Compliance Officer Job Description

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Compliance Officer Job Description

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Job summary 1

The Compliance Officer is responsible for monitoring and evaluating various lines of business and cross-functional activities performed across similar areas and identifying and supporting effective and sustainable risk management processes across the organization. Individuals will help ensure compliance risk requirements and processes comply with the regulatory requirements, policies, program requirements, and business activities.

Duties & Responsibilities 1

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Serve on a team of risk evaluation and assurance professionals, working to provide an independent Second Line of Defense approach to risk-based monitoring and evaluation by focusing on current, high-impact compliance risks, developing assessments, and providing input over control effectiveness through formal reporting, as well as monitoring remediation activities.
Work independently and with a team on risk-based monitoring and evaluation activities, including risk assessment, monitoring and testing, analysis of findings, and reporting to ensure effective, sustainable risk management processes exist.
Demonstrate a working knowledge of applicable banking/consumer compliance regulations and laws, industry trends, emerging issues, and related banking products (e.g. – lending, deposits, etc.) and the ability to understand their applicability to risk management strategies including the scoping of risk evaluations, monitoring, and design of testing plans.
Utilize knowledge of data analysis tools and techniques to analyze, quantify, and/or assess risks and evaluate controls to identify potential weaknesses and/or control gaps.
document the results or conclusions for testing performed in concise management reports and provide heightened awareness around significant risks and proactive identification, escalation, and remediation of control weaknesses or gaps.
- Review policies and procedures and associated compliance and compliance risk programs to ensure consistency with current applicable banking and securities rules, regulations, and laws.
- Identify and provide process improvement opportunities and future-state control advisory services.
- Develop and maintain strong, collaborative relationships with mid to senior-level management, other internal clients and peers, and Audit.

Requirements & Skills 1

Bachelor's degree, 3 to 5+ years of compliance, risk management, and/or audit experience with a strong focus on risks and controls and risk-based auditing techniques.
Practical working knowledge of financial services compliance and operations including the related rules and regulations of the financial services industry including OCC, FRB, CFPB, State Law, and other pertinent regulations.
Demonstrated skill in effectively communicating (verbal and written) results to a diverse audience; ability to work with all levels of management with a focus on collaboration and relationship management.
Experience with data analysis tools and techniques including advanced concepts of Microsoft Word, Excel, and PowerPoint and/or other analytical software (e.g. – SAS, Tableau, ACL, etc.).
Strong interpersonal skills; ability to work well in a team environment.
- High ethical standards, strong critical thinking, detective, analytical, and problem-solving skills.
- Autonomous, self-motivated, and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment.
- Experience working on projects or initiatives requiring strategic planning/thinking across multiple functional areas and business processes.

Job summary 2

The Compliance Officer will develop, maintain, and administer all aspects of the company’s compliance program adequate to ensure compliance with applicable federal and state laws and regulations. The Compliance Officer is required to be fully knowledgeable and skilled in all areas of federal and state banking laws and regulations, and be able to independently recognize, develop, and implement cost-effective compliance-related solutions for the bank’s compliance program.

Duties & Responsibilities 2

Maintain a comprehensive program for compliance, risk controls, and reviews throughout the organization to ensure company-wide compliance with banking laws and regulatory matters at the federal and state level;
Recommend, develop, and implement changes to existing and proposed procedures, policies, and programs, oversee revision, reparation, and dissemination of new and updated compliance standards and procedures
Keep abreast of regulatory and legal developments governing regulatory compliance;
Provide advice, guidance, and insight to management and staff regarding new/emerging compliance issues. Consult and guide the company in the establishment of controls to mitigate compliance risk;
Provide assistance to management and staff in the formulation of forms and disclosure documents for compliance with all policies and procedures;
- Identify and communicate the need for compliance education programs and oversee the development and implementation of compliance training for all staff members;
- Oversee the development, implementation, administration, maintenance, and day-to-day activities of the Bank Secrecy Act/Anti-Money Laundering Compliance Program; and
- Serve as the bank’s Community Reinvestment Act Officer.

