What's it like to be a Compliance Manager?
A Compliance Manager ensures an organization adheres to its industry's laws and regulations. To accomplish this, they must have an in-depth knowledge of their company policies and procedures to meet regulatory and ethical standards. They conduct compliance and training programs to ensure all employees adhere to guidelines. Compliance Managers are also responsible for systems and processes that respond to violations of company policies.
Tasks and duties
- Analyzing and implementing internal systems to ensure the organization complies with industry standards.
- Conducting quarterly and yearly reviews to ensure company policies are observed.
- Designing training and evaluation programs for employees.
- Designing systems to respond to violations of internal company practices.
- Coordinating with other managers to ensure all operations align with company policies.
- Recommending policy developments in risk management to upper management.
Compliance Managers are essential to various fields, including but not limited to healthcare, tech, finance, and construction.
How to become a Compliance Manager
Compliance Managers typically hold a bachelor degree beneficial to human resources management, such as business administration, law, finance, or other related fields. They must also have around 2-4 years of work experience as a compliance officer and in the industry.
Graduate with a degree in management, business administration, finance, or other related fields.
Apply for an entry-level position such as Compliance Analyst or Administrative Assistant.
Gain 2-4 years of work experience in the chosen industry.
Acquire certifications to improve your skills and credibility. You may take courses specific for Compliance Officers an Managers, or certification courses that are more relevant to your industry.
Consider a postgraduate degree in business, finance, or law, depending on your chosen industry.