Compliance Specialist Job Description

Compliance Specialist Job Description

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Compliance specialist provides lead support during Office of Federal Contract Compliance Programs (OFCCP) and other federal and/or state agency audits.

Compliance Specialist Duties & Responsibilities

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

Sample responsibilities for this position include:

Assist the Compliance Officer in the completion of ongoing compliance monitoring programs to report on the bank's compliance with various state and federal regulations
Designs and implements programs, policies, and practices to ensure that all business units are in compliance with federal, state, and local regulatory requirements
Knowledge of Federal Acquisition Regulations (FAR) and supplements including DFARS/DEAR
Ensure that programs comply with internal standards for conduct
Developing metrics and contributing to reporting on rules and regulations that are reviewed
Review deposit account and loan files for compliance with banking regulations and for CRA and HMDA reporting as required
Maintain current knowledge of deposit and loan regulations and changes to the regulatory requirements
Coordinating with bank staff in order to implement any procedures necessary to comply with consumer compliance laws and regulations
Dissemination of HPMS notices and appropriate follow up
Supporting management of the regulatory communications process ensuring all regulatory communications/updates are received, summarized, cataloged, disseminated and acted upon

Compliance Specialist Qualifications

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

Licensing or Certifications for Compliance Specialist

List any licenses or certifications required by the position: CIPP, CAMS, CISSP, JD, COS, CHC, SEBI, SHRM, CHSP, CHFM

Education for Compliance Specialist

Typically a job would require a certain level of education.

Employers hiring for the compliance specialist job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Education, Business, Accounting, Finance, Business/Administration, Technical, Business Operations, Science, Engineering, Law

Skills for Compliance Specialist

Desired skills for compliance specialist include:

Excel
PowerPoint
Regulations
State
Word
Microsoft Office
Federal
Access
Standards
MS Office

Desired experience for compliance specialist includes:

Coordinating filing of all CMS required reports, marketing material, marketing events, data reporting, and assisting other departments in understanding and complying with regulatory requirements and data entry of submission and preparation of documentation
Supporting regulatory analysis, including the review, summarization and dissemination of key regulatory updates and changes
Partnering with business areas to help ensure processes are implemented to comply with CMS regulatory and contractual requirements
Work closely with HCC Systems, Training, and Data Governance and interact daily with the aggregate spend team, various lines of business, and external vendors who provide data related to aggregate spend reporting
Assist the External Reporting team with business and technical projects associated with data collection, reporting, and monitoring
Assist with communicating Open Payments related information with internal Janssen personnel, customers and third party vendors

Compliance Specialist Examples

1

Compliance Specialist Job Description

Job Description Example
Our growing company is hiring for a compliance specialist. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for compliance specialist
  • Retrieve, audit and maintain computer reports, spreadsheets and Word document files of the Title 31 Audit
  • Assists in interpreting regulations and procedures for clients to ensure their compliance
  • Assist in updating the Regulatory Compliance Risk Assessment
  • Works with others in the organization as appropriate to develop an effective compliance training program, including appropriate introductory training for new associates ongoing training for all associates and managers
  • Collect data (ex
  • Performing Risk and Control Assessment, identify key risk indicators and the corresponding key controls responsibility for the related monitoring activities including SOX testing and the necessary documentation
  • Support in the definition of the SOX strategy with respect to countermeasures for risks, type and leval of controls, best practices
  • Contact for internal clients (eg in the divisional Finance organizations, Internal Audit) external audit
  • Perform Logsheet review (logbooks, autoclave, cleaning, disinfection, filter integrity testing, room usage)
  • Determine best practice and oversee the implementation of consistent procedures across all teams
Qualifications for compliance specialist
  • 5+ years of experience in a Health plan offering Medicaid and/or Medicare Advantage plans
  • Ability to work well under pressure, manages multiple projects concurrently, and meets deadlines while staying professional and positive
  • 2-4 years of experience in vendor compliance and/or import compliance
  • The position description is intended to describe the general nature and level of work being performed by people assigned to this job
  • Minimum of 3 years experience in a compliance function within Financial Services
  • Basic understanding of US Regulatory Compliance requirements including Operational Risk
2

Compliance Specialist Job Description

Job Description Example
Our growing company is looking to fill the role of compliance specialist. 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 compliance specialist
  • Assists with the development, scoring, tracking and distribution of the annual risk assessment
  • Conducts follow-up monitoring procedures to validate adherence to remediation plans where deficiencies have
  • Monitor and Track regulatory disclosure reporting, Outside Business Activities, Personal Securities Accounts and Disciplinary Actions
  • Analyze compliance issues, governmental efforts, regulatory Warning letters and X-ray safety
  • Facilitate the securities and insurance licenses/appointments for the Firm’s financial consultants, licensed bankers, premier bankers, and private bankers
  • Completes routine follow-up on submitted licensing paperwork to ensure proper processing and updates internal Registration database as needed
  • Work with Insurance carriers to appoint licensed colleagues with such carriers
  • Monitors expiring insurance license report and notifies employees of pending expirations
  • Provides assistance with processing requests and responding to emails received in the Licensing & Registration mailbox
  • Provides administrative support for special projects to include research, compiling data and preparation of summary reports based on results
Qualifications for compliance specialist
  • Experienced understanding of service management in corporate environment including
  • Familiar with international certification scheme for Health & Safety and Environment
  • Ability to integrate with neighboring functions, such as Audit, Legal, Security
  • Ability to challenge and “ask the right questions” when tracking and reporting on implementation of regulatory changes
  • A qualified candidate may be a lawyer (J.D.) (preferred) with experience within the broker-dealer industry for 4+ years post-graduation—breadth, rather than specialization in any one area, is optimal
  • Generates excitement, enthusiasm and commitment to high levels of performance
3

