Compliance Officer Job Description: Salary, Duties, Skills
Deciding to pursue an exciting career as a compliance officer means you'll be in charge of ensuring a company is functioning ethically and legally while it's meeting business goals. Your responsibilities will include advising management regarding possible tasks, developing compliance programs, and reviewing company policies.
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Compliance Officer Job Description Sample
Our organization is actively in search of an experienced and motivated compliance officer. We need an individual who can guarantee that our business processes and transactions are following all relevant internal and legal guidelines. Your responsibilities will include developing company policies, responding to policy violations, and reviewing employee work. Successful candidates must be highly analytical, possess impeccable verbal and written communication skills, and be professional. Top candidates should be fluent in our industry's principles and risk management.
Compliance Officer Salary
According to data collected from PayScale in 2019, the national average salary for a compliance officer is $67,942.00 per hour. That equates to a median wage of, on average, $19.29 per hour. Entry-level compliance officers with less than one year of experience can expect to see salaries of at least $53,000.00 per year. Those who have been working as a compliance officer for twenty years or longer are reporting wages of at least $83,000.00 or higher.
Compliance Officer Job Description For The Resume (Resume Summary)
A driven compliance officer with incredible attention to detail and over seven years' experience. I have a background in legal studies and experience in increasing responsibility in the finance industry. Seeking to leverage my proven industry knowledge and training to take the next career step within your organization. Highly skilled in risk analysis, determining customer eligibility, and the implementation of company policies to meet compliance standards. Demonstrated ability in researching and initiating regulatory changes and industry best practices to drive business goals and increase profits.
Compliance Officer Skills
- Exceptional verbal and written communication skills.
- Incredible attention to detail.
- Can think analytically and has remarkable problem-solving skills.
- Has an acumen for business.
- Extraordinary teamwork skills and ability to work without supervision.
- Excellent interpersonal skills.
- Is highly organized and uses excellent time-management skills.
- Has integrity and is incredibly dependable.
Compliance Officer Duties & Responsibilities
- Implementation and management of a competent legal compliance program.
- Developing and reviewing company policies.
- Advising the management team regarding the compliance with regulations and laws through detailed reports.
- Creating and managing practical actions plans in response to compliance violations and audit discoveries.
- Auditing the company's documents, practices, and procedures for identifying possible risks or weaknesses.
- Assessing the company's operations to determine any compliance risks.
- Ensuring all employees receive education regarding the latest processes and regulations.
- Resolving employee concerns regarding legal compliance issues.
- Has familiarity with all phases for developing and implementing an adequate legal compliance program.
- Possess the developmental skills necessary for creating reliable internal controls and monitoring adherence to each objective.
- Is proactive and knows how to stay ahead of the curve regarding identifying weaknesses before they are problems.
- Can effectively collaborate with outside professionals, including HR and external auditors, as necessary.
Compliance Officer Requirements
- Bachelor's in business management, finance, law, or a relevant field.
- Masters degree in a related field might be preferred.
- Between three and five years' proven experience working as a compliance officer.
- Proven experience working in risk management.
- In-depth knowledge of legal controls and requirements (e.g., AML or Anti-Money Laundering).
- Familiarity with professional standards and industry practices.
- Professional certification (e.g., CCEP—Certified Compliance & Ethics Professional) is a plus.
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