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Compliance specialist vs compliance analyst

The differences between compliance specialists and compliance analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a compliance analyst has an average salary of $59,108, which is higher than the $57,330 average annual salary of a compliance specialist.

The top three skills for a compliance specialist include patients, regulatory compliance and strong analytical. The most important skills for a compliance analyst are powerpoint, customer service, and risk assessments.

Compliance specialist vs compliance analyst overview

Compliance SpecialistCompliance Analyst
Yearly salary$57,330$59,108
Hourly rate$27.56$28.42
Growth rate6%6%
Number of jobs34,61026,138
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 66%
Average age4646
Years of experience--

What does a compliance specialist do?

The role of compliance specialists is to ensure that companies comply with relevant industry standards and regulations. Their duties may vary depending on the industry they work in, such as healthcare or banking. Tasks include reviewing their company's business practices to ensure they follow specific regulations, resolving compliance issues that may arise, and being up-to-date with regulatory changes. As a compliance specialist, you should have industry expertise, in-depth knowledge of regulations, and auditing skills.

What does a compliance analyst do?

A compliance analyst is in charge of ensuring that every operation and aspect in a company or facility adheres to the laws and regulations. They are also responsible for conducting regular inspections and assessments, producing reports and presentations, disseminating necessary information and reminders, researching existing policies and laws related to the industry, and remaining updated with new regulations. Furthermore, there are instances when a compliance analyst must gather requirements and process them to receive compliance certifications from agencies.

Compliance specialist vs compliance analyst salary

Compliance specialists and compliance analysts have different pay scales, as shown below.

Compliance SpecialistCompliance Analyst
Average salary$57,330$59,108
Salary rangeBetween $38,000 And $85,000Between $39,000 And $87,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateDelawareCalifornia
Best paying companyMetaMeta
Best paying industryPharmaceuticalTechnology

Differences between compliance specialist and compliance analyst education

There are a few differences between a compliance specialist and a compliance analyst in terms of educational background:

Compliance SpecialistCompliance Analyst
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeHarvard UniversityUniversity of Pennsylvania

Compliance specialist vs compliance analyst demographics

Here are the differences between compliance specialists' and compliance analysts' demographics:

Compliance SpecialistCompliance Analyst
Average age4646
Gender ratioMale, 38.4% Female, 61.6%Male, 43.5% Female, 56.5%
Race ratioBlack or African American, 10.9% Unknown, 4.5% Hispanic or Latino, 15.7% Asian, 8.2% White, 59.8% American Indian and Alaska Native, 0.8%Black or African American, 11.5% Unknown, 4.4% Hispanic or Latino, 15.2% Asian, 8.0% White, 60.1% American Indian and Alaska Native, 0.8%
LGBT Percentage12%12%

Differences between compliance specialist and compliance analyst duties and responsibilities

Compliance specialist example responsibilities.

  • Lead bi-weekly Medicaid meetings to maintain effective communication with all staff regarding AHCA updates and notifications.
  • Manage and submit regulatory permit and notification applications to USDA to import, move and release regulate plant materials.
  • Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
  • Access the IDX system to obtain patient billing information in order to review Medicare and Medicaid payments.
  • Develop training materials to be used company-wide for regulatory mandate continuing education; create written policy manual for ethics and compliance.
  • Perform SOX control testing and validation.
  • Show more

Compliance analyst example responsibilities.

  • Manage FHA, FHLMC, FNMA, VA and GNMA files.
  • Manage monthly allocation process & governance to non-Germany regions, balancing regions & projects.
  • Serve as TeamRoom/SharePoint administrator, including managing the SharePoint migration project.
  • Lead annual Medicare data validation exams; distribute regulations, hold informational meetings, perform quality assurance checks of data.
  • Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
  • Conduct Sarbanes-Oxley on big data audits, analyze statistical trends and control audits for fee governance efforts.
  • Show more

Compliance specialist vs compliance analyst skills

Common compliance specialist skills
  • Patients, 9%
  • Regulatory Compliance, 7%
  • Strong Analytical, 5%
  • FDA, 5%
  • Customer Service, 5%
  • PowerPoint, 4%
Common compliance analyst skills
  • PowerPoint, 6%
  • Customer Service, 5%
  • Risk Assessments, 5%
  • Regulatory Compliance, 4%
  • Compliance Issues, 4%
  • Compliance Program, 4%

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