Chief compliance officer vs head of ethics and compliance

The differences between chief compliance officers and heads of ethics and compliance can be seen in a few details. Each job has different responsibilities and duties. Additionally, a head of ethics and compliance has an average salary of $132,706, which is higher than the $102,166 average annual salary of a chief compliance officer.

The top three skills for a chief compliance officer include oversight, compliance issues and risk management. The most important skills for a head of ethics and compliance are risk management, oversight, and compliance risk.

Chief compliance officer vs head of ethics and compliance overview

	Chief Compliance Officer	Head Of Ethics And Compliance
Yearly salary	$102,166	$132,706
Hourly rate	$49.12	$63.80
Growth rate	-	-
Number of jobs	76,701	23,686
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 55%
Average age	46	47
Years of experience	-	4

What does a chief compliance officer do?

A CCO or Chief Compliance Officer's primary responsibility is to ensure all procedures or activities are compliant with the company's overall policy and adhering to legal protocols with state and federal laws. Thus, the CCO drafts, proposes and develops compliance programs for the company to implement. Through the chief compliance officer's work, the company can lessen its liabilities and issues that may cause disruptions in production. The CCO is also part of the team that ensures quality in all company processes and activities.

What does a head of ethics and compliance do?

A company's head of ethics and compliance is in charge of implementing policies and regulations to ensure a safe and efficient work environment. They typically manage staff, set department goals and timelines, establish guidelines and protocols, and develop strategies to optimize operations. As the head of ethics and compliance, it is their responsibility to spearhead inspections to ensure company procedures comply with the government standards and regulations, investigate violations and workplace incidents, and implement solutions to resolve issues and concerns.

Chief compliance officer vs head of ethics and compliance salary

Chief compliance officers and heads of ethics and compliance have different pay scales, as shown below.

	Chief Compliance Officer	Head Of Ethics And Compliance
Average salary	$102,166	$132,706
Salary range	Between $65,000 And $159,000	Between $88,000 And $198,000
Highest paying City	Washington, DC	-
Highest paying state	Delaware	-
Best paying company	McKinsey & Company Inc	-
Best paying industry	Finance	-

Differences between chief compliance officer and head of ethics and compliance education

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

	Chief Compliance Officer	Head Of Ethics And Compliance
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 55%
Most common major	Law	Law
Most common college	Harvard University	University of Pennsylvania

Chief compliance officer vs head of ethics and compliance demographics

Here are the differences between chief compliance officers' and heads of ethics and compliance' demographics:

	Chief Compliance Officer	Head Of Ethics And Compliance
Average age	46	47
Gender ratio	Male, 64.7% Female, 35.3%	Male, 66.4% Female, 33.6%
Race ratio	Black 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, 7.5% Unknown, 4.7% Hispanic or Latino, 12.6% Asian, 8.9% White, 65.6% American Indian and Alaska Native, 0.7%
LGBT Percentage	12%	10%

Differences between chief compliance officer and head of ethics and compliance 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.

Head of ethics and compliance example responsibilities.

Develop, manage and implement program governance and structure to ensure major programs are strategically align with organizational objectives.
Receive, file, monitor and safekept actionable loan documents, titles and loan securities.
Provide oversight for the financial and technical aspects of contract procurement, management, and administration.
Provide AML operational oversight and compliance solutions for stakeholders.
Provide multifunctional support relate to two FDA inspection preparation initiatives (e.g.
Investigate suspicious exchange relate transactions, AML and market abuse relate issues, and escalate appropriate remedial action for effective resolutions.

Chief compliance officer vs head of ethics and compliance skills

Common chief compliance officer skills

Oversight, 8%
Compliance Issues, 6%
Risk Management, 6%
Ethics, 6%
Regulatory Compliance, 5%
Risk Assessments, 5%

Common head of ethics and compliance skills

Risk Management, 12%
Oversight, 12%
Compliance Risk, 8%
Compliance Program, 8%
Compliance Issues, 5%
Regulatory Risk, 5%

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Chief Compliance Officer vs Head Of Ethics And Compliance

Updated January 8, 2025

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