Requirements & Skills 2

Bachelor’s degree or equivalent experience in business administration;
4+ years’ experience in banking with extensive knowledge, experience, and understanding of banking operations, finance, and the banking industry; and
Strong knowledge of banking laws and regulations.
Strong analytical and critical thinking skills as well as effective written and verbal communication, interpersonal and organizational skills;
Ability to work with little or no supervision while performing duties;
Solid organizational skills with a proven ability to multi-task, meet deadlines, and handle multiple projects/priorities/assignments/individuals simultaneously in a fast-paced work environment;
- Ability to work well independently as well as on a team;
- Ability to handle and maintain confidential matters and information; and
- Ability to travel, occasionally overnight.

Job summary 3

This position provides support to the production and corporate management teams involving compliance and licensing issues at all levels. The primary focus is on loan officer licensing, unsecured lending licensing, and company licensing, but will also include state loan-level reporting, insurance licensing, state regulatory examinations, and various other compliance-related projects.

Duties & Responsibilities 3

Work with production and management to insure compliance with all state licensing requirements for individual loan officers and mortgage lenders and servicers, as well as unsecured lending licensing.
Identify high-risk compliance issues and address them appropriately.
Manage resources, time, and organizational skills to meet deadlines, solve problems, prioritize tasks, follow through on projects, and document results.
Review state and federal regulations and effectively interpret requirements affecting compliance and licensing.
- Coordinate wholesale broker and closing agent approvals.
- Provide timely responses to state examiners before, during, and after an examination.
- Complete periodic state reports regarding company operations to ensure deadlines are met timely.

Requirements & Skills 3

College degree preferred.
- 1-2 years previous experience in compliance.
- Current working knowledge of state regulatory requirements.
- Computer proficiency and comfort in various programs (MS Office Suite, Access Databases, etc.).

Job summary 4

We are seeking an experienced Compliance Officer to support the growth of our insurance business. This individual will oversee Company’s internal and regulatory compliance programs, and will develop, implement, and maintain policies, guidelines, and procedures to ensure the company adheres to the requirements of all applicable laws and regulations, industry standards, and risk management practices. This role will support and advise finance, operations, insurance, and technology business partners in the evaluation and development of effective compliance internal controls, monitoring-testing, issues management, program governance, and process improvements. A successful candidate must have outstanding communication and leadership skills, anticipate and deliver on the needs of a fast-paced and innovative business, and manage a wide range of projects.

Duties & Responsibilities 4

Establish, implement, and manage compliance policies, procedures, and monitoring throughout the organization to ensure that the compliance program is effective and efficient in identifying, preventing, detecting, and correcting non-compliance with internal policies and regulatory requirements
Stay up-to-date with regulatory developments, and interpret and apply them across Company’s business
Guide management and employees on ethics, business conduct, and compliance matters including the development and oversight of compliance training programs
- Oversee and implement testing programs to determine the adequacy and effectiveness of compliance controls; develop periodic reporting on test results
- Own corporate-wide compliance metrics and utilize data to support testing efforts and risk assessment
- Oversee third-party examinations and audits; ensure that information requests from insurance carrier partners, auditors, and regulators are completed accurately and on time

Requirements & Skills 4

7+ years of insurance experience, with an extensive background in a compliance, risk management, or legal role, preferably with an MGA or insurance carrier in property and casualty insurance
Significant experience with initiating, developing, implementing, and maintaining written policies and written procedures, testing and risk assessment programs
Comprehensive knowledge of insurance laws and regulations, risk management controls, and internal control processes, as well as experience overseeing internal and external audits
Experience in driving compliance and operational controls applicable to economic sanctions, anti-money laundering, privacy, conflicts of interest, code of conduct, anti-corruption, anti-trust, anti-boycott, insider trading, and records management
- Excellent organizational and communication skills, including the ability to resolve conflict and difficult issues in a professional, assertive, and proactive manner
- Ability to think and act strategically and tactically, multi-task, follow through on projects promptly, and adapt to a fast-paced and changing environment
- Professional certifications(s) such as Certified Regulatory Compliance Manager (CRCM), Certified Risk Professional (CRP), Certified Anti-Money Laundering Specialist (CAMS), Certified Information Privacy Professional, or Certified Internal Auditor (CIA) are a plus

Job summary 5

The Compliance Officer is responsible for overseeing the administration and implementation of the Corporate Compliance Program. The Compliance Officer shall report at least quarterly to the CEO on the operation of the Corporate Compliance Program. The Compliance Officer should seek advice from legal counsel when appropriate.

