The average pay for a Compliance Director in Hong Kong is HK$1,097,053 per year.
Job Description for Compliance Director
Compliance directors are responsible for ensuring that corporations or agencies conform to all rules, regulations, and laws relevant to their functions. For example, compliance directors at medical insurance companies analyze policies and practices to guarantee they adhere to state and federal Medicare and Medicaid standards and to state and federal laws related to treatment and patient care. In the banking industry, compliance directors analyze investments and policies to ensure their legal and regulatory status is in proper order, and they offer risk assessments of possible legal and regulatory issues that may arise in the future. If a violation does occur, compliance directors are responsible for managing and correcting the problem as well as instituting policy to eliminate the lapse in regulatory compliance.Read More...
Compliance directors work in an office environment. They typically are the head of a department and are required to give advice and status updates regarding projects within the organization. They oversee many simultaneous issues in various stages of the compliance and regulatory process, from the conceptual stage to implementation to any operational problems that occur. They are required to travel to meet with regulatory agencies, inspect sites, or hold meetings at satellite offices.
A bachelor’s degree or equivalent experience is required for this position. Compliance directors typically need five to 10 years’ experience in a related field, with emphasis on business operations or law as well as specific knowledge of the industry in which they will be working. They require strong communication skills and the ability to analyze and manage complex situations within the regulatory framework. (Copyright 2018 PayScale.com)
Compliance Director Tasks
- Research new and existing laws, regulations, policies, and industry standards and identify existing and emerging business practice issues and risks of company.
- Propose solutions relating to compliance requirements that impact the company's products and business.
- Evaluate the adequacy of internal control and identify inefficient business processes that hinder compliance.
- Lead team responsible for regulatory compliance.
Compliance Director Job Listings
Key Stats for Compliance Director