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Chief compliance officer vs contract compliance officer

The differences between chief compliance officers and contract compliance officers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a chief compliance officer has an average salary of $102,166, which is higher than the $54,392 average annual salary of a contract compliance officer.

The top three skills for a chief compliance officer include oversight, compliance issues and risk management. The most important skills for a contract compliance officer are contract compliance, technical assistance, and non-disclosure agreements.

Chief compliance officer vs contract compliance officer overview

Chief Compliance OfficerContract Compliance Officer
Yearly salary$102,166$54,392
Hourly rate$49.12$26.15
Growth rate-9%
Number of jobs76,70177,005
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 66%
Average age4646
Years of experience--

Chief compliance officer vs contract compliance officer salary

Chief compliance officers and contract compliance officers have different pay scales, as shown below.

Chief Compliance OfficerContract Compliance Officer
Average salary$102,166$54,392
Salary rangeBetween $65,000 And $159,000Between $36,000 And $80,000
Highest paying CityWashington, DCSan Jose, CA
Highest paying stateDelawareDelaware
Best paying companyMcKinsey & Company IncHill International
Best paying industryFinanceFinance

Differences between chief compliance officer and contract compliance officer education

There are a few differences between a chief compliance officer and a contract compliance officer in terms of educational background:

Chief Compliance OfficerContract Compliance Officer
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 66%
Most common majorLawBusiness
Most common collegeHarvard UniversityUniversity of Pennsylvania

Chief compliance officer vs contract compliance officer demographics

Here are the differences between chief compliance officers' and contract compliance officers' demographics:

Chief Compliance OfficerContract Compliance Officer
Average age4646
Gender ratioMale, 64.7% Female, 35.3%Male, 43.6% Female, 56.4%
Race ratioBlack or African American, 11.1% Unknown, 4.5% Hispanic or Latino, 15.7% Asian, 8.2% White, 59.7% American Indian and Alaska Native, 0.8%Black or African American, 11.2% Unknown, 4.5% Hispanic or Latino, 15.7% Asian, 8.2% White, 59.6% American Indian and Alaska Native, 0.8%
LGBT Percentage12%12%

Differences between chief compliance officer and contract compliance officer duties and responsibilities

Chief compliance officer example responsibilities.

  • Achieve desired results of no material audits or investigations thereafter by CMS or OIG.
  • Respond to all regulatory inquiries and manage FINRA routine and trading examinations.
  • Manage successful litigation, arbitration and mediation proceedings, including commercial disputes, product liability, employment and intellectual property.
  • Work closely with industry-leading securities attorneys in matters of pending litigation, consumer complaints, and regulatory investigations.
  • Develop, maintain and enforce policies and procedures relate to anti-money laundering, ethics training, and business continuity.
  • Draft complete sets of HIPAA privacy and security policies and regularly advise clients on state and federal privacy issues.
  • Show more

Contract compliance officer example responsibilities.

  • Lead and educate internal stakeholders in the proper use of document review and approval processes using SharePoint document management tools.
  • Provide logistics and system design to city downtown project.
  • Write, prepare and distribute RFP packages for all assign projects.
  • Provide information with regards to RFI, RFQ and RFP guidance and instruction.
  • Develop all policies and procedures for agency compliance with HIPAA rules and regulations.
  • Investigate and report alleged violations of rules and regulations, including HIPAA privacy and security incidents ;.
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Chief compliance officer vs contract compliance officer skills

Common chief compliance officer skills
  • Oversight, 8%
  • Compliance Issues, 6%
  • Risk Management, 6%
  • Ethics, 6%
  • Regulatory Compliance, 5%
  • Risk Assessments, 5%
Common contract compliance officer skills
  • Contract Compliance, 15%
  • Technical Assistance, 6%
  • Non-Disclosure Agreements, 6%
  • Compliance Audits, 5%
  • Purchase Orders, 4%
  • Contract Administration, 4%

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