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Compliance Managers

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What is a Compliance Manager?

Job Description & Duties Plan, direct, or coordinate activities of an organization to ensure compliance with ethical or regulatory standards.

A Day in the Life of a Compliance Manager

  • File appropriate compliance reports with regulatory agencies.
  • Serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities.
  • Advise technical professionals on the development or use of environmental compliance or reporting tools.
  • Collaborate with human resources departments to ensure the implementation of consistent disciplinary action strategies in cases of compliance standard violations.
  • Direct the development or implementation of compliance-related policies and procedures throughout an organization.
  • Monitor compliance systems to ensure their effectiveness.

What a Compliance Manager Should Know

Below is a list of the skills most Compliance Managers say are important on the job.

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.

Types of Compliance Manager Jobs

  • Financial Compliance Officer
  • Privacy Compliance Manager
  • Research Compliance and HIPPA Privacy Officer and Director of the Research Compliance Program
  • Corporate Ethics Officer
  • Compliance Engineer-Products

Are There Job Opportunities for Compliance Managers?

In 2016, there was an estimated number of 992,100 jobs in the United States for Managers.

New jobs are being produced at a rate of 8% which is lower than average. The Bureau of Labor Statistics predicts 79,500 new jobs for Compliance Managers by 2026. The BLS estimates 79,200 yearly job openings in this field per year.

Forecasted Number of Jobs for Compliance Managers in U.S.

The states with the most job growth for Managers are California, Florida, and Washington.

Watch out if you plan on working in Vermont, Maine, or South Dakota. These states have the worst job growth for this type of profession.

How Much Does a Compliance Manager Make?

The average yearly salary of a Compliance Manager ranges between $52,550 and $183,430. The median salary is $107,480.

Salary Ranges for Compliance Managers

How much do Managers make in different U.S. states?

Annual Mean Salary by State
State Annual Mean Salary

District of Columbia

$147,460

California

$143,350

New Jersey

$138,820

Colorado

$138,490

Virginia

$134,500

Delaware

$134,410

Massachusetts

$131,450

Connecticut

$129,730

Minnesota

$128,590

Pennsylvania

$126,290

Washington

$125,490

New York

$124,160

New Hampshire

$123,580

Texas

$122,130

Maryland

$122,050

North Carolina

$121,500

Alaska

$118,650

Georgia

$118,060

Rhode Island

$114,660

North Dakota

$109,820

Ohio

$107,320

Alabama

$106,680

Vermont

$105,950

Oklahoma

$102,710

Kansas

$102,560

Utah

$102,290

Nevada

$102,060

Arizona

$101,630

Nebraska

$101,380

Iowa

$101,360

South Carolina

$100,890

Wyoming

$100,310

Florida

$99,240

South Dakota

$99,030

Michigan

$98,780

Missouri

$97,820

Maine

$96,570

New Mexico

$96,490

Oregon

$94,400

Hawaii

$93,760

Kentucky

$92,630

Illinois

$90,080

Louisiana

$87,080

Arkansas

$86,410

Idaho

$85,070

Wisconsin

$85,050

Tennessee

$83,010

Mississippi

$82,230

West Virginia

$77,290

Montana

$76,990

Indiana

$71,560

What Tools & Technology do Compliance Managers Use?

Although they’re not necessarily needed for all jobs, the following technologies are used by many Compliance Managers:

  • Adobe Systems Adobe Acrobat
  • IBM Notes
  • Microsoft Outlook
  • Microsoft Excel
  • Microsoft SharePoint
  • Microsoft Access
  • Microsoft Windows
  • Tax software
  • Microsoft Word
  • Microsoft Office

How do I Become a Compliance Manager?

What education is needed to be a Compliance Manager?

Compliance Manager Degree Level

What work experience do I need to become a Compliance Manager?

Compliance Manager Work Experience

Where Compliance Managers Work

Compliance Manager Sectors

References

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons

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