Senior Risk and Compliance Manager

Career Guide

The Senior Risk and Compliance Manager is responsible for overseeing the risk management and compliance programs within an organization. This role involves identifying, assessing, and mitigating risks to ensure adherence to legal regulations and company policies. The manager will lead efforts to develop and implement compliance strategies, conduct audits, and provide guidance on risk-related issues.

Key Responsibilities

Develop and implement risk management and compliance programs.
Conduct risk assessments and internal audits to identify areas of potential risk.
Ensure compliance with applicable laws and regulations.
Provide guidance and training to staff on risk and compliance matters.
Collaborate with other departments to mitigate risks.

Top Skills for Success

Regulatory Knowledge

Analytical Skills

Leadership

Communication

Career Progression

Can Lead To

Chief Risk Officer

Director of Compliance

Transition Opportunities

Consultant

Audit Manager

Common Skill Gaps

Often Missing Skills

Advanced Data AnalyticsCybersecurity Awareness

Development SuggestionsPursue certifications in data analytics and cybersecurity, such as Certified Information Systems Auditor (CISA) or Certified in Risk and Information Systems Control (CRISC).

Salary & Demand

Median Salary Range

Entry Level$80,000 - $100,000

Mid Level$100,000 - $130,000

Senior Level$130,000 - $160,000

Growth Trend

The demand for risk and compliance managers is increasing due to the growing complexity of regulatory environments across industries.

Companies Hiring

Major Employers

JPMorgan ChaseDeloitte

Industry Sectors

Financial ServicesHealthcare

Recommended Next Steps

Obtain relevant certifications like Certified Risk Manager (CRM) or Certified Compliance and Ethics Professional (CCEP).

Attend industry conferences and workshops to stay updated on the latest regulatory changes.