Compliance officer tasks include:

• Assess operational risks
• Provide financial crime compliance advice
• Creating and implementing AML frameworks, procedures and policies
• Acting as a first point of contact for compliance concerns
• Screening payments
• Training staff on compliance procedures
• Being a champion of compliance culture
• Developing strategies for risk management
• Reviewing and auditing the organisation’s adherence to compliance procedures
• Remaining up to date on current regulatory and compliance changes
• Reporting compliance issues and recommending changes

Compliance officer qualifications, skills and experience

A compliance officer should be educated to degree level and will ideally have industry-specific qualifications. This role is the moral compass and guiding hand of the company, so certain soft skills are necessary to fulfil daily compliance officer duties:

• Strong ethics
• Good critical thinking skills
• Attention to detail
• Collaboration
• Independence and autonomy
• Good relationship-building skill

To fulfil the compliance officer job description to the fullest, professionals should have some or all of the following qualifications, experience and skills:

• FSRA/DFSA-authorised
• Regulatory compliance expertise
• ACAMS qualified
• Risk management expertise
• Experience with AML policies
• Experience designing frameworks for financial crime