Compliance Officer Salary

Median pay for Compliance Officers in the United States is around $66K annually. With some bonuses approaching $19K and certain profit sharing proceeds approaching $10K, overall incomes of Compliance Officers spread between $37K and $110K depending on individual performance. The most influential factor affecting pay for this group is residence, though the specific employer and experience level have a (lesser) impact as well. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Job satisfaction is reported as high by the vast majority of workers. Women account for the majority of Compliance Officers who responded to the questionnaire — 65 percent to be exact.

$41,542 - $110,688
$42K
$66K
$110K
MEDIAN: $65,927
10%
50%
90%

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$13.19 - $28.74
$13
$18
$29
MEDIAN: $18.33
10%
50%
90%

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$0$112K
Salary $41,542 - $110,688
Bonus $484 - $19,482
Profit Sharing $0.00 - $7,169
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).
)
$36,969 - $112,606
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 1,716
Hourly Data $0$41
Hourly Rate $13.19 - $28.74
Overtime $17.53 - $41.31
Annual Data $0$112K
Bonus $484 - $19,482
Profit Sharing $0.00 - $7,169
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).
)
$36,969 - $112,606
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 308

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.

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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.

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 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.

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: $63,063

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 Oklahoma City:
"Compliance Officer/ wires."
Pros: I like that I am able to still work 40 hours a week and continue my education. I like the multitasking and responsibility given to me to make transactions go through.
Cons: Certain people are treated as higher up because of their level of education compared to others. Some of the different management within the organization is too lenient where it affects work getting done. There is also a lot of stress put onto you in my position. I may have 5 minutes to check an AML and check off people involved in the transaction with my signature all over the sheet. If something happens to go wrong (people involved in transaction are active criminals with money laundering/drug dealing) getting away with a transaction, my name is involved in the checking process which could get me into trouble.

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 Rockford:
"Flexible Work."
Pros: Opportunity to learn and share what I have learned.
Cons: Lack of guidance.

Related Job Salaries

Key Stats for Compliance Officer

Gender

Female
66 %
Male
34 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 317 votes.
Less than 1 year
3%
1-4 years
38%
5-9 years
24%
10-19 years
23%
20 years or more
12%

Experience Affects Compliance Officer Salaries

▲26%

▲25%

▲4%

National Average
$63,000

▼14%

Skills That Affect Compliance Officer Salaries






National Average
$63,000


▼6%




Operations Management
▼14%

Security Policies and Procedures
▼16%

Trade Compliance
▼20%

Project Management
▼22%

Safety Compliance
▼42%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 317 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
3%
1-4 years
38%
5-9 years
24%
10-19 years
23%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 73%
vision benefits
Vision: 63%
no benefits
None: 14%