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Senior compliance specialist vs audit specialist

The differences between senior compliance specialists and audit specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior compliance specialist has an average salary of $71,381, which is higher than the $58,291 average annual salary of an audit specialist.

The top three skills for a senior compliance specialist include risk assessments, regulatory compliance and regulatory agencies. The most important skills for an audit specialist are audit reports, patients, and customer service.

Senior compliance specialist vs audit specialist overview

Senior Compliance SpecialistAudit Specialist
Yearly salary$71,381$58,291
Hourly rate$34.32$28.02
Growth rate-6%
Number of jobs23,45640,071
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 55%
Average age4644
Years of experience--

What does a senior compliance specialist do?

A senior compliance specialist is responsible for overseeing business functions and operational processes to ensure that each policy adheres to standard regulations and internal guidelines. Senior compliance specialists inspect the condition of facilities and equipment to prevent potential hazards and operational delays. They also review and resolve incident reports and recommend solutions to minimize risks and maximize productivity in the workplace. A senior compliance specialist plans and facilitates safety training and programs for the employees and reiterate safety policies for strict compliance.

What does an audit specialist do?

An audit specialist is responsible for evaluating the reports by a professional auditor that will assist in improving the growth of the organization to achieve its goals and objectives. Audit specialists aid in the development of the company by using a systematic approach to reach the goals set by the company. Primary responsibilities include operating complex and difficult audit projects and conducting audits of control, financial, and other operating records. Also, they develop, implement distinct audit strategies, programs, and procedures for intricate assignments.

Senior compliance specialist vs audit specialist salary

Senior compliance specialists and audit specialists have different pay scales, as shown below.

Senior Compliance SpecialistAudit Specialist
Average salary$71,381$58,291
Salary rangeBetween $48,000 And $105,000Between $34,000 And $99,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaCalifornia
Best paying companyGenentechSAP
Best paying industryHealth CareProfessional

Differences between senior compliance specialist and audit specialist education

There are a few differences between a senior compliance specialist and an audit specialist in terms of educational background:

Senior Compliance SpecialistAudit Specialist
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common collegeHarvard UniversityUniversity of Pennsylvania

Senior compliance specialist vs audit specialist demographics

Here are the differences between senior compliance specialists' and audit specialists' demographics:

Senior Compliance SpecialistAudit Specialist
Average age4644
Gender ratioMale, 42.9% Female, 57.1%Male, 33.7% Female, 66.3%
Race ratioBlack or African American, 11.1% Unknown, 4.5% Hispanic or Latino, 15.5% Asian, 8.1% White, 60.0% American Indian and Alaska Native, 0.8%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage12%7%

Differences between senior compliance specialist and audit specialist duties and responsibilities

Senior compliance specialist example responsibilities.

  • Assure appropriate licenses are achieve or payments are stop or not allow for any transaction with a possible OFAC issue.
  • Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
  • Ensure employee compliance with the healthcare compliance and business ethics policies and guidelines.
  • Arrange HIPAA training for all levels of management, associates and sales staff working with training staff
  • Provide leadership, guidance, support, mentoring, and training for junior level ethics specialist and employee relations specialists.
  • Analyze and review CAPA records ensuring accurate representation of the depth of investigation conduct.
  • Show more

Audit specialist example responsibilities.

  • Manage vendor billing disputes for southwestern region from initiation to documentation of resolution while ensuring compliance with SOX guidelines.
  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Review and verify the submitted documentation for completeness to verify the company is in compliance with Sarbanes-Oxley (SOX).
  • Coordinate delivery of mortgage back securities with internal and external stakeholders.
  • Monitor and maintain automated report generation and distribution via Cognos NoticeCast.
  • Prepare monthly incentive payment and quarterly incentive bonus data for payroll department.
  • Show more

Senior compliance specialist vs audit specialist skills

Common senior compliance specialist skills
  • Risk Assessments, 6%
  • Regulatory Compliance, 5%
  • Regulatory Agencies, 5%
  • Internal Audit, 5%
  • HIPAA, 4%
  • Compliance Program, 4%
Common audit specialist skills
  • Audit Reports, 11%
  • Patients, 8%
  • Customer Service, 7%
  • Internal Audit, 6%
  • Audit Findings, 5%
  • Process Improvement, 4%

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