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The differences between compliance vice presidents and heads of ethics and compliance can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a compliance vice president and a head of ethics and compliance. Additionally, a head of ethics and compliance has an average salary of $132,706, which is higher than the $103,164 average annual salary of a compliance vice president.
The top three skills for a compliance vice president include CMS, compliance program and internal audit. The most important skills for a head of ethics and compliance are risk management, oversight, and compliance risk.
| Compliance Vice President | Head Of Ethics And Compliance | |
| Yearly salary | $103,164 | $132,706 |
| Hourly rate | $49.60 | $63.80 |
| Growth rate | - | - |
| Number of jobs | 46,578 | 23,686 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 55% |
| Average age | 47 | 47 |
| Years of experience | 4 | 4 |
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.
A company's head of ethics and compliance is in charge of implementing policies and regulations to ensure a safe and efficient work environment. They typically manage staff, set department goals and timelines, establish guidelines and protocols, and develop strategies to optimize operations. As the head of ethics and compliance, it is their responsibility to spearhead inspections to ensure company procedures comply with the government standards and regulations, investigate violations and workplace incidents, and implement solutions to resolve issues and concerns.
Compliance vice presidents and heads of ethics and compliance have different pay scales, as shown below.
| Compliance Vice President | Head Of Ethics And Compliance | |
| Average salary | $103,164 | $132,706 |
| Salary range | Between $68,000 And $154,000 | Between $88,000 And $198,000 |
| Highest paying City | Hoboken, NJ | - |
| Highest paying state | New Jersey | - |
| Best paying company | Sumitomo Mitsui Financial Group | - |
| Best paying industry | Finance | - |
There are a few differences between a compliance vice president and a head of ethics and compliance in terms of educational background:
| Compliance Vice President | Head Of Ethics And Compliance | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 55% |
| Most common major | Business | Law |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between compliance vice presidents' and heads of ethics and compliance' demographics:
| Compliance Vice President | Head Of Ethics And Compliance | |
| Average age | 47 | 47 |
| Gender ratio | Male, 56.1% Female, 43.9% | Male, 66.4% Female, 33.6% |
| Race ratio | Black 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, 7.5% Unknown, 4.7% Hispanic or Latino, 12.6% Asian, 8.9% White, 65.6% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 10% | 10% |