What Does it Take to Be a Compliance Manager?
Example of Compliance Manager Job Plan, direct, or coordinate activities of an organization to ensure compliance with ethical or regulatory standards.
Compliance Manager Responsibilities
- Conduct or direct the internal investigation of compliance issues.
- Verify that software technology is in place to adequately provide oversight and monitoring in all required areas.
- Identify compliance issues that require follow-up or investigation.
- Provide assistance to internal or external auditors in compliance reviews.
- Assess product, compliance, or operational risks and develop risk management strategies.
- File appropriate compliance reports with regulatory agencies.
Compliance Manager Skills
Compliance Managers state the following job skills are important in their day-to-day work.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Speaking: Talking to others to convey information effectively.
Active Learning: Understanding the implications of new information for both current and future problem-solving and decision-making.
Types of Compliance Manager Jobs
- Legal Compliance Officer
- Credit Compliance Officer
- Corporate Ethics Officer
- BSA Officer
- Compliance Director
Is There Job Demand for Compliance Managers?
In 2016, there was an estimated number of 992,100 jobs in the United States for Compliance Manager. New jobs are being produced at a rate of 8% which is above the national average. The Bureau of Labor Statistics predicts 79,600 new jobs for Compliance Manager by 2026. Due to new job openings and attrition, there will be an average of 79,200 job openings in this field each year.
The states with the most job growth for Compliance Manager are Utah, Washington, and Nevada. Watch out if you plan on working in Vermont, Maine, or Maryland. These states have the worst job growth for this type of profession.
Do Compliance Managers Make A Lot Of Money?
The salary for Compliance Managers ranges between about $52,550 and $183,430 a year.
Compliance Managers who work in District of Columbia, Virginia, or California, make the highest salaries.
How much do Compliance Managers make in different U.S. states?
|State||Annual Mean Salary|
|District of Columbia||$147,460|
Tools & Technologies Used by Compliance Managers
Although they’re not necessarily needed for all jobs, the following technologies are used by many Compliance Managers:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- Email software
- Word processing software
- Microsoft Windows
- Microsoft Project
- Spreadsheet software
- Adobe Systems Adobe Acrobat
- Microsoft Visio
- Microsoft SharePoint
- IBM Notes
- Scheduling software
- Microsoft Internet Explorer
- StataCorp Stata
How do I Become a Compliance Manager?
What education is needed to be a Compliance Manager?
How many years of work experience do I need?
Compliance Managers Sector
Below are examples of industries where Compliance Managers work:
More about our data sources and methodologies.
|Request Info||Southern New Hampshire University You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs. Learn More >|