Compliance Professionals

Headline stats

58% male, 40% female – 2% prefer not to say
91% full time, 9% part-time
98% employed
11% in process of Level 4
47% qualified to Level 4
25% Chartered
2% Expect Chartered in 2024
Average age 49.8

Size of organisation

Reflecting employment across the board from the smaller adviser practices to the largest provider.

Organisation Size	Compliance Professional
5 - 10	4%
11 - 20	7%
21 - 50	14.5%
51 - 100	5%
101 - 250	18%
251 - 500	14.5%
501 - 1000	13%
More than 1000	24%

Salaries

Average Salary	Compliance Professional
Current Salary	£63,563
Previous Salary	£59,050
% Increase	7.6%

Distribution of salaries

Salary Range	Compliance Professional
£20,000 - £40,000	11%
£40,000 - £60,000	43%
£60,000 - £80,000	24%
£80,000 - £100,000	9%
£100,000+	13%

Bonuses

Average Bonus	Compliance Professional
Recent Bonus	£5,880
Previous Bonus	£6,600
% Increase	-10.9%

Distribution of bonuses

Bonus	Compliance Professional
<£10,000	76%
£10,000 - £20,000	21%
£20,000 - £40,000	3%

Earnings

Despite a fall in bonus levels Compliance Professionals showed an increased earnings level of 5.8%

Employed Earnings	Compliance Professional
Current	£69,443
Previous	£65,650
% Increase	5.8%

Distribution of earnings

Consumer Duty represents the biggest challenge to date in terms of its impact on all aspects of the business for all regulated firms, so the role of compliance must meet this challenge. This earnings spread will embrace some larger firms and more senior individuals. For example, those employed in firms with more than 1000 employees have average earnings of £90,374.

Employed Earnings	Compliance Professional
£20,000 - £40,000	9%
£40,000 - £60,000	41%
£60,000 - £80,000	22%
£80,000 - £100,000	10%
£100,000 - £120,000	9%
£120,000+	9%

Bonus basis

For compliance professionals the Discretionary approach to bonus setting is the clear favourite.

Bonus Calculation	Compliance Professional
Formulaic	3%
Discretionary	71%
KPI	18%
Profit Share	32%
Other	3%

Distribution of qualifications

As you’d expect this group are highly committed to the qualification process. With 15% in the N/A box we’d expect this to be explained by individuals with legal qualifications.

Professional Qualifications	Compliance Professional
In process of achieving Level 4	11%
QCF Level 4	47%
Chartered (or equivalent)	25%
Expect to attain Chartered (or equivalent) in 2024	2%
N/A	15%

Impact of qualifications on earnings

Once again showing the clear positive relationship between qualifications and earnings.

Earnings - Quals	Compliance Professional
In process of achieving Level 4	£53,838
QCF Level 4	£65,827
Chartered (or equivalent)	£78,243
Expect to attain Chartered (or equivalent) in 2024	£41,000
N/A	£81,825

Age distribution

Compliance professionals are the oldest on average of the roles covered by this Census. Very few under 30 with largest number in the 50-60 age range. Experience is an essential characteristic in this critical role.

Age	Compliance Professional
20 - 30	2%
30 - 40	15%
40 - 50	29%
50 - 60	36%
60 - 70	18%

Impact of gender on earnings

This is a more modest pay gap of 5.6% and we would hope to see it narrowing to zero in the years ahead.

Earnings - Gender	Compliance Professional
Male	£71,153
Female	£67,353
Prefer not to say	£62,500