Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Compliance Coordinator Job Description

Job Descriptions November 28, 2013

In the financial industry, there are many regulations in place to ensure that client money is being properly recorded, stored, and used by financial institutions. Most banks employ a compliance coordinator in order to audit the day to day activities of the bank. Coordinators, depending on the size of the bank or branch, may have a number of bank activities to review, or just a single aspect of the bank to review. Either way, compliance coordinators must be adept at gathering, analyzing, and reporting on vast amounts of data, quickly, and without error.

Compliance coordinators spend a great portion of their time gathering relevant data not only within the bank, but also from outside reporting sources. If there is a particular issue with a customer account, for example, information would need to be compiled both from bank sources and from the customer himself. This information is then compiled and analyzed by the compliance coordinator. Coordinators must have the ability to quickly assess data and determine whether or not it meets the bank’s compliance standards. This means that coordinators must have a clear understanding of these standards at all times.

Once a determination is made as to whether or not a particular issue meets compliance standards, the report must be made for a manager, who can then determine the best path forward. Coordinator input is very important when it comes to how banks should handle disputes and internal issues. Only coordinators will have a full understanding of the seriousness of an error or deliberate action, and therefore are uniquely qualified to assess what action should be taken.

Compliance coordinators must also stay apprised of any developments in local or national legislation which may affect how the bank does their business. Though some institutions may require an associate’s or bachelor’s degree, most prefer candidates to have leadership and financial experience over any other kind of qualifications.

The main aspects every compliance coordinator should have is integrity and strict adherence to ethical regulations. Compliance coordinator is currently highly ranked in the Best Business Jobs and 100 Best Jobs categories by U.S.News, because of low unemployment and high salary.

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Everglades University
  • Earn a Degree in Renewable Energy, Online or On-Campus. Get Info!
  • Online Courses
5 Program(s) Found
  • Earn a 100% Online Masters Degrees at ACU
  • Take Your Professional Career To The Next Level With An Online Graduate Degree
  • Online Courses
1 Program(s) Found
  • Online program in HR Management and Analytics from Wharton
  • Two-month online program by Wharton: Learn the latest HR Management and Analytics techniques to improve performance. Live faculty sessions.
  • Learn through case studies and examples from automotive to banking.
  • Custom exercises and moderated discussion make for interactive learning.
  • Online Courses
  • View Associates, Bachelors or Graduate Degree Programs in Business Near YOU!
  • Enter YOUR Needs and Requirements. Get Matched to the Perfect Campus or Online Degree Programs for You.
  • Free information for Business Administration and Management, Accounting, Marketing and Advertising, Business Information Systems Degree Programs and MORE.
  • Accredited, Flexible Business Administration and Management Degree Programs to Fit Your Time and Budget. Use our Matching Service - It's Easy and FREE!
  • Online Courses

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Everglades University
  • Earn a Degree in Renewable Energy, Online or On-Campus. Get Info!
  • Online Courses
5 Program(s) Found
  • Earn a 100% Online Masters Degrees at ACU
  • Take Your Professional Career To The Next Level With An Online Graduate Degree
  • Online Courses
1 Program(s) Found
  • Value investing is an investment approach that helps investors identify, research, and buy securities priced well below their true market value. Enroll today.
  • The Value Investing (Online) program provides you with an integrated framework that teaches you how to identify opportunities for investment that others may miss. Apply Now.
  • The Value Investing (Online) program is designed to give you a strong foundation in one of the most successful investment strategies ever developed.
  • Follow in the footsteps of legendary investors like Warren Buffett and Mario Gabelli, who have been guided by these principles during their entire career.
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!