Wealth Management Compliance Professionals
Compliance professionals make sure that their firms are in compliance with laws and regulations that have been established by the federal government (such as the Investment Advisers Act of 1940 and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010), state governments, and voluntary investor-protection organizations such as the Financial Industry Regulatory Authority. They also ensure that their firms comply with internal systems that have been established to ensure compliance with government and voluntary regulat...
Minimum Education Level
The International Compliance Association reports that compliance managers earn salaries that ranged from $90,000 to $160,000. Earnings for compliance officers range from $50,000 to $120,000.
Chief compliance officers at large companies earned salaries that ranged from $135,500 to $271,000, according to Robert Half’s 2020 Salary Guide Accounting & Finance. Robert Half also re...
Compliance professionals work in typical office settings, with standard work hours (Monday-Friday, 9 to 5). This job can be occasionally stressful if the compliance professional fails to identify risk areas that result in a negative outcome for his or her firm. On the other hand, many compliance professionals enjoy their work immensely—valuing the great responsibility they have to steer their f...
Employment for compliance professionals will be strong during the next decade as a result of increasing government regulation of the financial services industry. In its 2020 Salary Guide Accounting & Finance, Robert Half noted that “hiring is ramping up across the financial services industry, especially for job candidates with experience in banking and financial markets, risk and c...