Duties & Responsibilities 5

Working with the Chief Executive Officer to ensure the company meets necessary state and federal regulatory and compliance approvals.
Assist the CEO with the development of a written policy manual (the “Policy Manual”) setting forth the standards and procedures to be followed by employees, agents, contractors, and staff members; oversee and monitor the updating of such standards and procedures as necessary.
Communicate the Corporate Compliance Plan to employees and other groups through training programs, newsletters, memos, and through other appropriate means. Establish regular training process and process to document regularity and consistency of training on the Corporate Compliance Plan.
Assist department heads in establishing department-level mechanisms to monitor compliance with standards outlined in the Policy Manual.
Receive periodic reports documenting the implementation of such mechanisms and their results.
Assist with the development and communication of a confidential system for employees and others to seek guidance on business conduct issues and to report suspected violations of law or the Policy Manual or other policies and procedures.
- Investigate alleged violations of the Corporate Compliance Plan; work with appropriate parties to remediate violations promptly, properly, and consistently.
- Conduct regular review of the Corporate Compliance Plan functioning to propose modifications, if necessary, to prevent the recurrence of a problem.
- Establish a record-keeping system designated to document the ongoing operation of the Corporate Compliance Plan, including documentation of annual certification of compliance training by all employees.

Requirements & Skills 5

Bachelor’s degree (B. A.) required; post-graduate degree preferred.
Five to seven years of experience working in a regulatory and/or compliance role leading and implementing a comprehensive compliance program, or equivalent experience.

Job summary 6

The Compliance Officer establishes and maintains an effective compliance program to promote awareness of, and compliance with, the Company’s values, applicable laws, regulations, policies, and standards. Reports directly to the President/CEO.

Duties & Responsibilities 6

Provides ongoing leadership, advice, consultation, and guidance on all matters that pertain to compliance and risk management issues.
Builds and maintains positive relationships with managers, executive leadership, and appropriate staff to achieve and sustain compliance program goals and objectives.
Works collaboratively with leadership and staff throughout the organization to provide training, and education and promote awareness of and help resolve regulatory and other applicable standards.
- Works proactively to assess and prioritize risk and compliance issues and to identify, monitor and improve key processes and internal controls.
- Prepares and submits reports to the Health Services Administrator, Executive Leadership Team, and Board of Directors.
- Keeps up-to-date on laws and standards governing health services compliance and risk management and maintains professional credentials through continuing education.

Requirements & Skills 6

Job summary 7

Our company is searching for a motivated and experienced Compliance Officer to guarantee that our business processes and transactions follow all relevant legal and internal guidelines. Your duties will include reviewing employee work, developing company policies, and responding to policy violations. The ideal candidate will be professional, highly analytical, and possess excellent written and verbal communication skills. To prosper in this role, you should be fluent in risk management and our industry’s principles.

Duties & Responsibilities 7

Requirements & Skills 7

Job summary 8

The Compliance Officer’s primary responsibility will be to assist the Chief Compliance Officer in the oversight of each firm’s corporate compliance program, to insure that each firm (and its respective employees) complies with the rules and regulations of regulatory agencies, company policies and procedures and firm-wide standards of conduct.

