A compliance coordinator helps organizations meet regulatory obligations, acting as a liaison between the company and regulatory agencies. They must be familiar with all relevant regulations and may need to develop action plans to resolve issues. Good communication skills and attention to detail are important.
A compliance coordinator works with an organization to help it meet regulatory obligations. Also called compliance specialists and consultants, these professionals typically have two to five years of industry experience. They are familiar with all relevant regulations, including planned and proposed policies that may impact their employers’ activities. Some industries a compliance coordinator might work in could include banking, healthcare, and education.
This staff member of a company acts as a liaison between the company and regulatory agencies or inspectors. The compliance coordinator needs to be familiar with all regulations that apply to a company in order to provide assistance. On any given day, you may need to meet with company interns, regulators, and administrators who define and enforce policy within the organization. Good communication skills are important to ensure information is conveyed and fully understood.
Within the company, a compliance coordinator can help the company define policies that will help you stay on top of compliance. Those in positions affected by the legislation may need to come together to receive special education and training. This could be as simple as receiving a handbook with information, or it could require several days of training to confirm that the team member is ready. In a doctor’s office, for example, the compliance coordinator might discuss issues such as privacy with secretarial staff. They may be required to sign documentation indicating that they understand the nature of the privacy regulations and are prepared to comply with them.
Regulators can periodically inspect a company for signs of compliance or request documentation from the compliance coordinator. Documents such as handbooks, forms, and copies of employee policies may be requested as part of a company review. The compliance coordinator provides all of this information, answers questions, and sets up meetings with employees and administrators if necessary. If issues are discovered in a regulatory review, that team member will need to develop an action plan to resolve them and may need to work with others to implement it.
An attention to detail is important for jobs in this field. Compliance coordinators need to stay current on current and proposed legislation that may affect their employers. Many also come with multiple options that they can use to meet regulatory requirements. New software products and training workshops, for example, can keep staff on the job and make it easier to file the necessary documents and statements. There are also legal concerns for people in this position, as they can be held liable if they give bad advice or behave negligently while being considered a source of information.
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