A compliance officer makes sure that the process of regulation of laws in an organization runs smoothly. His main job is to see that employees of a company, management and board of directors comply with the rules and regulations. The corporate compliance office acts as a medium through which compliance issues are delegated to respective authorities for investigation and solutions. The average salary of compliance officers is somewhere around $50,000. Duties The various job duties of a compliance officer are laid down in this bulleted list.

• Main duty of compliance officers is that of preventing unethical, illegal or improper conduct of employees in an organization.
• They have to interact with people from other departments and communicate to them the issues regarding compliance. It helps in the investigation and resolution of issues through existing channels. A compliance officer can think of availing legal advise of the Corporate attorney for dealing with issues that seem difficult to resolve.
• The Compliance officer may have to lead different roles such as Bank Secrecy Act/OFAC Officer, Privacy Officer, Community Reinvestment Act Officer, and Bank Security and Safety Officer.
• The updation of standards of conduct and development of periodical reviews is carried out by compliance officers in order to ensure continuing currency.
• The compliance officer initiates investigative procedures in case, there is a violation of procedures, policies, rules or regulations.
• If any kind of risk or vulnerability in the compliance program is observed by the officer, he chalks out plans for taking corrective action. He also guides the members of compliance committee on how to avoid risks in future.
• The compliance activities of all departments of a company are monitored by the compliance officer. This is done in order to identify different trends.
• The compliance officer provides reviews and carries out evaluation of compliance activities in the company. This is done in order to ensure that all activities are running smoothly.
• The reporting of violations of rules and laws is done to authorized enforcement agencies by compliance officers. This also includes potential violations, those which may take place in the future.

Chief Compliance Officer The Chief Compliance Officer works as a subordinate to the CEO of a company and Board of Trustees' Corporate Compliance Committee. He monitors the compliance efforts of a company and presents reports based on studies being conducted. The Chief Compliance Officer guides and provides suggestions on compliance-related matters to the senior management team and Board. The Corporate Compliance Committee and Chief Compliance Officer are given the powers to take desired actions in order to carry out the compliance program effectively. Bank Compliance Officer A bank Compliance Officer has to check whether the compliance management program is being conducted smoothly. The operational and daily lending activities in a bank are planned, organized and controlled by a bank compliance officer. Bank compliance officers may have to lead various committees and work closely with the management. Providing advice related to complex compliance factors to the senior management and submitting reports is also one of the jobs of bank compliance officers. These officers may also have to conduct training sessions for new recruits. A short account of compliance officer job description is provided in the article above. There is much more into the work/job profile of a compliance officer. However, you would find that most of the important points are covered.