Compliance Specialist Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of compliance specialist. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for compliance specialist
  • Responsible for the monitoring and operation of the Sales & Marketing component of the Compliance Program, ensures adherence to all required regulatory and company requirements and standards
  • Audits and monitors sales activities for compliance with applicable regulations and compliance training
  • Partner with the Compliance Officer LAD to provide direction and guidance to the OLA business regarding compliance matters in keeping with established OCA policies and procedures and applicable local law and regulations
  • Assists with the writing and revision of standard operating procedures (SOPs) and work instructions to ensure proper procedures are followed by Operations personnel
  • Supports consulting with internal groups (e.g., Operations, Client Services, Business Development, Information Technology, ) on healthcare issues and procedures to ensure healthcare compliance
  • Ensures compliance with all SCG EHS policies and procedures
  • Monitor employee personal accounts and trades
  • Enter manual trade confirmations to Examiner System
  • Provide user support for Personal Trading System (Examiner)
  • Complete deviations, CAPAs, change controls, document revisions and training activities to meet quality system requirements and timelines
Qualifications for compliance specialist
  • Knowledge of the financial services industry and regulatory requirements
  • Experience in data management and data management software
  • Strong experience with advanced reporting tools (ex
  • Proactive self-starter who can balance competing priorities and complete tasks in a timely fashion
  • Ability to successfully integrate continuous improvement efforts into daily tasks
  • Due to the nature of this work, qualified applicants who are offered a position must pass a random substance abuse test
4

Compliance Specialist Job Description

Job Description Example
Our company is hiring for a compliance specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compliance specialist
  • Works to develop relationships with vendors and the respective
  • Forward disclosure documents to appropriate real estate contact and confirm receipt
  • Assists in the development of the annual compliance plan for the country based on the Country Risk Register global and local priorities and provides recommendations in case of non-compliance
  • Maintains current knowledge of the CMS Medicare Marketing, Enrollment and Disenrollment chapters of the Medicare Managed Care Manual all other appropriate CMS guidance and communicates with appropriate staff
  • Monitors and evaluates compliance and enforcement trends and government oversight of competitor activities that may affect business
  • Reviews all marketing and educational materials
  • Responsible for new hire and on-going compliance training for sales and marketing staff
  • Conducts surveys and other evaluations to assess compliance knowledge gaps to understand needed curriculum assess effectiveness of existing compliance training and related materials
  • Partners with Sales & Marketing leadership to develop, implement, and continuously improve the “secret shopper” program
  • Audits and monitors licensure/credentialing for employed sales representatives and contracted agents/brokers
Qualifications for compliance specialist
  • Experience in dealing with Process and Control owner, understand business process, review & identify process gaps and give improvement recommendation
  • Demonstrated ability to work effectively & independently in a multi-national, matrix organization
  • Experience in Tester, Reviewer is an added advantage
  • Graduate with minimum 2-3 years’ experience in the financial services industry
  • Solid understanding of FINRA’s advertising requirements particularly the requirements under FINRA Rule 2210 – Communication with the Public
  • Detail-oriented, motivated and an independent thinker who is able to interact with employees of all levels
5

Compliance Specialist Job Description

Job Description Example
Our company is looking for a compliance specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance specialist
  • Prepare written reports of audit findings/results, including recommendations for improvement and corrective actions
  • Provide feedback on results of auditing and monitoring activities to affected departments, staff and practitioners
  • Assist in conducting clinical billing compliance risk assessments, identify high risk areas and communicate results to Associate Director and Corporate Integrity Officer
  • Assist in the development, implementation and maintenance of clinical and research billing and coding compliance policies and procedures
  • Develop standard compliance reports to communicate findings and report on trends
  • Coordinates and/or supports compliance efforts to ensure licensing risks are mitigated/documented and licensing goals are maintained, as requested by management
  • Receives and updates licenses or certifications for initial set up and renewal and escalates license issues to responsible parties
  • Develops reports and analyzes data that supports licensing decisions or compliance metrics
  • Communicates with business unit leaders to ensure they are informed of license/certification status of employees and have upcoming expiration date information and reports for notification purposes
  • Works with Marketing and Legal departments to keep abreast of license requirements on new product offerings, setting up requirements, and providing reports for ensuring proper execution
Qualifications for compliance specialist
  • Genuine curiosity and interest to learn new software, refinery based nomenclature, work processes, safety culture and process safety regulations
  • Strong communication skills with the ability to communicate information in an understandable way
  • Ability to be highly sensitive to maintaining confidentiality
  • Demonstrated time management, attention to detail, organization skills, teamwork and collaboration
  • Demonstrate the ability to interact and present information to upper level management
  • Must demonstrate a thorough understanding of FAR, DFARS, DEAR, CAS, ITAR and/or EAR regulations thorough understanding of supplier administration, supply chain, purchasing, material management, price/cost analysis and/or production control principles, theories, concepts and techniques

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