How much does a bank compliance officer make?
Bank Compliance Officer Salary
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How do I become a bank compliance officer?
To become a bank compliance officer, earn a bachelor’s degree in business, financial administration, public administration, accounting, or a related field. Some employers require bank compliance officers to hold a graduate degree or certification, but an undergraduate degree qualifies you for an entry-level position.
What qualifications do I need to be a compliance officer?
Typically, a bachelor’s degree is the bare minimum education a compliance officer must have. There is no specific compliance officer degree. In many cases, people looking to pursue a compliance officer career will earn a bachelor’s degree in criminal justice, finance or business.
What other jobs can a compliance officer do?
Your role in compliance may vary as there are a number of specialist areas you can choose to pursue: assurance. financial crime. monitoring….Types of work
- digital and technology.
- environmental services.
- financial services.
What does a compliance officer at a bank do?
A bank compliance officer researches, implements, and manages the areas of banking regulations and laws, banking policies and procedures, consumer protection, and public interest laws. It’s common for bank compliance officers to advise, oversee, and train the banking staff on these compliance procedures.
How much does a chief compliance officer make?
The national average salary for a Chief Compliance Officer is nearly $132,000, according to Glassdoor, with some CCOs making more than $250,000 a year. Glassdoor — a site with job listings and company reviews — shows 112 salaries for the CCO position.
Are compliance officers in demand?
As businesses work to meet an array of complex compliance requirements, from anti-money laundering laws to the Sarbanes-Oxley Act, the demand for compliance officers is rising. And chief compliance officers can expect to see a midpoint salary of $175,250 next year.
Are compliance jobs in demand?
We are seeing a lot of hiring, and even a return to guarantees and sign-on bonuses which have been rare the past few years.” The U.S Bureau of Labor Statistics projects a compliance officer growth rate of 15% between 2010 and 2020. …
Does compliance pay well?
$38,920 to $109,950 The salary range for Compliance Officer occupations, as of May 2019 (the most recent figure available as of September 2020).
How do I get a job in compliance with no experience?
A great route for people with little experience is by working with Anti-Money Laundering (AML), Know Your Customer (KYC) and due diligence controls, experts say. Banks often hire for these roles on a temporary basis, said Owen, giving prospective compliance employees an opportunity for exposure.