The Compliance Officer is responsible for ensuring the company complies with its outside regulatory requirements and internal practices. With the ever growing maze of laws, regulations, licensing and permits, the need for Compliance Officers are increased every day to ensure that companies and governing bodies stay in line with their internal policies and requirements. The officer may also be responsible for reviewing and setting standards for outside communications by requiring disclaimers in emails, or may examine new facilities to ensure they are accessible and safe. As well as outside standards, they can also design or update internal policies to mitigate any risk the company may have of breaking laws and regulations. The officer typically works as an independent and objective body that reviews and evaluates the compliance issues/concerns within the organization, which includes conducting internal audits. They are independent to ensure there is no bias towards the organization and each Compliance Officer simply follows the Standards of Conduct.
Compliance Officers are particularly in demand in the financial industry since the government steps up its enforcement of any anti-money laundering laws, especially in Wall Street or federal government agency. However, Compliance Officers are also present in many expanding fields such as health care, telecommunications and oil and gas. Each officer in every industry will start by assessing the organization and identifying the risks that organization faces. They will then design or implement controls to mitigate those risks and report any change in control that occurs. If they find laws that are being broken, or regulations that are not being followed, they are obligated to report this and is authorized to implement all necessary actions to ensure achievement of the objectives of an effective compliance program.
Compliance Officers will also work with other departments such as Risk Management, Internal Audit, Employee Services etc. to direct compliance issues to the appropriate existing channels for investigation and resolution. If the investigation produces unlawful activity, they will also consult with the Corporate Attorney as needed to resolve difficult legal compliance issues. While working with these other departments, the officer will also institute and maintain an effective compliance communication program, which can include promoting the Compliance Hotline, increasing awareness of Standards of Conduct, and understanding new and existing compliance issues and policies and procedures. After the program is in place, they will develop a training program for new employees and then monitor the performance of the Compliance Program to ensure its continued effectiveness.
If applying for a Compliance Officer position, your resume should include whether you worked for an independent Compliance agency or a specified organization. The diversity of employer types and needs require extensive specialized education and training, such as an environment Compliance Officer may need substantial scientific knowledge to perform tests that measure the environmental impacts of airborne and waterborne chemical releases. An intense knowledge of regulatory requirements and internal practices is mandatory, show this on your resume by your experience at each organization as well as continuing education and knowledge of the ever expanding and changing laws, regulations, licenses and permits. Being able to identify risks and knowing how to fix them is the main objective, so describe any experience you have had where you identified an organizations risk and what you did to implement controls to mitigate those risks. If laws are broken, be sure to include how you reported your findings and what appropriate measures were taken.
Compliance Officer Resume Builder Power Words: compliance, regulatory requirements, internal practices, laws, permits, licensing, training, programs, Standards of Conduct, Compliance Hotline, risk, audit, and organization.
Compliance Officer Resume Sample
- Assessed compliance risk, identified root cause of compliance exceptions, and developed corrective action plans to ensure effective enterprise-wide internal controls are in place
- Assisted in community-wide surveys, as directed by the Board of Directors or Executive Director, as well as conducted mock surveys
- Collaborated with Human Resource Department on plan of action and regulations
- Completed monthly and quarterly regulatory reports
- Conducted special studies related to quality improvements
- Consulted with the corporate attorney as needed to investigate/ resolve difficult legal compliance issues
- Corrected compliance deficiencies identified by internal and external examinations
- Developed, initiated, maintained, and revised policies and procedures for the general operation of the Compliance Program and its related activities to prevent illegal, unethical, or improper conduct
- Ensured clear and open communication on policies and procedures, issues and other quality indicators related to continuous quality improvement/accreditation standards
- Ensured proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required
- Monitored and coordinated compliance activities of all departments
- Provided reports on a regular basis to keep team informed of the operation and progress of corporate compliance efforts
- Provided support and assistance to all departments in developing goals and objectives for department quality improvements
- Tracked and coordinated responses to patient suggestions for improvements and complaints
- Worked with business management to identify, formulate, and implement compliance risk policies, procedures, and controls
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