and Health Administration (OSHA) safety standards.
Read More...- Assess product, compliance, or operational risks and develop risk management strategies.
- Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.
- Conduct or direct the internal investigation of compliance issues.
- Oversee and monitor activities for compliance with company, state and federal regulations.
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Popular Skills for Chief Compliance Officer
Chief Compliance Officers report using a wide range of professional skills. Most notably, skills in Operations Management, Anti-Money Laundering, Legal Compliance, and Compliance are correlated to pay that is above average, with boosts between 8 percent and 17 percent. Policy Development and HIPAA Compliance, on the other hand, are typically associated with much lower pay. Most people skilled in Regulatory Compliance are similarly competent in Legal Compliance and Compliance (Financial).
Pay by Experience Level for Chief Compliance Officer
Pay by Experience for a Chief Compliance Officer has a positive trend. An entry-level Chief Compliance Officer with less than 5 years of experience can expect to earn an average total compensation of $80,000 based on 137 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Compliance Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $113,000 based on 194 salaries. An experienced Chief Compliance Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $139,000 based on 335 salaries. A Chief Compliance Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $135,000 based on 196 salaries.
Pay Difference by Location
Chief Compliance Officers will find that Houston offers an impressive pay rate, one which exceeds the national average by 68 percent. Chief Compliance Officers can also look forward to large paychecks in cities like Los Angeles (+48 percent), New York (+48 percent), Chicago (+23 percent), and Boston (+21 percent). Dallas ranks last in the field for pay, reporting salaries 14 percent below the national average. Two other places where employers offer below-median salaries are Phoenix (9 percent less) and Cincinnati (8 percent less).
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Key Stats for Chief Compliance Officer
Gender
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Female
59 % |
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Male
41 % |
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Job Satisfaction
| Extremely satisfied |
Rated 5 out of 5 based on 208 votes. |
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