The average salary for a Compliance Officer is $69,049.
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What Do Compliance Officers Do?
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.
Compliance officers can work directly for the company…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.
Job Satisfaction for Compliance Officer
Popular Employer Salaries for Compliance Officer
The top respondents for the job title Compliance Officer are from the companies J.P. Morgan Chase & Co. (JPMCC), Wells Fargo & Co. and Citigroup, Inc.. Reported salaries are highest at Wells Fargo Bank where the average pay is $99,000. Other companies that offer high salaries for this role include Citigroup, Inc. and Morgan Stanley, earning around $98,376 and $93,500, respectively. Edward Jones pays the lowest at around $53,563. The Northwestern Mutual Life Insurance Company and J.P. Morgan Chase & Co. (JPMCC) also pay on the lower end of the scale, paying $71,899 and $77,271, respectively.
Compliance Officer Job Listings
What Are Popular Skills for Compliance Officers?
Skills in Regulatory Compliance, Risk Management / Risk Control, Financial Compliance and Legal Compliance are correlated to pay that is above average. Skills that pay less than market rate include Anti-Money Laundering (AML).
What is the Pay by Experience Level for Compliance Officers?
An entry-level Compliance Officer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $52,915 based on 109 salaries. An early career Compliance Officer with 1-4 years of experience earns an average total compensation of $60,805 based on 1,248 salaries. A mid-career Compliance Officer with 5-9 years of experience earns an average total compensation of $73,675 based on 828 salaries. An experienced Compliance Officer with 10-19 years of experience earns an average total compensation of $79,961 based on 722 salaries. In their late career (20 years and higher), employees earn an average total compensation of $85,945.
Pay Difference by Location
Employees with Compliance Officer in their job title in New York, New York earn an average of 29.6% more than the national average. These job titles also find higher than average salaries in Los Angeles, California (28.9% more) and Seattle, Washington (17.2% more).
Years of Experience
This data is based on 3,248 survey responses.