Will “BSA/AML Compliance Officer” be Replaced By Robots? 🤔
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Job Description
Plan, direct, or coordinate activities of an organization to ensure compliance with ethical or regulatory standards.
Job Details
- The SOC (Standard Occupational Classification) code is 11-9199.02
☝️ Information based on the reference occupation “Compliance Managers”.
Also Known As…
- Compliance Managers
- Internal Review and Audit Compliance
- Director, Global Ethics & Compliance and Assistant General Counsel
- Director of Compliance
- Corporate Operations Compliance Manager
- Compliance Review Officer
- Compliance Officer
- Compliance Manager
- Compliance Engineer-Products
- Compliance Coordinator
- Business Practices Supervisor
- Risk Manager
- Research Quality Assurance Specialist
- Research Quality Assurance Analyst
- Research Compliance and HIPPA Privacy Officer and Director of the Research Compliance Program
- Regulatory Compliance Specialist
- Regulatory Compliance Officer
- Regulatory Compliance Director
- Privacy Compliance Manager
- Manager, Quality Management, Corporate Compliance
- Legal Compliance Officer
- IRB Compliance Coordinator
- Head of Ethics and Compliance
- Financial Compliance Officer
- Ethics Officer
- Ethics Manager
- Director, Office of Human Subjects Protection
- Credit Compliance Officer
- Corporate Ethics Officer
- Corporate Compliance Officer
- Corporate Compliance Director
- Compliance Specialist
- Compliance Director
- Compliance Analyst
- Chief Compliance Officer
- BSA Officer
- Audit Manager
Tasks for “BSA/AML Compliance Officer”
- File appropriate compliance reports with regulatory agencies.
- Review communications such as securities sales advertising to ensure there are no violations of standards or regulations.
- Conduct or direct the internal investigation of compliance issues.
- Advise internal management or business partners on the implementation or operation of compliance programs.
- Verify that all firm and regulatory policies and procedures have been documented, implemented, and communicated.
- Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.
- Consult with corporate attorneys as necessary to address difficult legal compliance issues.
- Provide assistance to internal or external auditors in compliance reviews.
- Disseminate written policies and procedures related to compliance activities.
- Monitor compliance systems to ensure their effectiveness.
- Prepare management reports regarding compliance operations and progress.
- Discuss emerging compliance issues with management or employees.
- Serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities.
- Keep informed regarding pending industry changes, trends, and best practices and assess the potential impact of these changes on organizational processes.
- Develop or implement environmental compliance plans for programs, such as air quality, storm water, wastewater treatment, hazardous waste management, pollution prevention, or solid waste management.
- Verify that software technology is in place to adequately provide oversight and monitoring in all required areas.
- Assess product, compliance, or operational risks and develop risk management strategies.
- Identify compliance issues that require follow-up or investigation.
- Direct the development or implementation of compliance-related policies and procedures throughout an organization.
- Conduct environmental audits to ensure adherence to environmental standards.
- Design or implement improvements in communication, monitoring, or enforcement of compliance standards.
- Evaluate testing procedures to meet the specifications of environmental monitoring programs.
- Provide employee training on compliance related topics, policies, or procedures.
- Maintain documentation of compliance activities, such as complaints received or investigation outcomes.
- Report violations of compliance or regulatory standards to duly authorized enforcement agencies as appropriate or required.
- Direct environmental programs, such as air or water compliance, aboveground or underground storage tanks, spill prevention or control, hazardous waste or materials management, solid waste recycling, medical waste management, indoor air quality, integrated pest management, employee training, or disaster preparedness.
- Oversee internal reporting systems such as corporate compliance hotlines and inform employees about these systems.
- Collaborate with human resources departments to ensure the implementation of consistent disciplinary action strategies in cases of compliance standard violations.
- Review or modify policies or operating guidelines to comply with changes to environmental standards or regulations.
- Advise technical professionals on the development or use of environmental compliance or reporting tools.
Related Technology & Tools
- Desktop computers
- Computer laser printers
- Photocopying equipment
- Multi-line telephone systems
- Laser facsimile machines
- Laptop computers
- Personal computers
- LRN Ethics and Compliance Alliance
- Aline GRC
- QUMAS Compliance Solution
- DoubleCheck GRC&T Platform
- Tax accounting software
- Adobe Systems Adobe Acrobat
- Oracle Enterprise Governance, Risk, and Compliance Manager
- Microsoft Access
- Web browser software
- Modulo Risk Manager
- Microsoft Office
- Spreadsheet software
- SAP BEx Report Designer
- ComplianceBridge Total Compliance
- Neohapsis Certus GRC
- IBM Notes
- Methodware ERA
- EtQ Environmental Health and Safety Software
- Apple Safari
- policyIQ
- Guideline Risk Technologies RUBI
- Horwath Software Magique
- ControlCase Compliance Manager
- AssurX CATSWeb
- MediRegs ComplyTrack
- Governance, risk, and compliance GRC software
- Scheduling software
- Microsoft Excel
- Compliance 360
- Microsoft PowerPoint
- Word processing software
- FRSGlobal RegPro
- Mozilla Firefox
- Database management software
- Axentis Compliance Management
- Audit2 AdaptiveGRC
- BWise Compliance Management
- StataCorp Stata
- Oracle Insurance Compliance Tracker
- EtQ FDA cGxP Compliance Software for Life Sciences
- MyComplianceOffice Compliance Operations Management System
- Resolve Legislative Compliance Management
- MetricStream Regulatory Reporting
- ARC Logics Sword
- Keane SCORE
- MetricStream Enterprise Compliance Platform
- Thomson Reuters Paisley Enterprise GRC
- Email software
- MasterControl MD
- BPS Compliance
- Microsoft Internet Explorer
- Microsoft SharePoint
- Microsoft Project
- Sword Achiever Compliance Portal Dashboard
- 80-20 Software Leaders4
- AssurX Financial Services Compliance Management System
- LexisNexis
- Microsoft Visio
- CMO Compliance Regulatory Compliance Solution
- Desktop publishing software
- Actimize Brokerage Compliance Solutions
- MasterControl TotalPharma
- Fidessa Compliance Manager
- Cura Software Solutions Cura for Compliance Management
- Compliance11 Supervisory Suite
- Human resource information system HRIS
- Data analysis software
- Microsoft Word
- RVR Systems Compliance
- Healthcare common procedure coding system HCPCS
- Protiviti Governance Portal
- Agiliance Compliance Manager
- Microsoft Windows
- Microsoft Outlook
- Archer Compliance Management
- MetricStream Compliance Management
- The Garland Group RiskKey