Compliance analyst jobs near me

What is a compliance analyst salary?

Compliance-Analyst Salaries in London Area

Updated 19 May 2022. Very High Confidence. £22K. £37K. The estimated salary for a Compliance-Analyst is £36,703 per year in the London Area area.

What do you do as a compliance analyst?

Put simply, compliance analysts help companies remain compliant with regulations, thus preparing them for audits. By figuring out which regulations affect “Company X,” compliance teams can then develop a plan to meet the necessary standards.

How do I become a regulatory compliance analyst?

To become a regulatory analyst, you need a bachelor’s degree in business, finance, accounting, or a related field. Employers prefer candidates who have several years of practical experience in auditing or a similar regulatory environment.

What are the highest paying compliance jobs?

High Paying Compliance Specialist Jobs

  • Senior Compliance Analyst. Salary range: $70,000-$123,500 per year. …
  • IT Compliance Analyst. …
  • Compliance Testing Analyst. …
  • Regulatory and Compliance Technician. …
  • Compliance Examiner. …
  • Compliance Quality Performance Analyst. …
  • Compliance Analyst. …
  • Compliance Associate.

What does a senior compliance analyst do?

A senior compliance analyst is responsible for ensuring that a company or organization complies with all regulatory guidelines and laws. This often includes regulations regarding occupational health and financial reporting.

What does a compliance analyst do at a bank?

What does a Compliance Analyst (Banking) do? A Compliance Analyst (Banking) monitors customer accounts and researches complex transactions to identify suspicious activity in violation of the Bank Secrecy Act (BSA), USA Patriot Act, and other Anti-Money Laundering (AML) regulations.

Is compliance a good career path?

Compliance is an occupation with a lot of career advancement potential. It often covers interesting work with an important objective to protect the organization from within. Salary levels are also attractive compared to Operations, Risk and administrative Legal positions.

Why do I want to be a compliance analyst?

You get to interact with external bodies and individuals a great deal, build networks and maybe even travel. Compliance is a global community that transcends industries and national borders. There is a growing community of compliance professionals across many different regulated industries and jurisdictions.

How do I become a risk analyst and compliance?

To become a compliance analyst, you need a bachelor’s degree and experience in your chosen field, though some organizations request a master’s degree. While there is no specific degree for this career path, most employers desire degrees relevant to the company’s sector.

What is an AML compliance analyst?

An anti-money laundering analyst is a professional who investigates and monitors financial activity and transactions that appear to be suspicious. They are also responsible for helping businesses comply with all anti-money laundering rules and regulations to prevent audits or money-laundering accusations.

How do I prepare for a compliance analyst interview?

Interview Questions for Compliance Analysts:

  1. Can you describe the career choices that make you a good compliance analyst? …
  2. Can you describe a procedure you successfully implemented to ensure compliance? …
  3. Which compliance management software have you found particularly useful?

What is a risk and compliance analyst?

Risk and Compliance Analyst

Determines compliance with policies and procedures. Performs the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance…

What is a compliance officer salary?

An early career Compliance Officer with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of ?1,688,268 based on 15 salaries. A mid-career Compliance Officer with 5-9 years of experience earns an average total compensation of ?3,050,000 based on 6 salaries.

What are the qualifications for a compliance officer?

Requirements to Become a Compliance Officer

In terms of an undergraduate qualification, there are different routes that can be taken and that would be either a Bachelor’s degree in Accounting, Business Science or Law. From there it would be beneficial to complete your Postgraduate Diploma in Compliance Management.

What is compliance job description?

A compliance officer, or compliance manager, ensures a company functions in a legal and ethical manner while meeting its business goals. They are responsible for developing compliance programs, reviewing company policies, and advising management on possible risks.

What is a lead compliance analyst?

Lead Finance Compliance Analyst

Support internal training courses and escalate non-compliances to leadership. In this role, you will ensure compliance with finance regulations regarding government standards to include Federal…

What does a compliance analyst do in Goldman Sachs?

