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#206272 - 06/30/04 08:29 PM Salary
Anonymous
Unregistered

Hello. I am just wondering if any/ all of you auditors/ compliance officers would mind posting your job title, time in current position, education, asset size of financial institution, and salary range? I am trying to figure out if I being properly compensated. Feel free to post ANON.

Thanks in advance.

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Audit
#206273 - 06/30/04 08:32 PM Re: Salary
Anonymous
Unregistered

I don't mind posting at all- actually I wouldn't mind knowing this info myself.

Anyway, I am an audit staff member for a bank in the NE. Asset size is $262. B.S. degree, 5+ years experience. My salary is a poor $28,000 with 3 weeks vacation.

Hope this helps.

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#206274 - 06/30/04 08:40 PM Re: Salary
Anonymous
Unregistered

Compliance Officer (ex Auditor)
est 13 yrs - Banking - 25 years..primarily as lender
1 yr tech school/Audit school
800 mil
$65 plus incentive (not guaranteed)
SE US

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#206275 - 06/30/04 08:48 PM Re: Salary
Anonymous
Unregistered

15 years banking at same institution
2 years internal audit/AVP
250 million in assests
BS degree/
Maryland
$45,000 five weeks vacation

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#206276 - 06/30/04 08:49 PM Re: Salary
Anonymous
Unregistered

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

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#206277 - 06/30/04 08:52 PM Re: Salary
Anonymous
Unregistered

VP-Compliance
4 years in compliance-15 years total banking
About 2 years of college
Base of $67K plus annual bonus (usually 8-10% of salary)
4 weeks vacation

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#206278 - 06/30/04 08:54 PM Re: Salary
Anonymous
Unregistered

I forgot to mention asset size (previous post), we're about $260M.

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#206279 - 06/30/04 08:57 PM Re: Salary
Anonymous
Unregistered

Corporate compliance officer
BS-advertising & public relations
CRCM designation
Attended ABA national & graduate compliance schools
16 years in banking / 14 in compliance & CRA
This is my 6th bank in 16 years
2-bank holding company, approx. $425 million
$60k salary, 10% bonus tied to corporate performance
4 weeks vacation & flexibility to work from home if desired

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#206280 - 06/30/04 09:05 PM Re: Salary
Anonymous
Unregistered

It might help to know what state each poster is from. Different areas, rural vs city have different economic levels

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#206281 - 06/30/04 09:07 PM Re: Salary
Anonymous
Unregistered

Quote:

VP-Compliance
4 years in compliance-15 years total banking
About 2 years of college
Base of $67K plus annual bonus (usually 8-10% of salary)
4 weeks vacation



New England

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#206282 - 06/30/04 09:11 PM Re: Salary
Anonymous
Unregistered

Quote:

Corporate compliance officer
BS-advertising & public relations
CRCM designation
Attended ABA national & graduate compliance schools
16 years in banking / 14 in compliance & CRA
This is my 6th bank in 16 years
2-bank holding company, approx. $425 million
$60k salary, 10% bonus tied to corporate performance
4 weeks vacation & flexibility to work from home if desired




Great Lakes area.

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#206283 - 06/30/04 09:13 PM Re: Salary
Anonymous
Unregistered

Banking Officer/Compliance
22 years in banking - 10 in Compliance
BS in Business Education
$120 mil Rural bank in Central US
$27,480/yr - 14 days vacation
1 sick leave day earned per mo w/total accumulation of 45 possible.

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#206284 - 06/30/04 09:54 PM Re: Salary
Anonymous
Unregistered

Internal Auditor
8 years banking - 1 year audit
BA in Social Studies
160 mil
Minnesota
$30,000 plus performance based bonus
3 weeks vacation

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#206285 - 06/30/04 09:57 PM Re: Salary
CSB98 Offline
Diamond Poster
Joined: Dec 2003
Posts: 1,236
Wisconsin
Compliance Officer/Asst. VP
5 Years in Banking and Compliance
BS in Finance/MBA
Approx. $120M bank
$39K salary - 3 weeks vacation
Additional bonus anywhere from $2k-$4K depending on performance of bank
Located in Western Wisconsin

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#206286 - 07/01/04 03:00 PM Re: Salary
pookiesgirl Offline
Junior Member
Joined: Jun 2004
Posts: 29
New York State
BS in Accounting
9.5 yrs Banking, 4.5 in Accounting, 5 in Audit
AVP/Internal Audit Manager - 4 months
CIA
Great Lakes area
$42.500, 4 weeks vacation

