Finance Jobs: What does a Compliance Officer do?
If you are looking for finance jobs, why not consider taking a closer look at compliance officer jobs? Once you know what this job requires you can make sure that you complete the training requirements to be eligible for this position. If you are already a qualified compliance officer, register your CV on www.JobMail.co.za and find jobs online.
What is a Compliance Officer?
Before embarking on this career you will need an understanding of what compliance officers are responsible for. Compliance officers are responsible for ensuring that a company is adhering to regulatory requirements.
Compliance jobs involve the development and maintenance of compliance procedures. They assess the company for compliance risks. Another responsibility of a compliance officer is overseeing the compliance of other staff members such as management and administrative employees. They assess the company’s facilities to ensure that they are accessible and safe. Compliance officers write new company policies and update existing policies to ensure that they adhere to the applicable regulations.
They inform the company’s staff on how to maintain compliance and review communications for compliance. They play a vital role in procedure audits. Another duty that is associated with this position is the following up of client complaints.
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Qualifying for Compliance Officer Jobs
Once you have decided that this is the career for you, you will need to make sure that you complete the right qualifications. Studying a degree related to accounting and finance followed by gaining experience in the industry is a good way to increase your chances of being hired. Compliance officer jobs require additional studying after matric.
For entrance into the learning pathways you will need a National Senior Certificate which includes the subject of Maths. It is important to check the specific requirements of the institute that you are applying to. One option is to complete an Accounting Diploma. You could also choose to study a Bachelor of Technology Accounting and Finance which has a four year duration. Another suitable degree is a Bachelor of Accounting.
Make sure that you have what it takes to succeed in this career before you invest time and money in training. If you don’t have the right skills, you can make an effort to develop them. These types of finance jobs require that you pay attention to detail. Good problem solving and analytical thinking skills are also required.
The Work Environment
As a compliance officer, where can you find employment? Compliance jobs are typically found in the IT, engineering and finance industries. Employment opportunities can also be found in the sales, management and administration fields. The regions with the most opportunities for compliance officers are Johannesburg, Cape Town and Durban.
If you still aren’t convinced that this might be the right career for you, do note that it offers good financial rewards. The annual income for a professional in this career ranges between R 132 680 and R 588 152. With an average salary of R 292 546 you can expect to earn somewhere in this bracket once you have experience.