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Senior compliance analyst hiring summary. Here are some key points about hiring senior compliance analysts in the United States:
Here's a step-by-step senior compliance analyst hiring guide:
A senior compliance analyst is an individual who is responsible for ensuring an organization's projects, practices, and policies conform to all relevant laws and regulations. Senior compliance analysts are required to work with a team of legal researchers to help the organization adjusts its policies and practices for compliance with new laws. To avoid facing scrutiny from government auditors, senior analysts must review the organization's policies to enhance compliance and improve efficiency. They also assist the organization in obtaining permits from federal or state agencies before launching projects or programs.
Before you post your senior compliance analyst job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a senior compliance analyst for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a senior compliance analyst 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 senior compliance analyst that fits the bill.
This list presents senior compliance analyst salaries for various positions.
| Type of Senior Compliance Analyst | Description | Hourly rate |
|---|---|---|
| Senior Compliance Analyst | $25-53 | |
| Analyst | Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more | $25-47 |
| Risk Analyst | As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions... Show more | $28-53 |
Including a salary range in your senior compliance analyst job description is one of the best ways to attract top talent. A senior compliance analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $110,294 | $53 |
| 2 | New Jersey | $103,434 | $50 |
| 3 | Massachusetts | $90,720 | $44 |
| 4 | New York | $90,400 | $43 |
| 5 | Washington | $87,369 | $42 |
| 6 | District of Columbia | $87,025 | $42 |
| 7 | Connecticut | $84,572 | $41 |
| 8 | Nevada | $83,012 | $40 |
| 9 | Virginia | $82,191 | $40 |
| 10 | Pennsylvania | $81,292 | $39 |
| 11 | Ohio | $80,261 | $39 |
| 12 | Maryland | $78,320 | $38 |
| 13 | Illinois | $78,120 | $38 |
| 14 | Michigan | $77,600 | $37 |
| 15 | Minnesota | $76,032 | $37 |
| 16 | Nebraska | $74,244 | $36 |
| 17 | North Carolina | $71,801 | $35 |
| 18 | Arizona | $70,987 | $34 |
| 19 | Texas | $70,041 | $34 |
| 20 | Iowa | $68,765 | $33 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Bunge | $116,533 | $56.03 | 1 |
| 2 | Frost Bank | $108,164 | $52.00 | |
| 3 | Ziff Davis | $106,014 | $50.97 | |
| 4 | Wind River | $105,493 | $50.72 | |
| 5 | Nalco Holding Company | $103,263 | $49.65 | |
| 6 | Western Alliance Bank | $103,158 | $49.60 | 14 |
| 7 | Square | $102,865 | $49.45 | |
| 8 | Thomson Reuters | $102,686 | $49.37 | 13 |
| 9 | Exelixis | $102,226 | $49.15 | 2 |
| 10 | Visa | $100,431 | $48.28 | 12 |
| 11 | Citi | $99,881 | $48.02 | 4 |
| 12 | Bloom Energy | $99,764 | $47.96 | 3 |
| 13 | Stryker | $98,826 | $47.51 | 1 |
| 14 | ServiceNow | $98,826 | $47.51 | |
| 15 | eBay | $98,509 | $47.36 | 1 |
| 16 | AIG | $98,398 | $47.31 | 9 |
| 17 | Koch Industries | $98,143 | $47.18 | |
| 18 | Zendesk | $98,043 | $47.14 | |
| 19 | BNY Mellon | $97,971 | $47.10 | 10 |
| 20 | PepsiCo | $97,631 | $46.94 |
A senior compliance analyst 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. Below, you can find an example of a senior compliance analyst job description:
There are various strategies that you can use to find the right senior compliance analyst for your business:
During your first interview to recruit senior compliance analysts, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect senior compliance analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Hiring a senior compliance analyst comes with both the one-time cost per hire and ongoing costs. The cost of recruiting senior compliance analysts involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of senior compliance analyst recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $77,681 per year for a senior compliance analyst, 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 senior compliance analysts in the US typically range between $25 and $53 an hour.