Duties & Responsibilities 8

Developing, implementing, and monitoring policies and procedures for each firm’s compliance with securities and fiduciary laws and regulations. This will include staying abreast of developments in the compliance and legal industries, as well as industry-wide “best practices” to revise policies and procedures from time to time to maintain best-in-class policies and procedures for each firm. In addition, the Compliance Officer will be responsible for the day-to-day operation of the compliance program.
Developing and implementing periodic training for employees of each firm to insure employee awareness of firm policies and procedures, including Anti-Money Laundering, privacy, and Code of Ethics policies.
- Monitoring and, as necessary, coordinating compliance activities of various departments to remain abreast of compliance matters and identify trends.
- Identifying potential areas of compliance vulnerability and risk.
- Conducting new employee compliance orientations.

Requirements & Skills 8

Job summary 9

The Compliance Officer position will provide outstanding taxpayer assistance by multiple communication methods through education and administration of compliance programs and processes.

Duties & Responsibilities 9

Provide high-quality taxpayer assistance and information regarding tax law, administrative rules, policy, and department procedures,
- Research and maintain a working knowledge of tax laws, rules, and administrative policies,
- Assist in the administration of sales tax compliance section processes and programs,
- Utilize the department's integrated tax system and database software to complete work duties.

Requirements & Skills 9

Requires a bachelor's degree with a major in business or public administration, accounting, or economics.

Job summary 10

The Compliance Officer supports department practices and objectives that will provide an employee-oriented, high-performance culture that emphasizes empowerment, quality, productivity, standards, goal attainment, and the ongoing development of a superior workforce.

Duties & Responsibilities 10

Requirements & Skills 10

Minimum of 5 years experience in a compliance role, preferably with ISO experience
Experience in infrastructure development, quality management, compliance auditing
Degree in business analytics or equivalent experience
Experience in strategic planning, continuous improvement, organizational development
- Excellent oral and written communication and the ability to make effective presentations to all levels of the organization are required.
- Training experience: developing and facilitating programs.
- Requires strong organizational skills and the ability to complete multiple complex tasks in a timely fashion.

Frequently asked questions

What are the 2 main duties of a compliance officer?

The primary duty of a compliance officer is to ensure that an organization is operating by all relevant laws, regulations, and internal policies. Here are the two main duties of a compliance officer:

Developing and Implementing Compliance Policies: The compliance officer is responsible for creating and implementing policies and procedures that ensure the organization is complying with all applicable regulations and laws. This includes creating training materials, monitoring compliance, and conducting regular risk assessments.

Monitoring and Reporting on Compliance: The compliance officer is responsible for monitoring the organization's compliance with laws and regulations, and reporting any non-compliance or potential compliance risks to senior management. This may involve conducting internal audits, reviewing records and documents, and collaborating with other departments within the organization.

Overall, a compliance officer must be able to identify potential compliance risks, create policies and procedures to mitigate those risks, and monitor the organization's compliance with those policies to ensure the organization is operating by all applicable laws and regulations.

What are the skills of compliance officers?

The specific skills required for a compliance officer can vary depending on the industry, company, and job requirements, but generally, compliance officers should have the following skills:

Knowledge of Regulations and Laws: Compliance officers should have a deep understanding of relevant regulations, laws, and industry standards.

Analytical Thinking: Compliance officers must be able to analyze data, identify patterns and trends, and make sound decisions based on that information.

Attention to Detail: Compliance officers must have a keen eye for detail and be able to identify and correct errors in documentation or processes.

Communication Skills: Compliance officers must be able to communicate effectively with all levels of the organization, as well as external stakeholders, and present complex information clearly and concisely.

Training and Education: Compliance officers should have experience creating training programs, developing educational materials, and delivering training sessions.

Risk Management: Compliance officers must be able to identify and manage compliance risks for their organization.

Project Management: Compliance officers should have experience managing projects, developing timelines, and meeting deadlines.

Ethics: Compliance officers must maintain high ethical standards and ensure that their company complies with all relevant regulations and laws.

Problem-Solving: Compliance officers must be able to identify and resolve compliance issues, often under time pressure.

Technology Skills: Compliance officers should be familiar with compliance software and systems, as well as spreadsheet programs and other productivity tools.

Olivia Powell
Recruiting expert

Last updated Sep 27

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Compliance Officer Job Description

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Frequently asked questions

What are the 2 main duties of a compliance officer?

What are the skills of compliance officers?

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