Salary, Job Description, How To Become One, and Quiz
Compliance Managers
Compliance Managers plan, direct, or coordinate activities of an organization to ensure compliance with ethical or regulatory standards.
Table of contents
What they do
Compliance Managers plan, direct, or coordinate activities of an organization to ensure compliance with ethical or regulatory standards.
- Report violations of compliance or regulatory standards to duly authorized enforcement agencies as appropriate or required.
- Identify compliance issues that require follow-up or investigation.
- Discuss emerging compliance issues to ensure that management and employees are informed about compliance reporting systems, policies, and practices.
- File appropriate compliance reports with regulatory agencies.
Typical day
On a daily basis, Compliance Managers discuss emerging compliance issues to ensure that management and employees are informed about compliance reporting systems, policies, and practices. They serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities.
A typical day for a Compliance Manager will also include:
- Maintain documentation of compliance activities, such as complaints received or investigation outcomes.
- Identify compliance issues that require follow-up or investigation.
- Review communications such as securities sales advertising to ensure there are no violations of standards or regulations.
- Oversee internal reporting systems, such as corporate compliance hotlines.
- Keep informed regarding pending industry changes, trends, or best practices.
Other responsibilities
Besides their typical day, Compliance Managers also develop or implement environmental compliance plans for programs, such as air quality, stormwater, wastewater treatment, hazardous waste management, pollution prevention, or solid waste management. They may also conduct or direct the internal investigation of compliance issues.
On a weekly to monthly basis, Compliance Managers conduct environmental audits to ensure adherence to environmental standards. They might also consult with corporate attorneys as necessary to address difficult legal compliance issues.
In addition, they design or implement improvements in communication, monitoring, or enforcement of compliance standards.
Although specific duties may vary, many of them review communications such as securities sales advertising to ensure there are no violations of standards or regulations.
To some Compliance Managers, it is also their responsibility to provide employee training on compliance-related topics, policies, or procedures.
What is the job like
Job satisfaction
Is this job meaningful
75% said they were satisfied with their job and 62% said they found their job meaningful.
I’m a Broking and Compliance Manager at Craftcover. We provide specialist cover for the crafting sector. My typical day My day starts by dealing with any emails or queries from customers who have questions about the quotes that they have received or policy wording. This can range from emailing a customer back who might not … Read More
A typical day for me involves a fair amount of review because compliance standards are constantly evolving and expanding. I have to ensure that our systems, employees, and clients are meeting the compliance standards required by our contracts. I also work on the requirements for potential upcoming contracts. Some of my key responsibilities are researching … Read More
Pros
Suitable for people who like to follow routines.
Suitable for people who value achievements and are results-oriented.
This career is perfect for people who love to work indoors.
One of the highest-paid careers in the world.
Cons
Not suitable for people who like to work with designs.
It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career.
Long working hours (More than 40 hours per week).
How much do they make
Average salary
Average hourly wage
Entry-level Compliance Managers with little to no experience can expect to make anywhere between $40,160 to $52,670 per year or $19 to $25 per hour.
Salary by experience | Annual | Hourly |
---|---|---|
Highest (Top 10%) | $115,220 | $55 |
Senior (Top 25%) | $95,330 | $46 |
Median | $71,100 | $34 |
Junior (Bottom 25%) | $52,670 | $25 |
No experience (Bottom 10%) | $40,160 | $19 |
This table shows the top 10 highest paying industries for Compliance Managers based on their average annual salary.
Salary by industry | Annual | Hourly |
---|---|---|
Metal Ore Mining | $111580 | $53.65 |
Engine, Turbine, and Power Transmission Equipment Manufacturing | $98650 | $47.43 |
Securities, Commodity Contracts, and Other Financial Investments and Related Activities | $94200 | $45.29 |
Scientific Research and Development Services | $93380 | $44.90 |
Computer and Peripheral Equipment Manufacturing | $92940 | $44.68 |
Electric Power Generation, Transmission and Distribution | $92870 | $44.65 |
Aerospace Product and Parts Manufacturing | $92410 | $44.43 |
Pipeline Transportation of Crude Oil | $92090 | $44.28 |
Natural Gas Distribution | $91950 | $44.20 |
Navigational, Measuring, Electromedical, and Control Instruments Manufacturing | $90820 | $43.66 |
View more salary by industries here.
