All that You Need to Know About the Compliance Executive

 

In this article, find all the key information related to the job of compliance officer, main missions, working conditions, training, skills, qualities required, remuneration and possible developments. Here are the Important information to be a Compliance Executive.

The main missions

The role of the compliance officer is to ensure the implementation and application of the compliance rules (ethical) in force within his company.

He participates in the drafting of various documents related to codes of ethics, compliance procedures.

It maps the list of all the risks of non-compliance and identifies the control points. In fact, this will allow it to better identify the risk control systems.

It analyzes and monitors any risks linked to conflicts of interest that may exist in financing and investment projects.

He must ensure that the company's internal tools and procedures take into account the defined regulatory compliance conditions.

He also validates the various compliance reports of his company. He is in charge of internal compliance control and can monitor market operations. It carries out regular control actions.

Banking organizations rely on the compliance officer to give his opinion on new products or services before they are put on the market. He also makes sure that there are no problems with clients ' trading reports.

The Inspection Options

During inspections of the various supervisory authorities or financial administrations such as the Financiers, the National Commission for Informatics and Liberties, or the Banking Commission, he is the interlocutor in charge of providing them with the various responses to their questions.

He must always keep himself informed of new regulations or laws applicable in the banking and financial sector. He conducts competitive intelligence on the best practices used in terms of compliance.

It participates in the training of its employees in terms of compliance by providing them with various advices on a daily basis and keeping them informed of current issues.

It must ensure the proper application of country-related embargoes

Depending on the companies in which he is called upon to work, the compliance officer may participate in the implementation of procedures related to the fight against money laundering  and the  financing of terrorism .