Compliance Officer Job Description Template

Job Brief

We are looking for a Compliance Officer to ensure that our operations and business transactions follow all relevant legal and internal rules. You will also review employees’ work and provide advice on compliance.

To succeed in this role, you should be a reliable professional who is not afraid to speak their mind and stand by their decisions. You should be familiar with risk management and our industry’s standards. If you also have a sharp business acumen, we’d like to meet you.

Your goal will be to ensure we operate in a legal and ethical manner while meeting our business objectives.

Responsibilities

Develop and implement an effective legal compliance program
Create sound internal controls and monitor adherence to them
Draft and revise company policies
Proactively audit processes, practices and documents to identify weaknesses
Evaluate business activities (e.g. investments) to assess compliance risk
Collaborate with external auditors and HR when needed
Set plans to manage a crisis or compliance violation
Educate and train employees on regulations and industry practices
Address employee concerns or questions on legal compliance
Keep abreast of internal standards and business goals

Requirements

Proven experience as a Compliance Officer or Compliance Manager
Experience in risk management
Knowledge of legal requirements and controls (e.g. Anti-Money Laundering, or AML)
Familiarity with industry practices and professional standards
Excellent communication skills
Integrity and professional ethics
Business acumen
Teamwork skills
Attention to detail
BSc/BA in law, finance, business administration or a related field
Professional certification (e.g. Certified Compliance & Ethics Professional (CCEP)) is a plus

What does Compliance Officer do?

A Compliance Officer is responsible for ensuring that an organization follows all applicable laws, regulations, and internal policies. Here are some of the tasks and responsibilities they may have on a day-to-day basis:

Monitoring compliance: Regularly reviewing and analyzing business operations to ensure compliance with relevant laws and regulations.
Policy development: Developing and implementing policies and procedures to ensure adherence to compliance standards.
Compliance training: Conducting training sessions to educate employees on compliance policies and regulations.
Risk assessments: Identifying potential areas of risk within the organization and developing strategies to mitigate them.
Internal audits: Performing internal audits to assess the effectiveness of compliance controls, identifying gaps, and recommending improvements.
Compliance reporting: Preparing and submitting required compliance reports to regulatory agencies and management.
Responding to complaints and inquiries: Investigating and addressing complaints related to compliance issues and responding to external inquiries.
Communication and collaboration: Collaborating with various departments and stakeholders to ensure compliance requirements are met and providing guidance on compliance issues.
Keeping up with regulatory changes: Staying updated on changes to laws and regulations that affect the organization and implementing necessary changes accordingly.
Monitoring industry trends: Staying informed about industry best practices and emerging trends in compliance to maintain the organization's competitive advantage.

These tasks may vary depending on the industry, size, and complexity of the organization. Compliance officers play a critical role in promoting ethical behavior and maintaining the overall integrity of the organization.

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