Compliance Analyst
The main task of a Compliance Analyst is to ensure that the company’s actions meet the standards of the state and federal laws and regulations.
Compliance analysts are responsible in making the company compliant not only with local, federal and state laws, but also with company policies and procedures. They examine and review relevant laws and procedures and may help in training compliance analysts in the junior level. They can also train staff in understanding issues regarding compliance. It is also their job to approve ad materials, maintain company databases and document all procedures associated with compliance.
They usually work with operations managers, legal staff, sales and marketing for ensuring compliance of advertisement and communication material, which includes specifications of products and legal requirements.
Required Education
The educational requirements for a compliance analyst include a bachelor’s degree relevant to the field of the industry they’ll be working at. A master’s degree is also required by some companies. It is also a plus if you have relevant work experience prior to application. Licenses or certifications are also being required by some positions. The following are the skills that a compliance analyst are expected to possess.
- Computer skills in office applications
- Strong problem solving, decision-making, reporting, communication and management skills
- Sense of ethics
- Ability to train employees
Salary and Job Growth
Salary depends on the employer, state, industry and years and level of experience. For entry-level (one year of experience or less), the median annual salary is $39,773 and for more experienced ones, the median annual salary is $56,621 as of Feb 2008 according to PayScale.com.
Healthcare and financial industries offer an excellent job growth to compliance analysts, especially for those who have bachelor’s or master’s degree.
