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The differences between regulatory compliance specialists and compliance auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a compliance auditor has an average salary of $64,606, which is higher than the $63,073 average annual salary of a regulatory compliance specialist.
The top three skills for a regulatory compliance specialist include risk assessments, regulatory compliance and regulatory agencies. The most important skills for a compliance auditor are audit findings, compliance audits, and audit reports.
| Regulatory Compliance Specialist | Compliance Auditor | |
| Yearly salary | $63,073 | $64,606 |
| Hourly rate | $30.32 | $31.06 |
| Growth rate | - | 6% |
| Number of jobs | 22,563 | 33,704 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 63% |
| Average age | 46 | 44 |
| Years of experience | 4 | - |
A regulatory compliance specialist job is to ensure that organizations conform to industry standards, specifications, regulations, and laws. They review operating practices, make and enforce compliance plans, and perform regulatory possible risk management. They may be employed as consultants or hired by an organization. They will review documentation, coordinating regulatory compliance procedures across organizations, collaborating with stakeholders, internal and external, on issues related to compliance, and performing audits. In addition, this job requires extensive experience in regulatory compliance and profound industry knowledge.
A compliance auditor is responsible for reviewing the company's policies and procedures, ensuring the organization's adherence to state and federal regulations. Compliance auditors inspect the operations of each department, adjusting internal guidelines as needed. They also inspect the condition of all facilities, including tools and equipment, network systems, and business operations. A compliance auditor mitigates risks by analyzing the operational processes and conducting a risk assessment study to prevent compliance issues that may pose a negative effect on the company's performance and stability.
Regulatory compliance specialists and compliance auditors have different pay scales, as shown below.
| Regulatory Compliance Specialist | Compliance Auditor | |
| Average salary | $63,073 | $64,606 |
| Salary range | Between $42,000 And $93,000 | Between $45,000 And $92,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Microsoft | PayPal |
| Best paying industry | Health Care | Finance |
There are a few differences between a regulatory compliance specialist and a compliance auditor in terms of educational background:
| Regulatory Compliance Specialist | Compliance Auditor | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | Harvard University | University of Pennsylvania |
Here are the differences between regulatory compliance specialists' and compliance auditors' demographics:
| Regulatory Compliance Specialist | Compliance Auditor | |
| Average age | 46 | 44 |
| Gender ratio | Male, 42.5% Female, 57.5% | Male, 38.9% Female, 61.1% |
| Race ratio | Black or African American, 11.1% Unknown, 4.5% Hispanic or Latino, 15.3% Asian, 8.1% White, 60.3% American Indian and Alaska Native, 0.8% | Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.2% White, 64.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 7% |