Compliance Officer Job Description Example

By | December 5, 2016
Compliance officer job description, duties, tasks, and responsibilities

Compliance officers also organize training programs that inform company staff of the need to adhere to established regulatory requirements.

Compliance Officer Job Description Example

What Does a Compliance Officer Do?

Compliance officers are responsible for carrying out enforcement services to ensure an organization or business adheres to set improvement and internal company policies, regulations and procedures.

Their job description entails assisting establishments in maintaining consciousness of the numerous laws and regulatory requirements affecting the smooth operation of a firm.

In performing their duties, compliance officers design schedules and timetables for use in inspecting management practices of their firm.

Their role also involves conducting periodic assessment of an organization’s operations to ascertain if they are in line with set external and internal rules.

They also develop and implement necessary strategies to minimize the risk of non-compliance.

Compliance officers have the expertise to create and interpret reports of inspection, which provides useful information for taking appropriate business decisions and for making necessary changes in work procedures.

Their work description also entails maintaining an up-to-date knowledge of specialized and general business regulations and laws so as to be able to effectively handle any risk that may arise.

They also observe compliance risk controls to determine deviations and suggest recommendations on how to manage non-compliance issues.

As part of their duties, compliance officers are required to explain relevant policy or regulation in detail to company management team and staff for them to have an insight or understanding of a particular law.

They make necessary correction as well as resolve issues of non-compliance in a way that prevents recurrence and encourages set rules to be adhered to.

Usually, compliance officers put together training programs to enlighten company staff of the benefits and the consequences of adhering to and not following established regulatory requirements.

They collaborate with relevant authorities and professionals to analyze and develop compliance standards.

They may also carry out relevant laboratory or technical tests on company products, equipment or environment when performing compliance inspection.

As part of their strategy for minimizing compliance risks, these officers in performing their duties carry out amendment of policies.

They usually prepare for external compliance audits by promptly carrying out internal audits, ensuring that all regulatory requirements are duly followed.

As part of their tasks, compliance officers are expected to attend educational programs and conferences to keep themselves knowledgeable of current regulatory developments.

The educational requirements to access a compliance officer position differ with industries.

A compliance officer in the finance industry will require a business-related degree, while a health or industrial compliance officer may need to major in a science discipline.

To succeed in this career, the qualities you need include analytical, communication, and ethical skills.

Compliance Officer Job Description Example/Template

The compliance officer’s duties, tasks, and responsibilities are shown in the job description example below:

  • Prepare schedules and timetables for the inspection of management practices
  • Conduct periodic assessment of an organization’s operations to ensure they are in line with external and internal regulations
  • Develop and implement strategies necessary for minimizing risk of non-compliance
  • Produce and interpret reports of inspection to provide information useful in taking appropriate business decisions
  • Maintain an up-to-date knowledge of specialized and general business policies in order to effectively manage risks
  • Monitor compliance risk controls to identify deviations and proffer recommendations on management of compliance issues
  • Elaborate policy details to company management to provide insight and understanding of set laws
  • Correct and address issues of non-compliance in a manner that limits recurrence and promotes adherence to set rules
  • Organize training programs to enlighten company staff on the benefits and consequences associated with either complying or defying external or internal regulations
  • Liaise with relevant authorities and professionals to analyze and develop standards for complianc
  • Conduct amendment of policies as part strategies for minimizing compliance risks
  • Prepare for external compliance audits by carrying out internal audits to ensure all regulatory requirements are maintained
  • Perform laboratory or technical tests on company products, equipment or environment when conducting compliance inspection
  • Attend educational programs and conferences to stay up-to-date on regulatory developments.

Compliance Officer Resume Preparation

In preparing a compliance officer resume, the above listed duties and responsibilities are useful in filling out the work experience section of the resume.

So, if you have worked before in as a compliance officer or are currently on the job and you need to make a new resume, you can simply adopt the functions of the role in the above sample job description in making the work experience part of the resume.

You may however need to modify the content in the above work description to properly suit the duties you actually carried out.

Requirements – Skills, Abilities, and Knowledge – for Compliance Officer Job

If you are interested in the job of a compliance officer, here are important requirements of most employers that you will need to meet to stand a chance of being hired:

  • Education and Training: To become a compliance officer, you require a Bachelor’s degree in relevant business or science discipline. Working as a compliance officer in the finance field may require an accounting, economics, or a related business degree, while an environmental compliance officer may require an environmental science or law degree
  • Analytical Skills: Compliance officers are adept at conducting inspections and audits to determine if a company conforms to set external and internal regulations
  • Communication Skills: They are able to interpret inspection results as well as proffer compliance recommendations to company management using appropriate language and expression
  • Ethical Qualities: Compliance officers exercise a high level of integrity and honesty in performing their duties.

Compliance Officer Skills for Resume

The above stated qualities provide insight into what employers usually require from applicants for the compliance officer job.

You can therefore take advantage of this information in creating the skills section of your resume.

You must however make sure that you have acquired the above qualities before applying them in making your skills section.

Employers stand to give resumes that reflect what they are looking for in a compliance officer more attention and favorable action than those that do not.

Conclusion

If you are aspiring to work as a compliance officer, it’s a good thing to seek to know what the role entails so that you can properly prepare for it.

This post details the duties and responsibilities of compliance officers to increase your understanding of the job.

Employers looking to hire effective compliance officers will find the job description template given above useful in making their own for recruiting and assigning duties to new staff.

Did you find this post helpful in knowing more about what compliance officers do? Let’s know what you think about this post by making a comment in the box below; you may also share compliance officer work experience you’ve got.