How to Become a Compliance Manager

How To Become a Compliance Manager

Compliance managers provide the structure, training, and education. They also provide the rules and regulations. They also provide actionable leadership that ensures businesses follow the law. It’s a much-wanted position.

It employs industrious, persistent, and astute legal and financial professionals.

The career path is challenging. Yet its reward is placement in a well-paying, reputable profession. This makes it very valuable.

Photo by Zdeněk Macháček on Unsplash

Becoming a compliance manager is no easy feat, but the role provides immense variety, depending on the sector you decide to practice in. Compliance managers are needed in almost every regulated industry. This means professionals wanting to be compliance managers can end up working in anything from finance to charities.

Before focusing on one industry, compliance managers must be educated to a degree level. They need a solid understanding of finance or law to take the first step into this part of business regulation.

Compliance managers must be communicative, natural leaders, diligent, and obsessed with detail. The job requires composure and maturity. It also requires the ability to handle stress and the details of changing laws. Compliance managers and internal controls are under immense pressure.

After all, the future success of such companies relies entirely on their compliance teams. The team must control and understand the law, the market, and how to change regulations.

Please visit our job description page to learn more about the day-to-day responsibilities of a compliance manager.

Step 1: Understand the Power of Risk When Thinking About Career Development

The main skill for a compliance manager is understanding risk. They must also understand risk reduction and trends in corporate and financial risk management.

Your success as a compliance manager depends on risk management. It also depends on how risk affects the implementation of regulatory controls. The group hiring you will want to review your skills, knowledge, and experience with risk in your sector. They want to know how you used that knowledge to build a culture of compliance in your past jobs.

Step 2: Certifications

We cover this in-depth on our Compliance Manager qualifications and skills page. A set of certifications will help steer your career into specific fields. These include information systems security, ethics, governance, and IT.

These extra boosts will help your compliance manager application. They will establish you as a high-demand candidate and a field leader.

Step 3: Watch Out for Legal Changes

Financial laws change often and are strictly enforced.

Under the direction of a trained manager, the Compliance Team needs to adjust to new regulations and oversight.

This creates a culture of compliance. Such a culture is essential for financial success and for following the law while providing service.

Learn more about compliance manager careers here.

The following articles cover the job description, salaries, CV-building tips and more:

Job Description & Profile, Salary & Pay, Qualifications, Skills & Requirements

Search Jobs to find out about the Compliance Manager job roles we currently have available.