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#206287 - 07/01/04 03:35 PM Re: Salary
Anonymous
Unregistered

BA in Liberal Arts
18 years banking (2 yrs compliance/16 yrs Security/operations)
VP-Compliance
Northeast - $2Billion bank
$70K
3weeks vacation

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#206288 - 07/01/04 04:08 PM Re: Salary
Anonymous
Unregistered

VP Director of Compliance
Banking 7yrs, audit 4yrs, compliance 1yr
MBA, CBA
1 Billion
$60,000
SE

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#206289 - 07/01/04 04:23 PM Re: Salary
Anonymous
Unregistered

Internal Auditor
10 years banking-All Internal Audit (same location)
Masters of Accountancy, CPA
About $350 Million Assets
Salary about $45K + bonus based on bank performance
2 1/2 weeks vacation
Western US (rural)

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#206290 - 07/01/04 04:55 PM Re: Salary
Anonymous
Unregistered

Internal Auditor & Compliance Officer
10 years banking- 7 years Audit & Compliance
BS - Finance
$130 Million Assets
$48K + bonus
3 weeks vacation -5 sick days
Oklahoma -non rural

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#206291 - 07/01/04 05:24 PM Re: Salary
Anonymous
Unregistered

VP- Compliance, HR, IT, Op Mgr
13 years banking - 3.5 in Compliance
BA - English (who knew? )
$100 Million Assets
$37,000 + bonus $2-3K, not guaranteed
3 weeks vacation, 9 PTO/sick days
Central Texas (rural)

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#206292 - 07/01/04 05:33 PM Re: Salary
AKauditor Offline
Junior Member
Joined: Mar 2004
Posts: 39
Alaska
VP - Internal Audit Manager
CIA, CBA, CFSA
20 yrs audit, 15 with banks
$750 Million community bank in Alaska
$77,000 + bonus
23 days vacation, 10 days sick
3 staff

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#206293 - 07/02/04 12:20 PM Re: Salary
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,760
Turnpike Exit 10
It looks like we should move to Alaska!!!
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

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#206294 - 07/02/04 01:48 PM Re: Salary
Anonymous
Unregistered

South
VP/Compliance & Security (CRA\Privacy\and whatever else comes along...)
21 years in banking: 9 in Compliance/ 7 in Security
$34,000/yr
Assets: $400,000,000

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#206295 - 07/02/04 01:49 PM Re: Salary
Anonymous
Unregistered

Oops, forgot to mention....2 wks and 3 days of vacation, 10 days sick leave (3 of those can be personal).....

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#206296 - 07/02/04 03:19 PM Re: Salary
Anonymous
Unregistered

Location make a huge difference in pay!!!! Cost of living varies greatly so be cautious at your comparison.
Midwest - City less than 100,000
Internal Auditor and Compliance Officer
Trust Company - Approximately 1 billion in assets
Bachelor's degree in Finance and Accounting, CPA license, CFIRS
3 years experience in public accounting, 3 years experience in banking industry
33,000
2 weeks vacation now, 3 weeks after 6th anniversary

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#206297 - 07/02/04 03:19 PM Re: Salary
Anonymous
Unregistered

Compliance Officer/Asst. VP
4 Years in Banking
BS
$300M bank
$65K salary(plus bonus)
3 weeks vacation, 6 sick days, 3 personal days
Located in Mid-Atlantic

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#206298 - 07/02/04 03:40 PM Re: Salary
Patsy Cline Offline
Diamond Poster
Patsy Cline
Joined: Sep 2002
Posts: 1,117
On the road...
I think it would be interesting to know gender too!
_________________________
Michelle CRCM

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


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#206299 - 07/02/04 03:54 PM Re: Salary
Anonymous
Unregistered

Quote:

I don't mind posting at all- actually I wouldn't mind knowing this info myself.

Anyway, I am an audit staff member for a bank in the NE. Asset size is $262. B.S. degree, 5+ years experience. My salary is a poor $28,000 with 3 weeks vacation.

Hope this helps.




I am a 28 year old woman.

