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.

Searching Searching ...

Matching School Ads
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
2 Program(s) Found
South University , Glen Allen
  • Program options include Accounting, Business Administration, Leadership, and more.
  • Curriculum focuses on developing leadership, critical thinking, problem-solving, and communication skills.
  • Programmatic accreditation by the Accreditation Council for Business Schools and Programs (ACBSP) at select campuses.
  • Business programs are available at many of the 11 campus locations across the United States.
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
1 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses

Searching Searching ...

Matching School Ads
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!