How much does a Compliance Specialist I make in the United States? The average Compliance Specialist I salary in the United States is $64,542 as of June 27, 2024, but the range typically falls between $58,173 and $72,835. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Compliance Specialist I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Compliance Specialist I Salary $52,375 US June 27, 2024
25th Percentile Compliance Specialist I Salary $58,173 US June 27, 2024
50th Percentile Compliance Specialist I Salary $64,542 US June 27, 2024
75th Percentile Compliance Specialist I Salary $72,835 US June 27, 2024
90th Percentile Compliance Specialist I Salary $80,386 US June 27, 2024
25% $58,173 10% $52,375 90% $80,386 75% $72,835 $64,542 50%(Median) Didn’t find job title? Click
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What skills does a Compliance Specialist I 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.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

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.

3.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

Customer Service 4.85%
Internal Audit 1.37%
Futures 1.15%
Others 92.63%
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Job Description for Compliance Specialist I

Compliance Specialist I supports the development and implementation of compliance programs, policies, reporting, and practices for an organization or business. Monitors activities impacted by regulatory requirements related to the organization's governance and any industry-specific or location-specific laws. Being a Compliance Specialist I utilizes established internal controls and auditing systems to identify, detect, and correct noncompliance. Implements changes to compliance processes due to new or amended regulations. Additionally, Compliance Specialist I prepares and updates communication materials. Assists with training initiatives that inform stakeholders about compliance requirements. Requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Compliance Specialist I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Compliance Specialist I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Compliance Specialist I

Career Path for Compliance Specialist I

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 Specialist I, the first career path typically starts with a Compliance Specialist II position, and then Compliance Specialist IV.

The second career path typically starts with a Compliance Investigator position, and then progresses to Compliance Investigation Manager.

Additionally, the third career path typically progresses to Compliance Reporting Senior Coordinator.

Those that have already made the climb...
David J. Campbell, General Counsel and Secretary
Silvercrest Asset Management Group Inc., a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors. It also manages f... More
Fiscal Year Ended in 2021
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Compliance Specialist I salary varies from city to city. Compared with national average salary of Compliance Specialist I, the highest Compliance Specialist I salary is in San Francisco, CA, where the Compliance Specialist I salary is 25.0% above. The lowest Compliance Specialist I salary is in Miami, FL, where the Compliance Specialist I salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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Understand the total compensation opportunity for a Compliance Specialist I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
58173
72835
64542

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
59277
75485
66242
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Compliance Specialist I in the United States. The base salary for Compliance Specialist I ranges from $58,173 to $72,835 with the average base salary of $64,542. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $59,277 to $75,485 with the average total cash compensation of $66,242.
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58173
72835

 

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Skills associated with Compliance Specialist I: Compliance Risk Assessment, Sarbanes-Oxley Compliance, Ethics Oversight, Internal Controls ...More

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Salary estimation for Compliance Specialist I at companies like : Donato Holding Company LLC, Illustris Pharmaceuticals Inc, Teamsters Local Union 986

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Compliance Specialist I Salary in United States
Compliance Specialist I Salary Graph, Regional Distribution and Summary