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Compliance vice president vs compliance specialist

The differences between compliance vice presidents and compliance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a compliance vice president has an average salary of $103,164, which is higher than the $57,330 average annual salary of a compliance specialist.

The top three skills for a compliance vice president include CMS, compliance program and internal audit. The most important skills for a compliance specialist are patients, regulatory compliance, and strong analytical.

Compliance vice president vs compliance specialist overview

Compliance Vice PresidentCompliance Specialist
Yearly salary$103,164$57,330
Hourly rate$49.60$27.56
Growth rate-6%
Number of jobs46,57834,610
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 61%
Average age4746
Years of experience4-

What does a compliance vice president do?

Compliance Vice Presidents are executives who lead the compliance department of the company. They set goals and provide strategic direction to the department, oversee all the company's initiatives related to compliance, and ensure that all policies and guidelines are updated to reflect industry standards and the rules set by governing bodies. Compliance Vice Presidents set compliance guidelines for the company. Furthermore, they ensure that the company is compliant with government standards to avoid losing their license to operate.

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.

Compliance vice president vs compliance specialist salary

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

Compliance Vice PresidentCompliance Specialist
Average salary$103,164$57,330
Salary rangeBetween $68,000 And $154,000Between $38,000 And $85,000
Highest paying CityHoboken, NJSan Francisco, CA
Highest paying stateNew JerseyDelaware
Best paying companySumitomo Mitsui Financial GroupMeta
Best paying industryFinancePharmaceutical

Differences between compliance vice president and compliance specialist education

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

Compliance Vice PresidentCompliance Specialist
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 61%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaHarvard University

Compliance vice president vs compliance specialist demographics

Here are the differences between compliance vice presidents' and compliance specialists' demographics:

Compliance Vice PresidentCompliance Specialist
Average age4746
Gender ratioMale, 56.1% Female, 43.9%Male, 38.4% Female, 61.6%
Race ratioBlack or African American, 7.4% Unknown, 4.7% Hispanic or Latino, 12.5% Asian, 8.8% White, 65.9% American Indian and Alaska Native, 0.7%Black 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%
LGBT Percentage10%12%

Differences between compliance vice president and compliance specialist duties and responsibilities

Compliance vice president example responsibilities.

  • Lead the SOX compliance effort with assistance from one direct report.
  • Lead HIPAA investigation and response team as part of theft of laptop containing multiple clients' sensitive information.
  • Manage outside counsel regarding litigation, employment disputes, product liability, and prosecution and protection of intellectual property.
  • Manage successful litigation, arbitration and mediation proceedings, including commercial disputes, product liability, employment and intellectual property.
  • Develop and deliver ethics and compliance training.
  • Ensure coordination of CMS to file management systems.
  • Show more

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 vice president vs compliance specialist skills

Common compliance vice president skills
  • CMS, 10%
  • Compliance Program, 8%
  • Internal Audit, 8%
  • Strategic Thinking, 8%
  • Corrective Action, 7%
  • Compliance Issues, 7%
Common compliance specialist skills
  • Patients, 9%
  • Regulatory Compliance, 7%
  • Strong Analytical, 5%
  • FDA, 5%
  • Customer Service, 5%
  • PowerPoint, 4%

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