Bank compliance officer vs credit compliance officer

The differences between bank compliance officers and credit compliance officers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a credit compliance officer has an average salary of $140,100, which is higher than the $80,729 average annual salary of a bank compliance officer.

The top three skills for a bank compliance officer include compliance risk, risk management and compliance issues. The most important skills for a credit compliance officer are risk management, regulatory compliance, and credit compliance.

Bank compliance officer vs credit compliance officer overview

	Bank Compliance Officer	Credit Compliance Officer
Yearly salary	$80,729	$140,100
Hourly rate	$38.81	$67.36
Growth rate	-	17%
Number of jobs	73,819	73,431
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 61%
Average age	46	46
Years of experience	-	-

Bank compliance officer vs credit compliance officer salary

Bank compliance officers and credit compliance officers have different pay scales, as shown below.

	Bank Compliance Officer	Credit Compliance Officer
Average salary	$80,729	$140,100
Salary range	Between $52,000 And $124,000	Between $95,000 And $205,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between bank compliance officer and credit compliance officer education

There are a few differences between a bank compliance officer and a credit compliance officer in terms of educational background:

	Bank Compliance Officer	Credit Compliance Officer
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 61%
Most common major	Business	Finance
Most common college	University of Pennsylvania	University of Pennsylvania

Bank compliance officer vs credit compliance officer demographics

Here are the differences between bank compliance officers' and credit compliance officers' demographics:

	Bank Compliance Officer	Credit Compliance Officer
Average age	46	46
Gender ratio	Male, 45.6% Female, 54.4%	Male, 53.2% Female, 46.8%
Race ratio	Black or African American, 11.0% Unknown, 4.3% Hispanic or Latino, 16.1% Asian, 8.0% White, 59.9% American Indian and Alaska Native, 0.7%	Black or African American, 12.7% Unknown, 4.3% Hispanic or Latino, 14.8% Asian, 7.9% White, 59.7% American Indian and Alaska Native, 0.7%
LGBT Percentage	12%	12%

Differences between bank compliance officer and credit compliance officer duties and responsibilities

Bank compliance officer example responsibilities.

Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
Prepare highly detail and concise written documentation to support reasons why no SAR are deemed necessary.
Assist in creating, updating and reviewing compliance policies, procedures and guidance/tools relate to BSA/AML including KYC and OFAC.
Implement rule-based SAR parameters for the detection of possible suspicious activity in wire transmission.
Identify all transactions in OTC equity securities and ascertain that every recommendation to customers meet suitability standards via exclusion or exemption.
Conduct personal injury, vehicle accidents, and worker's compensation investigations in anticipation of litigation.

Credit compliance officer example responsibilities.

Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
Identify all transactions in OTC equity securities and ascertain that every recommendation to customers meet suitability standards via exclusion or exemption.
Participate in structuring terms and reviewing legal documents for derivative transactions, letters of credit, and liquidity facilities.

Bank compliance officer vs credit compliance officer skills

Common bank compliance officer skills

Compliance Risk, 13%
Risk Management, 13%
Compliance Issues, 9%
Regulatory Risk, 7%
Regulatory Compliance, 7%
Compliance Policies, 6%

Common credit compliance officer skills

Risk Management, 42%
Regulatory Compliance, 19%
Credit Compliance, 14%
Compliance Issues, 12%
Compliance Reviews, 10%
Financial Statements, 2%

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Bank Compliance Officer
Bank Compliance Officer vs Credit Compliance Officer

Updated January 8, 2025

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