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The differences between finance compliance examiners and compliance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance compliance examiner has an average salary of $69,168, which is higher than the $57,330 average annual salary of a compliance specialist.
The top three skills for a finance compliance examiner include financial institutions, audit reports and financial statements. The most important skills for a compliance specialist are patients, regulatory compliance, and strong analytical.
| Finance Compliance Examiner | Compliance Specialist | |
| Yearly salary | $69,168 | $57,330 |
| Hourly rate | $33.25 | $27.56 |
| Growth rate | 21% | 6% |
| Number of jobs | 85,381 | 34,610 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 61% |
| Average age | 42 | 46 |
| Years of experience | - | - |
A finance compliance examiner's main job is to check whether facilities follow and abide by appropriate procedures, security regulations, and enforceable company policies. They analyze the accuracy of financial statements, records, forms, and reports on file and meet with different management and auditors to conclude quarterly and annual financial statements. Internal audit knowledge and integrity play a high role in this position since they will also be working on anti-money laundering and anti-corruption programs. They also recommend, direct, and monitor the implementation of revised guidelines and regulations to ensure compliance.
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.
Finance compliance examiners and compliance specialists have different pay scales, as shown below.
| Finance Compliance Examiner | Compliance Specialist | |
| Average salary | $69,168 | $57,330 |
| Salary range | Between $46,000 And $102,000 | Between $38,000 And $85,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Delaware |
| Best paying company | Federal Reserve Bank of New York | Meta |
| Best paying industry | Insurance | Pharmaceutical |
There are a few differences between a finance compliance examiner and a compliance specialist in terms of educational background:
| Finance Compliance Examiner | Compliance Specialist | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Harvard University |
Here are the differences between finance compliance examiners' and compliance specialists' demographics:
| Finance Compliance Examiner | Compliance Specialist | |
| Average age | 42 | 46 |
| Gender ratio | Male, 58.2% Female, 41.8% | Male, 38.4% Female, 61.6% |
| Race ratio | Black or African American, 6.7% Unknown, 5.6% Hispanic or Latino, 12.4% Asian, 10.4% White, 64.5% American Indian and Alaska Native, 0.4% | 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 | 19% | 12% |