1. University of Pennsylvania
Philadelphia, PA • Private
Compliance auditors are responsible for ensuring that companies adhere and conform to the state and federal regulations related to their line of work. In line with this duty, they develop compliance auditing plans based on thorough research on government agencies and professional organizations' studies. They also analyze potential risks within the company to avoid possible compliance issues. Compliance auditors earn a median sum of $62,000 annually or $29 per hour.
Compliance auditors may work in various industries, including accounting, insurance, and many more. They perform their duties to protect the company's assets and primarily enforce compliance with internal regulations. They may act as consultants. Due to the job's delicate nature, they need to understand operations and practices within the industry for which they are auditing and using relevant software when performing such duties as data analysis or quality assurance. Compliance auditors typically possess a bachelor's degree in a relevant field and an industry-specific certification.
Employers mostly prefer candidates with some years of auditing experience and in-depth knowledge of the industry's rules, guidelines, and regulations. They are also expected to have a keen eye for detail and solid analytical skills to boot.
There are certain skills that many compliance auditors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.
If you're interested in becoming a compliance auditor, one of the first things to consider is how much education you need. We've determined that 62.9% of compliance auditors have a bachelor's degree. In terms of higher education levels, we found that 12.0% of compliance auditors have master's degrees. Even though most compliance auditors have a college degree, it's possible to become one with only a high school degree or GED.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a compliance auditor can determine their career goals through the career progression. For example, they could start out with a role such as compliance analyst, progress to a title such as team leader and then eventually end up with the title compliance vice president.
What Am I Worth?
The role of a compliance auditor includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general compliance auditor responsibilities:
There are several types of compliance auditor, including:
Mouse over a state to see the number of active compliance auditor jobs in each state. The darker areas on the map show where compliance auditors earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
Philadelphia, PA • Private
Evanston, IL • Private
Los Angeles, CA • Private
Vestal, NY • Private
Villanova, PA • Private
San Diego, CA • Private
Waltham, MA • Private
Farmingdale, NY • Private
Boston, MA • Private
Stony Brook, NY • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 6.9% of compliance auditors listed audit findings on their resume, but soft skills such as analytical skills and communication skills are important as well.
Zippia allows you to choose from different easy-to-use Compliance Auditor templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Compliance Auditor resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
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Some places are better than others when it comes to starting a career as a compliance auditor. The best states for people in this position are New Jersey, New York, Rhode Island, and Connecticut. Compliance auditors make the most in New Jersey with an average salary of $88,232. Whereas in New York and Rhode Island, they would average $79,367 and $73,901, respectively. While compliance auditors would only make an average of $72,460 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. New York
2. District of Columbia
3. New Jersey
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ compliance auditors and discovered their number of compliance auditor opportunities and average salary. Through our research, we concluded that Kaiser Permanente was the best, especially with an average salary of $68,848. Wells Fargo follows up with an average salary of $80,498, and then comes Bank of America with an average of $81,523. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a compliance auditor. The employers include Stanford Health Care, Sutter Health, and WellSpan Health
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|2||JPMorgan Chase & Co.||$92,831||$44.63||18|
|7||Bank of America||$81,523||$39.19||34|
|10||Schultheis & Panettieri||$73,268||$35.23||13|