By clicking “Accept”, you consent to the use of ALL the cookies. But opting out of some of these cookies may have an effect on your browsing experience. General Responsibilities. Necessary cookies are absolutely essential for the website to function properly. Produce and interpret reports of inspection to provide information useful in taking appropriate busines… He/she must also have the authority to act in an emergency situation to suspend any illegal or Specific job titles that fall under … To hire for the chief compliance officer role, recruiters need to publish the job description for interested individuals to learn about the duties of the job and decide if it is what they can handle effectively. The Chief Compliance Officer, one of the most important members of the management team, is primarily responsible for overseeing compliance within an organization, and ensuring compliance with laws, regulatory requirements, policies and procedures. Compliance officers have a duty to their employer to work with management and … The CCO typically reports to the chief executive officer. If you are a recruiter or HR manager, you can adopt the sample job description shown above in making the perfect description for the chief compliance officer position in your organization. This category only includes cookies that ensures basic functionalities and security features of the website. It is also important that they can evaluate federal laws and regulations that affect the business of their organizations. This individual is responsible for overseeing all aspects of compliance, ensuring that laws and regulations are adhered to and that internal policies are being followed. The public guidance, If you mean a true Chief Compliance Officer (CCO) that sits outside of IT, then the top three roles and responsibilities tend to be: Policy and Procedure Management -- this is the definition, communication, training and attestation to corporate policies and procedures. This information can be effective in convincing the recruiter to invite you for an interview. For other companies, the rash of 2000s accounting scandals, the Sarbanes-Oxley Act, and the recommendations of the U.S. Federal Sentencing Guidelines have led to additional CCO appointments. Responsibilities included litigation management, contract drafting and review, master form database, securities law and compliance, acquisitions and other corporate The CCO is also responsible for developing and improving company policies and standards to outline ethical, safe, and efficient procedures. A few of the responsibilities of a legal compliance officer are as follows: Help corporations and businesses to decide about legal and professional actions regarding compliance requirements Review contracts, terms, and licenses of the business and make sure that all of these are up to date and usable for different compliance purposes It also involves ensuring that Compliance, Ethics, Risk Management, and Internal Audit programs are designed to optimize their effectiveness in preventing or detecting noncompliance, unethical behavior, and/or criminal conduct. Compliance officers make sure businesses, organizations, or individuals conform to contractual obligations, government regulations, and laws. It also shows the major requirements recruiters commonly expect individuals seeking the chief compliance officer job to meet to be considered for employment. For instance, a compliance officer working with the government earns $56,450 whereas those in the metal ore mining industry earn a minimum of $109,700 median salary per annum. Education: Applicants for the chief compliance officer position are commonly required to have a minimum of Bachelor’s degree in Law, Finance, or Business Administration, or in a related field, Certification: A chief compliance officer must be a Certified Compliance & Ethics Professional (CCEP), Certified Public Accountant (CPA), or Certified Internal Auditor, etc., depending on their chosen industry, Knowledge: In addition to educational background, they are also required to have at least 10 years compliance experience which could be in the private sector within a regulatory/compliance consulting practice, relevant government experience, financial services, payments, or comparable industry space as a senior compliance officer. 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