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#206300 - 07/02/04 03:56 PM Re: Salary
J2C Offline
Diamond Poster
Joined: May 2004
Posts: 1,475
Big Brother knows and that's a...
Quote:

It looks like we should move to Alaska!!!




I second that idea...

Hey Alaska- do you need some experienced auditors? I am packed and ready to move. :-)

if only it were that easy...
_________________________
My opinion is mine only- not my employer's!


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#206301 - 07/02/04 04:15 PM Re: Salary
Anonymous
Unregistered

Our CO makes $59,000 plus bonus (py was about $12,000- not guaranteed). (overpaid) Non-related 2 year degree. No certifications. About 14 years experience starting as teller. 25 days (vaca + personal). Old audit director made 65,000 (different bonus program-not as big) BS in acctg, 20 years audit experience. Northeast- non urban.

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#206302 - 07/02/04 06:06 PM Re: Salary
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
Good to know what the competition is paying

And as I read these posts, I was glad I live in Alaska as well!

(Now I'd post anon but it would be too obvious who I was)
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

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#206303 - 07/02/04 06:39 PM Re: Salary
Anonymous
Unregistered

Quote:

Compliance Officer/Asst. VP
4 Years in Banking
BS
$300M bank
$65K salary(plus bonus)
3 weeks vacation, 6 sick days, 3 personal days
Located in Mid-Atlantic


Female -- 33 years young.

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#206304 - 07/02/04 06:42 PM Re: Salary
Anonymous
Unregistered

Quote:

VP-Compliance
4 years in compliance-15 years total banking
About 2 years of college
Base of $67K plus annual bonus (usually 8-10% of salary)
4 weeks vacation



Female-34 years old

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#206305 - 07/02/04 08:01 PM Re: Salary
Anonymous
Unregistered

Quote:

Location make a huge difference in pay!!!! Cost of living varies greatly so be cautious at your comparison.
Midwest - City less than 100,000
Internal Auditor and Compliance Officer
Trust Company - Approximately 1 billion in assets
Bachelor's degree in Finance and Accounting, CPA license, CFIRS
3 years experience in public accounting, 3 years experience in banking industry
33,000
2 weeks vacation now, 3 weeks after 6th anniversary



28 year old female

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#206306 - 07/02/04 09:31 PM Re: Salary
Anonymous
Unregistered

-Compliance/Internal Control Officer
-$130 million bank in Midwest metro area
-16 years in banking (operations, accounting, loan operations, compliance)
-associate's degree/finance and 2 rounds at state compliance school
-female and 35 year old
$40,000 ann + bonus
20 days PTO

Yeah, looks like I need to move to Alaska too!

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#206307 - 07/06/04 02:50 AM Re: Salary
Anonymous
Unregistered

- IT Examiner - BIS Expert
- An FFIEC federal agency that is a bureau of the
U.S. Dept. of Treasury
- 21 years
- CISA, CISSP, CFE, CIA, CISM
- $114,000 plus 16.2% geographical differential
every other Friday off; 5 weeks vacation; 15 sick days
annually
- travel: significant (70%-80% overnight); frequent long-
term assignments in other districts
- divorced, heart-valve problems, too much travel

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#206308 - 07/06/04 02:42 PM Re: Salary
Anonymous
Unregistered

Compliance Officer / Internal Audit Manager
14 years banking experience (Consulting / Internal audit)
CFSA
$3 million bank
$75,000 + annual bonus
2 weeks vacation
female (33)
texas

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#206309 - 07/06/04 04:05 PM Re: Salary
Anonymous
Unregistered

AVP/ CRA and Compliance Officer
Wisconsin
29 - Female
Banking 11 years, Compliance 5 years
$600 million
$37,000 + Bonus (about 5%)
4 weeks vacation
(5 personal/sick days)

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#206310 - 07/06/04 05:11 PM Re: Salary
MackenzieS Offline
Diamond Poster
MackenzieS
Joined: Jul 2002
Posts: 1,722
Oklahoma
Is someone going to be the sweetie and formulate an analysis from all of this information for us? I would do it, but I am preparing for an FDIC Compliance exam and working on a Trust audit....

