A compliance associate ensures that their company’s employees comply with all guidelines, management directives, and human resources policies. They make sure staff members conform to industry practices and professional standards in all activities, with specific practices and standards depending on the company and field. Other tasks completed by the compliance associate include investigating and resolving compliance issues, implementing procedures for monitoring compliance guidelines, maintaining files and databases of all records relating to compliance and risk, and participating in compliance audits. They are also responsible for reviewing agency reports, formulating responses and corrective actions regarding agency reports, and distributing information regarding new and ongoing requirements. Compliance associates generally work full time in an office setting; these professionals may work in a variety of fields.
Compliance Associate Tasks
Conduct monthly and yearly branch/departmental compliance reviews.
Research and report on regulatory changes to ensure compliance.
Discipline and/or re-train employees in the event of compliance guideline violations.
Assist with training new employees on compliance procedures and answer questions regarding policies.