Credit compliance officer vs senior compliance specialist

The differences between credit compliance officers and senior 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 $71,381 average annual salary of a senior 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 senior compliance specialist are risk assessments, regulatory compliance, and regulatory agencies.

Credit compliance officer vs senior compliance specialist overview

	Credit Compliance Officer	Senior Compliance Specialist
Yearly salary	$140,100	$71,381
Hourly rate	$67.36	$34.32
Growth rate	17%	-
Number of jobs	73,431	23,456
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 69%
Average age	46	46
Years of experience	-	-

Credit compliance officer vs senior compliance specialist salary

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

	Credit Compliance Officer	Senior Compliance Specialist
Average salary	$140,100	$71,381
Salary range	Between $95,000 And $205,000	Between $48,000 And $105,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Genentech
Best paying industry	-	Health Care

Differences between credit compliance officer and senior compliance specialist education

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

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

Credit compliance officer vs senior compliance specialist demographics

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

	Credit Compliance Officer	Senior Compliance Specialist
Average age	46	46
Gender ratio	Male, 53.2% Female, 46.8%	Male, 42.9% Female, 57.1%
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, 11.1% Unknown, 4.5% Hispanic or Latino, 15.5% Asian, 8.1% White, 60.0% American Indian and Alaska Native, 0.8%
LGBT Percentage	12%	12%

Differences between credit compliance officer and senior 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.

Senior compliance specialist example responsibilities.

Assure appropriate licenses are achieve or payments are stop or not allow for any transaction with a possible OFAC issue.
Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
Ensure employee compliance with the healthcare compliance and business ethics policies and guidelines.
Arrange HIPAA training for all levels of management, associates and sales staff working with training staff
Provide leadership, guidance, support, mentoring, and training for junior level ethics specialist and employee relations specialists.
Analyze and review CAPA records ensuring accurate representation of the depth of investigation conduct.

Credit compliance officer vs senior 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 senior compliance specialist skills

Risk Assessments, 6%
Regulatory Compliance, 5%
Regulatory Agencies, 5%
Internal Audit, 5%
HIPAA, 4%
Compliance Program, 4%

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Credit Compliance Officer
Credit Compliance Officer vs Senior Compliance Specialist

Updated January 8, 2025

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