Job Role Description

Credit > Compliance Director

Salary National Average

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97660.0000 130760.0000 156580.0000

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Short Description:

A Compliance Director oversees and manages an organization’s compliance program to ensure adherence to legal, regulatory, and internal policy requirements. Their duties include developing compliance strategies, conducting risk assessments, and leading audits to identify and mitigate potential compliance issues. The Compliance Director collaborates with various departments to implement policies, training, and communication efforts that promote a culture of compliance. Strong leadership, strategic thinking, and in-depth knowledge of relevant regulations are essential for success in this role, as the Compliance Director plays a critical role in safeguarding the organization against legal and regulatory risks.

Duties / Responsibilities:

  • Prepare reports of findings, illustrating data graphically and translating complex findings into written text.
  • Seek and provide information to help companies determine their position in the marketplace.
  • Gather data on competitors and analyze their prices, sales, and method of marketing and distribution.
  • Collect and analyze data on customer demographics, preferences, needs, and buying habits to identify potential markets and factors affecting product demand.
  • Devise and evaluate methods and procedures for collecting data, such as surveys, opinion polls, or questionnaires, or arrange to obtain existing data.
  • Monitor industry statistics and follow trends in trade literature.
  • Measure and assess customer and employee satisfaction.
  • Measure the effectiveness of marketing, advertising, and communications programs and strategies.
  • Forecast and track marketing and sales trends, analyzing collected data.
  • Attend staff conferences to provide management with information and proposals concerning the promotion, distribution, design, and pricing of company products or services.

Skills / Requirements / Qualifications

  • Education: Bachelor’s degree in business administration, law, finance, or a related field; a Master’s degree or JD is often preferred.
  • Extensive Experience: 7-10 years of experience in compliance, risk management, or regulatory affairs, with at least 3-5 years in a leadership or managerial role.
  • In-Depth Knowledge of Regulations: Comprehensive understanding of relevant laws, regulations, and industry standards (e.g., HIPAA, SOX, FDA regulations) applicable to the organization.
  • Strong Leadership Skills: Proven ability to lead and manage compliance teams, fostering a culture of ethics and compliance within the organization.
  • Analytical and Problem-Solving Skills: Excellent analytical skills to assess compliance risks, evaluate processes, and develop effective strategies to mitigate risks.
  • Effective Communication Skills: Strong verbal and written communication skills to interact with senior management, regulatory bodies, and employees, and to prepare comprehensive reports.
  • Project Management Abilities: Ability to manage multiple projects simultaneously, prioritize tasks, and ensure compliance initiatives are executed effectively and on time.
  • Training and Development Skills: Experience in developing and delivering compliance training programs to educate employees on compliance issues and best practices.

Job Zones

  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  • Related Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. 
  • Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, or vocational training.
  • Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, database administrators, teachers, chemists, environmental engineers, criminal investigators, and special agents.
  • Specific Vocational Preparation in years: Over 4 years of preparation (8.0 >)

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