Chief Compliance Officer Job Description

May 10, 20120 Comments

Chief compliance officer job description and profile

The primary work of a Chief Compliance Officer is to make sure that the organization is being run according to the rules and that no unlawful methods take place in the organization. The official has right to examine workers as well as the people in the management. They report to the Board of Directors. The position of a COO is essential in all private and government enterprises.

Chief compliance officer duties and responsibilities –

• Keeping an eye on all the activities of the organization and guaranteeing that neither the management nor the staff is involved in unlawful activities

• Investigating the different divisions of the organization and communicating with the employees

• Coordinating and planning the conformity system and ensuring that the system is implemented to perfection

• Formulating conduct suggestions in the organization and arrange a team to supervise the execution

• Responding to the queries by the government bodies

• Formulating programs and techniques to make sure that the conformity guidelines are followed

• Consulting company attorneys to assess law and purchase specifications

• Ensuring that any freelancing company in the organization is according to the regulations and also guaranteeing that the organization or the person who has been given the agreement is qualified for the job

Chief compliance officer skills and specifications –

 

  • Strong leadership skills
  • Impressive communication skills
  • Excellent analytical, logical and statistical abilities
  • Have a sharp eye for detail to spot malpractices
  • Complete knowledge about corporate law
  • Excellent organization and management skills

Chief compliance officer education and qualifications –

  • A Bachelor’s degree in corporate law and regulations
  • A Master’s degree is a advantageous for fast professional growth

Most of the corporations require work experience of at least 8 to 10 years experience in company administration.

Chief compliance officer salary –

The average salary of a CCO ranges from $74,471 to $150,398.

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