Business Compliance Job Description

Business Compliance Job Description

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Business compliance provides guidance on AML/ATF initiatives and regulatory developments, including the approval of new or revised AML/ATF procedures/guidelines.

Business Compliance Duties & Responsibilities

To write an effective business compliance job description, begin by listing detailed duties, responsibilities and expectations. We have included business compliance job description templates that you can modify and use.

Sample responsibilities for this position include:

Provide presentation support of Compliance presentations for Board of Directors, Risk Committee meetings, OC presentations, Senior Management and regulators
Maintain regulatory, policy and governance knowledge base to ensure appropriate advice and guidance is provided at all times to the business
Establish strong working partnerships with Senior Leaders and their business teams, developing a holistic view of the business, functional teams and the application of policies and processes
Partner business stakeholders to implement regulatory change and develop compliant policies, procedures, systems, controls and training
Represent the compliance function and contribute to internal and external forums, and cross-functional projects as required
Drive effective identification, investigation and management of regulatory compliance risks, provide guidance and facilitate ownership within the business to address issues
Work closely with Compliance teams, to agree scope, findings and close out of actions to mitigate identified risks
High quality data entry and validation including merging documents or extracting from documents
Occasionally providing some administrative support to Compliance Department
Performing a variety of moderately complex activities in support of compliance, such as ensuring compliance with expense reports, samples procedures, and/or performing targeted monitoring or auditing in other functional Compliance areas

Business Compliance Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Business Compliance

List any licenses or certifications required by the position: CAMS, PMP, CISA, MWBE, CPA, CISM, CGEIT, CRISC, COBE, PM

Education for Business Compliance

Typically a job would require a certain level of education.

Employers hiring for the business compliance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Finance, Accounting, Education, Computer Science, Business/Administration, Law, Economics, Graduate, Management

Skills for Business Compliance

Desired skills for business compliance include:

Local regulatory guidelines
KYC/AML guidelines and good awareness of bank controls and AML risk
KYC/AML guidelines and good awareness of bank controls and operations risk
Business system architecture and associated technologies
Microsoft products and comfortable in creating and deploying presentations
Report writing
Standard documentation processes
Systems documentation
Applicable business unit functions and procedures
US Customs Harmonized Tariff Schedule

Desired experience for business compliance includes:

Analyze and document detail system requirements using Use Cases, Business Rules, Data, Messages, User Interface and Non Functional requirements (E2E methodology)
Conduct requirements review walkthrough with development, QA and vendor teams
Requirements management and communication – requirements walkthroughs
Knowledge of requirements documentation and modeling tools
Undergrad degree in a business, mathematics or computer science discipline
CBAP an asset

Business Compliance Examples

1

Business Compliance Job Description

Job Description Example
Our company is searching for experienced candidates for the position of business compliance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for business compliance
  • Using software and new/emerging technologies in performing the duties of the position
  • Working independently on a variety of moderately complex and diversified department activities and projects
  • Coordinate with the Compliance client base to establish validated business requirements, including obtaining any required approvals
  • Effectively manage relationships with external data providers, accommodate bank-wide strategic programs, but ensuring Compliance need is duly prioritized
  • Retain responsibility for the successful delivery of the Compliance data hub and underlying work-streams
  • Establish a successful Data Quality standards and monitoring program, ensuring data providers and Compliance IT processing are held to achieving exacting standards
  • Create transparency on global data protection considerations, establish agreements where required and embed local requirements/limitations into transfer and access processes
  • Plan project delivery together with program manager and technical delivery leads, providing support as required throughout the development process
  • Ensure team provides full support to the client throughout any material implementation phases
  • Ensure the unit performs disciplined investigative analysis on, documents and maintains a transparent overview of end-to-end data flows into the Compliance platform as part of wider data management framework initiative under the DB CDO
Qualifications for business compliance
  • Contributing to the overall system design
  • Carrying out ad hoc testing, working with the System Testers to ensure adequate test scripts have been built and run, assisting users with acceptance testing
  • Assisting in the training of key business users
  • Working closely with the IT team to deliver business requirements
  • Building excellent working relationships with the business and users
  • Must be able to work closely with the Global IT team business representatives
2

Business Compliance Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of business compliance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for business compliance
  • Supporting cash Management and responsible from the cash flow report for the relevant entities and Maintain banking relationships
  • Managing day to day accounting activities(outsourced) and monitoring tax related issues and legal processes
  • Ensure correct and timely local bookkeeping and secure local audit process with no material findings
  • Conduct finance process reviews to check the adherence to the Finance processes of the Company
  • Prepare monthly reports, budget and Rolling Forecast
  • Commenting monthly figures, explaining variances versus previous periods, budget, etc
  • Perform root cause analysis on performance, profitability and efficiency to pinpoint areas of improvement on projects
  • Close collaboration with China construction and service to follow up on overdue AR
  • Work with business to review and minimize the unbilled balance
  • Creates and maintains spreadsheets, documents and reports for HCC-related Trainings/ employee certification
Qualifications for business compliance
  • The successful candidate will be practical, diplomatic and professional
  • Proven ability to distill complex and varied data into information that can be utilized by the relevant audience
  • Ability to organize and lead meetings, interviews or workshops with stakeholders of all seniorities
  • Strong proficiency with MS Excel, Word and PowerPoint
  • Knowledge of Business Intelligence, Reporting and Data Warehouse solutions and architecture a plus
  • Strong team player, self-motivated with high degree of initiative and drive
3

