Compliance officer job description and profile

A compliance officer’s job is to ensure that the company is functioning according to specified state and federal law and order. It is very responsible job and entails lot of dedication and hard work. A compliance officer is required in all institutions in order to keep a check on the functioning of the company.

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Compliance officer duties and responsibility

The duties and responsibilities of a compliance officer are:

  • Assisting the chief compliance officer in formulating internal code of conduct for the company
  • Ensuring that the company is functioning as per laws
  • Ensuring that there is no illegal activity going on the company
  • Interacting with the employees of different departments to obtain a comprehensive view of the company
  • Formulating rules and regulations on financial and marketing strategies
  • Interacting with corporate attorneys in order to ascertain corporate laws

Compliance officer skills and specifications

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The skills and specifications required for a compliance officer are:

  • Excellent knowledge about federal and state laws pertaining to the finance and the general functioning of the company
  • Excellent legal knowledge
  • Good analysis skills
  • Excellent oral and written communication skills
  • Sound knowledge about basic computer applications like word processors and computations
  • A sound understanding of financial matters so as to be able to interpret financial reports
  • Ability to keep abreast of the latest rules, laws and regulations of the government

Compliance officer education and qualifications

The education and qualifications required for a compliance officer are:

  • A bachelor’s degree in management
  • A certified course in federal laws
  • A bachelor’s degree in law
  • A postgraduate degree will help in faster professional growth

An applicant will have a higher scope of obtaining the job of a compliance officer if he holds a license for practicing law.

Compliance officer salary

The salary of the compliance officer ranges between $42,035 and $67,660.

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