Credit compliance officer vs compliance specialist

The differences between credit compliance officers and compliance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a credit compliance officer has an average salary of $140,100, which is higher than the $57,330 average annual salary of a compliance specialist.

The top three skills for a credit compliance officer include risk management, regulatory compliance and credit compliance. The most important skills for a compliance specialist are patients, regulatory compliance, and strong analytical.

Credit compliance officer vs compliance specialist overview

	Credit Compliance Officer	Compliance Specialist
Yearly salary	$140,100	$57,330
Hourly rate	$67.36	$27.56
Growth rate	17%	6%
Number of jobs	73,431	34,610
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 61%
Average age	46	46
Years of experience	-	-

Credit compliance officer vs compliance specialist salary

Credit compliance officers and compliance specialists have different pay scales, as shown below.

	Credit Compliance Officer	Compliance Specialist
Average salary	$140,100	$57,330
Salary range	Between $95,000 And $205,000	Between $38,000 And $85,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	Delaware
Best paying company	-	Meta
Best paying industry	-	Pharmaceutical

Differences between credit compliance officer and compliance specialist education

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

	Credit Compliance Officer	Compliance Specialist
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 61%
Most common major	Finance	Business
Most common college	University of Pennsylvania	Harvard University

Credit compliance officer vs compliance specialist demographics

Here are the differences between credit compliance officers' and compliance specialists' demographics:

	Credit Compliance Officer	Compliance Specialist
Average age	46	46
Gender ratio	Male, 53.2% Female, 46.8%	Male, 38.4% Female, 61.6%
Race ratio	Black or African American, 12.7% Unknown, 4.3% Hispanic or Latino, 14.8% Asian, 7.9% White, 59.7% 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 Percentage	12%	12%

Differences between credit compliance officer and compliance specialist duties and responsibilities

Credit compliance officer example responsibilities.

Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
Identify all transactions in OTC equity securities and ascertain that every recommendation to customers meet suitability standards via exclusion or exemption.
Participate in structuring terms and reviewing legal documents for derivative transactions, letters of credit, and liquidity facilities.

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.

Credit compliance officer vs compliance specialist skills

Common credit compliance officer skills

Risk Management, 42%
Regulatory Compliance, 19%
Credit Compliance, 14%
Compliance Issues, 12%
Compliance Reviews, 10%
Financial Statements, 2%

Common compliance specialist skills

Patients, 9%
Regulatory Compliance, 7%
Strong Analytical, 5%
FDA, 5%
Customer Service, 5%
PowerPoint, 4%

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Credit Compliance Officer
Credit Compliance Officer vs Compliance Specialist

Updated January 8, 2025

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