Compliance Vice President, Lending Salary at Bank Of Rantoul BETA
How much does a Bank Of Rantoul Compliance Vice President, Lending make?
As of March 2025, the average annual salary for a Compliance Vice President, Lending at Bank Of Rantoul is $137,309, which translates to approximately $66 per hour. Salaries for Compliance Vice President, Lending at Bank Of Rantoul typically range from $124,260 to $150,830, reflecting the diverse roles within the company.
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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What Skills Does a person Need at Bank Of Rantoul?
At Bank Of Rantoul, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
- Internal Audit: Internal auditing is an independent, objective assurance and consulting activity designed to add value to and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Internal auditing achieves this by providing insight and recommendations based on analyses and assessments of data and business processes. With commitment to integrity and accountability, internal auditing provides value to governing bodies and senior management as an objective source of independent advice. Professionals called internal auditors are employed by organizations to perform the internal auditing activity. The scope of internal auditing within an organization is broad and may involve topics such as an organization's governance, risk management and management controls over: efficiency/effectiveness of operations (including safeguarding of assets), the reliability of financial and management reporting, and compliance with laws and regulations. Internal auditing may also involve conducting proactive fraud audits to identify potentially fraudulent acts; participating in fraud investigations under the direction of fraud investigation professionals, and conducting post investigation fraud audits to identify control breakdowns and establish financial loss.
- Internal control: Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
- Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
- Auditing: Auditing refers to the independent examination of financial information of any entity whether profit oriented or not. It is a safeguard measure that prevents corruption.
- Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
Related Jobs
Check more jobs information at Bank Of Rantoul
| Job Title | Average Bank Of Rantoul Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Customer Service Officer | $48,546 | $23 |
| 3 | Executive Vice President | $247,314 | $119 |
| 4 | Assistant VP, Operation | $136,788 | $66 |
| 5 | Chief Compliance Officer | $190,195 | $91 |
| 6 | Secretary | $181,284 | $87 |
| 7 | Teller | $27,933 | $13 |
| 8 | Vice President, Lending | $137,652 | $66 |
| 9 | Operations Officer | $89,438 | $43 |
| 10 | Senior Vice President | $166,333 | $80 |
| 11 | Vice President, Internal Audit | $218,407 | $105 |
Hourly Pay at Bank Of Rantoul
FAQ about Salary and Jobs at Bank Of Rantoul
The average hourly pay is $66. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $150,830 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $124,260 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.