Where can they work
Where can Compliance Managers work? Here is a table showing the top 10 largest employers of Compliance Managers including the average salary in that industry.
Employers | Total Employed | Annual Salary | Hourly Wages |
---|---|---|---|
Federal Executive Branch | 61690 | $86730 | $41.70 |
State Government | 37800 | $60900 | $29.28 |
Local Government | 28670 | $62240 | $29.92 |
Management of Companies and Enterprises | 19940 | $82400 | $39.61 |
Credit Intermediation and Related Activities | 10910 | $73950 | $35.55 |
Insurance Carriers | 10810 | $76120 | $36.59 |
Management, Scientific, and Technical Consulting Services | 9440 | $74960 | $36.04 |
Scientific Research and Development Services | 7570 | $93380 | $44.90 |
Agencies, Brokerages, and Other Insurance Related Activities | 7520 | $74630 | $35.88 |
General Medical and Surgical Hospitals | 7310 | $74570 | $35.85 |
What is the work day like
Working hours
Working schedule
How often do you use email in this job?
Telephone
How often do you have telephone conversations in this job?
Group discussions
How often do you have group discussions in this job?
Public speaking
How often does this job require you to do public speaking?
Level of competition
How much competitive pressure is in this job?
What is the work environment like
Office-style environment
Indoors in an environmentally controlled condition
Warehouse-style environment
Indoors in a non-controlled environmental condition such as a warehouse
Outdoors
Outdoors exposed to all weather conditions
Outdoors – Under Cover
Outdoors but under cover (e.g. structure with roof but no walls)
How to become one
Difficulty to become one
Required level of education
What level of education do you need to perform the job?
Relevant majors
Labor and Industrial Relations
Human Resources Management/Personnel Administration
Patient Safety and Healthcare Quality
Regulatory Science/Affairs
Medical Staff Services Technology
Suspension and Debarment Investigation
Environmental Geosciences
Energy and Environmental Policy
Environmental/Natural Resources Law Enforcement and Protective Services
Environmental Science
Environmental Studies
Relevant work experience
How much related work experience do you need to get hired for the job?
On The Job Training
How much on the job training do you need to perform the job?
Should you become one
Best personality type for this career
People with this personality type likes to follow set procedures and routines. They prefer working with data and details more than with ideas.
People with The Builder personality type likes practical and hands-on work. They prefer working with plants, animals, and real-world materials like wood, tools, and machinery.
People with The Thinker personality likes to work with ideas that require an extensive amount of thinking. They prefer work that requires them to solve problems mentally.
People with The Artist personality likes to work with designs and patterns. They prefer activities that require self-expression and prefer work that can be done without following a clear set of rules.
People with The Helper personality type likes to work with people and in teams. They prefer work that allows them to build relationships with others.
People with The Leader personality likes to start and work on projects. They also like leading people and making many decisions.
People with The Organizer personality type likes to follow set procedures and routines. They prefer working with data and details more than with ideas.
You can read more about these career personality types here.
People who are suitable for this job tend to like following set procedures and routines. They like working with data and details more than with ideas.
They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk-taking and often deal with business.
Take this quiz to see if this is the right career for you.
Work Values
Which values are the most important to a person’s satisfaction for this job?
You are someone who is results oriented. You prefer work that allows you to utilize your skills and abilities while at the same time giving you a sense of accomplishment.
You are someone who values job security, steady employment, and good working conditions. You also prefer work that keeps you busy all the time with something different to do every day.
You are someone who values job advancement and leadership roles. You prefer work that receives recognition for the work you do and jobs that are looked up to by others in the company and your community.
You are someone who likes to provide a service to others. You prefer a work environment where you can work with your co-workers in a friendly non-competitive environment.
You are someone who values a company that stands behind their employees. You prefer a work environment where everyone is treated fairly and is being supported by the company.
You are someone who likes to work on your own and make your own decisions. You prefer work that requires little supervision and are allowed to try out your own ideas.
Don’t know which career to pursue?
Take the career quiz to find careers that match your personality type.
Take The Career Quiz