How to Get a Job as a Compliance Officer
Experience in a prospective employer's line of work is a plus, Darcy says, as is knowledge of its organizational culture and how its employees work together. "Other past work experience could include internal audit, legal, human resources, internal controls and risk management," he says. "Prospective candidates should first learn how a job is defined and structured, including what issues it is responsible for. For example, a regulatory compliance officer must possess a different set of qualifications than an ethics and compliance officer."
Interview Questions Submitted by Real Compliance Officers
"How would you go about collecting past due accounts?" - California State Board of Equalization Tax Compliance Officer Candidate (Irvine, CA)
"Describe yourself in 10 words or less." - Deutsche Bank Compliance Officer Candidate (New York, NY)
"If you know your boss is 100% wrong about something how would you handle it?" - Merrill Lynch Compliance Officer Candidate (Location Unknown)
|Upward Mobility||good Above Average|
|Stress Level||poor High|
What is the Job Like?
Many of these jobs can be demanding and stressful, especially when the compliance officer is judging the performance or personal behavior of fellow employees.
"Sometimes ethics and compliance officers are not looked upon as being 'team players' within the organization because they may have to investigate their peers or superiors," Darcy explains. "Working hours can be above-average, and the job can be demanding but very fulfilling." Travel is common at larger employers, particularly multinational organizations. "Ethics and compliance officers are required to learn all aspects of how an organization runs and who does what within it," Darcy says. As for the limits of career advance, he notes, "a chief ethics and compliance officer recently was promoted to chief executive officer of a Fortune 500 company."
Last updated by Katy Marquardt.