The profession of Compliance Officer
The Compliance Officer, also known as the KYC (Know Your Customer) Manager, is responsible for ensuring regulatory compliance within an organization.
They must understand and interpret applicable legislation, implement compliance programs, and ensure that the company’s operations adhere to legal, ethical, and internal standards. This role is crucial in preventing legal and financial risks and maintaining the company’s reputation.
Role and responsibilities of the Compliance Officer
The Compliance Officer is the expert and advisor on regulations and standards. They analyze laws and regulations to determine their implications for the company, develop compliance policies, assess risks, and ensure continuous employee training. They may also conduct internal investigations and represent the company in interactions with regulators.
Daily tasks
- Monitoring regulatory developments
- Conducting compliance audits
- Training teams on compliance issues
- Writing compliance reports
- Collaborating with legal and operational departments
Salaries and career progression
Salaries vary depending on experience, industry, and location, but they are generally attractive due to the importance of the role. Career progression can lead to senior positions in compliance, risk management, or legal advisory.
Required skills
- Legal and regulatory expertise
- Analytical and synthesizing skills
- Communication and teaching abilities
- Impeccable professional ethics
What studies are required to become a Compliance Officer ?
A background in law, finance, risk management, or audit is ideal. Professional certifications in compliance, such as the Certified Compliance & Ethics Professional (CCEP), can be particularly valuable.
Training to Become a Compliance Officer at Université Paris Dauphine-PSL
Université Paris Dauphine-PSL offers a curriculum that leads to a career as a Compliance Officer through its Master's in Law, with a second-year specialization: Law and Market Regulation, Track 291.