Summary 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
- 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.
Tools & Technology
Tools used in this occupation:
| Desktop computers |
| Facsimile machines — Fax machines |
| Laser printers — Computer laser printers |
| Notebook computers — Laptop computers |
| Photocopiers — Photocopying equipment |
Technology used in this occupation:
| Compliance software — 80-20 Software Leaders4; Actimize Brokerage Compliance Solutions; The Garland Group RiskKey; Thomson Reuters Paisley Enterprise GRC |
| Electronic mail software — Email software; IBM Lotus Notes; Microsoft Outlook |
| Internet browser software — Apple Safari; Microsoft Internet Explorer *; Mozilla Firefox *; Web browser software |
| Spreadsheet software — Microsoft Excel |
| Word processing software — Microsoft Word |
* Software developed by a government agency and/or distributed as freeware or shareware.
Interests
Interest code: CER
| 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. |
| 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. |
| 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. |
Work Values
| 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. |
| 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. |
| Independence — Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy. |
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) |
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.