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.