How much does an in-house compliance team cost?
Averages vary based on the metro area, but take a look at some representative data from Robert Half’s 2024 Salary Report:
New York, NY
Chief Compliance Officer Salary + Benefits – $368,046
Compliance Manager Salary + Benefits – $223,146
Compliance Analyst Salary + Benefits (x2) – $375,774
Total – $966,966
San Francisco, CA
Chief Compliance Officer Salary + Benefits – $360,045
Compliance Manager Salary + Benefits – $218,295
Compliance Analyst Salary + Benefits (x2) – $367,606
Total – $945,946
Los Angeles, CA
Chief Compliance Officer Salary + Benefits – $349,377
Compliance Manager Salary + Benefits – $211,827
Compliance Analyst Salary + Benefits (x2) – $356,714
Total – $917,918
Chicago, IL
Chief Compliance Officer – $330,708
Compliance Manager – $200,508
Compliance Analyst (x2) – $337,652
Total – $868,868
Miami, FL
Chief Compliance Officer – $293,370
Compliance Manager – $177,870
Compliance Analyst (x2) – $299,530
Total – $770,770
Major Metropolitan Areas, Median
Chief Compliance Officer – $332,042
Compliance Manager – $201,317
Compliance Analyst (x2) – $339,014
Total – $872,372
With InnReg, you tap into resources with these and more advanced skill sets without the salaries and overhead of an internal team receiving benefits and bonuses.
Not only that, but you only use the services you need from niche experts such as KYC and AML specialists, fraud analysts, and more – tailored to the needs of your business from the team that only works with fintech.
