National

Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.

Sample of reported job titles: Compliance Officer, Compliance Vice President, Compliance Director, Community Reinvestment Act Officer (CRA Officer), Compliance Specialist, Compliance Manager, Internal Auditor, Compliance Analyst, Finance Director, Bank Secrecy Act-Anti-Money Laundering Officer (BSA/AML Officer)

Tasks

• Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
• Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.
• Plan, supervise, and review work of assigned subordinates.
• Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
• Examine the minutes of meetings of directors, stockholders and committees to investigate the specific authority extended at various levels of management.
• Prepare reports, exhibits and other supporting schedules that detail an institution's safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions.
• Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
• Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
• Train other examiners in the financial examination process.
• Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.

back to top

Tools & Technology

Tools used in this occupation:

Technology used in this occupation:

* Software developed by a government agency and/or distributed as freeware or shareware.

11-1011.00	Chief Executives
11-3031.01	Treasurers and Controllers
11-3031.02	Financial Managers, Branch or Department
11-9032.00	Education Administrators, Elementary and Secondary School
13-1021.00	Purchasing Agents and Buyers, Farm Products
13-2011.01	Accountants
13-2031.00	Budget Analysts
19-3011.00	Economists
25-9021.00	Farm and Home Management Advisors