Details Report for:
11-9199.02 - Compliance Managers
Plan, direct, or coordinate activities of an organization to ensure compliance with ethical or regulatory standards.
This title represents an occupation for which data collection is currently underway.
Tasks | Tools & Technology | Interests | Work Values | Wages & Employment
Tasks Save Table (XLS/CSV)
- Direct the development or implementation of compliance-related policies and procedures throughout an organization.
- Verify that all firm and regulatory policies and procedures have been documented, implemented, and communicated.
- Assess product, compliance, or operational risks and develop risk management strategies.
- Conduct or direct the internal investigation of compliance issues.
- Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.
- Design or implement improvements in communication, monitoring, or enforcement of compliance standards.
- Disseminate written policies and procedures related to compliance activities.
- File appropriate compliance reports with regulatory agencies.
- Identify compliance issues that require follow-up or investigation.
- Keep informed regarding pending industry changes, trends, and best practices and assess the potential impact of these changes on organizational processes.
- Monitor compliance systems to ensure their effectiveness.
- Oversee internal reporting systems such as corporate compliance hotlines and inform employees about these systems.
- Prepare management reports regarding compliance operations and progress.
- Provide assistance to internal or external auditors in compliance reviews.
- Provide employee training on compliance related topics, policies, or procedures.
- Report violations of compliance or regulatory standards to duly authorized enforcement agencies as appropriate or required.
- Review communications such as securities sales advertising to ensure there are no violations of standards or regulations.
- Advise internal management or business partners on the implementation or operation of compliance programs.
- Collaborate with human resources departments to ensure the implementation of consistent disciplinary action strategies in cases of compliance standard violations.
- Discuss emerging compliance issues with management or employees.
- Consult with corporate attorneys as necessary to address difficult legal compliance issues.
- Maintain documentation of compliance activities, such as complaints received or investigation outcomes.
- Serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities.
- Verify that software technology is in place to adequately provide oversight and monitoring in all required areas.
- Advise technical professionals on the development or use of environmental compliance or reporting tools.
- Conduct environmental audits to ensure adherence to environmental standards.
- Develop or implement environmental compliance plans for programs, such as air quality, storm water, wastewater treatment, hazardous waste management, pollution prevention, or solid waste management.
- Direct environmental programs, such as air or water compliance, aboveground or underground storage tanks, spill prevention or control, hazardous waste or materials management, solid waste recycling, medical waste management, indoor air quality, integrated pest management, employee training, or disaster preparedness.
- Evaluate testing procedures to meet the specifications of environmental monitoring programs.
- Review or modify policies or operating guidelines to comply with changes to environmental standards or regulations.
Tools & Technology Save Table (XLS/CSV)
Tools used in this occupation:
| Desktop computers |
| Facsimile machines — Fax machines |
| Laser printers — Computer laser printers |
| Notebook computers — Laptop computers |
| Personal computers |
| Photocopiers — Photocopying equipment |
| Special purpose telephones — Multi-line telephone systems |
Technology used in this occupation:
| Analytical or scientific software — Data analysis software; Horwath Software Magique |
| Charting software — Microsoft Office Visio |
| Compliance software — 80-20 Software Leaders4; Actimize Brokerage Compliance Solutions; The Garland Group RiskKey; Thomson Reuters Paisley Enterprise GRC (see all 48 examples) |
| Data base reporting software — SAP BEx Report Designer |
| Data base user interface and query software — Database management software; Microsoft Access |
| Desktop publishing software |
| Electronic mail software — Email software; IBM Lotus Notes; Microsoft Outlook |
| Internet browser software — Apple Safari; Microsoft Internet Explorer *; Mozilla Firefox *; Web browser software |
| Office suite software — Microsoft Office software |
| Operating system software — Microsoft Windows |
| Spreadsheet software — Microsoft Excel |
| Tax preparation software — Tax accounting software |
| Word processing software — Microsoft Word |
* Software developed by a government agency and/or distributed as freeware or shareware.
Interests Save Table (XLS/CSV)
 Occupational Interest |
Interest |
|
|---|---|---|
78   |
Conventional — Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow. | |
| 72 |
Enterprising — Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business. | |
| 45 |
Investigative — Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally. | |
| 45 |
Realistic — Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions. They often deal with plants, animals, and real-world materials like wood, tools, and machinery. Many of the occupations require working outside, and do not involve a lot of paperwork or working closely with others. | |
| 11 |
Social — Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others. | |
| 6 |
Artistic — Artistic occupations frequently involve working with forms, designs and patterns. They often require self-expression and the work can be done without following a clear set of rules. | |
Work Values Save Table (XLS/CSV)
Extent |
Work Value |
|
|---|---|---|
| 67 |
Achievement — Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement. | |
| 67 |
Support — Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical. | |
| 61 |
Independence — Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy. | |
| 61 |
Recognition — Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status. | |
| 61 |
Relationships — Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service. | |
| 58 |
Working Conditions — Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions. | |
Wages & Employment Trends
National
Median wages data collected from Managers, All Other.
Employment data collected from Managers, All Other.
Industry data collected from Managers, All Other.
| Median wages (2010) | $46.37 hourly, $96,450 annual |
| Employment (2008) | 898,000 employees |
| Projected growth (2008-2018) | 
Average (7% to 13%)
|
| Projected job openings (2008-2018) | 297,500 |
| Top industries (2008) | Self-Employed (57% employed in this sector)
Government (11%)
|
State & National
Source: Bureau of Labor Statistics 2010 wage data
and 2008-2018 employment projections
.
"Projected growth" represents the estimated change in total employment over the projections period (2008-2018). "Projected job openings" represent openings due to growth and replacement.