Compliance Managers
Overview
Introduction
Compliance managers make sure that companies operate in compliance with government and industry regulations and standards. They are also known as compliance officers. Compliance managers work closely with business executives, analysts, consultants, and other specialists to develop the legal and ethical standards for companies and to communicate this information to employees. They maintain documents on compliance activities and conduct internal investigations and identify issues related to regulatory or compliance standards....
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
Compliance managers earned median annual salaries of $75,670 in May 2023, according to the U.S. Department of Labor (DOL). The lowest 10 percent earned $43,790 or less, and the highest 10 percent earned $123,710 or more. Fifty percent of compliance managers earned between $56,180 and $100,340.
Compliance managers who worked for pharmaceutical and medicine manufacturing companies earned m...
Work Environment
Compliance managers work in the offices of companies and other organizations. These offices may be located in the human resources, legal services, or financial department. They spend much of their day on computers, reviewing information, studying data, creating reports, and sending and receiving e-mails. Managers work closely with compliance analysts and other professionals, meeting frequently ...
Outlook
Employment opportunities for compliance managers should be good during the next decade. "As businesses race to address an array of consumer-focused compliance requirements, from anti-money laundering laws to corporate accounting mandates, the demand for compliance officers continues to grow," according to the staffing firm Robert Half.
More companies will seek compliance managers to guid...