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Compliance assistant hiring summary. Here are some key points about hiring compliance assistants in the United States:
Here's a step-by-step compliance assistant hiring guide:
The compliance officer's primary function is to monitor all of the company's daily production activities, ensuring everything complies with given policies in both the company and the government. A compliance assistant works under a compliance head officer. The assistant works on administrative and clerical duties, and may be part of company policy development to make sure they are lawful and without any hidden problems.
Before you post your compliance assistant job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a compliance assistant for hire on a part-time basis or as a contractor.
A compliance assistant's background is also an important factor in determining whether they'll be a good fit for the position. For example, compliance assistants from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of compliance assistant salaries for various roles:
| Type of Compliance Assistant | Description | Hourly rate |
|---|---|---|
| Compliance Assistant | $12-51 | |
| Document Reviewer | A document reviewer is typically a legal professional, such as an attorney or paralegal, who reviews a wide variety of documents gathered and prepared for legal procedures. The materials they review usually include emails, affidavits, letters, memos, spreadsheets, PowerPoint presentations, and transcripts... Show more | $12-49 |
Including a salary range in your compliance assistant job description is one of the best ways to attract top talent. A compliance assistant can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $75,433 | $36 |
| 2 | New York | $72,165 | $35 |
| 3 | Massachusetts | $65,074 | $31 |
| 4 | Delaware | $63,321 | $30 |
| 5 | Michigan | $61,663 | $30 |
| 6 | Ohio | $59,814 | $29 |
| 7 | California | $58,134 | $28 |
| 8 | Wisconsin | $56,841 | $27 |
| 9 | Indiana | $54,697 | $26 |
| 10 | Oregon | $52,715 | $25 |
| 11 | Pennsylvania | $51,986 | $25 |
| 12 | Arizona | $51,806 | $25 |
| 13 | Texas | $51,606 | $25 |
| 14 | Florida | $51,350 | $25 |
| 15 | Illinois | $51,125 | $25 |
| 16 | Nebraska | $51,030 | $25 |
| 17 | Missouri | $50,943 | $24 |
| 18 | Colorado | $50,111 | $24 |
| 19 | Washington | $48,985 | $24 |
| 20 | Alabama | $46,862 | $23 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Citi | $140,055 | $67.33 | |
| 2 | Latham & Watkins | $121,690 | $58.50 | |
| 3 | StoneX Group | $121,470 | $58.40 | 4 |
| 4 | UMass Memorial Health | $117,588 | $56.53 | |
| 5 | Massachusetts Institute of Technology | $84,565 | $40.66 | 1 |
| 6 | Holzer Health System | $83,311 | $40.05 | |
| 7 | FASB, GASB, and FAF | $79,552 | $38.25 | |
| 8 | University Health System Inc | $75,226 | $36.17 | |
| 9 | BELFOR Franchise Group | $69,714 | $33.52 | |
| 10 | Democratic Party | $65,215 | $31.35 | |
| 11 | Brown & Riding Insurance Services | $59,712 | $28.71 | |
| 12 | Katmai Careers | $59,088 | $28.41 | |
| 13 | San Jose State University | $56,984 | $27.40 | |
| 14 | Paul Davis USA | $56,102 | $26.97 | 2 |
| 15 | Bright Star Schools | $54,944 | $26.42 | |
| 16 | Allianz of America, Inc. | $54,524 | $26.21 | |
| 17 | Cesar Chavez Foundation | $54,014 | $25.97 | |
| 18 | 1871 | $54,007 | $25.96 | |
| 19 | Trust Point | $53,930 | $25.93 | |
| 20 | Nationwide Children's Hospital | $53,661 | $25.80 | 1 |
A good compliance assistant job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a compliance assistant job description:
To find compliance assistants for your business, try out a few different recruiting strategies:
Your first interview with compliance assistant candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect compliance assistant candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new compliance assistant first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Before you start to hire compliance assistants, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire compliance assistants pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Compliance assistants earn a median yearly salary is $53,659 a year in the US. However, if you're looking to find compliance assistants for hire on a contract or per-project basis, hourly rates typically range between $12 and $51.