Credit compliance officer vs credit officer

The differences between credit compliance officers and credit officers 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 $129,478 average annual salary of a credit officer.

The top three skills for a credit compliance officer include risk management, regulatory compliance and credit compliance. The most important skills for a credit officer are risk management, credit risk, and credit analysis.

Credit compliance officer vs credit officer overview

	Credit Compliance Officer	Credit Officer
Yearly salary	$140,100	$129,478
Hourly rate	$67.36	$62.25
Growth rate	17%	17%
Number of jobs	73,431	60,323
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 69%
Average age	46	39
Years of experience	-	2

Credit compliance officer vs credit officer salary

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

	Credit Compliance Officer	Credit Officer
Average salary	$140,100	$129,478
Salary range	Between $95,000 And $205,000	Between $85,000 And $196,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Farm Credit System
Best paying industry	-	Finance

Differences between credit compliance officer and credit officer education

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

	Credit Compliance Officer	Credit Officer
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 69%
Most common major	Finance	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit compliance officer vs credit officer demographics

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

	Credit Compliance Officer	Credit Officer
Average age	46	39
Gender ratio	Male, 53.2% Female, 46.8%	Male, 64.4% Female, 35.6%
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, 8.0% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.6% American Indian and Alaska Native, 0.3%
LGBT Percentage	12%	11%

Differences between credit compliance officer and credit officer 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.

Credit officer example responsibilities.

Manage credit risk and provide independent oversight of the bank portfolio.
Manage the global function for an ERP software company that has a niche market in manufacturing companies.
Manage SBA construction/tenant improvement projects submit until project is completed.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Review clients file for compliance with: CIP, OFAC, HMDA, CRA and red flag activities.
Audit applications for HUD and IHDA compliance.

Credit compliance officer vs credit officer 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 credit officer skills

Risk Management, 10%
Credit Risk, 7%
Credit Analysis, 5%
Real Estate, 4%
Credit Approval, 4%
Portfolio Management, 4%

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Credit Compliance Officer
Credit Compliance Officer vs Credit Officer

Updated January 8, 2025

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