Regulatory Compliance Specialist
This role involves ensuring a company's adherence to legal standards and in-house polices. Responsibilities include reviewing regulations, keeping informed of regulatory developments, and advising on compliance.
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Sample Job Descriptions for Regulatory Compliance Specialist
Below are the some sample job descriptions for the different experience levels, where you can find the summary of the role, required skills, qualifications, and responsibilities.
Junior (0-2 years of experience)
Summary of the Role
As a Regulatory Compliance Specialist at the junior level, you will assist with ensuring that our company adheres to legal standards and in-house policies. You will be responsible for enforcing regulations in all aspects of our business, as well as providing guidance on compliance matters.
Required Skills
- Strong analytical and organizational skills.
- Excellent communication skills, both written and verbal.
- Ability to work collaboratively in a team environment.
- Keen attention to detail.
- Good research and reporting skills.
- Proficiency in Microsoft Office applications.
Qualifications
- Bachelor's degree in Law, Business Administration or related field.
- Basic knowledge of industry standards and regulations.
- Understanding of legal terminology and principles related to compliance.
- Ability to handle confidential information with discretion.
Responsibilities
- Assist with the development and implementation of compliance policies and procedures.
- Help to maintain and update documentation of compliance activities such as complaints received or investigation outcomes.
- Conduct compliance monitoring, auditing, and reporting activities.
- Stay updated with regulatory changes and industry practices.
- Support compliance risk assessments and action planning.
- Participate in educational and training programs to enhance compliance understanding within the company.
- Work with different departments to ensure compliance with applicable laws and regulations.
- Assist in the preparation for external audits and inspections.
Intermediate (2-5 years of experience)
Summary of the Role
The Regulatory Compliance Specialist is responsible for ensuring that the company adheres to legal standards and in-house policies. They will be involved in developing and implementing compliance programs, reviewing company policies, and advising management on possible risks.
Required Skills
- Analytical skills and a strong attention to detail.
- Ability to understand and interpret complex laws and regulations.
- Excellent written and verbal communication skills.
- Good organizational skills and the ability to handle multiple projects.
- Proficient in Microsoft Office and compliance management systems.
- Strong interpersonal skills to interact with all levels of staff and management.
Qualifications
- Bachelor's degree in law, finance, business administration or a related field.
- Proven experience as a Compliance Officer or Compliance Specialist.
- 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.
- Attention to detail.
Responsibilities
- Monitor and analyze regulatory trends and developments relevant to the company's industry.
- Assist in the development and implementation of compliance policies and procedures.
- Perform regular audits to ensure compliance with all applicable laws and regulations.
- Prepare and file compliance reports with regulatory bodies as required.
- Advise management on the company's compliance with laws and regulations through detailed reports.
- Plan, implement, and oversee risk-related programs.
- Conduct training sessions for staff on compliance-related topics.
- Collaborate with internal or external auditors when necessary.
- Investigate irregularities and non-compliance issues.
Senior (5+ years of experience)
Summary of the Role
As a Regulatory Compliance Specialist with over 5 years of experience, this role involves ensuring that our organization adheres to legal standards and in-house policies. The successful candidate will be responsible for enforcing regulations in all aspects and levels of business as well as providing guidance on compliance matters.
Required Skills
- Strong analytical skills.
- Ability to handle multiple projects.
- Proficient in software for compliance management.
- Understanding of data analysis and risk assessment.
- Excellent organizational skills.
- Leadership abilities.
- Proficient in MS Office Applications.
Qualifications
- 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.
- Bachelors degree in law, finance, business administration or a related field.
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.
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