Compliance Officer in Chicago, IL

Compliance Officer job description

Compliance officers need a strong working knowledge of federal and state regulatory guidelines and standards. Monitoring accounting and regulatory guidelines as they relate to financial reporting and documentation also is essential and requires compliance officers to have excellent analytical, project-management, communication and organizational skills. Compliance officers should possess knowledge of compliance standards and policies, audit techniques, regulatory issues, operations, and procedures as they relate to the organization. Candidates need a minimum of three years of experience in regulatory compliance. A bachelor’s degree in accounting, business, finance or a related field is required, and an MBA or certification such as the CPA is preferred.

Typical compliance officer duties:

Developing, implementing and managing an organization’s corporate-wide compliance with internal policies and government regulations

Assessing financial risk and developing preventive measures to address potential issues

Providing regular reports on the effectiveness of preventive measures

Advising company executives regarding potential changes in compliance program

Coordinating with federal and state regulators

Creating and coordinating proper reporting channels for compliance issues

Writing and disseminating company compliance communication

Coordinating and scheduling required compliance training for employees

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Salary for Compliance Officer in Chicago, IL

115313 - 168125

Low

115313

The candidate is new to the role or has limited experience and is still developing core skills.

Mid

145938

The candidate has moderate experience in the role or one similar, meets most requirements and may hold transferable skills or relevant certifications.

High

168125

The candidate has extensive experience in the role, demonstrates advanced skills and often brings specialized certifications or industry experience.

Projected salaries for related positions

Job title

Low

Mid

High

Chief Compliance Officer

219688

253438

296875

Compliance Director

170938

210313

248438

Compliance Manager

119063

154375

183125

Compliance Reporting Analyst

92500

109688

123125

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