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