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Compliance Managers are considered part of the Conventional Theme Code Category according to the Strong Interest Inventory® and its associated assessment. This inventory is a comprehensive, research-based resource that was developed to match job seekers with careers that leverage their proclivities and personal interests. First, individuals take a multi-dimensional assessment where they rate how much they would enjoy a variety of tasks, activities, subjects and more. Their responses are analyzed and compared to the responses of other professionals who have found success and happiness within their longstanding career. Based on the results of the comparison, the job seeker is directed to at least one of six Theme Code Categories that each contain a multitude of associated job titles. Conventional careers, for example, generally attract detail-oriented individuals who prefer structured, organized workplace environments.

Compliance Manager Salary

Read about a career as a Compliance Manager including information such as a Compliance Manager Salary, daily tasks and other career information.

Compliance Managers are responsible for making sure their companies comply with any applicable local, state, or federal regulations. They identify any issues that require follow-up or investigation and also report any relevant violations of compliance or regulatory standards to appropriate enforcement agencies. Issues may come to light through period inspections, audits, or other ways of monitoring compliance systems, as well as through employees who may report a breach. Any possible violations or investigations are carefully documented so they can be referenced at a later date as needed.

Compliance Managers work to avoid possible lawsuits before the issues fully develop. For example, they need to stay informed of any industry changes or best practices, and then discuss or publicize emerging compliance issues to ensure that management and employees are aware of the most current best practices. One way of publicizing new developments is by creating and implementing corporate training programs. They may also serve as a confidential point of contact for employees who may have questions or need support resolving complex situations. In some cases, they may even need to consult with corporate attorneys to address more difficult compliance issues. In case of an external audit, Compliance Mangers may serve as a liaison between internal and external auditors and internal management. They may also need to involve Human Resources or other relevant departments to ensure that a complete audit is conducted as well as to implement disciplinary action as needed in case of compliance standard violations.

Compliance Managers primarily use standard office equipment, including computers, conferencing systems, printers, fax machines, and the like. However, they may need many different kinds of software, including standard office software (e.g., Microsoft Office Suite, software for scheduling, email, and internet access). In addition, they also use software for specialized purposes, including compliance (e.g., Actimize Brokerage Compliance Solutions; MetricStream Enterprise Compliance Platform), database management and reporting software (e.g., SAP BEx Report Designer), information retrieval software (e.g., LexisNexis), and tax preparation software. The exact tools and technology used may vary depending on one’s industry and place of employment.

In addition to these technical skills, Compliance Managers also need a working knowledge of law and government, administration and management, and the English language. They must be able to communicate quickly and comfortably in written and spoken English and being multilingual can be useful in certain parts of the country as well. A knowledge of human relations and customer service may also be helpful. Most Compliance Managers develop these abilities in college—63% hold a bachelor’s degree, while 14% hold a master’s degree. Less than 10% of Compliance Managers have a high school diploma as their highest level of education.

The median Compliance Manager Salary is $107,480 in the United States, though that wage can vary widely from state to state. While the median in large, densely populated states like California, Virginia, and Maryland is around $130,000, the median in more rural states like West Virginia and Indiana is closer to $65,000. The national median is high because of the distribution of employment. California, New York, Florida, and Virginia employ the most Compliance Managers, and they are all growing at rates over 10%. Collectively, these states alone are expected to add over 15,000 jobs between them each year over the next decade.

 

Below are some employment trends for Compliance Managers:

  • Compliance Manager Salary: $51.67/hour; $107,480 annually
  • Employment: 1,080,000 employees • Projected growth (2018-2028): Average (4% to 6%)
  • Projected job openings (2018-2028): 91,300
[Information retrieved from Bureau of Labor Statistics wage data and 2018-2028 employment projections]

 

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Gain access to your best-fit careers, occupational preferences and interests with these career based Strong Interest Inventory® and MBTI® Assessments:

  • Strong Interest Inventory® & MBTI® Combined Career Report + Strong College Edition Profile

    $84.95 Add to cart

    Choose a college major that works best with your interests, and then plan a rewarding career to follow your college career.

    You’ll start college off right with knowledge on applying your interests and preferences to college majors and receive a detailed depiction of how your ideal career will mature if you work toward success. With the Strong Interest Inventory® & MBTI® Combined Career Report and the Strong College Edition Profile, you’ll set yourself up for success throughout college and into your career after graduation.

    Download sample Strong Interest Inventory® & MBTI® Combined Career Report + Strong College Profile

  • Strong Interest Inventory® & MBTI® Combined Career Report + Strong College Edition Profile

    $84.95 Add to cart

    Choose a college major that works best with your interests, and then plan a rewarding career to follow your college career.

    You’ll start college off right with knowledge on applying your interests and preferences to college majors and receive a detailed depiction of how your ideal career will mature if you work toward success. With the Strong Interest Inventory® & MBTI® Combined Career Report and the Strong College Edition Profile, you’ll set yourself up for success throughout college and into your career after graduation.

    Download sample Strong Interest Inventory® & MBTI® Combined Career Report + Strong College Profile

  • Strong Interest Inventory® Interpretive Report

    $62.50 Add to cart

    Delve deeper into what your interests, hobbies, favorite topics, and locations can mean for your career and personal life with the help of this extensive and personalized Strong profile.

    Your Strong Interest Inventory® Interpretive Report starts with the same foundational information found in the Strong Interest Inventory Profile, but goes even further into analyzing your likes and dislikes by offering you a detailed look at how following your interests and preferences can help you lead a more fulfilling, satisfied life. The report presents you with the closest matched occupations for people with your interests, an in-depth breakdown of certain areas matched to your Strong Interest Inventory test results, and insight into your likes and dislikes.

    Download sample Strong Interest Inventory® Interpretive Report

  • Strong Interest Inventory® Profile

    $52.50 Add to cart

    Mold your future success by choosing a career that accurately reflects your interests, preferences,  favorite topics as well as your likes and dislikes with the help of this profile.

    Direct your future based on what you like and enjoy, providing you with a happier, more fulfilling life and career. The Strong Interest Inventory® Profile uses an extensive analysis of your interests and preferences to guide you towards a career that best suits who you are on a personal level. Depending on your likes and dislikes compared to others in specified fields, you may find a fulfilling career previously unthought-of, helping guide you down the road to success and happiness.

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  • Strong Interest Inventory® & Skills Confidence Profile + Strong Interpretive Report

    $72.50 Add to cart

    Discover your interests and preferences as well as your confidence in your abilities to use these interests to your advantage.

    Your strengths, interests, and preferences, when understood and well known, can lead you toward a successful and satisfying career. With this custom package, you’ll learn which occupations, strengths, and skills work best with your likes and dislikes and how confident you are in your ability to fulfill the needs of certain occupations, allowing you to formulate a career path that you’ll enjoy for years to come with the help of the Strong Interest Inventory test.

    Download sample Strong Interest Inventory® & Skills Confidence Profile + Strong Interpretive Report

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    iStartStrong™ Report

    $39.95 Add to cart

    Plan your future career based on your interests and preferences, leading you down the path to a successful work and personal life.

    Use your interests, preferences, and favorite subjects and leisure activities to assess which career or career field works best with who you are and what you like. Through the web-interactive and thorough iStartStrong™ report, you’ll get set off on the right foot toward finding a career that you’ll enjoy for years to come.

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References

  1. Bureau of Labor Statistics wage data and 2018-2028 employment projections Onetonline.org