CIP Specialist Salary at Salem Five BETA

How much does a Salem Five CIP Specialist make?

As of April 2025, the average annual salary for a CIP Specialist at Salem Five is $83,545, which translates to approximately $40 per hour. Salaries for CIP Specialist at Salem Five typically range from $73,660 to $95,526, 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.

Salem Five Overview

Website:
salemfive.com
Size:
500 - 1,000 Employees
Revenue:
$200M - $500M
Industry:
Financial Services

Salem Five was founded in 1855. This company provides banking and investment services. Their headquarters are located in Salem, MA.

See similar companies related to Salem Five

What Skills Does a person Need at Salem Five?

At Salem Five, 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.

  1. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  2. Regulatory Compliance: Monitoring strict adherence of all organizational processes and procedures to applicable laws and regulations.
  3. 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.
  4. AML: Anti-money laundering (AML) refers to laws and regulations intended to stop criminals from disguising illegally obtained funds as legitimate income.
  5. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.

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Check more jobs information at Salem Five

Job Title Average Salem Five Salary Hourly Rate
2 Account Executive $86,421 $42
3 Assistant Manager $115,124 $55
4 Assistant Vice President $72,330 $35
5 Branch Manager $83,973 $40
6 Business Development Specialist $121,418 $58
7 Cash Management Analyst $180,170 $87
8 Claims Representative $53,097 $26
9 Client Services Consultant $69,715 $34
10 Commercial Lines Account Executive $192,881 $93
11 Commercial Loan Analyst $64,292 $31
12 Compliance Specialist $124,516 $60

Hourly Pay at Salem Five

The average hourly pay at Salem Five for a CIP Specialist is $40 per hour. The location, department, and job description all have an impact on the typical compensation for Salem Five positions. The pay range and total remuneration for the job title are shown in the table below. Salem Five may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $83,545 look to you?

FAQ about Salary and Jobs at Salem Five

1. How much does Salem Five pay per hour?
The average hourly pay is $40. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Salem Five?
According to the data, the highest approximate salary is about $95,526 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Salem Five?
According to the data, the lowest estimated salary is about $73,660 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
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.