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Regulatory compliance director hiring summary. Here are some key points about hiring regulatory compliance directors in the United States:
Here's a step-by-step regulatory compliance director hiring guide:
A regulatory compliance director is an executive professional who ensures that an organization is continuing to fulfill its duties by following environmental health and safety compliance. This director must develop relationships with key officials and decision-makers at regulatory agencies to stay abreast of industry changes and their compliance implications. The director must work with all departments to make sure that they are following company policies and environmental regulations. This director must also design and implement processes that can detect and respond to issues or concerns regarding compliance.
The regulatory compliance director hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
You should also consider the ideal background you'd like them a regulatory compliance director to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a regulatory compliance director that fits the bill.
This list presents regulatory compliance director salaries for various positions.
| Type of Regulatory Compliance Director | Description | Hourly rate |
|---|---|---|
| Regulatory Compliance Director | $34-77 | |
| Manager, Quality Management, Corporate Compliance | Depending on the industry, there are a lot of functions you need to comply with if you want to become a manager of quality management and corporate compliance. Commonly seen in banks, manufacturing, processing, automotive, and textile companies, this job position is responsible for monitoring, implementing, and oversees the quality of a product... Show more | $35-71 |
| Director | Directors work in show business, whether in a film, a television show, or a theatre production. They are responsible for bringing the material to life... Show more | $31-92 |
Including a salary range in the regulatory compliance director job description is a good way to get more applicants. A regulatory compliance director salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a regulatory compliance director in Colorado may be lower than in California, and an entry-level engineer typically earns less than a senior-level regulatory compliance director. Additionally, a regulatory compliance director with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $146,255 | $70 |
| 2 | New Jersey | $128,559 | $62 |
| 3 | Delaware | $118,569 | $57 |
| 4 | Massachusetts | $117,839 | $57 |
| 5 | District of Columbia | $117,335 | $56 |
| 6 | Maryland | $116,977 | $56 |
| 7 | Virginia | $116,334 | $56 |
| 8 | Nevada | $116,270 | $56 |
| 9 | New York | $110,534 | $53 |
| 10 | North Carolina | $110,258 | $53 |
| 11 | New Mexico | $105,567 | $51 |
| 12 | Michigan | $101,748 | $49 |
| 13 | Texas | $100,815 | $48 |
| 14 | Indiana | $95,244 | $46 |
| 15 | Minnesota | $93,576 | $45 |
| 16 | Ohio | $93,489 | $45 |
| 17 | Wisconsin | $91,394 | $44 |
| 18 | Oregon | $90,916 | $44 |
| 19 | Iowa | $88,254 | $42 |
| 20 | Illinois | $87,577 | $42 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Ernst & Young | $146,308 | $70.34 | 23 |
| 2 | Silicon Valley Bank | $141,751 | $68.15 | |
| 3 | Pwc | $137,766 | $66.23 | 21 |
| 4 | Texas Children's Hospital | $133,957 | $64.40 | 3 |
| 5 | St. Joseph Healthcare | $133,448 | $64.16 | |
| 6 | Calpine | $133,371 | $64.12 | |
| 7 | Goldman Sachs | $133,098 | $63.99 | 2 |
| 8 | Bristol-Myers Squibb | $132,586 | $63.74 | 3 |
| 9 | Sanofi US | $129,306 | $62.17 | 12 |
| 10 | Tris Pharma | $124,896 | $60.05 | |
| 11 | Regeneron | $123,621 | $59.43 | 3 |
| 12 | St. Joseph's Health | $122,007 | $58.66 | |
| 13 | Finastra | $120,616 | $57.99 | 2 |
| 14 | CNA Insurance | $119,210 | $57.31 | |
| 15 | CenterPoint Energy | $117,821 | $56.64 | |
| 16 | Morgan Stanley | $117,373 | $56.43 | 9 |
| 17 | Lorillard Inc | $114,150 | $54.88 | |
| 18 | Northrop Grumman | $113,281 | $54.46 | 12 |
| 19 | General Atomics | $113,025 | $54.34 | 2 |
| 20 | Tenet Healthcare | $111,559 | $53.63 |
A regulatory compliance director job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a regulatory compliance director job description:
There are various strategies that you can use to find the right regulatory compliance director for your business:
To successfully recruit regulatory compliance directors, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best regulatory compliance director candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
Once that's done, you can draft an onboarding schedule for the new regulatory compliance director. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Recruiting regulatory compliance directors involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $108,049 per year for a regulatory compliance director, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for regulatory compliance directors in the US typically range between $34 and $77 an hour.