What is a compliance specialist?
Compliance specialists—frequently referred to as compliance officers—ensure organizations remain up-to-date on all regulatory and licensing requirements in accordance with company, state, and federal regulations.
What does a compliance analyst do?
Put simply, compliance analysts help companies remain compliant with regulations, thus preparing them for audits. By figuring out which regulations affect “Company X,” compliance teams can then develop a plan to meet the necessary standards.
What is a compliance specialist salary?
An early career Compliance Specialist with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of AU$67,757 based on 24 salaries. A mid-career Compliance Specialist with 5-9 years of experience earns an average total compensation of AU$109,948 based on 14 salaries.
What are the skills required for compliance analyst?
Integrity (59% felt this was particularly important) Integrity is a must for any profession.
What do you need to be a compliance specialist?
Typically, a bachelor’s degree is the bare minimum education a compliance officer must have. There is no specific compliance officer degree. In many cases, people looking to pursue a compliance officer career will earn a bachelor’s degree in criminal justice, finance or business.
How much does a security compliance analyst make?
How much does a Security Compliance Analyst make in the United States? The average Security Compliance Analyst salary in the United States is $94,561 as of September 27, 2021, but the salary range typically falls between $78,645 and $123,777.
What is the average salary for a compliance Manager?
The average Compliance Manager salary in Sydney, AU is A$158,907 as of March 19, 2021, but the range typically falls between A$119,132 and A$206,531.
What are compliance skills?
The ability to assess the alternatives and make a decision based on the risk is critical. Compliance officers must understand the risk tolerance of the credit union as well as litigation environment in their area. Communication skills. Written and verbal communication skills are essential.
What’s the average salary for a compliance analyst?
Compliance analyst: $44,481 for compliance analyst in banking, with a range between $38,796 and $52,961. Glassdoor.com also reports the average salary in this field is $56,700 with a range between $43,000 and $75,000. For Payscale.com, the median salary is $55,600.
What do you need to know to be a Compliance Specialist?
A compliance specialist usually reports to a senior compliance officer or business manager. A bachelor’s degree and some on-the-job training is usually needed for this position. Let’s take a look at the different types of compliance specialists, and then we’ll look at some general career and salary information for the field.
What does it mean to be a compliance officer?
A compliance manager, analyst or officer in corporate compliance is responsible for ensuring the company is in compliance with all federal, state and industry standards. If you want to land a lucrative career in corporate compliance, you would benefit greatly by having these skills:
What are the duties of a Trade Compliance Specialist?
A trade compliance specialist oversees all import and export compliance procedures relative to supply chains. He or she makes certain that product flow meets global trade compliance regulations and that all documentation is correct and in order.