Compliance jobs require specialized knowledge of laws and regulations, and there are various qualifications available, from academic degrees to certificates and diplomas. Continuing education is often required, and professional certification is available for experienced professionals.
Compliance jobs typically require an individual to develop a strong understanding of laws, regulations and standards, as well as having extensive knowledge of the industry in which they work. As a result, there are many types of compliance qualifications, ranging from full academic degrees to professional diplomas and certificates. In addition, a compliance professional may also need to complete regular continuing education courses.
Many employers require applicants for compliance jobs to have at least a bachelor’s degree, and those in more advanced positions may be required to possess a graduate degree. While there are some degree programs that offer specialized training in compliance or business ethics, others may have a broader focus, training students in compliance-related areas such as business, law or even information science. Compliance candidates who hold a degree in non-compliance may be required to complete additional compliance qualifications, such as a continuing education course or certification program, in order to stay in their jobs or advance their careers.
Because the ability to work effectively in compliance depends on having specialized knowledge of compliance issues, many schools and companies offer certificate and diploma programs in various niche areas of compliance practice. For example, those working in compliance for finance companies may have to complete a series of courses to earn a financial compliance degree or certificate. Some companies may require job applicants to possess one or more of these compliance qualifications, depending on the complexity of their jobs.
Industry regulations and laws change frequently, requiring compliance professionals to routinely update their knowledge and skills. Participating in ongoing continuing education programs is often a requirement for those working in compliance. These compliance qualifications can be earned online, in self-paced classes, and during workshops and seminars held at industry conventions and conferences. Those who work closely with government agencies may find that they have to make significant efforts to keep up with changes, and may find that continuing education classes are the best way to accomplish this.
Another type of qualification program, which is not educational, is professional certification. Compliance certification programs provide a way for experienced compliance professionals to document their knowledge and skills. Requirements to earn certification vary, but generally include evidence of full-time employment in a compliance role for several years. Certification candidates must also pass a comprehensive exam before receiving certification. The need for certification varies by industry and employer. Some employers may insist on this type of certification before hiring a candidate, while others may be more concerned with professional experience and on-the-job education.
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