What Do Compliance Directors Do?
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 a…Read more
- 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.