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#206311 - 07/06/04 06:14 PM Re: Salary
Anonymous
Unregistered

Compliance Officer, Cashier, Manage operations, New Accts, Loans, any other tasks assigned....
Bank size: $85 million
Location: Midwest
No formal education - female - 41
17 years banking experience, teller, operations, management
Salary: $36,000 annual Bonus about 15% at year-end, add'l $600 mid-summer for all full-time employees
Vacation: 17 days per year, 2 personal days, 5 sick days (sick days accumulate for 3 years = 15 total on books)

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#206312 - 07/06/04 06:43 PM Re: Salary
Anonymous
Unregistered

Title: Auditor & Compliance Officer, Assistant Cashier (with a staff of 1 including me!) I'm curious to know how many others are in my situation. Responsible for Compliance and Audit with no other staff to help out.
Time in current position: 2.5 years
Years in field: 8 yrs (Banking) 4 years (Compliance)
Area: Alaska
Asset size: almost $200M
Salary: $40K
PTO Leave bank 21 days (Vacation & Sick combined)

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#206313 - 07/06/04 06:48 PM Re: Salary
Anonymous
Unregistered

Quote:

Title: Auditor & Compliance Officer, Assistant Cashier (with a staff of 1 including me!) I'm curious to know how many others are in my situation. Responsible for Compliance and Audit with no other staff to help out.
Time in current position: 2.5 years
Years in field: 8 yrs (Banking) 4 years (Compliance)
Area: Alaska
Asset size: almost $200M
Salary: $40K
PTO Leave bank 21 days (Vacation & Sick combined)




29 years old.

Just renegotiated my salary up to $40K, last week I got a letter that I would now not be eligible for an increase until 2006.

Still want to move to Alaska? I know a position that might be coming open. Hey Northrim...are you hiring?

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#206314 - 07/06/04 07:16 PM Re: Salary
Anonymous
Unregistered

EVP - compliance, collections
6 years at current job
BS, JD
$140 Million in assets
$66,000
Rural Midwest

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#206315 - 07/06/04 07:58 PM Re: Salary
Anonymous
Unregistered

Midwest city of less than 30,000
$250 million in assets (the bank, not me)
Internal Auditor & Compliance Officer
Bachelors degree in accounting, MBA, CPA license
8 years public accounting experience
8 years manufacturing accounting/tax experience
1.5 years banking experience (hired in to my present position)
$70,200 annual salary plus bonus (not guaranteed - this year it was $ 10,000)
22 days PTO (for vacation, sick, personal days)
41 y/o female

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#206316 - 07/06/04 08:08 PM Re: Salary
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
Get out of Fairbanks and you'll have a better chance at a decent salary

Oh and
Quote:

- An FFIEC federal agency that is a bureau of the
U.S. Dept. of Treasury
- 21 years
- CISA, CISSP, CFE, CIA, CISM
- $114,000 plus 16.2% geographical differential
every other Friday off; 5 weeks vacation; 15 sick days
annually
- travel: significant (70%-80% overnight); frequent long-
term assignments in other districts
- divorced, heart-valve problems, too much travel




If you want to swap jobs I'm all for it Love to travel and my hearts good...cold as ice but good.
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

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#206317 - 07/06/04 09:29 PM Re: Salary
Anonymous
Unregistered

I need a new job - or to move
Midwest
female 29 yrs old
$250M
Hourly @ 13.00 per hour
No bonuses
2 weeks vacation
6 sick days
half-@#$ benefits
BS in management

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#206318 - 07/06/04 09:30 PM Re: Salary
Anonymous
Unregistered

Quote:

I need a new job - or to move
Midwest
female 29 yrs old
$250M
Hourly @ 13.00 per hour
No bonuses
2 weeks vacation
6 sick days
half-@#$ benefits
BS in management



Sorry forgot to tell you what I do
Compliance/Underwriting staff of only me!

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#206319 - 07/06/04 09:33 PM Re: Salary
AKauditor Offline
Junior Member
Joined: Mar 2004
Posts: 39
Alaska
Not cheap to live in Alaska! The Stage Coach was paying $62k before I left there in 2000. I hope to add another staff auditor the end of next year. Watch the paper How are things at your place of business Dawn?

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#206320 - 07/06/04 09:53 PM Re: Salary
Jokerman Offline
10K Club
Joined: Nov 2003
Posts: 12,846
Quote:

BS in management




We all have to deal with this.

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#206321 - 07/07/04 12:56 AM Re: Salary
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
LOL Joker so true!

