Financial Crime World

Compliance Officer Job Responsibilities in Russian Federation

A compliance officer in the Russian Federation plays a vital role in ensuring that organizations adhere to regulatory guidelines and maintain ethical standards. In this article, we will explore the average salary for compliance specialists in Russia, job responsibilities, cost of living, and salary forecast.

Average Salary

According to recent data, the average base salary for a compliance specialist in Russia is 1,403,547 RUB (approximately $22,000 USD) per year, with an average hourly rate of 674.78 RUB ($10.50 USD). Additionally, they can expect an average bonus of 48,282 RUB ($760 USD) annually.

Salary by Experience Level

The salary for compliance officers in Russia varies depending on experience. Entry-level professionals earn an average of 1,018,931 RUB (approximately $16,000 USD) per year, while senior-level professionals can earn up to 1,749,213 RUB (around $27,000 USD) per year.

Job Responsibilities

As a compliance officer in Russia, key responsibilities include:

  • Reviewing and Implementing Compliance Procedures: Reviewing and implementing compliance procedures covering the privacy of access to patient health information.
  • Coordinating Internal and External Changes: Coordinating internal and external changes associated with products or services to ensure legal compliance with regulatory guidelines.
  • Conducting Regular Compliance Audits: Administering regular compliance audits and investigating/resolving complex compliance issues.

Cost of Living

The cost of living in Russia is relatively low compared to other developed countries. According to SalaryExpert, the cost of living index for Russia is 76.25, which means that it is approximately 23.75% lower than the global average.

Salary Forecast

Based on our compensation data, the estimated salary potential for compliance specialists in Russia will increase by 27% over the next five years, reaching an estimated salary of 1,789,002 RUB (around $28,000 USD) per year by 2029.

For more information on salaries and cost of living in Russia, visit SalaryExpert’s website or download our free white papers to learn more about our products.