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