What does a compliance vice president do?
Compliance Vice Presidents are executives who lead the compliance department of the company. They set goals and provide strategic direction to the department, oversee all the company's initiatives related to compliance, and ensure that all policies and guidelines are updated to reflect industry standards and the rules set by governing bodies. Compliance Vice Presidents set compliance guidelines for the company. Furthermore, they ensure that the company is compliant with government standards to avoid losing their license to operate.
Compliance vice president responsibilities
Here are examples of responsibilities from real compliance vice president resumes:
- Lead the SOX compliance effort with assistance from one direct report.
- Lead HIPAA investigation and response team as part of theft of laptop containing multiple clients' sensitive information.
- Manage outside counsel regarding litigation, employment disputes, product liability, and prosecution and protection of intellectual property.
- Manage successful litigation, arbitration and mediation proceedings, including commercial disputes, product liability, employment and intellectual property.
- Develop and deliver ethics and compliance training.
- Ensure coordination of CMS to file management systems.
- Train, direct and support HIPAA steering teams at each facility to prepare gap analyses.
- Review all new accounts against the OFAC country list and SDN individual list for any AML exceptions.
- Conduct independent compliance testing of BSA, OFAC and AML to evaluate performance and ensure ongoing compliance.
- Establish and administer an annual BSA compliance review plan to ensure that all other aspects of BSA/AML/OFAC are in compliance.
- Develop and distribute ethics and compliance communications.
- Interpret and apply Medicare regulations and company policies and procedures.
- Examine operational risk, securities and check processing controls and branch physical security.
- Develop and implement a project management plan for outside business activities and private securities transactions.
- Leverage policy and practices successful in U.S. CMS while implementing controls to recognize local regulatory requirements and mitigate risk.
Compliance vice president skills and personality traits
We calculated that 10% of Compliance Vice Presidents are proficient in CMS, Compliance Program, and Internal Audit.
We break down the percentage of Compliance Vice Presidents that have these skills listed on their resume here:
- CMS, 10%
Managed the Compliance Management Systems (CMS) project for the Affluent High Segment (AHS) business.
- Compliance Program, 8%
Led change that transformed compliance program to strategic partner, to support organization's patient-focused mission by combining innovation and integrity.
- Internal Audit, 8%
Assisted in the preparation and delivery of required Compliance Regulatory Examiners and Internal Auditors AML/BSA documentation for Regulatory exam requests.
- Strategic Thinking, 8%
Demonstrated a high level of conceptual or strategic thinking in leadership of organizational and/or departmental budgets and goals.
- Corrective Action, 7%
Conducted independent, internal compliance investigations; promptly responded to reports of problems or suspected violations and proactively performed corrective actions.
- Compliance Issues, 7%
Acted independently to ensure that compliance issues/concerns within the organization were being properly evaluated, investigated and resolved.
"cms," "compliance program," and "internal audit" are among the most common skills that compliance vice presidents use at work. You can find even more compliance vice president responsibilities below, including:
The three companies that hire the most compliance vice presidents are:
- Citi69 compliance vice presidents jobs
- JPMorgan Chase & Co.26 compliance vice presidents jobs
- Goldman Sachs15 compliance vice presidents jobs
Choose from 10+ customizable compliance vice president resume templates
Build a professional compliance vice president resume in minutes. Our AI resume writing assistant will guide you through every step of the process, and you can choose from 10+ resume templates to create your compliance vice president resume.
Compare different compliance vice presidents
Compliance vice president vs. Regulatory affairs manager
A regulatory affairs manager is in charge of ensuring that all aspects of a company adhere to the rules and regulations set by regulatory agencies. Their responsibilities revolve around devising regulation compliance strategies, creating training and orientation programs to inform the staff on the policies and standards, conducting internal inspections and information drives, and keeping abreast with the latest rules and regulations. Moreover, a regulatory affairs manager is in charge of processing and submitting necessary documents to government agencies, ensuring compliance and timeliness.
While similarities exist, there are also some differences between compliance vice presidents and regulatory affairs manager. For instance, compliance vice president responsibilities require skills such as "cms," "compliance program," "strategic thinking," and "compliance issues." Whereas a regulatory affairs manager is skilled in "regulatory affairs," "medical devices," "regulatory submissions," and "global regulatory." This is part of what separates the two careers.
The education levels that regulatory affairs managers earn slightly differ from compliance vice presidents. In particular, regulatory affairs managers are 5.7% more likely to graduate with a Master's Degree than a compliance vice president. Additionally, they're 3.7% less likely to earn a Doctoral Degree.Compliance vice president vs. Manager, quality management, corporate compliance
Depending on the industry, there are a lot of functions you need to comply with if you want to become a manager of quality management and corporate compliance. Commonly seen in banks, manufacturing, processing, automotive, and textile companies, this job position is responsible for monitoring, implementing, and oversees the quality of a product. Also, they may be responsible for organizing workflows, writing reports, and supervising the overall tasks of every employee.
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that compliance vice president responsibilities requires skills like "internal audit," "strategic thinking," "corrective action," and "compliance policies." But a manager, quality management, corporate compliance might use other skills in their typical duties, such as, "continuous improvement," "capa," "quality compliance," and "quality system."
Average education levels between the two professions vary. Managers, quality management, corporate compliance tend to reach higher levels of education than compliance vice presidents. In fact, they're 11.5% more likely to graduate with a Master's Degree and 3.7% less likely to earn a Doctoral Degree.Compliance vice president vs. Bsa officer
A company's head of ethics and compliance is in charge of implementing policies and regulations to ensure a safe and efficient work environment. They typically manage staff, set department goals and timelines, establish guidelines and protocols, and develop strategies to optimize operations. As the head of ethics and compliance, it is their responsibility to spearhead inspections to ensure company procedures comply with the government standards and regulations, investigate violations and workplace incidents, and implement solutions to resolve issues and concerns.
The required skills of the two careers differ considerably. For example, compliance vice presidents are more likely to have skills like "cms," "strategic thinking," "corrective action," and "compliance policies." But a bsa officer is more likely to have skills like "bsa," "aml," "ctrs," and "cip."
When it comes to education, bsa officers tend to earn similar degree levels compared to compliance vice presidents. In fact, they're 2.3% less likely to earn a Master's Degree, and 10.1% less likely to graduate with a Doctoral Degree.Compliance vice president vs. Head of ethics and compliance
Types of compliance vice president
Updated January 8, 2025
