The Chief Compliance Officer plans and directs programs, policies, and practices to ensure that all business units’ activities are in compliance with regulatory requirements. Responsible for an organization’s compliance with financial policy and reporting regulations. Being a Chief Compliance Officer requires a bachelor’s degree in area of specialty. Tracks laws and regulations that might affect the organization’s policies and implements necessary changes. In addition, Chief Compliance Officer demonstrates expertise in a variety of the field’s concepts, practices, and procedures. Typically reports to top management. The Chief Compliance Officer manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Comprehensive knowledge of the overall departmental function. Working as a Chief Compliance Officer typically requires 8+ years of managerial experience.
Chief Compliance Officer Job Description Template
Our company is looking for a Chief Compliance Officer to join our team.
Responsibilities:
- Ensures compliance with Ocean’s code of conduct, ethics and conflict of interest policies;
- Oversees Ocean’s Responsible Gaming program,
- Responsible for operating in compliance with the requirements of N.J.A.C. 13:69C-8.8;
- Maintains an up-to-date working knowledge of Internal Controls, changing legislation and reporting requirements;
- Monitors policies, procedures, material transactions and proposed transactions for purposes of avoiding impropriety or the appearance thereof;
- Conducts periodic compliance training;
- Ensures compliance with all applicable Federal, State and local laws, statutes and regulatory requirements;
- Responsible for the review of the quarterly Compliance committee presentation;
- Enforces all Ocean license conditions;
- Supervises due diligence reviews and investigation of Company officers and team members, consultants, etc. as indicated in 13:69C-8.8(c)(4);
- Ensures all required reports are submitted to the Division of Gaming Enforcement in a timely manner;
- Reviews audit findings and ensuring appropriate remedial action is taken;
- Protects against unethical or unlawful behavior by team members;
- Oversees the annual external Title 31 audit;
- Prepares the Compliance departments budgets.
Requirements:
- Bachelor’s degree in accounting, business, finance or related field is preferred;
- Strong interpersonal and communication skills;
- Excellent leadership skills demonstrated by ownership of issues through their resolution while providing sound guidance to others;
- Minimum of seven years’ relevant experience as a senior compliance officer in a banking institution;
- Ability to work under deadlines;
- Strong attention to detail;
- Must be experienced in making presentations;
- Advanced degree (JD, MBA, MA/MS) highly preferred.