Compliance Associate Job description

Introduction:

The compliance associate reports directly to experienced executives and reviews the corporation’s internal control systems, rules, and processes to ensure that they conform to regulations. For specific tasks, they may work with internal audit, accountants, and tax collection professionals. They assist a corporation in ensuring that staff does tasks following regulatory rules, senior management directives, and people management policy. They guarantee that staff adheres to industry best practices and professional conduct in the tasks they participate in. They must coordinate and manage the safety surveillance system, lead specialized data security efforts, prepare compliance rules, and advise sales tactics and promotions, among other tasks. They’ll keep an eye on the company’s data barrier, check the flow of data, and keep an eye on staff and associate trading activities.

Compliance Associate Job Titles:

  • Compliance Associate
  • Compliance Assistant

Compliance Associate Job Summary:

We’re searching for a compliance associate with a bachelor’s degree in a related discipline to join our team. You will be a go-to source for public and private surveillance of the company’s whole claims data in this role. You will work as part of a team to assist steer the strategic priorities of the business segment. Observing data activity, performing internal and external auditing processes, engaging in corporate assessments, and actively engaging across product offerings, production, and IT to ensure compliance with requirements are just a few of your main tasks. You must be eligible to function alone and as part of the team with minimal supervision. In his or her everyday responsibilities, the compliance associate will assist the ISO claims inquiry conformance unit. Auditing our clients’ usage of ISO claim inquiry and reacting to worldwide subpoena demands for our data are two of the major job roles. This is a fantastic opportunity to break into the expanding information services market and work with one of its most influential players. Examine whether customers are following established industry standards for agreements, safety and confidentiality rules, and permissive item use in compliance with federal and local privacy laws.

Compliance Associate Job Responsibilities and Duties:

  • Oversee all compliance program resources
  • Ensure accurate program implementation maintain appropriate knowledge of all compliance issues
  • Analyze all regulatory guidelines and evaluate risks for the same
  • Assess all possible flaws and aid in their resolution
  • Track all concerns and customer complaints and suggest corrective measures
  • Assess all activities that need departmental permission
  • Prepare all firm replies as per laws
  • Analyze and react to compliance concerns queries
  • Maintain and handle all divisions for documentation and engage in all compliance committees
  • Keep an eye on all initiatives to ensure that they comply.
  • Throughout the procedure, assist all regulating examiners.

Compliance Associate Skills and Qualification:

  • A bachelor’s degree in a relevant discipline is required
  • A minimum of one year of experience in a related field is required
  • Understanding of relevant regulatory requirements or compliance obligations is required
  • Computer and Office Software skills
  • Ability to explore and follow instructions
  • Critical reasoning abilities
  • Ability to prioritize tasks and fulfill deadlines
  • Reliable, dependable, and must have great communication skills
  • Effective language and oral communication skills
  • Level of detail, prioritization skills, and time management skills 

Compliance Associate Salary

The average salary for a Compliance Associate is $64,817 per year. The salary range for a Compliance Associate varies depending on experience and location. Entry-level positions may start at $50,000 per year while more experienced associates can earn up to $80,000 per year or more. The highest-paid compliance associates tend to work in large cities such as New York, Los Angeles, or Chicago.

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