Compliance Jobs in the Investment Industry

Investment is considered to be one of the most strictly regulated sectors of the financial industry. It is necessary for the investment companies to adhere to the guidelines. Otherwise they may face fine or strict penalty. Compliance department is an integral part of the investment firms. These firms often employ specialised compliance professionals. The main task of the compliance department is to implement and enforce procedures and policies that can external or internal. Assessing risk is a primary task of compliance professional. After making the assessment, the compliance officer should recommend necessary steps to be taken for reducing the risk.

Having high degree of integrity is a must for those who wish to join this profession. Staying up to date about the changes in laws and regulations is also important. Compliance officers often need to work as an independent entity. They also need to self-manage projects. If you have specialised knowledge about rules and regulations, you can become an ideal candidate for this job role.

There can be different types of compliance jobs. Let’s have a look at them.

Compliance Auditor

Conducting internal compliance audits every year is a must for an investment firm and a compliance auditor is required for that. He should design and implement the audits. He also handles the spot-checking documentation. It is his duty to ensure that all the documents comply with the set regulations and laws. This is a very detail oriented job. Therefore having patience and an eye for detail is absolutely necessary for a compliance auditor. He should have a thorough knowledge of the rules and regulations of the investment world. Having project management skill is also essential for an auditor. He should efficiently collect, manage and record data from the audit findings.

Compliance Analyst

The job role of a compliance analyst is quite difficult. He needs to research the data that are compiled from internal audits as well as compliance procedures in order to examine the potential liability of a company. He should check whether the operations comply with the policies and regulations.

Compliance Officer

In most of the cases a compliance officer leads a team of compliance professionals. This is an executive position. Auditors and analysts report to the compliance officer about their findings. Having a bachelor’s degree in business, law or management is essential for applying for this position. He reviews the documents and make recommendations to the higher management about the changes required to comply with laws and regulations.