It's lovely here Brian. 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

After reading this stuff I started thinking how lucky I was I only have this one tiny little regulation to live with, some staff and a good (or compared to many posted, pretty great) salary (and yet I of course deserve more ). I love my job and no one runs when I enter a room! What could be better
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

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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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#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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#206347 - 07/15/04 08:42 PM Re: Salary
Anonymous
Unregistered

29 Female
BS in History (and I'm in banking?!?!)
approx. 4 yrs banking (accounting, loans)
1 yr audit/compliance department
staff position
$25,750
1 week vacation, 10 sick days, no personal
great benefits
Rural South Central US
Asset size approx. 250 million
Females in this area are greatly underpaid than their male counterparts. A few months after I joined this department a male was hired with a starting salary above mine. I have more experience in banking and have an age advantage. At least you would think! The South is a wonderful place to live but don't count on getting an equivalent assessment. I was not raised with that mentality so its hard to adjust. Oh, I grew up in the South!

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#206348 - 07/15/04 09:17 PM Re: Salary
Jokerman Offline
10K Club
Joined: Nov 2003
Posts: 12,846
Quote:

A few months after I joined this department a male was hired with a starting salary above mine. I have more experience in banking and have an age advantage.




What is an "age advantage"?

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#206349 - 07/15/04 09:34 PM Re: Salary
Anonymous
Unregistered

SVP/Compliance Officer
25 years in banking
7 years compliance/5 yrs auditing/some lending
$74,000 plus 2 wks pay bonus (not guaranteed)
46 yrs old-female
ABA Compliance School Graduate
Western US
$280 mill bank
4 wks vacation/10 days sick/no personal days

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#206350 - 07/16/04 05:59 PM Re: Salary
Paragon Offline
Diamond Poster
Paragon
Joined: Dec 2003
Posts: 2,164
Quote:

SVP/Compliance Officer
25 years in banking
7 years compliance/5 yrs auditing/some lending
$74,000 plus 2 wks pay bonus (not guaranteed)
46 yrs old-female
ABA Compliance School Graduate
Western US
$280 mill bank
4 wks vacation/10 days sick/no personal days




Now this is the job that most of you are looking for.

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#206351 - 07/19/04 04:55 PM Re: Salary
Anonymous
Unregistered

Quote:

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.





Why do say that?

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#206352 - 07/19/04 06:23 PM Re: Salary
Anonymous
Unregistered

That may be "the job" - if it were not in the Western US. I would rather make my $50M and have 2200 sq ft home on 5 acres with a $275 house payment - in the South!

You have to remember all things are NOT equal.

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#206353 - 07/19/04 06:57 PM Re: Salary
Paragon Offline
Diamond Poster
Paragon
Joined: Dec 2003
Posts: 2,164
Well, there it is - salary is relative with location a really big factor - on $74K in for example, Los Angeles, you cannot afford to buy 5 acres to put a house on.

Salary needs to be fair, based on what needs to be and is being accomplished, but it's not at the top of the list for most people.

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#206354 - 07/19/04 08:02 PM Re: Salary
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
Quote:

I'm in Anchorage. Across from Walmart. Do you come to the IIA meetings?


E gads no Brian...You auditors scare me to death! I can't imagine a whole group of them together! I'm in CRA hiding from auditors...or maybe I'm hiding from you? Did you come to work for us?
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

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#206355 - 07/20/04 05:46 PM Re: Salary
AKauditor Offline
Junior Member
Joined: Mar 2004
Posts: 39
Alaska
Quote:

Quote:

I'm in Anchorage. Across from Walmart. Do you come to the IIA meetings?


E gads no Brian...You auditors scare me to death! I can't imagine a whole group of them together! I'm in CRA hiding from auditors...or maybe I'm hiding from you? Did you come to work for us?




No, the big CU.

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#206356 - 07/21/04 04:14 PM Re: Salary
Anonymous
Unregistered

It's amazing, I was just about ready to post the same question. I've been getting calls from head-hunters, and was curious as to if I am working too cheap at my current location.

6 years at same bank
4 years of that has been being the
banks sole Internal Auditor
104 milion asset size
(I work part time, so this is prorated)
3 weeks vacation
6 hrs sick time monthly
$13.14/ hour which would be the equivilent of about $27,000 if I were full time.
Free Dental
401K with 3% bank match
bank located in South Dakota

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#206357 - 07/21/04 07:07 PM Re: Salary
Anonymous
Unregistered

Here are my stats:
26 years in banking(18 in compliance)
no college educ, but I am a CRCM
Lots of ABA banking schools, MBA schools
Northern MN-rural area
$150M community bank
$47,000 + $4-5 bonus
3 weeks vac, 5 personal days, 6 sick days, 401K,
female, 47 yrs old.

