The median annual salary for compliance analysts was $91,270 in February 2024. The top 10 percent of earners made more than $149,980, while the bottom 10 percent earned less than $59,120.
What is a compliance analyst?
A compliance analyst is a professional who ensures that a company complies with relevant laws and regulations.
They do this by developing and implementing compliance policies and procedures, monitoring compliance activities, and investigating potential compliance violations.
Compliance analysts work in a variety of industries, including financial services, healthcare, and energy.
What does a compliance analyst do?
The specific duties of a compliance analyst vary depending on the industry and size of the company. However, some common tasks include:
- Developing and implementing compliance policies and procedures
- Monitoring compliance activities
- Investigating potential compliance violations
- Training employees on compliance requirements
- Reporting to senior management on compliance risks
What skills do you need to be a compliance analyst?
Compliance analysts typically have a bachelor’s degree in business, finance, or a related field. They also have strong analytical and problem-solving skills.
Additionally, compliance analysts must be able to work independently and as part of a team.
What is the job outlook for compliance analysts?
The job outlook for compliance analysts is projected to grow 10 percent from 2020 to 2030, faster than the average for all occupations.
This growth is being driven by the increasing number of regulations that businesses must comply with.
What are the career prospects for compliance analysts?
Compliance analysts with experience and expertise in a particular industry or regulatory area can advance to more senior positions, such as compliance manager or director.
Compliance analysts can also move into other areas of risk management, such as internal audit or enterprise risk management.
