Job Overview: We are seeking a dedicated and experienced Compliance Officer to join our team. The Compliance Officer will be responsible for ensuring that our organization adheres to regulatory requirements, industry standards, and internal policies and procedures. This role requires strong analytical skills, attention to detail, and the ability to effectively communicate compliance requirements to stakeholders at all levels.
Roles And Responsibilities
Regulatory Compliance: Monitor and interpret regulatory developments, laws, and guidelines relevant to the organization's industry (e.g., financial services, healthcare, telecommunications). Ensure compliance with applicable regulations, including but not limited to anti-money laundering (AML), know-your-customer (KYC), data privacy (GDPR, CCPA), and consumer protection laws.
Policy and Procedure Development: Develop, implement, and maintain compliance policies, procedures, and controls to mitigate compliance risks. Review and update policies in response to regulatory changes and business developments. Ensure policies are communicated effectively across the organization.
Compliance Monitoring and Testing: Conduct regular compliance assessments, audits, and reviews to evaluate adherence to policies and regulatory requirements. Identify gaps, risks, and areas for improvement. Develop and implement remediation plans as needed.
Training and Awareness: Provide compliance training and guidance to employees on relevant regulations, policies, and procedures. Promote a culture of compliance and ethical behavior within the organization. Develop training materials and conduct workshops to enhance compliance awareness.
Reporting and Documentation: Prepare and submit regulatory reports, compliance certifications, and disclosures as required by regulatory authorities. Maintain accurate and organized records of compliance activities, audit findings, and corrective actions taken.
Risk Management: Collaborate with risk management and legal teams to assess and mitigate compliance risks. Participate in risk assessments, identify potential compliance vulnerabilities, and recommend risk mitigation strategies.
Investigations and Incident Management: Investigate compliance issues, allegations of misconduct, or breaches of policies. Coordinate responses to regulatory inquiries, audits, and investigations. Implement corrective actions and monitor remediation efforts.
Stakeholder Communication: Serve as a liaison between the organization and regulatory agencies, external auditors, and other stakeholders on compliance matters. Communicate compliance requirements, findings, and recommendations to senior management and the board of directors.
Skills Required
Bachelor’s degree in Law, Business Administration, Finance, or a related field. Advanced degree (e.g., JD, MBA) and professional certifications (e.g., Certified Compliance and Ethics Professional, CCEP) are preferred.
5+ years of experience in compliance, regulatory affairs, or a related field within a regulated industry.
Thorough understanding of relevant laws, regulations, and industry standards. Experience with compliance frameworks (e.g., ISO 19600, COSO) and regulatory reporting.
Strong analytical and problem-solving skills, with the ability to interpret complex regulations and apply them to practical business situations.
Excellent communication and interpersonal skills, with the ability to influence and collaborate effectively with stakeholders at all levels of the organization.
Attention to detail and organizational skills, with the ability to manage multiple priorities and meet deadlines.
Integrity, discretion, and ethical conduct, with a commitment to upholding regulatory compliance and fostering a culture of compliance within the organization.
Compensation
Performance-based bonuses and incentives may range from 10% to 20% of base salary, based on individual and company performance metrics.
Additional benefits may include health insurance, retirement savings plans, paid time off, and professional development opportunities.
Seniority level
Entry level
Employment type
Full-time
Job function
Legal
Industries
Financial Services
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