Compliance officers are, at times, referred to as compliance managers. These professionals are part of the company’s operational or legal departments, where they ensure that entities function legally and ethically as they rush to meet their goals.
In case you are eyeing a compliance officer job opening, we have something for you. This article will discuss the roles and responsibilities of compliance officers and the surrounding requirements, be it academic, experience, or skills, to familiarize you with the position. We have also included two resume examples as guidelines when preparing your resume. Let’s delve right into this position’s description.
Compliance officers ensure that all company operations adhere to legal and ethical requirements. These professionals create compliance programs with the help of executive management, review the existing company policies, and offer advisory services to the management, especially on potential risks.
As a risk manager, your main role will be to ensure that all your company’s business processes and transactions adhere to all legal and internal directives. Remember that you owe the employing organization a duty to collaborate with the management to identify and manage different regulatory risks.
Roles and Responsibilities
- Ensuring that all business processes and transactions are at par with all legal and internal directives
- Implementing and managing a successful legal compliance program
- Working closely with management and staff in the identification and management of different regulatory risks
- Developing and reviewing the company’s policies
- Conducting a thorough assessment of all company operations to identify compliance risk
- Offering advisory services to the company’s management on laws and regulations compliance
- Preparing detailed reports to be presented to management on the company’s compliance with laws and regulations
- Answering employee queries and concerns about legal compliance
- Educating employees on the most recent regulations and processes to ensure compliance
- Performing thorough auditing on the company’s practices, documents and procedures to identify and mitigate risks
- Coming up with effective action plans based on audit discoveries and non-compliance
- Helping organizations avoid looming lawsuits through compliance with state and federal laws
- Establishing metrics to track the company’s compliance
- Building and maintaining a compliance resource library that employees can refer to whenever they are at crossroads
- Establishing a system for tracking different compliance metrics
- Tracking business activities of the organization and coming up with written policies and documentation related to them
- Staying updated on both state and federal laws touching on the organization and updating policies to reflect them
Required Knowledge and Skills
- Extensive knowledge of industry best practices and protocols
- In-depth knowledge of state and federal laws that apply to the given industry
- Updated knowledge of legal procedures and requirements
- Familiarity with professional standards and specific industry practices
- Excellent verbal and written communication skills
- Ability to work in team settings
- Excellent analytical skills
- Ability to interpret technical documents and policies with utmost clarity
- Excellent time management skills
- Outstanding organizational skills
- Ability to accept suggestions from team members
- Excellent collaboration skills
- Attention to details
- High ethical standards
- A strong moral code
- Excellent interpersonal skills
- Outstanding reporting skills
- Business Acumen
Education and Experience
- A Bachelor’s degree in business management, finance, law, or any other related field
- Proven experience working as a compliance officer in legal departments of companies or risk management
- Experience in risk management
- A professional certification, such as CCEP- Certified Compliance & Ethics Professional
Compliance officers save companies millions of dollars yearly in lawsuits and settlements by ensuring their adherence to all state and federal laws; for that, they are well compensated. Even though Glassdoor has no salary reports for these professionals, it has estimates from different companies that can help us establish their salary range. Companies such as Citi pay compliance officers an average of $82,000 yearly, while Wells Fargo and JP Morgan pay roughly $81,000 and $83,000 yearly.
Inferring from the abovementioned salaries, you should expect a salary of $80,000+ as a compliance officer.
Compliance Officer CV Example 1
Physical address: 515 Laguna Dr, Rohnert Park, CA 98064
Email address: email@example.com
Phone number: (789) 567- 9807
A diligent compliance officer with 9+ years of experience working in diverse compliance teams. A highly skilled professional with updated knowledge of legal requirements and procedures and industry best practices. A self-motivated team worker ready to enforce regulatory compliance and handle compliance-related issues with utmost tact and professionalism.
