While it's probably safe to say that you should be in compliance with the standards of the business you work for, as a compliance officer it's actually your job to report any violations of that compliance. So in a way, you kind of get to be a snitch.
Now you do have to handle this job in a professional way. So expect to have difficult conversations on the regular. That means explaining to a person why they're out of line and how to fix it. You may even need to conduct investigations to find out if there are any compliance issues with licenses or permits. Most importantly, you only need a bachelor's degree, so hop to it!