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

1
Obtain relevant certifications like Certified Risk Manager (CRM) or Certified Compliance and Ethics Professional (CCEP).
2
Attend industry conferences and workshops to stay updated on the latest regulatory changes.

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