A compliance manager’s job is to ensure that the rules and regulations of a company are being upheld by all departments within it. The role varies widely depending on the company; compliance managers exist within most sectors, but will involve developing risk management strategies in order to enforce organisation policy.
The assessment and interpretation of risk plays a considerable part in the role of a compliance manager, as does the development of strategies to prevent risk.
Key responsibilities for the role of compliance manager include:
There are no specific qualifications necessary to become a compliance manager. Generally employers prefer applicants with commercial or numbers-based degrees as well as those who have studied law, or accountancy. Compliancy courses run by the International Compliance Association (ICA) are well-respected by employers.
Many graduate schemes offer work experience in compliance, but this is advantageous rather than necessary. Generally the emphasis is on transferable skills.
A compliance manager must possess: