Compliance Analyst Job Description

What is a Compliance Analyst?

Compliance analysts coordinate the operations within companies and organizations to ensure they are in compliance with local, federal, and state government regulations. As the gatekeeper of compliance both inside and outside the company, they work to ensure that the activities at their employer adhere to the guidelines established by either the government or nonprofit entities that regulate them.

Compliance analysts plan and coordinate the operational activities within a company or organization to ensure compliance with governmental regulations and ordinances they work in settings including schools, hospitals, corporations, and nonprofits. They ensure that all policies and procedures are implemented and well-documented and perform internal reviews to identify compliance problems that call for further or formal attention. They are responsible for the development of risk management strategies at the organization to help avoid non-compliance, and they are fluent in industry compliance regulations and policies and stay in contact with compliance regulators. Compliance analysts need a bachelor’s degree and related field experience as well as writing, communication, and computer skills.

Compliance Analyst Job Description Template

Job Overview

Responsibilities for Compliance Analyst

  • Manage compliance and regulatory requests, including all market conduct requests.
  • Resolve issues and concerns from external and internal clients/auditors.
  • Process claims relating to the Loss Damage Waiver (LDW) program.
  • Establish and maintain relations with appropriate government regulatory agencies.
  • Maintain and update assigned compliance program and risk assessments.
  • Manage and prepare reports on management, personnel, budget, and assets.
  • Monitor regulatory changes as they relate to the program.
  • Lead the stability program for assigned products, ensuring protocols and data comply with regulatory requirements.
  • Develop a trend analysis to determine supplemental training needs to supply chain.
  • Conduct appropriate follow-up with those audited to resolve audit findings.
  • Assist with the development of information security policies, standards and procedures.
  • Support law department in investigating and resolving compliance problems, questions, or complaints.
  • Implement strategic policies when selecting methods, techniques, and evaluation criteria for obtaining results.
  • Collaborate on changes and to internal and regulatory policies as well oversight for compliance monitoring and testing.
  • Kick-offs, status reviews, stakeholder meetings, change controls, tollgates, etc.
  • Advise and educate lines of business (LOBs) in order to ensure full AML compliance.
  • Plan and coordinate delivery and dependencies with across multiple teams.
  • Ensure overall implementation of company safety and security policies.
  • Serve as compliance liaison to senior staff and the Legal Department.

Qualifications for Compliance Analyst

  • Bachelor's or Graduate's Degree in business, computer science, engineering or information systems, or equivalent experience.
  • Experience with SOX and GXP software and systems.
  • Experience with enterprise resource planning.
  • Prior experience as a consultant.
  • Fluency in HIPAA procedures and protocols.
  • Able to use leadership and critical thinking skills to assist with risk assessment.
  • A natural problem solver with strict attention to detail.

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Employers: How to Write Great Job Descriptions

  • Be sure to mention requisite years of experience and educational requirements
  • Tell job seekers what's unique about your company and job
  • Ideal length is a few paragraphs or about 200 words
  • Make sure to use appropriate paragraph breaks and bullet points so it's easy on the eyes
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