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Compliance Coordinator Job Description Template

Job Description Template

Compliance Coordinator Job Description Template

April 20, 2023

Compliance Coordinator Job Description Template

Your next hiring process can be an enjoyable venture if you have suitable assistance and resources. Using a comprehensive job description will help you find the perfect candidate for your business. Let’s start this journey together with this FREE Compliance Coordinator Job Description Template.

This article, which contains crucial information about a Compliance Coordinator, is a detailed career guide created to ease your quest for new employees!

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What is a Compliance Coordinator?

Compliance Coordinators are legal professionals who ensure that the company runs its business in compliance with industry-related laws, regulations, and legislation.

They oversee the company’s activities and employees to ensure they are following all local, state, and federal laws and regulations.

Compliance Coordinators perform internal compliance audits, prepare compliance reports for senior management, and collect compliance data from various departments.

They are also responsible for identifying significant business risks, reporting violations to relevant authorities, and implementing new compliance policies and procedures.

Related Job Titles for Compliance Coordinator

The Top Compliance Coordinator Skills

Skill Why it's important
Communication Effective verbal and written communication is essential for Compliance Coordinators. They use verbal communication to convey important compliance information and terms to employees and executives and explain complex compliance regulations. They also use written communication to write accurate compliance reports and audits.
Attention To Detail Compliance Coordinators must be detailed-oriented to be able to do their job well. Attention to detail helps them accurately and thoroughly review the company’s records and files and identify any issues or violations. This skill also helps them reduce risks by identifying problems with compliance with laws.
Analytical Skills Analytical skills represent a huge asset for Compliance Coordinators. They use detailed analysis to identify patterns and review complex compliance information. Analytical skills help Compliance Coordinators research effective company procedures and policies. They also use analytical skills to monitor employee performance and ensure they comply with the laws and regulations.
Policy Development Having in-depth knowledge of industry-specific laws and regulations is primary for Compliance Coordinators because they are typically responsible for the development and implementation of the company’s policies and procedures. This knowledge helps them establish and explain strict rules and guidelines that all employees should follow.
Problem-Solving Compliance Coordinators must have strong problem-solving abilities. This skill helps them identify compliance issues, evaluate potential solutions and propose the most effective one. Compliance Coordinators also use problem-solving to determine potential risks and implement solutions to decrease, prevent, or avoid them.

Compliance Coordinator Job Description Template (Free)

We are searching for an experienced and reliable Compliance Coordinator to join our company. As a Compliance Coordinator, you will ensure the company is following all relevant and industry-related laws, regulations, and standards. You will be responsible for overseeing the activities of the company’s compliance, collecting and reviewing compliance data across departments, and preparing accurate compliance reports for senior management.

Additionally, you will be tasked with researching, developing, and implementing new compliance policies and procedures and ensuring all employees adhere to them. You will maintain internal audit policies in accordance with best practices and identify and report compliance violations to relevant authorities. You will also educate employees on the new company’s policies and terms.

Ultimately, you should have in-depth knowledge of all industry-specific regulations and laws, as well as exceptional communication, attention to detail, problem-solving, and analytical skills.

Compliance Coordinator Duties & Responsibilities:

  • Oversee the activities of the company’s compliance with local, state, and federal laws and regulations
  • Evaluate and identify areas of significant business risks
  • Perform and maintain internal audit policies and procedures in accordance with local and international best practices
  • Collect and review compliance data across departments
  • Write and prepare compliance reports for senior management
  • Monitor employee performance and activities to ensure compliance with the company’s standards and guidelines
  • Review and assess new products, systems, and procedures
  • Develop and implement compliance programs and suggest changes in requirements
  • Research and keep track of industry-related regulatory requirements and legislation
  • Identify and report violations to relevant authorities
  • Train and educate employees on the new company’s policies, terms, ethics, etc
  • Coordinate with external auditors, lawyers, and other professionals to manage compliance activities
  • Analyze compliance data and convey accurate and timely information to management or risk committees

Compliance Coordinator Requirements:

  • Bachelor’s degree in law, risk management, finance, business administration, or a related field
  • A Master’s degree in business administration or risk management is an advantage
  • Certification from the International Compliance Association
  • Prior working experience in a compliance role or legal environment
  • Broad knowledge and understanding of compliance and regulatory laws and standards
  • Exceptional written and verbal communication
  • Strong analytical skills
  • Meticulous attention to detail
  • Effective problem-solving

Accounting Specialist Interview Questrions

Sample Interview Questions for a Compliance Coordinator

Once you gather up all the received applications, you can use these sample interview questions for Compliance Coordinator.

Personal
  1. When did you become interested in being a Compliance Coordinator?
  2. What are your three strongest traits?
  3. Do you have any hobbies or activities outside of work?
Human Resources
  1. Could you tell us more about your college degree?
  2. Why do you think you are the strongest candidate for this position?
  3. What salary range are you looking for if you get hired?
Management
  1. How would you deal with a situation if an employee is not following the company’s policies?
  2. Have you ever identified and reported a major compliance violation?
  3. What is your experience with writing complex compliance reports?
Technical Skills and Knowledge
  1. What is your general knowledge of industry laws and regulations?
  2. How do you make sure the company is complying with industry-specific laws?
  3. How often do you think policies and guidelines should be audited?

What are the Educational Requirements for a Compliance Coordinator?

Compliance Coordinators must have at least a Bachelor’s degree in business administration, law, risk management, finance, or a related field.

The majority of employers prefer to hire a candidate with a Master’s degree in business administration with a focus on risk management.

Another essential qualification for Compliance Coordinators is a professional compliance certification.

They can acquire various types of certifications through the International Compliance Association.

However, the most common certification for this position is a Certified Compliance and Ethics Professional (CCEP).

How Much to Pay a Compliance Coordinator when Hiring

Compliance Coordinators earn between $24,500 and $62,500 per year.

Their median annual salary is $46,303.

Hourly rates go from $12 and $30.

The median hourly rate is $22.

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $12 $17 $22 $25 $30
Annual Wage $24,500 $36,000 $46,303 $52,000 $62,500

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Frequently Asked Questions about Compliance Coordinator

 

What do Compliance Coordinators do?

Compliance Coordinators are legal professionals responsible for ensuring the company is following local, state, and federal laws and regulations based on its industry.

They develop and implement compliance policies, identify and report violations, and write compliance reports.

Who do Compliance Coordinators report to?

Compliance Coordinators typically report to the Director of Compliance or Compliance Manager.

Where do Compliance Coordinators work?

Compliance Coordinators can work in various areas and industries, such as financial services, healthcare, telecommunications, corporate agencies, etc.

What are the crucial skills for Compliance Coordinators?

Compliance Coordinators must have a strong knowledge of all industry-related laws and regulations, as well as exceptional verbal and written communication, analytical, attention to detail, and problem-solving skills.

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