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#206358 - 07/22/04 01:11 PM Re: Salary
Anonymous
Unregistered

as for me, the female in OK. No i don't get a clothing allowance and i work 40+ hours a week 5 days a week.

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#206359 - 07/22/04 01:46 PM Re: Salary
Anonymous
Unregistered

Quote:

i don't get a clothing allowance and i work 40+ hours a week 5 days a week.





The male in KY says "Ditto." I'm also very happy in my job and relatively stress-free compared to other positions I've held (branch manager, etc.).

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#206360 - 07/22/04 09:38 PM Re: Salary
Anonymous
Unregistered

The male in KY says "Ditto." I'm also very happy in my job and relatively stress-free compared to other positions I've held (branch manager, etc.).




female in OK, i would agree, I have tons of flexibility with my hours and can come and go pretty much as I please.

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#206361 - 07/26/04 06:44 PM Re: Salary
J2C Offline
Diamond Poster
Joined: May 2004
Posts: 1,475
Big Brother knows and that's a...
Well, after looking at all of this info, I don't know if I should be happy with what I get or if I should ask for a raise! It is interesting to see these statistics.
_________________________
My opinion is mine only- not my employer's!


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#206362 - 07/27/04 05:17 PM Re: Salary
Anonymous
Unregistered

Internal Auditor & Loan Review Officer
6 years banking (3 as examiner) & 3 years financial consulting
BS - Economics
$220 Million Assets
$44K + bonus
2 weeks vacation - 7 sick days
Missouri -non rural
32, Male

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#206363 - 07/27/04 08:18 PM Re: Salary
Anonymous
Unregistered

4years experiment as an internal auditor
(prev exp : 2 years at a fat four)
mastery of financial an accountancy
35K + 7K bonus and 6-9K (bonus based on the bank's results)
and i forgot about the holidays : 45 days / year that is approximately 9 weeks

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#206364 - 07/28/04 01:28 PM Re: Salary
J2C Offline
Diamond Poster
Joined: May 2004
Posts: 1,475
Big Brother knows and that's a...
9 weeks!! Holy cow, I would rather have that then a pay increase.
_________________________
My opinion is mine only- not my employer's!


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#206365 - 07/28/04 01:59 PM Re: Salary
Anonymous
Unregistered

Quote:

9 weeks!! Holy cow, I would rather have that then a pay increase.




yeah 9 weeks off !!!
workin in france got some advantage
in luxembourg it's quite the same but the salary is way much better

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#206366 - 07/28/04 06:36 PM Re: Salary
bob charlton Offline
New Poster
Joined: Jul 2004
Posts: 5
don't forget that in luxembourg there is LUX (luxury for short)

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#206367 - 08/06/04 03:19 PM Re: Salary
Anonymous
Unregistered

South
VP-Compliance
$1.2 billion
3 weeks vacation
bonus of 15% - not guaranteed, based on company performance
24 years experience
CRCM
Female
BA/MPA
$54,000

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#206368 - 08/06/04 09:06 PM Re: Salary
Anonymous
Unregistered

28 female
South
Staff auditor
$33,000
7 years banking / 2 years in audit
BS Finance/Economics

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#206369 - 10/25/04 05:26 PM Re: Salary
Anonymous
Unregistered

Atlanta, GA
Over 3 years employed by financial institutions
Over 5 years in public accounting specializing in finanial institutions, including a Big 4 stint.
CPA
MBA
$400MM+ in assets
Salary: $72,000
Bonus: 10-15% annually
Only 3 weeks vacation
I would trade $$$ for more time off.
34 year old male

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#206370 - 10/25/04 07:53 PM Re: Salary
Anonymous
Unregistered

Upstate NY
27years old, female
Banking(combined w/ audit) 7 years
Audit 5 years
270 Million Assets
Assistant Auditor (only 2 auditors in dept.)
36K w/ annual increase of 3-5% based on performance
401K
health/dental
pension
3 weeks vacation
personal/sick time accrues based on time at job and rolls over each year.

