How much does a Compliance Manager (Banking) earn in the United States? The average Compliance Manager (Banking) salary in the United States is $76,321 as of March 28, 2019, but the range typically falls between $62,853 and $98,254. 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. View Cost of Living in Major Cities
Manages daily activities of the team responsible for identifying suspicious activity in violation of the Bank Secrecy Act (BSA), USA Patriot Act, and other Anti-Money Laundering (AML) regulations. Implements procedures to ensure compliance with regulations and advises internal departments on how to meet compliance requirements. Leads investigations of suspicious activity and pursues corrective actions, notifying authorities as necessary. Analyzes loss trends and suggests modifications to loss reduction strategy. Stays informed on changes to all related banking regulations. Requires a bachelor's degree. Typically reports to a head of a unit/department. 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. Extensive knowledge of department processes. Typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.
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Includes bonus, healthcare, and retirement
2 - 4 years experience
5 + years experience
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