Organizations have to comply with the rules of the country and state they operate in. Compliance coordinators ensure this by designing and implementing procedures for the organization. They may also train staff on the proper measures and dole out disciplinary actions when necessary.
Compliance coordinators often have to work with various teams in the organization to create effective systems for compliance. Together, they design, implement, and test compliance programs. The professionals may also revise current plans as the government rules or company needs change. Other responsibilities include compiling compliance data, answering questions about current procedures, and staying current on the industry standards.
To become a compliance coordinator, you need a bachelor's degree in business or a related field. You'll also need 3-5 years of experience in the industry you'll be working in. Some employers prefer individuals with prior experience in a supervisory role when filing this position. Required skills include leadership, detail-orientation, and organizational management.
There is more than meets the eye when it comes to being a compliance coordinator. For example, did you know that they make an average of $23.3 an hour? That's $48,468 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 90,700 job opportunities across the U.S.
There are certain skills that many compliance coordinators have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.
When it comes to the most important skills required to be a compliance coordinator, we found that a lot of resumes listed 17.8% of compliance coordinators included procedures, while 8.8% of resumes included regulatory agencies, and 7.5% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the compliance coordinator job title. But what industry to start with? Most compliance coordinators actually find jobs in the health care and finance industries.
If you're interested in becoming a compliance coordinator, one of the first things to consider is how much education you need. We've determined that 53.7% of compliance coordinators have a bachelor's degree. In terms of higher education levels, we found that 9.4% of compliance coordinators have master's degrees. Even though most compliance coordinators have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a compliance coordinator. When we researched the most common majors for a compliance coordinator, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on compliance coordinator resumes include master's degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a compliance coordinator. In fact, many compliance coordinator jobs require experience in a role such as administrative assistant. Meanwhile, many compliance coordinators also have previous career experience in roles such as customer service representative or internship.