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#206371 - 10/25/04 07:54 PM Re: Salary
Anonymous
Unregistered

Quote:

Upstate NY
27years old, female
Banking(combined w/ audit) 7 years
Audit 5 years
270 Million Assets
Assistant Auditor (only 2 auditors in dept.)
36K w/ annual increase of 3-5% based on performance
401K
health/dental
pension
3 weeks vacation
personal/sick time accrues based on time at job and rolls over each year.




I forgot my education- Associates Degree working toward B.S Information Systems Security

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#206372 - 10/26/04 10:12 PM Re: Salary
Anonymous
Unregistered

West
25 years old, female
Banking <1 years
Audit 3 years
400 Million Assets
Assistant Auditor (only 2 auditors in dept.)
32K w/ annual bonus
pension, health
2 weeks vacation/2 weeks personal
unlimited sick time

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#206373 - 11/02/04 03:28 PM Re: Salary
Anonymous
Unregistered

Operations
5 months in banking
B.S. Finance
$100 million in assets
Salary $28,000 + bank bonus
2 weeks vacation, 6 personal/sick days
Rural Midwest

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#206374 - 11/02/04 03:29 PM Re: Salary
Anonymous
Unregistered

Quote:

Operations
5 months in banking
B.S. Finance
$100 million in assets
Salary $28,000 + bank bonus
2 weeks vacation, 6 personal/sick days
Rural Midwest




Oh yeah, I'm a 22 male who just graduated in May of '04

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#206375 - 02/01/05 10:50 PM Re: Salary
Jayda's Mom Offline
100 Club
Joined: Jul 2002
Posts: 220
North
I know this is an old thread but I found a cost-of-living calculator that might help you determine if you really are being paid similarly.

Cost-of-living calculator

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#206376 - 02/02/05 12:43 PM Re: Salary
Joe Offline
Member
Joe
Joined: Aug 2003
Posts: 74
Overseas
Audit Manager
13 years Banking
BS, CIA, CISA
Salary $100,000 (tax free) + Bank bonus (Approx.$12,000)
six weeks vacation a year
Location: Saudi Arabia !

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#206377 - 02/02/05 04:58 PM Re: Salary
Anonymous
Unregistered

VP Compliance Officer
30 years banking 15 years compliance
CRCM
$140 million mid-west community bank
$74500 4 weeks vacation

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#206378 - 02/04/05 04:44 PM Re: Salary
crashomatic Offline
New Poster
Joined: Feb 2005
Posts: 8
Virginia
Internal Auditor/Officer
$600M Public Holding Company - Midatlantic region.
BBA Accounting
AS Mechanical Engineering (Unrelated)
1 Yr Public Accounting + 5 months Internal Audit (current postion)
Soon to be CPA - Passed audit, Financial pending, Regulation pending, Business to be taken in two weeks
Annual Salary - $42k...and I expect it to increase upon succesful completion of the exam.
Bonus - ?? based on performance of co. I guess.
Vacation - 3 wks
Sick time - 1.25 days/month, I think.
401k - 5% match

And Yes I'm a 28 yr old man and proud of it! I've got two kids and a wife at home to take care of so most of that is spent before I ever see it.

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#206379 - 02/06/05 12:25 AM Re: Salary
Anonymous
Unregistered

VP/Compliance Officer
20 years
BS, CRCM
$10B
high 90's

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#206380 - 02/07/05 09:04 PM Re: Salary
H Ford Offline
New Poster
H Ford
Joined: Oct 2002
Posts: 23
California
Community Bank in 2 Counties. $750MM assets. 9 Branches (2 more on way), Loan center, Trust Dept, Ebanking, NDIP sale referrals
VP-Compliance (all areas except HR-they handle their own), CRA, Privacy titles-BSA forthcoming so it would seem
1 FTE assistant (1 more to hire in 2005)
25 years in banking/7 in compliance
Base salary (exempt salaried) approx $55K plus $10-12K bonus w/incentive, ESOP, and 401K 50% match. 4 weeks vacation (need to work on that one) 10 days personal/sick days.
Employer pays: 100% paid life & disability, and 75% paid medical/dental for employee, 50% for employee's dependents(no vision)
CRCM designation
HS diploma (I was too smart for college at 16-my parents knew better)
Female
Last edited by H Ford; 02/07/05 09:14 PM.
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