We monitor regulatory trends and changes in all jurisdictions in which the firm does business, and we share information and collaborate with regulators to manage financial market risk.

What are the five key functions of a compliance department?

A compliance department typically has five areas of responsibility—identification, prevention, monitoring and detection, resolution, and advisory. A compliance department identifies risks that an organization faces and advises on how to avoid or address them.

What does a compliance assurance analyst do?

Coordinating and conducting internal risk assessments and identifying, assessing and managing risks. Coordinating and conducting internal investigations into compliance issues. Ensuring company activities, products, policies and documentation are compliant with company, state and federal regulations.

Is compliance analyst a stressful job?

Compliance may well be more stressful than many other occupations. It may be more stressful than the average job. Compliance officers may experience mental health issues at higher rates, report higher instances of depression, anxiety or burnout and enjoy less professional fulfillment than others.

What is the best compliance qualification?

Of course the CFA (Chartered Financial Analyst) tops the popularity stakes along with the CPA (certified public accountant) and MA or MS in finance. However there are other options. The Chartered Institute for Securities and Investment (CISI) offers a diploma in Investment Compliance.

Does compliance work boring?

Working in compliance can be boring

In fact, working in compliance is not that exciting since you mainly have to deal with boring legal stuff and if you are not the type of person who is really keen on working on those topics, chances are that you will lose motivation pretty soon.

What skills are needed for compliance analyst?

Proficiency in compliance management software, like Paradigm 3 and Intellect Compliance. Exceptional ability to formulate compliance policies, procedures, and related documentation. Advanced analytical abilities. Effective research and professional networking skills.

How do I get into the compliance industry?

Steps to Become a Compliance Officer

  1. Step 1: Determine a Field. Compliance officers work in all types of industries. …
  2. Step 2: Earn a Bachelor’s Degree in Your Field of Choice. …
  3. Step 3: Gain Work Experience. …
  4. Step 4: Get Certifications and Continue Learning.

What is the difference between risk management and compliance?

The difference between compliance and risk management

Compliance, in association with established industry regulations, ensures organizations stay protected from unique risks. Whereas risk management helps protect organizations from risks that could lead to non-compliance – which is a risk in itself.

How do I get a job in AML with no experience?

A great route for people with little experience is by working with Anti-Money Laundering (AML), Know Your Customer (KYC) and due diligence controls, experts say. Banks often hire for these roles on a temporary basis, said Owen, giving prospective compliance employees an opportunity for exposure.

How do I start a career in risk and compliance?

How Do You Get a Job in Risk and Compliance?

  1. Attain an Accredited Bachelor’s Degree. The majority of risk and compliance jobs, including entry-level, require holding at least a four-year baccalaureate degree. …
  2. Gain Relevant Work Experience. …
  3. Consider Attending Graduate School. …
  4. Pursue Professional Certification.

What qualifies as compliance experience?

Compliance requires a working knowledge of about 7 or 8 professions such as, audit, education, risk, legal, investigations, ethics, policy development, etc. Exceptional compliance professionals have a lot of experience in all these areas.

Is AML compliance a good career?

According to the Bureau of Labor Statistics, the career outlook for financial analysts including anti-money laundering analysts is projected to grow 6% between now and 2028. This growth rate is on par with other occupational job outlooks.

How much do AML analysts make?

Salary Ranges for Senior AML BSA/AML Analysts

The salaries of Senior AML BSA/AML Analysts in the US range from $120,000 to $139,922 , with a median salary of $129,961 . The middle 50% of Senior AML BSA/AML Analysts makes $120,000, with the top 75% making $167,906.

How do I become an AML analyst?

Here are the steps to obtain an AML certification:

  1. Earn a degree. Typically, AML specialists have at least a bachelor’s degree in finance, economics, financial management or a similar discipline. …
  2. Earn AML or banking experience. …
  3. Prepare for your ACAMS exam. …
  4. Pass the ACAMS or equivalent exam. …
  5. Apply for AML positions.

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