Business Compliance Job Description

Job Description Example
Our company is looking to fill the role of business compliance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for business compliance
  • Ensure and monitor compliance with SOX, Personal Identifiable Health Information, , other federal and industry regulations and requirements
  • Perform Compliance Check Reviews and Desk Audits
  • Follow Up with Service Provider and Aggregators on audit recovery
  • Perform analysis on usage history and identify compliance opportunities
  • Monitor high risk, flagged accounts and post recovery records
  • Collaborate cross-functionally to carry out operational compliance tasks
  • Summarize and present results of compliance checks and analytics
  • Research current Insurance Acts/Regulations by reviewing regulatory bulletins and other sources of information
  • Prepare reports by collecting, analyzing and summarizing information for potential brokerage firm applicants
  • Enhance compliance and organizational reputation by accepting ownership for new requests from customer stakeholders
Qualifications for business compliance
  • Strong project management, training and leadership skills
  • Advanced skills in the MS Office Suite (Word, Excel and PowerPoint) the Internet, internet based tools and systems
  • Experience in Commercial Compliance or small business
  • Business Analysis skill is essential
  • Experience in implementation of projects ideally through multi-country operations teams
  • Experience as the key liaison with stakeholders to define and execute processes - business as usual and change
4

Business Compliance Job Description

Job Description Example
Our company is looking to fill the role of business compliance. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for business compliance
  • Constant review of processes and recommendations for enhancements
  • Communicate trends, problems, solutions and processes
  • Participate in projects as a subject matter expert
  • Demonstrate the TELUS Values
  • Lead and oversight of implementation of evolving MSD compliance frameworks for local business organizations in collaboration with Legal & Compliance (Policies, SOPs and Guidance)
  • Taking a strong and active role in ensuring consistent and effective compliance standards in other parts of the business, such as our Global Manufacturing or Research Division
  • Provide guidance to Business Stakeholders on queries relating to the local Code of Practice, Policies and Healthcare Professional (HCP) interactions
  • Oversight and Coordination of Grants and Donations
  • Regular self-audits of HCP interactions and documentation / reporting of results
  • Developing an integrated strategy for the management and processing of customer data
Qualifications for business compliance
  • Minimum 7+ years relevant Financial Industry experience
  • Excellent presentation skills and technical skills with extensive knowledge of Excel, PowerPoint and Word programs
  • The ability to be flexible and move quickly developing one’s capability towards different subject areas as opposed to limiting one’s interest and actions to only one or two areas
  • The ability to make efforts to create solutions and deliver, both verbal and written, a pragmatic outcome-focused judgments that take account of the business environment
  • Proven application architecture domain expertise and also of having provided leadership to technology teams in high-profile organizations
  • Can demonstrate a track-record (minimum 5 years) of successful, effective team management in both technology and business facing functions
5

Business Compliance Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of business compliance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for business compliance
  • Oversight and Coordination (Commercial Operations guidance) of EFPIA and other relevant and changing local pharma promotional codes
  • Providing Procurement with support for the contractual elaboration of contracts and offers
  • Facilitating/supporting face-to-face compliance training to employees, keeping a log of all compliance training
  • Conduct internal investigations in coordination with L&C (Compliance Issue Visibility and Response, local investigations into alleged Compliance breaches)
  • Owns IT relationship with the Compliance and Ethics organization
  • Responsible for the strategic planning of digital capabilities for Compliance and Ethics organization
  • Partner with the Compliance and Ethics organization to drive the adoption of digital capabilities by effective business process design, change management, end user training
  • Accountable for the effective management of Compliance and Ethics organization aligned IT assets throughout their lifecycle
  • Coordinating and participating in compliance audits and regulatory exams, supporting Independent Compliance Testing efforts managed through the Enterprise Compliance Risk Management group
  • Partner with Patient Value Units for their EMEA activities and embedding compliance "by design" in their activities
Qualifications for business compliance
  • Ability to identify and interpret stakeholders needs and requirements, IT response, articulating in such a way that both the client and IT development teams are able to clearly understand each other
  • Although strong architecture knowledge and expertise is required, the role requires this to be applied via oversight of the dedicated data architect, critically reviewing and challenging output
  • Capable of providing critical analysis of business requirements documents and test plans
  • Provide thought leadership for team when tasked with performing analytical assessment of data-sets and information flows across an extensive range of business types and systems
  • Excellent communication skills (ability to listen, explain to, and influence stakeholders)
  • Exposure to Architectural frameworks such as TOGAF

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