Compliance Manager
What's it like to be a Compliance Manager?
A Compliance Manager’s primary task is to ensure a company is following legal standards. They are knowledgeable about the various government and industry requirements for their company’s business to operate, assessing changes to the company for compliance, and suggesting the best workflows to maximise revenue and efficiency while following regulations. Compliance Managers work in finance, healthcare, technology, and construction.
Tasks and duties
- Developing surveillance systems to detect internal and external policy violations.
- Drafting and updating company policies.
- Overseeing human resources in implementing policies.
- Analysing current policies for legal risks.
- Monitoring regulatory changes and modifying best practices.
- Consulting with management for new business ventures.
How to become a Compliance Manager
A bachelor degree and previous work experience are required to work as a Compliance Manager. Compliance Managers should have a strong legal background, and some employers require a law degree. Attention to detail, risk analysis and organisation are key skills for the job.
Graduate with a bachelor degree in business, finance, law and commerce, or another related field.
Complete an internship at the legal department of a recognised company.
Seek an entry-level job in the legal department, such as Compliance Assistant or Compliance Officer.
Take a qualification course such as Certification in Regulatory Compliance.
Consider pursuing a law degree and obtaining a Certificate in Legal Practice (CLP) or Bar Professional Training Course (BPTC). A law degree is not required for most Compliance Manager positions, but may expand your career and salary prospects.
Pursue promotion to higher positions such as Senior Compliance Manager, Head of Compliance, or Chief Compliance Officer.
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