What does a compliance analyst do?
A compliance analyst is in charge of ensuring that every operation and aspect in a company or facility adheres to the laws and regulations. They are also responsible for conducting regular inspections and assessments, producing reports and presentations, disseminating necessary information and reminders, researching existing policies and laws related to the industry, and remaining updated with new regulations. Furthermore, there are instances when a compliance analyst must gather requirements and process them to receive compliance certifications from agencies.
Compliance analyst responsibilities
Here are examples of responsibilities from real compliance analyst resumes:
- Manage FHA, FHLMC, FNMA, VA and GNMA files.
- Manage monthly allocation process & governance to non-Germany regions, balancing regions & projects.
- Serve as TeamRoom/SharePoint administrator, including managing the SharePoint migration project.
- Lead annual Medicare data validation exams; distribute regulations, hold informational meetings, perform quality assurance checks of data.
- Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
- Conduct Sarbanes-Oxley on big data audits, analyze statistical trends and control audits for fee governance efforts.
- Ensure proper execution of CDD and EDD are applied in cases which are warranted to mitigate AML/TF exposure.
- Provide teaching and education to company business lines on regulatory statutes, HIPAA, CPT codes and billing updates.
- Ensure BSA/AML processes are established to maintain compliance with CIP, KYC, CDD and EDD expectations and regulations.
- Field preparation and coordination activities associate with FDA (and/or other regulatory agencies) inspections.
- File CTRs within the stated reporting requirements.
- Supervise funds transfers, ACH, EFT and e-commerce.
- Review and approve test cases via the SpiraTest for ICD-10 readiness.
- Work closely with physician practices to help implement EMR documentation templates.
- Core business partner and subject matter expert in EEO and AA.
Compliance analyst skills and personality traits
We calculated that 6% of Compliance Analysts are proficient in PowerPoint, Customer Service, and Risk Assessments. They’re also known for soft skills such as Detail oriented, Math skills, and Organizational skills.
We break down the percentage of Compliance Analysts that have these skills listed on their resume here:
- PowerPoint, 6%
Developed, executed, and tested an interactive and comprehensive certification training program for in- house metrics and evaluation using PowerPoint.
- Customer Service, 5%
Interfaced with members, peers, management and others and provided excellent internal/external customer service in specialized area of regulatory responsibility.
- Risk Assessments, 5%
Performed initial and detailed reviews of audited financial statements identifying non-compliance results and characteristics impacting risk assessments and site visits.
- Regulatory Compliance, 4%
Conducted and maintained HIPAA regulatory compliance training and oversight as well as maintained minimum necessary documentation for all performance improvement projects.
- Compliance Issues, 4%
Developed reports and strategic action plans to identify compliance issues and performance trends reported by state examiners and recommended corrective action.
- Compliance Program, 4%
Administered compliance and monitoring activities pursuant to the Project Labor Agreement/Labor Compliance Programs and related Federal and State prevailing wage requirements.
Common skills that a compliance analyst uses to do their job include "powerpoint," "customer service," and "risk assessments." You can find details on the most important compliance analyst responsibilities below.
Detail oriented. To carry out their duties, the most important skill for a compliance analyst to have is detail oriented. Their role and responsibilities require that "accountants and auditors must pay attention to detail when compiling and examining documents." Compliance analysts often use detail oriented in their day-to-day job, as shown by this real resume: "prepared monthly reports for board of directors detailing bsa, aml, ofac and other security information. "
Math skills. Another essential skill to perform compliance analyst duties is math skills. Compliance analysts responsibilities require that "accountants and auditors must be able to analyze, compare, and interpret facts and figures." Compliance analysts also use math skills in their role according to a real resume snippet: "utilize audit information and performance statistics to drive focus or suggest process improvement initiatives that promote quality and reduce financial risk. "
Organizational skills. This is an important skill for compliance analysts to perform their duties. For an example of how compliance analyst responsibilities depend on this skill, consider that "strong organizational skills are important for accountants and auditors, who often work with a range of financial documents for a variety of clients." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a compliance analyst: "ensured compliance of all regulatory agencies as well as organizational policies and procedures by conducting enhanced due diligence investigations. ".
Communication skills. Another crucial skill for a compliance analyst to carry out their responsibilities is "communication skills." A big part of what compliance analysts relies on this skill, since "accountants and auditors must be able to listen to and discuss facts and concerns from clients, managers, and other stakeholders." How this skill relates to compliance analyst duties can be seen in an example from a compliance analyst resume snippet: "assist in the monitoring, reporting, database management and communication related to ofac operational and transactional licenses. "
The three companies that hire the most compliance analysts are:
- mPulse Mobile148 compliance analysts jobs
- Deloitte119 compliance analysts jobs
- USAA64 compliance analysts jobs
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Compare different compliance analysts
Compliance analyst vs. Sanitation inspector
A regulatory affairs specialist assists in securing and maintaining government approval for nutritional products, drugs, medical devices, and related supplies. They are often employed by medical, pharmaceutical, and biotechnology companies. They may also work in the government or law. Typically, they work on document preparation, file maintenance, information management, and coordination of tasks across various departments. They expanded their duties and responsibilities as a result of company acquisitions and restructuring, worldwide globalization of markets, and constantly evolving regulations.
There are some key differences in the responsibilities of each position. For example, compliance analyst responsibilities require skills like "powerpoint," "customer service," "risk assessments," and "regulatory compliance." Meanwhile a typical sanitation inspector has skills in areas such as "food safety," "usda," "food preparation," and "hazardous materials." This difference in skills reveals the differences in what each career does.
On average, sanitation inspectors reach lower levels of education than compliance analysts. Sanitation inspectors are 5.7% less likely to earn a Master's Degree and 4.6% less likely to graduate with a Doctoral Degree.Compliance analyst vs. Regulatory affairs specialist
Lead auditors are professionals who are responsible for providing leadership and coordinating work schedules to a team of audit experts within an organization. These lead auditors are required to prepare audit plans and conduct team meetings before conducting internal or external audits at the end of the quarter or year. They must conduct audits to provide reviews to the management about the effectiveness of the overall quality system. Lead auditors must also develop action plans to improve the financial reporting systems of the organization.
Each career also uses different skills, according to real compliance analyst resumes. While compliance analyst responsibilities can utilize skills like "powerpoint," "customer service," "risk assessments," and "compliance program," regulatory affairs specialists use skills like "regulatory affairs," "medical devices," "regulatory submissions," and "regulatory authorities."
Regulatory affairs specialists earn similar levels of education than compliance analysts in general. They're 2.9% more likely to graduate with a Master's Degree and 4.6% less likely to earn a Doctoral Degree.Compliance analyst vs. Lead auditor
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a compliance analyst is likely to be skilled in "powerpoint," "customer service," "compliance issues," and "compliance program," while a typical lead auditor is skilled in "iso," "audit reports," "oil gas," and "audit procedures."
Lead auditors make a very good living in the professional industry with an average annual salary of $87,426. On the other hand, compliance analysts are paid the highest salary in the technology industry, with average annual pay of $74,186.When it comes to education, lead auditors tend to earn similar degree levels compared to compliance analysts. In fact, they're 0.7% less likely to earn a Master's Degree, and 3.5% less likely to graduate with a Doctoral Degree.Compliance analyst vs. Environmental health inspector
Types of compliance analyst
Updated January 8, 2025
