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Compliance Manager

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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.

List of Compliance Manager Job Duties

  • Conduct environmental audits to ensure adherence to environmental standards.
  • Collaborate with human resources departments to ensure the implementation of consistent disciplinary action strategies in cases of compliance standard violations.
  • 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.
  • Discuss emerging compliance issues with management or employees.
  • Provide assistance to internal or external auditors in compliance reviews.

Things a Compliance Manager Should Know How to Do

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.

Active Learning: Understanding the implications of new information for both current and future problem-solving and decision-making.

  • Compliance Coordinator
  • Risk Manager
  • Compliance Specialist
  • CCO (Chief Compliance Officer)
  • Research Quality Assurance Analyst

Compliance Manager Employment Estimates

In the United States, there were 992,100 jobs for Compliance Manager in 2016. 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.

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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.

Salary for a Compliance Manager

The typical yearly salary for Compliance Managers is somewhere between $52,550 and $183,430.

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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
Alabama $106,680
Alaska $118,650
Arizona $101,630
Arkansas $86,410
California $143,350
Colorado $138,490
Connecticut $129,730
Delaware $134,410
District of Columbia $147,460
Florida $99,240
Georgia $118,060
Hawaii $93,760
Idaho $85,070
Illinois $90,080
Indiana $71,560
Iowa $101,360
Kansas $102,560
Kentucky $92,630
Louisiana $87,080
Maine $96,570
Maryland $122,050
Massachusetts $131,450
Michigan $98,780
Minnesota $128,590
Mississippi $82,230
Missouri $97,820
Montana $76,990
Nebraska $101,380
Nevada $102,060
New Hampshire $123,580
New Jersey $138,820
New Mexico $96,490
New York $124,160
North Carolina $121,500
North Dakota $109,820
Ohio $107,320
Oklahoma $102,710
Oregon $94,400
Pennsylvania $126,290
Rhode Island $114,660
South Carolina $100,890
South Dakota $99,030
Tennessee $83,010
Texas $122,130
Utah $102,290
Vermont $105,950
Virginia $134,500
Washington $125,490
West Virginia $77,290
Wisconsin $85,050
Wyoming $100,310

What Tools do Compliance Managers Use?

Below is a list of the types of tools and technologies that Compliance Managers may use on a daily basis:

  • 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 SharePoint
  • Microsoft Visio
  • IBM Notes
  • Scheduling software
  • Microsoft Internet Explorer
  • LexisNexis
  • StataCorp Stata

Becoming a Compliance Manager

Education needed to be a Compliance Manager:

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How many years of work experience do I need?

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Where Compliance Managers Work

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The table below shows the approximate number of Compliance Managers employed by various industries.

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References:

Image Credit: Mike Moore via public domain

More about our data sources and methodologies.

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