Compliance Managers


Overview

Compliance Managers

Introduction

Compliance managers make sure that companies operate in compliance with government and industry regulations and standards. They are also known as compliance managers. 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


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Median Salary

$68,860

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Employment Prospects

Good

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Minimum Education Level

Bachelor's Degree


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Experience

Three or more years experience


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Skills

Business Management


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Personality Traits

Conventional

Earnings

Compliance managers earned median annual salaries of $68,860 in May 2018, according to the U.S. Department of Labor. The lowest 10 percent earned $38,320 or less, and the highest 10 percent earned $109,650 or more. Compliance managers who worked for pharmaceutical and medicine manufacturing companies earned median annual salaries of $87,050, while those who worked for ...

Work Environment

Compliance managers work in the offices of companies. They may be located in the human resources, legal services, or financial department. They spend much of their day on computers, reading information, studying data, creating reports, and sending and receiving e-mails. Managers work closely with compliance analysts and other professionals, meeting frequently to discuss compliance issues and so...

Outlook

Employment opportunities for compliance managers are expected to grow by 6 percent (about as fast as the average) from 2018 to 2028, according to the Occupational Outlook Handbook. Stricter regulations (especially at the state level ) are imposing hefty fines on companies for violations of government and industry regulations. For example, stricter anti-money laundering laws have increa...

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