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Compliance officer vs legal counsel

The differences between compliance officers and legal counsels can be seen in a few details. Each job has different responsibilities and duties. Additionally, a legal counsel has an average salary of $132,867, which is higher than the $64,058 average annual salary of a compliance officer.

The top three skills for a compliance officer include oversight, risk management and compliance program. The most important skills for a legal counsel are legal advice, legal issues, and litigation.

Compliance officer vs legal counsel overview

Compliance OfficerLegal Counsel
Yearly salary$64,058$132,867
Hourly rate$30.80$63.88
Growth rate-10%
Number of jobs69,16110,337
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 43%
Average age4646
Years of experience-4

What does a compliance officer do?

A compliance officer is responsible for monitoring company operations, ensuring that all the processes and members are adhering to the regulatory and procedural policies set by the company. Compliance officers' duties also include proposing compliance programs, reviewing and updating existing company policies with management approval, taking immediate actions for policy violations, and mitigating risks. A compliance officer must have extensive knowledge of legal procedures and regulatory standards to manage and evaluate problems, providing meaningful solutions, and keep the company's positive reputation.

What does a legal counsel do?

A Legal Counsel supervises the legal aspects of a business. They give accurate and timely counsel to executives on a variety of legal topics, such as labor law, partnerships, or international ventures.

Compliance officer vs legal counsel salary

Compliance officers and legal counsels have different pay scales, as shown below.

Compliance OfficerLegal Counsel
Average salary$64,058$132,867
Salary rangeBetween $42,000 And $96,000Between $81,000 And $216,000
Highest paying CityWilmington, DESan Francisco, CA
Highest paying stateDelawareCalifornia
Best paying companyMetaApple
Best paying industryFinanceTechnology

Differences between compliance officer and legal counsel education

There are a few differences between a compliance officer and a legal counsel in terms of educational background:

Compliance OfficerLegal Counsel
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 43%
Most common majorBusinessLaw
Most common collegeHarvard UniversityStanford University

Compliance officer vs legal counsel demographics

Here are the differences between compliance officers' and legal counsels' demographics:

Compliance OfficerLegal Counsel
Average age4646
Gender ratioMale, 48.8% Female, 51.2%Male, 54.2% Female, 45.8%
Race ratioBlack or African American, 11.1% Unknown, 4.5% Hispanic or Latino, 15.9% Asian, 8.3% White, 59.4% American Indian and Alaska Native, 0.8%Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 7.9% Asian, 6.5% White, 75.3% American Indian and Alaska Native, 0.3%
LGBT Percentage12%10%

Differences between compliance officer and legal counsel duties and responsibilities

Compliance officer example responsibilities.

  • Achieve millions of dollars in possible FDA fines and remediation costs by eliminating regulatory risk.
  • Lead a team to review new HCBS final rules settings as outlined by CMS for all contract provider agencies.
  • Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
  • Track and coordinate CAPA to ensure effectiveness in root cause remediation.
  • Support senior compliance staff and legal counsel in all phases of investigation and litigation.
  • Use the Internet, Lexis Nexis and Accuity as necessary to perform EDD QA processes.
  • Show more

Legal counsel example responsibilities.

  • Achieve statewide recognition as expert on Medicare and Medicaid.
  • Manage high-risk employee terminations from initial decision through preparation for appeals hearings and any subsequent legal action.
  • Assist in liaising with insurance authorities, responding to regulatory inquiries and managing relationship with region from legal and business perspective.
  • Conduct anti-money laundering (AML) and know your customer (KYC) due diligence on a daily basis.
  • Ensure compliance with federal securities laws, NYSE rules, and Sarbanes-Oxley requirements.
  • Draft position statements for EEO and other regulatory claims.
  • Show more

Compliance officer vs legal counsel skills

Common compliance officer skills
  • Oversight, 7%
  • Risk Management, 7%
  • Compliance Program, 6%
  • Compliance Issues, 5%
  • Risk Assessments, 4%
  • PowerPoint, 4%
Common legal counsel skills
  • Legal Advice, 11%
  • Legal Issues, 9%
  • Litigation, 8%
  • Legal Support, 7%
  • Intellectual Property, 5%
  • Legal Risks, 4%

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