Bank Compliance Officer Job Description Example

By | August 23, 2023
Bank compliance officer job description, duties, tasks, and responsibilities
Bank compliance officers ensure banks adhere to established internal and external laws.

Bank Compliance Officer Job Description Example

What Does a Bank Compliance Officer Do?

Bank compliance officers are responsible for conducting audits and inspections to ensure a bank adheres to set internal and external laws.

The bank compliance officer job description entails monitoring and analyzing risk areas in a bank’s operation to ensure observance of state or federal laws.

Bank compliance officers evaluate policies/procedures and ensure they are in line with all regulations on mortgage and customer deposits.

They conduct research on established banking laws to ensure non-violation of federal laws.

They also implement and adjust to new regulations passed by state or federal government bodies.

As part of their work description, these officers proffer compliance advice to the risk management unit of an organization.

They liaise with the bank chief operating officer to ensure proper implementation of compliance policies.

They also carry out research to stay abreast with public interest and consumer protection laws.

The role of compliance officers in banks also involves overseeing the training of newly recruited personnel and bank staff.

They conduct audits to identify areas of non-compliance and initiate solutions to address identified risks.

They also design and implement compliance programs to educate bank staff on new regulations.

Usually, bank compliance officers ensure clients carry out banking activities within acceptable legal boundaries.

They report illegal financial activities to proper authorities to protect the reputation of a bank.

They also manage compliance resources to ensure efficient operations.

In fulfilling their role, bank compliance officers review and revise organization internal policies to prevent illegal conduct in a bank.

They monitor bank activities to ensure bank staff and entire management is in line with internal and external policies.

They also assist and support external auditors during bank audit.

Compliance officers in a bank basically manage all the details of a compliance program from planning, organizing, and controlling of a bank’s compliance activities.

To work in this field requires a Bachelor’s degree in accounting, economics, law, or in any other business discipline.

Experience and industry certification is also required to be hired for the position.

Some of the qualities required for success on the job include accounting, communication, and IT skills.

Bank Compliance Officer Job Description Example/Template

The various tasks, duties, and responsibilities of a bank compliance officer are shown in the job description example below:

  • Develop and implement compliance model required for a bank to operate within acceptable standards
  • Liaise with senior managers to ensure proper implementation of established compliance policies
  • Review internal bank policies to ensure they align with external banking regulations
  • Conduct research to identify new regulations passed by state or federal governing bodies
  • Monitor client financial activities to ensure they are legal and in compliance with internal and external bank policies
  • Collaborate with other departments such as the risk management or internal audit unit to forward compliance issues for investigation
  • Initiate or recommend an investigative process in response to complaints of policy or procedural violation
  • Develop systems for the handling and resolution of policy violation
  • Conduct internal audits prior to an external audit to ensure bank policies and operations are up to standard
  • Monitor the operations and procedures of the different sections of a bank to ensure overall compliance
  • Carry out assessments to identify areas of potential compliance risks in order to implement preventive/corrective strategies to address compliance issues
  • Provide reports on a regular basis to senior management to keep them updated on progress of compliance operations
  • Organize compliance programs to educate bank staff on recent and already existing compliance requirements
  • Participate in seminars, conferences, and workshops to improve job knowledge.

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

If you are interested in working as a compliance officer in a bank, here are the major job requirements usually set by most employers for applicants to access the position:

  • Education and Training: To become a compliance officer, you require a Bachelor’s degree in accounting, finance, law, economics, or a related business discipline. Certifications such as CRCM, CBCO, or CRCP are also necessary for the job position. Prior experience in investment banking or financial management is required for the position
  • Accounting Skill: compliance officers are able to analyze financial records to identify inconsistencies in accounts
  • Communication Skill: They are adept to interacting with bank staff to communicate compliance requirements
  • IT Skills: They are proficient in the use of risk management tools and systems to analyze the degree of compliance with external regulations.


This post provides information about the duties and responsibilities usually assigned to compliance managers in banks.

If you are interested in this job, this information will help you learn more about the functions of the position and to prepare for it.

Also, if you need to hire for the position, you can apply the sample bank compliance officer job description shown above as a template to guide you in designing one for recruiting new staff and allocating responsibilities to them.

Did this post increase your understanding of what compliance officers in banks do? Let’s know what you think about this article by making a comment in the box below. You can also share your work activities if you are a compliance officer working in a bank.