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#206322 - 07/07/04 01:30 AM Re: Salary
AKauditor Offline
Junior Member
Joined: Mar 2004
Posts: 39
Alaska
I'm in Anchorage. Across from Walmart. Do you come to the IIA meetings?

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Audit
#206323 - 07/07/04 01:38 PM Re: Salary
Anonymous
Unregistered

Internal Auditor (staff of just me)
4 years banking - 3 years audit
BA in Finance
270+ mil
Illinois (5 branches)
$32,500
3 weeks vacation

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#206324 - 07/07/04 01:41 PM Re: Salary
Anonymous
Unregistered

Quote:

Internal Auditor (staff of just me)
4 years banking - 3 years audit
BA in Finance
270+ mil
Illinois (5 branches)
$32,500
3 weeks vacation



also - 26 yr old female

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#206325 - 07/07/04 06:07 PM Re: Salary
Anonymous
Unregistered

VP I/A Manager/Compliance (Rsk Mgmt Specialist)
20+ yrs banking - general knowledge of all areas and accounting, but operations/compliance specialist
Two banks during my career
All kinds of various trade assoc schools/seminars
Various College courses - field and non-field related
But basically - Masters from the "School of Hard Knocks"
Total Holding Co Assets (2 Banks/w 10 branches) - $245M
South - rural locations
Salary - $50M annually + add'l perks
21 days vacation / 5 PTO
Female - 39

Believe me - If I was Male 39 - salary would be at least $65 in this area!)

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#206326 - 07/07/04 06:29 PM Re: Salary
Anonymous
Unregistered

Quote:

I'm dang glad I don't work for the Fairbanks bank that posted (At least I think it was Fairbanks) I can't imagine living on that salary in Fairbanks. And besides, Auditors should be paid a premium because everyone in the bank thinks they're out to get them. You should get extra bucks just because folks won't sit next to you at the company picnic





Well said! (Your Fairbanks assumption is correct)

I'd like to second that "BS in Management" comment.

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#206327 - 07/07/04 06:32 PM Re: Salary
Bartman Offline
Diamond Poster
Bartman
Joined: Oct 2000
Posts: 1,191
Springfield
Quote:

Masters from the "School of Hard Knocks"




So nice to hear from a fellow alum - is your Master's degree the coveted MBA ("My Battered A$$") too? I double-majored...and I'm thinking about joining the faculty.
_________________________
Opinions are Bartman's, not those of my employer. "A noble spirit embiggens the smallest man."

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#206328 - 07/07/04 06:46 PM Re: Salary
Anonymous
Unregistered

Internal Auditor - Upstate NY
9 Years in banking - 7 as I/A
BA in accounting
$250million in assets
$40,000 w/ unguaranteed bonus

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#206329 - 07/07/04 09:08 PM Re: Salary
Anonymous
Unregistered

LOL Bartman -

Yeah - I've MORE than earned the MBA designation. To earn that illustrious degree you had to have ample experience in IT conversions, mergers, acquisitions, restructures, regulatory changes, Sr. Mgmt changes, many, many exams and audits (a few with training crews ), employee embezzlement, etc.,

But, my personal fav - converting to Power Proof and 6 bundles are out of line on the second pass so they get encoded with the wrong amount - error wasn't noticed - cash letter goes out! Let me see you balance and clear up that Due From Recon!!

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#206330 - 07/07/04 10:33 PM Re: Salary
Paragon Offline
Diamond Poster
Paragon
Joined: Dec 2003
Posts: 2,164
I think it would be interesting to know gender too!




I've no time to break this down, but I'm getting the feeling that females work for less or a better way to put it - get paid less. Of course, it's my understanding that that is still the case in most fields, but this type of work should provide a level playing field as gender is not an issue, at all.

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#206331 - 07/09/04 07:07 PM Re: Salary
Anonymous
Unregistered

Compliance/CRA Officer
Midwest Region
Female/28 years old
Associates Degree in Finance
Been in banking 9 years: 8 lending, 1 Compliance
Salary: $38K + possibly a bonus (last year $500)
3 wks vacation; 5 personal days; unlimited sick
Just me & my assistant
Asset size: $600 million (and yes, that's mine, not the banks - can't you tell by the salary??? )

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#206332 - 07/09/04 07:48 PM Re: Salary
Anonymous
Unregistered

Compliance Officer
2 yrs. experience
BA in English
$90 mil in assets
rural location
26 yr old female
$35,000

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#206333 - 07/09/04 07:49 PM Re: Salary
Anonymous
Unregistered

Quote:

Senior Risk/Compliance Officer
BSBA Finance Major
14+ years experience
$260 million community bank in the South
$81,000 plus bonus (not gtd., but usually 1 month salary)
3 weeks vacation + 2 personal days & unlimited sick days




This is me too, except $82,500 plus bonus (usually 20 to 30%)

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#206334 - 07/09/04 09:01 PM Re: Salary
Anonymous
Unregistered

AVP - Compliance and Audit (I am an Army of one.)
$95MM Community Bank (non-rural) in the Gulf South
$42,000 + Bonus (based on bank performance generally 2-4 weeks salary.)
10 days vacation + 5 personal days.
9 years in banking - 1 in current position - 2.5 as a state examiner.
BS in Finance
CCBIA
Male - 32

