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Compliance Officer Job Responsibilities in Russian Federation: Average Pay, Salary Range, and Education Requirements

In the Russian Federation, a Compliance Officer plays a crucial role in ensuring that an organization adheres to applicable laws and regulations.

Average Pay and Salary Range

According to data from ERI Economic Research Institute, the average pay for a Chief Compliance Officer in Russia is RUB 3,530,510 per year and RUB 1,697 per hour. The average salary range for a Chief Compliance Officer in Russia is between RUB 2,347,789 and RUB 4,402,546.

Education Requirements

Interestingly, on average, a Bachelor’s Degree is the highest level of education required to become a Chief Compliance Officer in this country.

Data Collection Methodology

ERI’s compensation data are based on salary surveys conducted and researched by ERI, which collects information directly from employers and anonymous employees in Russia. The data takes into account various factors such as: * Housing sales * Rental rates * Gasoline prices * Consumables * Medical care premium costs * Property taxes * Effective income tax rates

Job Responsibilities

In their role, a Compliance Officer is responsible for: * Directing, developing, and overseeing compliance programs to ensure that the organization complies with applicable laws and regulations. * Establishing an internal review process and preparing the organization for external audits and tests. * Providing guidance and training to officers and directors to minimize the risk of non-compliant behavior and increase awareness of industry standards and best practices.

Future Outlook

ERI’s data suggests that the average pay for a Chief Compliance Officer in Russia is expected to increase by RUB 4,500,091 by 2029, representing a 5-year change of +27.1%.

Additional Resources

For those interested in exploring further, ERI offers: * Actuarial salary survey data * Benchmark salary and pay information * Shift differential pay data to help users accurately price jobs based on industry-specific shift differential policies

Conclusion

Overall, becoming a Chief Compliance Officer in Russia requires a strong educational background, excellent leadership skills, and a deep understanding of compliance regulations. With an average salary range of RUB 2,347,789 to RUB 4,402,546 per year, this role offers attractive compensation packages for those who excel in their profession.