04/2019- 08/2022, Compliance Officer, Rael Companies, San Bruno, CA
- Implemented and managed a successful legal compliance program for a $20M Company
- Developed and renewed company policies to mirror state and federal laws and regulations with the help of 3 members of the compliance department
- Prepared detailed monthly and annual reports on the company’s compliance, complete with recommendations, and presented them to the management
- Resolved legal compliance concerns of 500+ employees
- Regularly performed audits on different company documents, general procedures, and practices and bridged possible risks and weaknesses
- Mentored 5+ junior compliance officers on best practices, policies, and regulations, creating a highly skilled and effective compliance department
- Ensured that all the 500+ employees were well educated on regulations and processes, reducing non-compliance-related issues by 90%
- Organized regular training sessions on the latest laws, regulations, and processes for groups of 50 employees, delivered physically and online
02/2016- 03/2019, Junior Compliance Officer, Fernandes Solutions, Oakland, CA
- Reviewed all business processes and operations in collaboration with other compliance officers to ensure that they were 100% compliant with set rules and regulations
- Prepared weekly and monthly compliance reports and recommendations and forwarded them to the senior compliance officer
- Wrote detailed instructions for three organizational departments for guidelines interpretation and implementation assistance
- Monitored training requirements for 100+ employees
- Regularly updated business unit management in collaboration with a 5-member compliance team to meet regulatory environment changes
- Regularly reviewed marketing materials to ensure that they complied with industry practices and regulations
03/13- 06/15, Legal Intern, Peter & Harrison LLP, Los Angeles, CA
- Followed attorneys’ instructions in drafting 5+ legal documents such as pleadings, motions, complaints, and briefs
- Offered legal case support to 5 attorneys by extensively researching legal precedents and applicable legislation
- Regularly prepared and filed legal documents with courts and various agencies
- Participated in 100= criminal cases by accurately drafting plea bargains
- Gathered accurate information about facts of 100+ cases for the five attorneys by interviewing those involved, including clients and witnesses
- 04/2009- 06/2012, Bachelor of Laws (LLB), Harvard School of Law, Cambridge
- 02/2007- 12/2008, High School Diploma, Burnt Senior High School, California
- Risk assessment
- Information Technology
- Data entry
- Verbal and written communication
- Decision making
- Active listening
- Stress management
- Conflict management
- Time Management
- 06/2016, Certified Regulatory Compliance Manager (CRCM)
- 05/2014, Certified Compliance and Ethics Professional (CCEP), Compliance Certification Board
Compliance Officer CV Example 2
Physical address: 560 Laguna Dr, Rohnert Park, CA 98065
Email address: firstname.lastname@example.org
Phone number: (868) 465-7898
Certified compliance and risk professional with 10+ years of experience working in different fields. A law expert with in-depth knowledge of state and federal laws applying to different industries. Self-motivated and hardworking compliance professional ready to collaborate with a diverse team for the organization’s success.
03/2019- 05/2022, Senior Compliance Officer, Subways Group of Companies, San Fernando, CA
- Regularly updated the organization’s compliance database and prepared both monthly and annual reports to be presented to customers and management
- Managed a 10+compliance member team, including three compliance officers, ensuring that they were well equipped and hence 100% productive
- Regularly trained employees on industry guidelines to ensure 100% compliance
- Coordinated with five departments within the company, including sales and marketing, to ensure that all regulatory requirements were met in all their operations
- Trained five junior complaint officers on compliance policies and procedures, ethics, and relevant laws and policies, improving their overall performance and productivity by 25% in the first quarter
- Reviewed and investigated at least 20 complaints from the employees and customers monthly on possible laws and policy violations in close collaboration with the 10-member compliance team
- Created 30+ new policies and procedures to be followed by the organization based on new state and federal legislation
- Saved the company $50,000+ yearly in legal fees by ensuring total compliance with laws, regulations, and policies in its operations
- Reached out to educators and the surrounding community through their leaders to raise awareness of all the company’s practices and policies
- Awarded the best employee of the year in 2021 for thorough compliance enforcement and monitoring, ensuring that the company spent $0 in compliance-related lawsuits
- Organized and coordinated monthly training sessions on compliance procedures, relevant laws and regulations, and ethics, attended by 200+ employees
- Developed policies and procedures in collaboration with outside counsel to ensure the company’s total adherence to state and federal laws as well s industry practices
01/2016- 02/2019, Compliance Officer, Mavericks Company, Los Angeles, CA
- Supervised 60+ staff members, ensuring that they complied with all testing and quality standards
- Implemented and managed a successful legal compliance program that reduced the company’s compliance-related concerns and suits by 80%
- Regularly reviewed company policies, ensuring that they were at par with federal and state regulations as well as industry practices
- Attended 10+ seminars on compliance management and policy-making, obtaining important insights used for the betterment of the company
- Drafted monthly and annual reports advising management on the company’s legal compliance
- Trained ten junior members of the compliance department on industry practices, policy-making and compliance enforcement, ensuring that the company had a highly skilled and productive compliance team
- Identified possible weaknesses and risks in the company’s operations by conducting regular audits on company practices, procedures and documents
- Resolved at least ten employee concerns about legal compliance daily
- Regularly trained 60+ staff members on regulatory compliance and industry best practices, reducing compliance-related issues by 90%
- Assessed the operations of 4 departments to determine and mitigate compliance risk.
