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What does a compliance specialist do?

What does a compliance specialist do?

Compliance specialists—frequently referred to as compliance officers—ensure organizations remain up-to-date on all regulatory and licensing requirements in accordance with company, state, and federal regulations. “Compliance departments now act as strategic, enterprise-level risk managers.

Do compliance officers make good money?

How Much Does a Compliance Officer Make? Compliance Officers made a median salary of $69,050 in 2019. The best-paid 25 percent made $91,260 that year, while the lowest-paid 25 percent made $51,050.

How much do regulatory compliance specialists make?

While ZipRecruiter is seeing annual salaries as high as $104,500 and as low as $38,500, the majority of Regulatory Compliance Specialist salaries currently range between $48,000 (25th percentile) to $70,000 (75th percentile) with top earners (90th percentile) making $91,500 annually across the United States.

How much does a trade compliance specialist make?

Trade Compliance Specialist Salary

Annual Salary Monthly Pay
Top Earners $80,000 $6,666
75th Percentile $73,000 $6,083
Average $63,449 $5,287
25th Percentile $53,500 $4,458

What do you need to be a compliance specialist?

Typically, a bachelor’s degree is the bare minimum education a compliance officer must have. There is no specific compliance officer degree. In many cases, people looking to pursue a compliance officer career will earn a bachelor’s degree in criminal justice, finance or business.

Do compliance officers use math?

Most compliance specialists list “procedures,” “regulatory agencies,” and “ensure compliance” as skills on their resumes. A thorough review of lots of resumes revealed to us that “math skills” is important to completing compliance specialist responsibilities.

Is being a compliance officer hard?

Good since you will have free weekends and also don’t work many extra hours as a compliance officer. Working as a compliance officer can be mentally demanding. Decent since good compliance officers will always be needed. You need a college degree for becoming a compliance officer.

Are compliance jobs stressful?

“There’s this generally accepted notion that the job of a compliance officer is inherently stressful because their key job function — preventing, identifying and mitigating regulatory risk — may put them at odds with leadership or company culture,” said CCI Publisher Sarah Hadden.

What is the average salary for a regulatory compliance analyst?

The average salary for the role of Regulatory Compliance Analyst is in United States is $63,000. This salary is based on 103 salaries submitted by LinkedIn members who have the title “Regulatory Compliance Analyst” in United States.

How much do compliance managers make?

Compliance Manager Salary

Percentile Salary Location
25th Percentile Compliance Manager Salary $93,756 US
50th Percentile Compliance Manager Salary $110,135 US
75th Percentile Compliance Manager Salary $131,159 US
90th Percentile Compliance Manager Salary $150,300 US

How do I become a trade compliance specialist?

Qualifications to become a customs compliance specialist include a bachelor’s degree in a relevant field and experience in customs compliance and international trade (typically at least five years). Many employers prefer you to have a United States Customs Broker License.

How much does a Trade compliance Analyst Make?

Salary Ranges for Trade Compliance Analysts The salaries of Trade Compliance Analysts in the US range from $59,667 to $85,000 , with a median salary of $66,664 . The middle 50% of Trade Compliance Analysts makes $66,664, with the top 75% making $85,000.