What Do Compliance Manager Do?
Compliance Manager Definition Plan, direct, or coordinate activities of an organization to ensure compliance with ethical or regulatory standards.
Life As a Compliance Manager: What Do They Do?
- Identify compliance issues that require follow-up or investigation.
- Consult with corporate attorneys as necessary to address difficult legal compliance issues.
- Verify that all firm and regulatory policies and procedures have been documented, implemented, and communicated.
- Assess product, compliance, or operational risks and develop risk management strategies.
- Advise technical professionals on the development or use of environmental compliance or reporting tools.
- Keep informed regarding pending industry changes, trends, and best practices and assess the potential impact of these changes on organizational processes.
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.
Related Job Titles for this Occupation:
- IRB Compliance Coordinator
- Ethics Officer
- Regulatory Compliance Director
- Director, Office of Human Subjects Protection
- BSA Officer
Are There Job Opportunities for Compliance Managers?
There were about 992,100 jobs for Compliance Manager in 2016 (in the United States). 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. There will be an estimated 79,200 positions for Compliance Manager per 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.
Average Compliance Managers Salary
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 each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$147,460|
What Tools do Compliance Managers Use?
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 to Become a Compliance Manager
What education is needed to be a Compliance Manager?
What work experience do I need to become a Compliance Manager?
Who Employs Compliance Managers?
The table below shows some of the most common industries where those employed in this career field work.
More about our data sources and methodologies.
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