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Compliance manager vs internal audit manager

The differences between compliance managers and internal audit managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an internal audit manager has an average salary of $106,222, which is higher than the $95,130 average annual salary of a compliance manager.

The top three skills for a compliance manager include oversight, ethics and risk management. The most important skills for an internal audit manager are internal controls, risk management, and audit reports.

Compliance manager vs internal audit manager overview

Compliance ManagerInternal Audit Manager
Yearly salary$95,130$106,222
Hourly rate$45.74$51.07
Growth rate-6%
Number of jobs19,08828,405
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 75%
Average age4744
Years of experience4-

What does a compliance manager do?

Compliance managers are professionals who maintain the ethical and legal integrity of an organization. They establish and oversee control systems to deal with and prevent violations against internal policies and legal guidelines. It is their responsibility to assess the efficiency of controls and improve their continuity. They are professionals with exceptional analytical skills as they design control systems, execute regular audits, and enforce organizational policies. The skills necessary for this job include strong communication skills and knowledge of industry regulations and procedures.

What does an internal audit manager do?

An Internal Audit Manager monitors and evaluates how well risks are being managed. They develop recommendations and reports based on audits and present solutions to senior management.

Compliance manager vs internal audit manager salary

Compliance managers and internal audit managers have different pay scales, as shown below.

Compliance ManagerInternal Audit Manager
Average salary$95,130$106,222
Salary rangeBetween $66,000 And $136,000Between $74,000 And $151,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaCalifornia
Best paying companyMetaCiti
Best paying industryFinanceFinance

Differences between compliance manager and internal audit manager education

There are a few differences between a compliance manager and an internal audit manager in terms of educational background:

Compliance ManagerInternal Audit Manager
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 75%
Most common majorBusinessAccounting
Most common collegeStanford UniversityUniversity of Pennsylvania

Compliance manager vs internal audit manager demographics

Here are the differences between compliance managers' and internal audit managers' demographics:

Compliance ManagerInternal Audit Manager
Average age4744
Gender ratioMale, 48.6% Female, 51.4%Male, 70.1% Female, 29.9%
Race ratioBlack or African American, 7.6% Unknown, 4.7% Hispanic or Latino, 12.8% Asian, 8.8% White, 65.4% American Indian and Alaska Native, 0.7%Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.9% White, 63.3% American Indian and Alaska Native, 0.5%
LGBT Percentage10%7%

Differences between compliance manager and internal audit manager duties and responsibilities

Compliance manager example responsibilities.

  • Manage due diligence reviews in regard to FCPA.
  • Manage CFPB audit on both servicing and originations units.
  • Lead a team to assess and analyze Dodd-Frank CFTC swap regulations.
  • Promote to manage system development teams charge with performing new product QA.
  • Lead department review presentations on impact of new EU regulations effective Jan-2008.
  • Set up a project PMO team, along with organizing awareness and remediation team leads across every area.
  • Show more

Internal audit manager example responsibilities.

  • Manage financial reconciliation, bill pay, and budgeting using Quickbooks.
  • Manage and coordinate annual external business evaluation in conjunction with CPA consultants.
  • Define metrics to determine ROI of programs.
  • Assist external CPA firm with annual financial statement audits.
  • Provide oversight and monitoring of provision accounts, fee waivers, and reps and warranties.
  • Provide oversight and expertise for internal investigators.
  • Show more

Compliance manager vs internal audit manager skills

Common compliance manager skills
  • Oversight, 9%
  • Ethics, 6%
  • Risk Management, 6%
  • Compliance Program, 5%
  • Regulatory Compliance, 4%
  • Risk Assessments, 3%
Common internal audit manager skills
  • Internal Controls, 11%
  • Risk Management, 8%
  • Audit Reports, 8%
  • SOX, 5%
  • Audit Procedures, 4%
  • Ethics, 4%

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