Finance compliance officer vs credit compliance officer

The differences between finance compliance officers and credit compliance 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 $76,275 average annual salary of a finance compliance officer.

The top three skills for a finance compliance officer include AML, BSA and transaction monitoring. The most important skills for a credit compliance officer are risk management, regulatory compliance, and credit compliance.

Finance compliance officer vs credit compliance officer overview

	Finance Compliance Officer	Credit Compliance Officer
Yearly salary	$76,275	$140,100
Hourly rate	$36.67	$67.36
Growth rate	21%	17%
Number of jobs	135,277	73,431
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 61%
Average age	46	46
Years of experience	-	-

Finance compliance officer vs credit compliance officer salary

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

	Finance Compliance Officer	Credit Compliance Officer
Average salary	$76,275	$140,100
Salary range	Between $49,000 And $117,000	Between $95,000 And $205,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between finance compliance officer and credit compliance officer education

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

	Finance Compliance Officer	Credit Compliance Officer
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 61%
Most common major	Accounting	Finance
Most common college	University of Pennsylvania	University of Pennsylvania

Finance compliance officer vs credit compliance officer demographics

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

	Finance Compliance Officer	Credit Compliance Officer
Average age	46	46
Gender ratio	Male, 59.3% Female, 40.7%	Male, 53.2% Female, 46.8%
Race ratio	Black or African American, 10.8% Unknown, 4.5% Hispanic or Latino, 15.8% Asian, 8.3% White, 59.8% American Indian and Alaska Native, 0.8%	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%
LGBT Percentage	12%	12%

Differences between finance compliance officer and credit compliance officer duties and responsibilities

Finance compliance officer example responsibilities.

Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
Enforce and ensure compliance with laws and regulations governing financial and securities institutions and financial transactions.
Review and approve financial and non-financial disclosures to ensure compliance with federal securities regulations and FINRA rules and regulations.
Develop oversight programs for enhance supervisory scenarios, engage others to act responsibly and minimize operational risks and internal controls issues.
Prepare bi-weekly update of subcontract reports and update closeout status in SharePoint.
Document data for alert investigation and review in an internal SharePoint system.

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.

Finance compliance officer vs credit compliance officer skills

Common finance compliance officer skills

AML, 17%
BSA, 14%
Transaction Monitoring, 9%
OFAC, 9%
Financial Services, 8%
Risk Management, 5%

Common credit compliance officer skills

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

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Finance Compliance Officer
Finance Compliance Officer vs Credit Compliance Officer

Updated January 8, 2025

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