ALEXANDRIA, Va. - Nearly half of all compliance officers charged with keeping the bank in line with securities regulations are paid less than $60,000 a year, according to a recent survey. The Financial Markets Association surveyed 46 securities compliance officers at its annual compliance conference last month. Those questioned were mostly small bank securities dealers or bank-affiliated securities dealers.
While 48% of the bankers said they take home less than $60,000 annually, new compliance officers make even less. Half of the respondents said entry level pay is less than $30,000.