Adrienne SmithWhat Does a Compliance Officer Do?
Compliance officers (or compliance managers) create, develop, enforce, and continually update company policies to meet or exceed external regulatory guidelines. They must stay informed of all regulatory structures and changes within the industry, and they then must communicate that information clearly and effectively to internal stakeholders.
Compliance Officer Job Overview
In the compliance officer role, you will oversee the company’s compliance programs and make sure they are consistent with the law and industry regulations. You will also see to it that the company minimizes its exposure to regulatory risk. Success in this role will be demonstrated by ensuring the firm’s employees understand and adhere to all legal and ethical requirements.
Compliance Officer Job Responsibilities and Duties
- Develops and updates company policies
- Informs employees when policies change
- Advises employees on how to ethically and legally handle unique situations
- Reprimands violators and takes the necessary steps to avoid recurring offenses
- Documents all compliance-related reports
- Assesses the company’s overall compliance risk
Compliance Officer Job Requirements
- Minimum of 5 years of experience in a similar role
- Bachelor’s degree in Finance, Law, or any related field
- Knowledge of legal requirements and industry regulations
- Strong communication skills (verbal and written)
- Pays attention to details
- Makes ethically sound decisions
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