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”
- Provide assistance to internal or external auditors in compliance reviews.
- Prepare management reports regarding compliance operations and progress.
- Provide employee training on compliance related topics, policies, or procedures.
- Discuss emerging compliance issues with management or employees.
- Report violations of compliance or regulatory standards to duly authorized enforcement agencies as appropriate or required.
- Identify compliance issues that require follow-up or investigation.
- Verify that software technology is in place to adequately provide oversight and monitoring in all required areas.
- Conduct environmental audits to ensure adherence to environmental standards.
- Review or modify policies or operating guidelines to comply with changes to environmental standards or regulations.
- Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.
- Serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities.
- Advise internal management or business partners on the implementation or operation of compliance programs.
- Assess product, compliance, or operational risks and develop risk management strategies.
- Advise technical professionals on the development or use of environmental compliance or reporting tools.
- File appropriate compliance reports with regulatory agencies.
- Direct the development or implementation of compliance-related policies and procedures throughout an organization.
- Maintain documentation of compliance activities, such as complaints received or investigation outcomes.
- Collaborate with human resources departments to ensure the implementation of consistent disciplinary action strategies in cases of compliance standard violations.
- Conduct or direct the internal investigation of compliance issues.
- Oversee internal reporting systems such as corporate compliance hotlines and inform employees about these systems.
- Monitor compliance systems to ensure their effectiveness.
- Keep informed regarding pending industry changes, trends, and best practices and assess the potential impact of these changes on organizational processes.
- Design or implement improvements in communication, monitoring, or enforcement of compliance standards.
- Evaluate testing procedures to meet the specifications of environmental monitoring programs.
- 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 all firm and regulatory policies and procedures have been documented, implemented, and communicated.
- 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.
- Consult with corporate attorneys as necessary to address difficult legal compliance issues.
- Review communications such as securities sales advertising to ensure there are no violations of standards or regulations.
- Disseminate written policies and procedures related to compliance activities.
Related Technology & Tools
- Personal computers
- Laptop computers
- Desktop computers
- Multi-line telephone systems
- Laser facsimile machines
- Computer laser printers
- Photocopying equipment
- ARC Logics Sword
- Apple Safari
- Microsoft Project
- Microsoft Office
- Archer Compliance Management
- Human resource information system HRIS
- AssurX CATSWeb
- Email software
- Database management software
- Microsoft PowerPoint
- RVR Systems Compliance
- Microsoft Internet Explorer
- policyIQ
- MasterControl MD
- IBM Notes
- Data analysis software
- Web browser software
- Mozilla Firefox
- FRSGlobal RegPro
- StataCorp Stata
- MyComplianceOffice Compliance Operations Management System
- Protiviti Governance Portal
- MasterControl TotalPharma
- Resolve Legislative Compliance Management
- Microsoft Word
- MetricStream Compliance Management
- QUMAS Compliance Solution
- Compliance 360
- Microsoft Outlook
- Actimize Brokerage Compliance Solutions
- Guideline Risk Technologies RUBI
- The Garland Group RiskKey
- Spreadsheet software
- Adobe Systems Adobe Acrobat
- 80-20 Software Leaders4
- MetricStream Enterprise Compliance Platform
- EtQ FDA cGxP Compliance Software for Life Sciences
- MetricStream Regulatory Reporting
- Healthcare common procedure coding system HCPCS
- Audit2 AdaptiveGRC
- LexisNexis
- CMO Compliance Regulatory Compliance Solution
- Cura Software Solutions Cura for Compliance Management
- Oracle Insurance Compliance Tracker
- Sword Achiever Compliance Portal Dashboard
- Microsoft Excel
- Neohapsis Certus GRC
- Microsoft Visio
- BPS Compliance
- Fidessa Compliance Manager
- Modulo Risk Manager
- Governance, risk, and compliance GRC software
- Tax accounting software
- Axentis Compliance Management
- Agiliance Compliance Manager
- AssurX Financial Services Compliance Management System
- BWise Compliance Management
- Microsoft Windows
- ControlCase Compliance Manager
- Horwath Software Magique
- Microsoft Access
- Thomson Reuters Paisley Enterprise GRC
- Microsoft SharePoint
- Desktop publishing software
- ComplianceBridge Total Compliance
- EtQ Environmental Health and Safety Software
- Compliance11 Supervisory Suite
- MediRegs ComplyTrack
- Keane SCORE
- Scheduling software
- DoubleCheck GRC&T Platform
- Oracle Enterprise Governance, Risk, and Compliance Manager
- Aline GRC
- Word processing software
- Methodware ERA
- SAP BEx Report Designer
- LRN Ethics and Compliance Alliance