How much does a bank compliance officer make?
Bank Compliance Officer Salary
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $120,000 | $10,000 |
| 75th Percentile | $90,000 | $7,500 |
| Average | $71,409 | $5,950 |
| 25th Percentile | $47,000 | $3,916 |
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.
What is a compliance officer at a bank?
Bank compliance officers ensure that a bank’s policies, procedures, and practices adhere to federal regulations. Their duties include advising financial administrators, accounting managers, and other bank employees about servicing customers within federal guidelines.
How much does a certified compliance officer make?
According to the BLS, compliance officers earn an average annual salary of $72,520, while accountants and auditors earn an average salary of $70,500 per year.
How long does it take to become a compliance officer?
How long does it take to become a compliance officer? To become a compliance officer, you will need to complete a bachelor’s degree in accounting, finance or a related field. This would take you four years to complete. You may also opt for voluntary certification after completing your degree.
What should I study to become a compliance officer?
Rather, a bachelor’s degree in something like accounting, business or legal studies, and often, taken to the Master’s level, is a good place to start if you are wanting to venture into a career in compliance law.
Is being a compliance officer stressful?
Working in compliance is not that stressful You will also not have that much stress as a compliance officer. Sure, sometimes you will have to deal with really annoying colleagues and will have to explain to them how they should implement certain rules and regulations for quite a long time.
Are compliance officers in demand?
As businesses work to meet an array of complex compliance requirements, from anti-money laundering laws to the Sarbanes-Oxley Act, the demand for compliance officers is rising. And chief compliance officers can expect to see a midpoint salary of $175,250 next year.
What qualifications do I need to be a compliance officer?
A compliance officer should be educated to degree level and will ideally have industry-specific qualifications….Compliance officer qualifications, skills and experience
- Strong ethics.
- Good critical thinking skills.
- Attention to detail.
- Collaboration.
- Independence and autonomy.
- Good relationship-building skill.
How much does a compliance person make?
The highest salary for a a Compliance Officer in United Kingdom is £58,712 per year. What is the lowest salary for a a Compliance Officer in United Kingdom? The lowest salary for a a Compliance Officer in United Kingdom is £21,427 per year.
What is the best compliance qualification?
Of course the CFA (Chartered Financial Analyst) tops the popularity stakes along with the CPA (certified public accountant) and MA or MS in finance. However there are other options. The Chartered Institute for Securities and Investment (CISI) offers a diploma in Investment Compliance.
While ZipRecruiter is seeing annual salaries as high as $131,500 and as low as $21,500, the majority of Bank Compliance Officer salaries currently range between $47,000 (25th percentile) to $90,000 (75th percentile) across the United States.
What do you need to know about being a compliance officer?
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