Compliance Risk Manager

Career Guide
A Compliance Risk Manager is responsible for identifying, assessing, and mitigating risks related to regulatory compliance within an organization. This role involves developing and implementing compliance policies, conducting audits, and ensuring that the organization adheres to all applicable laws and regulations.

Key Responsibilities

  • Develop and implement compliance policies and procedures.
  • Conduct regular audits to ensure compliance with regulations.
  • Identify and assess compliance risks and work on mitigation strategies.

Top Skills for Success

Analytical thinking
Knowledge of regulatory requirements
Risk assessment and management

Career Progression

Can Lead To
Senior Compliance Risk Manager
Director of Compliance
Transition Opportunities
Chief Risk Officer
Compliance Consultant

Common Skill Gaps

Often Missing Skills
Advanced data analyticsCybersecurity knowledge
Development SuggestionsProfessionals are encouraged to pursue certifications in data analytics and cybersecurity to bridge these gaps.

Salary & Demand

Median Salary Range
Entry Level$70,000 - $90,000
Mid Level$90,000 - $120,000
Senior Level$120,000 - $160,000
Growth Trend
The demand for Compliance Risk Managers is expected to grow due to increasing regulatory requirements across industries.

Companies Hiring

Major Employers
JP Morgan ChaseGoldman Sachs
Industry Sectors
Financial ServicesHealthcare

Recommended Next Steps

1
Obtain relevant certifications like CRCM or CAMS.
2
Gain experience in regulatory compliance through internships or entry-level roles.

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