As the senior compliance specialist, you will be responsible for ensuring and promoting relevant compliance programs across the organization. You'll help review and resolve compliance issues from various sources, including government agencies. You'll oversee the proper application of compliance and regulatory policies and procedures. Asides from that, you'll help with the various initiatives of the organization and contribute to the improvement of client experience. Additionally, you'll help implement procedures for monitoring and testing compliance in the organization. Also, you'll develop metrics, monitor reports, and inform management of compliance activities.

For this position, you need a minimum of a bachelor's degree in a relevant field. You must have at least two years of experience in a similar position. Essential skills are communication, problem-solving, multitasking, and analytical skills. You must be proficient in Microsoft Office. Senior compliance specialists make an average salary of $88,952 per year. This ranges between $68,000 and $116,000.

What Does a Senior Compliance Specialist Do

When it comes to the most important skills required to be a senior compliance specialist, we found that a lot of resumes listed 14.6% of senior compliance specialists included procedures, while 10.9% of resumes included regulatory agencies, and 6.4% of resumes included internal audit. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

Learn more about what a Senior Compliance Specialist does

How To Become a Senior Compliance Specialist

If you're interested in becoming a senior compliance specialist, one of the first things to consider is how much education you need. We've determined that 69.3% of senior compliance specialists have a bachelor's degree. In terms of higher education levels, we found that 12.1% of senior compliance specialists have master's degrees. Even though most senior compliance specialists have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Senior Compliance Specialist

Senior Compliance Specialist Career Paths

Average Salary for a Senior Compliance Specialist

Senior Compliance Specialists in America make an average salary of $71,381 per year or $34 per hour. The top 10 percent makes over $105,000 per year, while the bottom 10 percent under $48,000 per year.
Average Senior Compliance Specialist Salary
$71,381 Yearly
$34.32 hourly
$48,000
10 %
$71,000
Median
$105,000
90 %

What Am I Worth?

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Senior Compliance Specialist Education

Senior Compliance Specialist Majors

30.0 %
6.9 %

Senior Compliance Specialist Degrees

Bachelors

69.3 %

Masters

12.1 %

Associate

8.6 %

Top Colleges for Senior Compliance Specialists

1. Harvard University

Cambridge, MA • Private

In-State Tuition
$50,420
Enrollment
7,582

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. University of Michigan - Ann Arbor

Ann Arbor, MI • Private

In-State Tuition
$15,262
Enrollment
30,079

4. Western Carolina University

Cullowhee, NC • Private

In-State Tuition
$3,926
Enrollment
9,835

5. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

6. University of North Carolina at Chapel Hill

Chapel Hill, NC • Private

In-State Tuition
$8,987
Enrollment
18,946

7. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

8. Duke University

Durham, NC • Private

In-State Tuition
$55,695
Enrollment
6,596

9. Pennsylvania State University

University Park, PA • Private

In-State Tuition
$18,454
Enrollment
40,108

10. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

Top Skills For a Senior Compliance Specialist

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Senior Compliance Specialist Demographics

Senior Compliance Specialist Gender Distribution

Female
Female
57%
Male
Male
43%

After extensive research and analysis, Zippia's data science team found that:

  • Among senior compliance specialists, 57.1% of them are women, while 42.9% are men.

  • The most common race/ethnicity among senior compliance specialists is White, which makes up 63.0% of all senior compliance specialists.

  • The most common foreign language among senior compliance specialists is Spanish at 51.2%.

Online Courses For Senior Compliance Specialist That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
Regulatory Compliance
coursera

Every organization faces a myriad of risks that can threaten its operations, reputation, and bottom line. A robust, effective compliance program can make the difference between companies that successfully navigate those risks, and those that become cautionary tales.\n\nThis specialization will introduce the essential elements of effective organizational compliance by exploring the concepts, considerations, and strategies for assessing risks and managing the compliance function. You will learn th...

What is Compliance?
coursera

Compliance isn't only about preventing problems and ensuring that everyone is abiding by laws, rules, and regulations. It's also about the positive impact a robust and ethical compliance program can have on a business or organization. In this course we will discuss why compliance is important - from the needs facing businesses in highly regulated industries to avoiding fines and penalties to preventing reputational and economic nightmares. We'll examine real-world examples of compliance and gove...

AML Essentials: Anti Money Laundering, KYC and Compliance
udemy
4.5
(419)

Learn the Basics of Money Laundering, AML, Risk Based Approach, AML Compliance Programs, KYC, CDD, EDD, PEP, and more!...

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Best States For a Senior Compliance Specialist

Some places are better than others when it comes to starting a career as a senior compliance specialist. The best states for people in this position are California, Delaware, Connecticut, and Rhode Island. Senior compliance specialists make the most in California with an average salary of $93,798. Whereas in Delaware and Connecticut, they would average $92,553 and $89,612, respectively. While senior compliance specialists would only make an average of $86,184 in Rhode Island, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Delaware

Total Senior Compliance Specialist Jobs:
123
Highest 10% Earn:
$136,000
Location Quotient:
1.29 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. California

Total Senior Compliance Specialist Jobs:
2,588
Highest 10% Earn:
$145,000
Location Quotient:
1.16 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Connecticut

Total Senior Compliance Specialist Jobs:
226
Highest 10% Earn:
$131,000
Location Quotient:
0.9 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Senior Compliance Specialists

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Top Senior Compliance Specialist Employers

Most Common Employers For Senior Compliance Specialist

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Medtronic$98,339$47.2814
2Investors Bank$92,440$44.449
3SITA$90,403$43.468
4Ernst & Young$90,254$43.3910
5Sanofi Genzyme$88,888$42.7323
6Merck$86,922$41.796
7Pfizer$84,267$40.518
8Capital One$83,446$40.126
9Bank of America$82,737$39.7815
10Wells Fargo$81,525$39.199

Senior Compliance Specialist Videos