How much does a Compliance Manager make in Maryland? The average Compliance Manager salary in Maryland is $132,097 as of February 26, 2024, but the range typically falls between $115,883 and $151,899. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Compliance Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Compliance Manager Salary $101,121 MD February 26, 2024
25th Percentile Compliance Manager Salary $115,883 MD February 26, 2024
50th Percentile Compliance Manager Salary $132,097 MD February 26, 2024
75th Percentile Compliance Manager Salary $151,899 MD February 26, 2024
90th Percentile Compliance Manager Salary $169,928 MD February 26, 2024
25% $115,883 10% $101,121 90% $169,928 75% $151,899 $132,097 50%(Median) Didn’t find job title? Click
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What skills does a Compliance Manager need?

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.

Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

2.

Risk Assessment: Broadly speaking, a risk assessment is the combined effort of: identifying and analyzing potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. risk analysis); and making judgments "on the tolerability of the risk on the basis of a risk analysis" while considering influencing factors (i.e. risk evaluation).Put in simpler terms, a risk assessment analyzes what can go wrong, how likely it is to happen, what the potential consequences are, and how tolerable the identified risk is. As part of this process, the resulting determination of risk may be expressed in a quantitative or qualitative fashion. The risk assessment is an inherent part of an overall risk management strategy, which attempts to, after a risk assessment, "introduce control measures to eliminate or reduce" any potential risk-related consequences.

3.

Financial Services: A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.

Leadership 5.97%
Risk Assessment 2.1%
Financial Services 1.35%
Others 90.58%

Job Description for Compliance Manager

Compliance Manager manages the compliance programs, policies, reporting, and practices for an organization or business. Ensures that all activities follow regulatory requirements related to the governance of the organization as well as any industry-specific or location-specific laws. Being a Compliance Manager oversees internal controls and auditing systems that monitor and report on regulated activities and processes. Implements risk-based compliance testing of existing procedures and controls to identify, detect, and correct noncompliance. Additionally, Compliance Manager evaluates and implements changes to compliance processes due to new or amended regulations. Delivers communication and training initiatives that inform stakeholders about compliance requirements. Requires a bachelor's degree or equivalent. Typically reports to a director. The Compliance Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Compliance Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Compliance Manager in Maryland

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Location Avg. Salary Date Updated
Location Dundalk, MD Avg. Salary $131,705 Date Updated February 26, 2024
Location Abell, MD Avg. Salary $141,980 Date Updated February 26, 2024
Location Aberdeen, MD Avg. Salary $129,330 Date Updated February 26, 2024
Location Aberdeen Proving Ground, MD Avg. Salary $130,054 Date Updated February 26, 2024
Location Abingdon, MD Avg. Salary $129,326 Date Updated February 26, 2024
Location Accident, MD Avg. Salary $117,561 Date Updated February 26, 2024
Location Accokeek, MD Avg. Salary $142,364 Date Updated February 26, 2024
Location Adamstown, MD Avg. Salary $139,251 Date Updated February 26, 2024
Location Allen, MD Avg. Salary $136,202 Date Updated February 26, 2024
Location Andrews Air Force Base, MD Avg. Salary $142,577 Date Updated February 26, 2024

Career Path for Compliance Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Compliance Manager, the first career path typically starts with a Compliance Manager, Senior position, and then progresses to Compliance Director.

Additionally, the second career path typically progresses to Compliance Investigation Manager.

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Jobs with a similar salary range to Compliance Manager : Program Executive, Regional Compliance Manager, Hr Compliance Manager

Compliance Manager Salary in Maryland
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