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Compliance Manager

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What You Need to Know About Compliance Manager

Compliance Manager Example 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

  • Review or modify policies or operating guidelines to comply with changes to environmental standards or regulations.
  • Advise internal management or business partners on the implementation or operation of compliance programs.
  • Evaluate testing procedures to meet the specifications of environmental monitoring programs.
  • Consult with corporate attorneys as necessary to address difficult legal compliance issues.
  • Maintain documentation of compliance activities, such as complaints received or investigation outcomes.
  • Verify that software technology is in place to adequately provide oversight and monitoring in all required areas.

What Skills Do You Need to Work as a Compliance Manager?

These are the skills Compliance Managers say are the most useful in their careers:

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.

Types of Compliance Manager Jobs

  • Compliance Director
  • Regulatory Compliance Specialist
  • Corporate Compliance Director
  • Research Compliance and HIPPA Privacy Officer and Director of the Research Compliance Program
  • Credit Compliance Officer

Job Outlook 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.

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

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.

Salary Ranges for Compliance Managers

Compliance Managers who work in District of Columbia, Virginia, or California, make the highest salaries.

Below is a list of the median annual salaries for Compliance Managers in different U.S. states.

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 & Technology 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
  • LexisNexis
  • StataCorp Stata

How to Become a Compliance Manager

What kind of Compliance Manager requirements are there?

Compliance Manager Degree Level

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

Compliance Manager Work Experience

Where Compliance Managers Are Employed

Compliance Manager Sectors

Compliance Managers work in the following industries:

Compliance Manager Industries

References:

Image Credit: Mike Moore via public domain

More about our data sources and methodologies.

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