07/2012- 11/2015, Executive Assistant, Bright Communications, Mountain View, California
- Provided high-level assistance to 3 company executives, i.e., the marketing director, sales manager, and business manager
- Managed a $250,000 annual travel budget for the three company executives and kept updated records on expenditures
- Responded to at least 60 calls daily, redirecting them to the right recipients
- Recorded and transcribed minutes from meetings and later proofread them to ensure 100% accuracy
- Performed 5+ office duties, including record management, with utmost dedication and diligence
- Researched travel and accommodation deals for executives, saving the company $30,000 in its allocated yearly travel budget
- Greeted and welcomed 20+ visitors daily and arranged their meetings with executives
- Used 5+ software for task execution, including spreadsheets, presentation software, databases, and word processing
- Trained junior administrative assistants on administrative support best practices and office policies, improving their performance by an average of 25%
- Built and maintained excellent relationships with 10+ vendors for easier procurement of supplies and office equipment
- Observed high degrees of professionalism and courtesy when dealing with visitors, increasing general customer satisfaction by 25%
- 03/2013- 05/2016, Bachelor of Laws, Stanford University, CA
- 02/2008- 05/2012, Bachelor of Science in Business Management, Stanford University, Stanford, CA
- 01/2006- 12/2007, High School Diploma, Kerry Senior High School, CA
- Risk assessment
- Accurate reporting
- Data entry
- Extensive IT knowledge and proficiency
- MS Excel
- MS Outlook
- Ability to thrive in team settings
- Written and verbal communication
- Conflict management
- Stress management
- 06/16, Certified in Risk and Information Systems Control (CRISC), ISACA
- 05/2014, Certified Compliance and Ethics Professional (CCEP), Compliance Certification Board
Compliance Officer Resume Frequently Asked Questions (FAQs)
1. Which Keywords Should I Include in My Compliance Office Resume?
Using the right keywords in your resume increases your chances of making it to the interview shortlist, especially since most organizations use applicant tracking systems. Keywords-rich resumes are often given priority. Now that you understand the importance of keywords, include the following: compliance management, regulatory compliance, risk management, government, federal, state, auditing, risk assessment, public policy, compliance monitoring, internal audit, Microsoft Access, change management, legal compliance, investigation, mentoring, teaching, scheduling, etc.
Ensure these are captured in your work experience and skill sections. Also, most of these keywords are technical skills which you should only add if you are truly experienced with them.
2. Which Technical Skills Should I Add to My Resume?
You need several technical skills to ensure that an organization complies with all state and federal regulations. These job-specific competencies and expertise are required to get the work done and are often teachable and, in most circumstances, trackable. They include excellent risk assessment skills, industry knowledge, outstanding data interpretation skills, training, and mentoring skills, supervisory skills, IT knowledge, data entry skills, security policies and vulnerabilities, analytical skills, business acumen, and outstanding reporting skills.
3. How Can I Become a Compliance Officer?
We are happy and willing to help you enter this field if our article spiked your interest. This lucrative and exciting job can open doors for even bigger roles. Fortunately, it does not need a lot of work. You should determine a field, given that compliance officers work in various industries such as federal executive branches, company and enterprise management, local and state governments, and financial institutions.
You can also choose to work in healthcare, higher education, or corporate settings. All you need is to choose something you will love doing. The next step is to get a Bachelor’s degree in your field of choice but related to your future expected roles. Some of the most lucrative Bachelor’s degrees for these professionals include criminal justice, law, finance, and business administration. If you intend to work in the healthcare setting, a degree in a course such as nursing might be perfect.
The third step is to get certifications and widen your skill set, which we will look at in our fourth FAQ question. Lastly, apply for jobs and obtain extensive experience in their field of choice to understand organizational operations and where compliance comes in.
4. Which Compliance Certifications Should I Get to Better My Career?
Certifications are important to your career as they widen your skill set and put you in a better position to deliver. Some of the best certifications you can get for this role include Certified Compliance and Ethics Professional(CCEP) offered by the Compliance Certification Board, Certified Regulatory Compliance Manager(CRCM) for financial and legal compliance, Certified Information Systems Security Professionals by ISC2, Certified in Risk and Information Systems Control(CRISC) offered by ISACA, Certified Information Privacy Professional for cybersecurity and data privacy purposes, Certified in Healthcare Compliance(CHC) which deals with healthcare and Certified Community Bank Compliance Officer(CCBCO) for business and finance students among other certifications.
Note that it is important to consider your preferred field before pursuing a compliance certification, given that some apply to specific fields such as IT.
5. Who Should I Expect to Work with as a Compliance Officer?
As a compliance officer, you owe your employer a duty to collaborate with the company’s management in regulatory risk identification and management. Therefore, expect to work with the risk department, management, the company’s legal department, and staff members from different departments. Ensure that you sharpen your collaboration skills as much as possible.