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The differences between regulatory compliance managers and heads of ethics and compliance can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a regulatory compliance manager and a head of ethics and compliance. Additionally, a head of ethics and compliance has an average salary of $132,706, which is higher than the $102,841 average annual salary of a regulatory compliance manager.
The top three skills for a regulatory compliance manager include oversight, regulatory risk and CMS. The most important skills for a head of ethics and compliance are risk management, oversight, and compliance risk.
| Regulatory Compliance Manager | Head Of Ethics And Compliance | |
| Yearly salary | $102,841 | $132,706 |
| Hourly rate | $49.44 | $63.80 |
| Growth rate | - | - |
| Number of jobs | 25,474 | 23,686 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 55% |
| Average age | 47 | 47 |
| Years of experience | 4 | 4 |
A regulatory compliance manager is responsible for evaluating the company's processes and procedures, ensuring that everything adheres to the internal guidelines and state regulations. Regulatory compliance managers write reports of observational findings, conducting audits on policies, and taking disciplinary actions for violations. They also facilitate regulatory training and programs to inform the employees of the company's procedures to avoid hazards and complications in the workplace. A regulatory compliance manager analyzes incident reports and complaints statements, resolving compliance issues immediately to avoid further reputational damage for the company.
A company's head of ethics and compliance is in charge of implementing policies and regulations to ensure a safe and efficient work environment. They typically manage staff, set department goals and timelines, establish guidelines and protocols, and develop strategies to optimize operations. As the head of ethics and compliance, it is their responsibility to spearhead inspections to ensure company procedures comply with the government standards and regulations, investigate violations and workplace incidents, and implement solutions to resolve issues and concerns.
Regulatory compliance managers and heads of ethics and compliance have different pay scales, as shown below.
| Regulatory Compliance Manager | Head Of Ethics And Compliance | |
| Average salary | $102,841 | $132,706 |
| Salary range | Between $68,000 And $153,000 | Between $88,000 And $198,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | McKinsey & Company Inc | - |
| Best paying industry | Professional | - |
There are a few differences between a regulatory compliance manager and a head of ethics and compliance in terms of educational background:
| Regulatory Compliance Manager | Head Of Ethics And Compliance | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 55% |
| Most common major | Business | Law |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between regulatory compliance managers' and heads of ethics and compliance' demographics:
| Regulatory Compliance Manager | Head Of Ethics And Compliance | |
| Average age | 47 | 47 |
| Gender ratio | Male, 54.5% Female, 45.5% | Male, 66.4% Female, 33.6% |
| Race ratio | Black or African American, 7.7% Unknown, 4.7% Hispanic or Latino, 12.9% Asian, 9.0% White, 65.1% American Indian and Alaska Native, 0.7% | Black or African American, 7.5% Unknown, 4.7% Hispanic or Latino, 12.6% Asian, 8.9% White, 65.6% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 10% | 10% |