$66,881
Avg. Salary
$18.55
Avg. Hourly Rate

Average additional compensation:

$4,922

Bonus

$2,484

Profit Sharing

$14,740

Commission

What am I worth?
How should I pay?

The average pay for a Compliance Officer is $18.55 per hour.

The average pay for a Compliance Officer is $66,881 per year.

$13.18
10%
$18.55
50%
$29.67
90%
MEDIAN $18.55
$41k
10%
$67k
50%
$109k
90%
MEDIAN $66,881
$41,449 - $108,831
$41K
$67K
$110K
MEDIAN: $66,881
10%
50%
90%

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$13.18 - $29.67
$13
$19
$30
MEDIAN: $18.55
10%
50%
90%

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$0$112K
Salary $41,449 - $108,831
Bonus $497 - $18,192
Profit Sharing $0.00 - $7,766
Commission $14,740
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).
)
$37,000 - $112,155
  • Country: United States
  • Currency: USD
  • Updated: 27 Nov 2018
  • Individuals Reporting: 3,163
Hourly Data $0$44
Hourly Rate $13.18 - $29.67
Overtime $17.71 - $44.49
Annual Data $0$112K
Bonus $497 - $18,192
Commission $14,740
Profit Sharing $0.00 - $7,766
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).
)
$37,000 - $112,155
  • Country: United States
  • Currency: USD
  • Updated: 27 Nov 2018
  • Individuals Reporting: 552

Job Description for Compliance Officer

A company's compliance officer generally is in charge of supervising and handling issues related to compliance with laws or regulations, including making sure that the company is up to date with its licensing requirements. Often, they must report their findings to the organization's governing body and recommend any needed changes. This job is particularly essential in heavily regulated industries such as health care and financial services.

Read More...

Compliance Officer Tasks

  • 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.

Popular Employer Salaries for Compliance Officer


J.P. Morgan Chase & Co. (JPMCC), Wells Fargo & Co., Citibank, MassMutual Financial Group, and Ameriprise Financial, Inc. are top-notch employers for Compliance Officers in this area. For Compliance Officers, comfortable salaries can be found at Citigroup, Inc.; in fact, median earnings sit around $93K, the highest in the area. Compliance Officers will also find cushy salaries at Deutsche Bank (+$90K), Citibank (+$80K), and J.P. Morgan Chase & Co. (JPMCC) (+$77K).

Others at the bottom of the scale for this job include Wells Fargo & Co. at $66K, Fifth Third Bank (5/3 Bank) at $68K, and The Northwestern Mutual Life Insurance Company, where $68K is the norm.

Common Career Paths for Compliance Officer


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Though some Compliance Officers move into positions like VP of Compliance (where the average salary is $104K), this progression is not the norm. The most common next step for a Compliance Officer is to become a Chief Compliance Officer or a Senior Compliance Officer. The former position pays an additional $41K per year on average, and the latter position pays $13K more per year.

Compliance Officer Job Listings

Popular Skills for Compliance Officer


Compliance Officers seem to wield many skills on the job. Most notably, skills in Legal Compliance, Risk Management / Risk Control, Compliance, and Anti-Money Laundering are correlated to pay that is above average, with boosts between 6 percent and 12 percent. Those listing Safety Compliance as a skill should be prepared for drastically lower pay. Project Management and Trade Compliance also typically command lower compensation. Those familiar with Compliance also tend to know Legal Compliance and Auditing. Those familiar with Regulatory Compliance tend to be well versed in Auditing and Legal Compliance.

Pay by Experience Level for Compliance Officer

Pay by Experience for a Compliance Officer has a positive trend. An entry-level Compliance Officer with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 982 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A 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 $66,000 based on 620 salaries. An experienced Compliance Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $80,000 based on 479 salaries. A 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 $79,000 based on 192 salaries.

Pay Difference by Location

National Average: $64,055

Larger city markers indicate a job is popular in that location.

For Compliance Officers, busy San Francisco offers a higher-than-average pay rate, 59 percent above the national average. Compliance Officers can also look forward to large paychecks in cities like New York (+47 percent), Los Angeles (+26 percent), Seattle (+24 percent), and Chicago (+22 percent). Those in the field find the lowest salaries in Houston, 17 percent below the national average. Employers in Atlanta and Phoenix also lean toward paying below-median salaries (16 percent lower and 10 percent lower, respectively).

Compliance Officer Reviews

Q: What is it like working as a Compliance Officer?

Compliance Officer in Stamford:
"Its a job you cannot take personnally."
Pros: Constantly busy. Very interesting. Continually learning new things.
Cons: Compliance is perceived as the "Bad Guy" by front office.

Compliance Officer in Chicago:
Share what you know with others training other personnel for on what you do.

Compliance Officer in San Antonio:
"Exciting and interesting role."
Pros: Learn more and more everyday. Feels like you make a difference. Prestigious Role.
Cons: Salary + Raise is minimal.

Compliance Officer in Pretoria:
"SHARE KNOWLEDGE, INVESTIGATE AND REPORT ON COUNCIL COMPLAINT."
BE DEDICATED. MAKE SURE YOU KNOW THE RULES OF THE SCHEME AS WELL AS LEGISLATION REGARDING PRESCRIBED MINIMUM BENEFITS. BE ASSERTIVE. QUALITY CHECKING.

Compliance Officer in San Luis Obispo:
"Bank Compliance And The Explosion Of Regulatory Oversight."
Compliance Officers today exist in a world of conflicting regulations, interpretation of rules, rapidly changing rules, risk assessments, audits and examinations. It's like a non-stop ride on a roller coast - exciting, but leaves you breathless and more than a little scared. But if you flourish in an dysfunctional environment, thus is the life for you. Knowledge is only the beginning. You must also develop skills as a politician, and nurse maid, but keep from becoming a compliance bully. The "you will because I told you to" approach is guaranteed to not only make your job as a compliance officer harder, but can also diminish your effectiveness. The best compliance officers are multi-faceted detail oriented politicians. You have to know your stuff and then be able get all levels of management to listen and accept your recommendations. The hardest aspect is to remember that while you can provide, accurate advice, executive management makes the final risk decisions.

Compliance Officer in San Rafael:
"Communication Skills Are Paramount."
As a Compliance Officer you must know regulations; however, application of the regulations defers dependent on the organization. Therefore, one of the strongest skills needed to be an effective Compliance Officer is influential communication. As a Compliance Officer you must be able to influence change, manage difficult situations and promote a culture of compliance or the topic of compliance becomes a dusty manual no one reads and your position is close to irrelevant (until the auditor arrives).

Compliance Officer in Lynchburg:
If learning on the job, demand tools and resources are provided.

Related Job Salaries

Key Stats for Compliance Officer

Gender

Female
64 %
Male
36 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 592 votes.
Less than 1 year
3%
1-4 years
38%
5-9 years
25%
10-19 years
23%
20 years or more
11%

Experience Affects Compliance Officer Salaries

▲24%

▲23%

▲2%

National Average
$64,000

▼15%

Skills That Affect Compliance Officer Salaries






National Average
$64,000


▼7%




Operations Management
▼16%

Security Policies and Procedures
▼17%

Trade Compliance
▼22%

Project Management
▼23%

Safety Compliance
▼43%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 592 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
3%
1-4 years
38%
5-9 years
25%
10-19 years
23%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 74%
vision benefits
Vision: 64%
no benefits
None: 13%