Compliance Managers

• File appropriate compliance reports with regulatory agencies.
• Conduct or direct the internal investigation of compliance issues.
• Identify compliance issues that require follow-up or investigation.
• Report violations of compliance or regulatory standards to duly authorized enforcement agencies as appropriate or required.
• Disseminate written policies and procedures related to compliance activities.
• Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.
• Serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities.
• Provide employee training on compliance related topics, policies, or procedures.
• Verify that all firm and regulatory policies and procedures have been documented, implemented, and communicated.
• Discuss emerging compliance issues with management or employees.
• Keep informed regarding pending industry changes, trends, and best practices and assess the potential impact of these changes on organizational processes.
• Advise internal management or business partners on the implementation or operation of compliance programs.
• Consult with corporate attorneys as necessary to address difficult legal compliance issues.
• Direct the development or implementation of compliance-related policies and procedures throughout an organization.
• Monitor compliance systems to ensure their effectiveness.
• Prepare management reports regarding compliance operations and progress.
• Provide assistance to internal or external auditors in compliance reviews.
• Design or implement improvements in communication, monitoring, or enforcement of compliance standards.
• Assess product, compliance, or operational risks and develop risk management strategies.

Source: O*NET OnLine information for Compliance Managers.

• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Coordination - Adjusting actions in relation to others' actions.
• Writing - Communicating effectively in writing as appropriate for the needs of the audience.
• Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
• Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
• Speaking - Talking to others to convey information effectively.
• Persuasion - Persuading others to change their minds or behavior.

Source: O*NET OnLine information for Compliance Managers.