Compliance Manager Job Description Template

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Compliance Manager Job Description Template

Job Brief

We are looking for an experienced Compliance Manager to ensure our company adheres to legal standards and in-house policies. You will be responsible for enforcing regulations in all aspects and levels of business as well as provide guidance on compliance matters.

A great Compliance Manager is well-versed in legal guidelines and corporate governance best practices. They are professionals of high ethical standards and work diligently to complete their duties keeping in mind the objectives of the business. You must be comfortable saying “no” when necessary and be result-oriented.

The goal is to preserve the company’s integrity by making sure it stays on a lawful and ethical course.

Responsibilities

  • Develop and oversee control systems to prevent or deal with violations of legal guidelines and internal policies
  • Evaluate the efficiency of controls and improve them continuously
  • Revise procedures, reports etc. periodically to identify hidden risks or non-conformity issues
  • Draft, modify and implement company policies
  • Collaborate with corporate counsels and HR departments to monitor enforcement of standards and regulations
  • Assess the business’s future ventures to identify possible compliance risks
  • Review the work of colleagues when necessary to identify compliance issues and provide advice or training
  • Keep abreast of regulatory developments within or outside of the company as well as evolving best practices in compliance control
  • Prepare reports for senior management and external regulatory bodies as appropriate

Requirements

  • Proven experience as compliance manager
  • In-depth knowledge of the industry’s standards and regulations
  • Excellent knowledge of reporting procedures and record keeping
  • A business acumen partnered with a dedication to legality
  • Methodical and diligent with outstanding planning abilities
  • An analytical mind able to “see” the complexities of procedures and regulations
  • Excellent communication skills
  • BSc/BA in law, finance, business administration or related field
  • Certified compliance professional is a plus

What does Compliance Manager do?

A Compliance Manager is responsible for ensuring that a company adheres to relevant laws, regulations, and industry standards. On a day-to-day basis, their duties may include:

  1. Developing and implementing compliance policies and procedures.
  2. Conducting compliance audits to identify potential risks and areas for improvement.
  3. Providing guidance and education to employees on compliance requirements.
  4. Monitoring changes in laws and regulations and assessing their impact on the organization.
  5. Collaborating with other departments to address compliance issues and develop solutions.
  6. Investigating and addressing compliance violations and taking corrective actions when necessary.
  7. Maintaining documentation and records related to compliance activities.
  8. Keeping a record of compliance breaches, risks, and incidents.
  9. Conducting compliance training and workshops for employees.
  10. Staying updated on industry best practices and emerging trends in compliance.

Overall, a Compliance Manager ensures that the organization operates within legal and regulatory boundaries, mitigates risks, and maintains a culture of compliance throughout the company.