What Do Compliance Officers Do?
Compliance officers are responsible for examining, investigating, and evaluating eligibility for regulations and laws governing contract compliance of permits and licenses. They also handle enforcement inspection and analysis activities. There are several occupations that fall under this category:•Coroners•Environmental Compliance Inspectors•Equal Opportunity Representatives and Officers•Government Property Inspectors and Investigators•Licensing Examiners and Inspectors•Regulatory Affairs SpecialistsIn general, these workers need to be able to get information, document and record it, and then be able to communicate with people outside their own organizations and with the general public. They will also need to analyze the data or information they receive and be able to identify it so that it can be categorized and studied.The annual growth rate is projected to be at 5% for these positions around the country between 2012 and 2022. This results in around 5,530 job openings every year.
Compliance Officers Skills and Abilities
Compliance officers should have excellent communication skills in all areas such as reading, writing, and speaking. They need to be active listeners and have strong critical thinking skills because of the problems they will have to solve in their work. They will also have to be skilled in social perceptiveness so that they understand how and why people react in the way that they do. Making good judgments and decisions is also important so that the officers can choose the most appropriate actions for various situations.
Compliance Officers Duties
Compliance officers need to be able to get information from relevant sources and be able to identify objects, events, and actions as needed, noting any changes, similarities, or differences. They will also need to document and record information in either written or electronic form. The information they receive often requires evaluation and analysis so that they can determine whether processes or events are in compliance with laws, standards, and regulations. They often need to communicate their findings to others, whether internally to supervisors, peers, and subordinates, externally to outside organizations and interested parties, such as clients, or most broadly, to the public at large.
Compliance Officers Tools and Technology
People in this work should be able to use desktop, notebook, or personal computers, a calculator, copy machines, and fax machines. Specialized compliance officers will need to know how to use the tools of their trade. For example, licensing examiners and inspectors should know how to use bar code readers, biometric identification equipment, and eye charts or vision cards. Coroners should be familiar with the tools to handle autopsies, such as forceps, hanging scales, knives, blades, saws, and scissors. Compliance officers should also be familiar with the software to do their jobs, which include analytical, scientific, graphics, photo imaging, word processing, spreadsheet, document management, and inventory management. The ability to query a database is also important.
Education and Training for Compliance Officers
Most people who are compliance officers have at least a Bachelor’s degree. There is usually no work experience available for an entry-level position but typical on-the-job training may be moderately provided. Most employees should have relevant coursework for their specialization. For instance, coroners should have studied medicine and dentistry because they are dealing with human bodies.
Compliance Officers Salary
Pay varies, depending upon the nature of the occupation. The lowest 10% make around $37,000 per year while the median annual salary is $65,000. The top 10% of compliance officers earn around $101,300 each year.
Compliance Officers Jobs by Geography
Utah, Colorado, and Texas have the highest concentration of compliance officers, by population. However, the states that have the highest median wages for these jobs are District of Columbia, Massachusetts, and New Jersey. Local, state, and federal governments have the highest demand for these jobs. Study these aspects to decide where you should start your career as a compliance officer.