How much does a Compliance Specialist III make in the United States? The average Compliance Specialist III salary in the United States is $95,730 as of February 26, 2024, but the range typically falls between $84,669 and $107,346. 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 III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Compliance Specialist III Salary $74,598 US February 26, 2024
25th Percentile Compliance Specialist III Salary $84,669 US February 26, 2024
50th Percentile Compliance Specialist III Salary $95,730 US February 26, 2024
75th Percentile Compliance Specialist III Salary $107,346 US February 26, 2024
90th Percentile Compliance Specialist III Salary $117,921 US February 26, 2024
25% $84,669 10% $74,598 90% $117,921 75% $107,346 $95,730 50%(Median) Didn’t find job title? Click
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Check out Compliance Specialist jobs in Ashburn, Virginia

Compliance Specialist (Tax Credit, bilingual Spanish)

Edgewood Management Corporation - Fairfax, VA

Senior Recruiting Specialist

Blueprint Staffing - Fairfax, VA

Admin/508 Specialist - VA OIT

WCTS (Worldwide Counter Threat Solutions) - Fredericksburg, VA

What skills does a Compliance Specialist III 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.

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.

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.

Risk Management 2.89%
Internal Audit 0.75%
Futures 0.66%
Others 95.7%

Job Description for Compliance Specialist III

Compliance Specialist III 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 III 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 III 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 III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Compliance Specialist III typically requires 4-7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Compliance Specialist III

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 III, the first career path typically starts with a Compliance Specialist IV position, and then progresses to Compliance Specialist V.

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

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 III salary varies from city to city. Compared with national average salary of Compliance Specialist III, the highest Compliance Specialist III salary is in San Francisco, CA, where the Compliance Specialist III salary is 25.0% above. The lowest Compliance Specialist III salary is in Miami, FL, where the Compliance Specialist III salary is 2.9% 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
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

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

Average Base Salary

Core compensation

 
 
 
84669
107346
95730

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
87968
113973
99696
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Compliance Specialist III in the United States. The base salary for Compliance Specialist III ranges from $84,669 to $107,346 with the average base salary of $95,730. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $87,968 to $113,973 with the average total cash compensation of $99,696.
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84669
107346

 

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Skills associated with Compliance Specialist III: Ethics Oversight, Sarbanes-Oxley Compliance, Securities Laws and Regulations, Regulatory Reporting ...More

Recently searched related titles: Internal Compliance Officer, Senior Compliance Consultant, Sr Compliance Officer

Jobs with a similar salary range to Compliance Specialist III : Compliance Business Analyst, Regional Compliance Officer, Regulatory Compliance Engineer, Senior Compliance Associate, Compliance Associate, Compliance Specialist

Salary estimation for Compliance Specialist III at companies like : Forevernutraceuticall, B G Supply Company Inc, US Senate

Jobs with a similar salary range to Compliance Specialist III : Risk And Compliance Specialist, Regulatory Engineer

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