What does a Principal Compliance Officer do?

Compliance Officers help organizations manage risks and avoid lawsuits by ensuring business operations are performed in compliance with state and federal laws. Compliance Officers are tasked with everything from developing company policies, creating metrics to help track compliance and performing compliance audits. They must also continue studying state and federal laws related to their industry and ensure that the company conducts business according to new regulations that arise.

Compliance Officers are typically required to hold a bachelor's degree in Law, Business Administration, or Finance. Employers may also require that they have a certificate in compliance or ethics. Above all, Compliance Officers are known for their attention to detail, their analytical thinking skills, and their ability to interpret complex policies and regulatory documents. These individuals must also possess excellent communication and collaboration skills.

  • Mastermind compliance policies and protocols on behalf of the organization
  • Develop and implement a compliance program to ensure the organization operates in accordance with state and federal laws
  • Determine compliance metrics and establish a system for tracking them
  • Sign off on any marketing and advertising collateral to ensure it is compliance
  • Remain up to date on federal and state laws related to the organization and update policies accordingly
  • Perform compliance audits to determine whether establish protocols are being followed and where they can be improved
  • Maintain up to date written documentation and policies related to the organization's business activities
  • Create compliance resource library for staff members to reference when they have questions
  • 5+ years prior experience in risk management or compliance roles
  • Must have, or be willing to obtain, a compliance certification
  • Superior attention to detail in order to identify and correct risky practices
  • Must be a strong communicator and capable of expressing oneself clearly both speaking and in writing
  • Possess a collaborative personality and be open to suggestions from team members
  • Exemplify strong knowledge of industry protocols and best practices
  • Excellent analytical skills and ability to accurately interpret complex documents and policies
  • Strong time management and organizational skills and able to meet deadlines
  • Should have a strong moral code and sense of ethics
EducationBachelor's Degree
Work/Life Balance
3.7 ★
Salary Range--
Career Opportunity
3.6 ★
Avg. Experience2-4 years

Principal Compliance Officer Salaries

Average Base Pay

$117,440 /yr
Same as national average
Not including cash compensation
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Not enough salaries reported to show distribution
$85K
Median: $117K
$163K
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Glassdoor Estimated Salary

Principal Compliance Officer Career Path

Learn how to become a Principal Compliance Officer, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L5
Principal Compliance Officer
$117,440/yr
L6
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Principal Compliance Officer Insights

Read what Principal Compliance Officer professionals have to say about their job experiences and view top companies for this career.
Monzo BankMonzo Bank
Compliance Adviser
Sep 16, 2019

“I worked in the compliance team and it was one of the most unprofessional and unpleasant experiences of my life.”

SecuritasSecuritas
Flex Officer
Aug 23, 2021

“The base pay can be well depending on what you do but expanding and achieving higher positions is rare.”

Mill Creek Residential TrustMill Creek Residential Trust
Director of Compliance
Apr 19, 2021

“I work with a great team and boss that let's me dive in and get things done.”

Bank of IrelandBank of Ireland
Risk and Compliance Manager
Feb 26, 2021

“Excellent line manager who helps get the best out of the team and is very knowledgeable.”

GlaxoSmithKlineGlaxoSmithKline
Global Regulatory Affairs Manager
Feb 22, 2021

“Development is important and I am grateful my line manager supported 100% on my career.”

HSBCHSBC
Assistant Vice President - Compliance
Mar 7, 2021

“Salary is below market rate and no clear direction is given on how to grow my career.”

The AAThe AA
Senior Compliance Officer/Investigator
Jun 28, 2021

“Some of the people you work with are great and it is great to work for such a well known brand.”

Dendron BrandsDendron Brands
Quality Assurance Officer
Apr 29, 2021

“If you want to learn a lot about manufacturing this is the best place to go”

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Principal Compliance Officer Interviews

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Principal Compliance Officer Jobs

Frequently asked questions about the roles and responsibilities of a principal compliance officer

When working as a principal compliance officer, the most common skills you will need to perform your job and for career success are AWS Certified, Agile Methodologies, Disclosures, Jira, and Protocols.

The most similar professions to principal compliance officer are:
  • Compliance Analyst
  • Loss Prevention
  • Investigator
  • Fraud Analyst

The most common qualifications to become a principal compliance officer include a minimum of a Bachelor's Degree and an average of 0 - 1 years of experience not including years spent in education and/or training.