1. What is the average salary of a VP of Compliance?
The average annual salary of VP of Compliance is $255,305.
In case you are finding an easy salary calculator,
the average hourly pay of VP of Compliance is $123;
the average weekly pay of VP of Compliance is $4,910;
the average monthly pay of VP of Compliance is $21,275.
2. Where can a VP of Compliance earn the most?
A VP of Compliance's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a VP of Compliance earns the most in San Jose, CA, where the annual salary of a VP of Compliance is $320,407.
3. What is the highest pay for VP of Compliance?
The highest pay for VP of Compliance is $340,877.
4. What is the lowest pay for VP of Compliance?
The lowest pay for VP of Compliance is $178,912.
5. What are the responsibilities of VP of Compliance?
VP of Compliance provides leadership and direction for an organization's compliance programs, policies, reporting, and practices. 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 VP of Compliance oversees internal controls and auditing systems that monitor and report on regulated activities and processes. Develops risk-based compliance testing of existing procedures and controls to identify, detect, and correct noncompliance. Additionally, VP of Compliance evaluates and implements changes to compliance processes due to new or amended regulations. Establishes communication and training initiatives that inform stakeholders about compliance requirements. Requires a bachelor's degree. Typically reports to top management. The VP of Compliance manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a VP of Compliance typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.
6. What are the skills of VP of Compliance
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.)
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
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Capital Market: Capital markets are financial markets that bring buyers and sellers together to trade stocks, bonds, currencies, and other financial assets. It allows traders to buy and sell stocks and bonds, and enable businesses to raise financial capital to grow.