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#206335 - 07/12/04 03:30 PM Re: Salary
Patsy Cline Offline
Diamond Poster
Patsy Cline
Joined: Sep 2002
Posts: 1,117
On the road...
Quote:

Quote:

Senior Risk/Compliance Officer
BSBA Finance Major
14+ years experience
$260 million community bank in the South
$81,000 plus bonus (not gtd., but usually 1 month salary)
3 weeks vacation + 2 personal days & unlimited sick days




This is me too, except $82,500 plus bonus (usually 20 to 30%)




Your gender please?
_________________________
Michelle CRCM

"What would you attempt to do if you knew you could not fail?" ~ unknown


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#206336 - 07/12/04 04:41 PM Re: Salary
Anonymous
Unregistered

Location: SouthEast
Title: AVP - Audit/Compliance
Experience: 10 years in Banking (7 in Audit and Compliance)
BSBA in Accounting
MBA
CPA
CCBCO
ABA National Compliance School
1 Year of LSU Grad Banking School
$41,100 with $2,000 bonus
Female

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#206337 - 07/12/04 06:43 PM Re: Salary
Anonymous
Unregistered

Hey upstate NY, where in upstate are you? I am in Saratoga area..

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#206338 - 07/12/04 08:46 PM Re: Salary
Anonymous
Unregistered

Well Said Paragon!

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#206339 - 07/12/04 08:52 PM Re: Salary
Anonymous
Unregistered

Compliance & CRA Officer
20+ years banking
12 years compliance
CRCM
ABA Graduate Compliance School
50 Yr old - Female
assets $135 Million - Been with this bank less than 1 year. Had been with previous bank 20+ years.

22 days annual PTO
$46,500 salary
located in rural TN

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#206340 - 07/13/04 02:01 PM Re: Salary
Anonymous
Unregistered

8 years banking at same institution
2 years compliance
100 million in assests
BS degree/Accounting
Kentucky
$28,000 two weeks vacation
4 sick days
unlimited/unpayed personal days
Benefits are pretty good I guess.
25yr male

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#206341 - 07/13/04 02:26 PM Re: Salary
Anonymous
Unregistered

Compliance/Privacy Officer
10 yrs in compliance 16 in banking
CRCM, GSB (halfway there)
$1.5B asset size
$76,000, plus bonuses based on exam ratings
28 days PTO
Southern state

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#206342 - 07/14/04 08:15 PM Re: Salary
Anonymous
Unregistered

Internal Auditor
BS in Finance, CBA
5 yrs banking, 2.5 yrs in Audit
$370M in assets, Oklahoma
$15 and hour, plus bonus based on bank performance, usually 6%.
2 weeks of vacation, 6 sick days
24 female

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#206343 - 07/15/04 01:30 PM Re: Salary
Anonymous
Unregistered

Compliance Officer/AVP
BA degree, AAS degree
19 years in banking, 3 in compliance
$120M assets
Kentucky
male, 38
Salary $31K + bonus
3 weeks vacation
sick days accrue at 1/2 per month

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#206344 - 07/15/04 04:16 PM Re: Salary
Paragon Offline
Diamond Poster
Paragon
Joined: Dec 2003
Posts: 2,164
Quote:

Compliance Officer/AVP
BA degree, AAS degree
19 years in banking, 3 in compliance
$120M assets
Kentucky
male, 38
Salary $31K + bonus
3 weeks vacation
sick days accrue at 1/2 per month



Quote:


Internal Auditor
BS in Finance, CBA
5 yrs banking, 2.5 yrs in Audit
$370M in assets, Oklahoma
$15 and hour, plus bonus based on bank performance, usually 6%.
2 weeks of vacation, 6 sick days
24 female





These two posts show that this "survey" has no real value. They both make about the same, but one has 14 year more 'banking' esperience - but is also in a much smaller asset environment.

Salary - it's a 'whatever the market will bare" scenario in banking with special circumstances at the individual level always a factor, asset size, staff level, outsourced versus inhouse compliance tasks, etc. Besides, each institution looks at compliance and auditing in a different way and if a specific institution has a 'complex balance sheet' the compliance/audit people had better be paid sufficiently to respond to that level of risk.

As an aside, is $31K a livable wage for anyone in the banking field? Hopefully, you also get a clothing allowance or, perhaps, you only work three days a week.

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#206345 - 07/15/04 04:43 PM Re: Salary
AKauditor Offline
Junior Member
Joined: Mar 2004
Posts: 39
Alaska
As it turns out, I've accepted position at another financial institution here in Alaska and my current audit manager job is going to get posted soon. Watch the BOL career connect, IIA & ABA web sites. I told them they are good places to post.

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#206346 - 07/15/04 07:15 PM Re: Salary
Anonymous
Unregistered

Quote:

Quote:

Quote:

Senior Risk/Compliance Officer
BSBA Finance Major
14+ years experience
$260 million community bank in the South
$81,000 plus bonus (not gtd., but usually 1 month salary)
3 weeks vacation + 2 personal days & unlimited sick days




This is me too, except $82,500 plus bonus (usually 20 to 30%)




Your gender please?




Male, BS in Accounting from PSU

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