What is compliance experience?

People with professional compliance experience typically have experience in taking on responsibility for ensuring their organization complies with government regulations and avoids missteps that could result in fines, legal ramifications, and reputation damage.

This experience also demonstrates a person knows how to ensure a company functions in a legal and ethical manner while meeting its business goals. They are responsible for developing compliance programs, reviewing company policies, and advising management on possible risks.

Compliance experience shows a person has a strong knowledge of all relevant governmental regulatory guidance and standards, as well as knowledge of current accounting and regulatory guidelines as they relate to financial reporting and documentation.

In addition, those with compliance experience possess knowledge of compliance standards and policies, audit techniques, regulatory issues, and operations and procedures that relate specifically to the company.

Expert communication and public speaking skills are also found in people with professional compliance experience, as they use these skills to facilitate a better organizational understanding of complex regulatory standards.