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.
There is more than meets the eye when it comes to being a senior compliance specialist. For example, did you know that they make an average of $34.13 an hour? That's $70,994 a year!
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.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the senior compliance specialist job title. But what industry to start with? Most senior compliance specialists actually find jobs in the finance and health care industries.
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.
Choosing the right major is always an important step when researching how to become a senior compliance specialist. When we researched the most common majors for a senior compliance specialist, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on senior compliance specialist resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a senior compliance specialist. In fact, many senior compliance specialist jobs require experience in a role such as compliance specialist. Meanwhile, many senior compliance specialists also have previous career experience in roles such as compliance analyst or administrative assistant.