Core responsibilities
Develop and implement programs:
Create and manage internal compliance programs to ensure adherence to external regulations and internal policies.
Conduct audits and risk assessments:
Regularly review company practices, procedures, and systems to identify potential risks and violations.
Train employees:
Educate staff on compliance regulations, policies, and procedures to ensure everyone understands the rules and their role in maintaining compliance.
Advise management:
Provide guidance and reports to senior leadership on regulatory risks and recommend corrective actions.
Investigate and report violations:
Look into any discovered compliance issues, report findings to the appropriate authorities, and help devise plans to fix the problems.
Stay updated:
Continuously research and stay current on new and changing industry laws and legal requirements.
Maintain records:
Keep accurate and detailed records of compliance activities, reports, and training sessions.