Compliance coordinators ensure organizations comply with laws and regulations. They need a relevant degree and industry experience, with requirements varying across sectors. Writing and research skills are also important.
Contingent on the specifics of a compliance coordinator’s job description, he or she will ensure that the organization complies with various laws and regulations set forth by external institutions and internal policy. Compliance requirements can vary widely across sectors, but most often the position involves ensuring legal, sector, institutional, and contractual compliance. Adherence to laws, regulations, rules and policies is an important part of running an effective organization, in particular to mitigate the risks associated with non-compliance inherent in an industry. Effectively filling the position often requires someone with a solid educational background in a relevant professional and related experience in the specified industry. To become a compliance coordinator, candidates will need to prove the necessary education and experience.
Most compliance coordinator positions will require a bachelor’s degree, usually in business administration; although in some sectors other grades are preferred. For example, to become a compliance coordinator in the healthcare industry, a bachelor’s degree in healthcare administration is best aligned to the task, although a business administration degree may be acceptable. Financial sectors may prefer an undergraduate degree in accounting or financial management rather than business. Educational institutions may require a teaching certification and a master’s in educational administration.
Professional experience is also important for candidates looking to become a compliance coordinator. Experience requirements vary across industries, often depending on the amount of regulation exposed to a particular industry. Many organizations will only require one year of experience in the specified industry, but for industries exposed to intense regulation, more is often needed. Public and private educational institutions, for example, deal with heavy regulation of public and peer supervision, requiring not only a higher level of education but also more experience, usually around three years. This experience need not be compliance-oriented in most cases, but it does include exposure to the industry in a capacity that would require knowledge of or interaction with compliance requirements.
The most suitable backgrounds for becoming a compliance coordinator, however, are often taken into consideration, particularly when many applicants apply for the same position. In addition to familiarity with compliance concerns in the specified industry, candidates will also need to demonstrate an aptitude for research and reporting. Writing skills are essential for the job, and candidates who demonstrate expertise in communicating through written efforts may be at an advantage for these openings.
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