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Compliance Officers

Descriptions & Duties

  • Compliance Officers supervise the daily operations of the company to ensure that the business and its products comply with all relevant laws, regulations, codes and standards.

Generic Competencies

Physical Abilities

Physical abilities

  • Physical strength
  • Eye hand coordination / precision / dexterity

 

Importance:1 (Max:5) 

Skill is rarely required

 

Technology Skills

Technology skills

  • Computer literacy
  • Application of technology

 

Importance:3 (Max:5) 

Skill is basically required

 

Cognitive Abilities

Cognitive abilities

  • Creativity
  • Visualisation
  • Logical thinking

 

Importance:3 (Max:5) 

Skill is basically required

 

Comprehension And Expression

Comprehension and expression skills

  • Reading comprehension
  • Oral / written expression

 

Importance:4 (Max:5) 

Skill is frequently required

 

Social Skills

Social skills

  • Communication
  • Negotiation
  • Persuasion

 

Importance:4 (Max:5) 

Skill is frequently required

 

Organisation And Execution Skills

Organisation and execution skills

  • Planning
  • Organising
  • Judgement
  • Decision making

 

Importance:4 (Max:5) 

Skill is frequently required

 

Problem Solving Skills

Problem solving skills

  • Ability to solve simple and complex problems effectively and efficiently

 

Importance:4 (Max:5) 

Skill is frequently required

 

Management Skills

Management skills

  • Leadership
  • Management of finance / time / people / other resources

 

Importance:4 (Max:5) 

Skill is frequently required

 

Trade Specific Competencies

Business operation knowledge and skills

Compliance Officers must be able to apply relevant theoretical and practical knowhow to ensure that the business and its products comply with all relevant laws, regulations, codes and standards.

Business monitoring knowledge and skills

Compliance Officers must be able to compile and examine various business statements and reports to assure their accuracy, integrity and conformance to relevant laws, regulations, codes and standards.

Business analysis knowledge and skills

Compliance Officers must be able to assist in analysing various business ratios and indicators for evaluating the business status of an organisation to ensure that it operates efficiently and effectively.

General Requirements

Academic qualification

  • A bachelor's degree in Law, Accounting, Finance or other discipline related to their field of work

Experience

  • 2 to 3 years of relevant work experience

Other specific requirements

  • Professional qualifications related to their field of work (e.g. Certified Public Accountant (CPA))

Career Path & Salary

Private Sector

Monthly Salary $20,000-$40,000

Monthly Salary $30,000-$45,000

Monthly Salary $40,000-$65,000

Monthly Salary $60,000-$90,000

Related Education & Training

Work Environment

  • Compliance Officers usually working offices during regular business hours.

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