Job Role Description

Finance > Compliance Analyst

Salary National Average

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54050.0000 68680.0000 87060.0000

Change from Previous Year:

+5%

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Short Description:

A Compliance Analyst supports the Compliance Management System (CMS) program for credit cards to ensure compliance in various aspects of the business with federal, state, and local regulations and partner relationships.

Duties / Responsibilities:

  • As appropriate or required, report compliance or regulatory standards violations to duly authorized enforcement agencies.
  • Identify compliance issues that require follow-up or investigation.
  • Discuss emerging compliance issues to ensure management and employees are informed about compliance reporting systems, policies, and practices.
  • Provide employee training on compliance-related topics, policies, or procedures.
  • Review suspicious transactions and support the Questionable Activity Report (QAR) filing process with bank partners.
  • Assist in the implementation of new-compliance-related processes and subsequent business line integration.
  • Assist with training the Company’s employees on policies, procedures, and applicable laws and regulations.
  • Revise as necessary the Company’s policies and procedures for regulatory updates.
  • Assist with the review of marketing materials and other customer communications for compliance with applicable laws.
  • When forms are assigned, filed, and approved, update the product approval spreadsheet.
  • Review test material and data related to new product implementation.
  • Maintain submission and approval of documentation.
  • Assist in the preparation and submission of annual compliance filings.

Skills / Requirements / Qualifications

  • Evaluate Information to Determine Compliance with Standards: Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
  • Getting Information: Observing, receiving, and obtaining information from all relevant sources.
  • Working with Computers: Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Documenting/Recording Information: Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
  • Make Decisions and Solving Problems: Analyzing information and evaluating results to choose the best solution and solve problems.
  • Updating and Using Relevant Knowledge: Keeping up-to-date technically and applying new knowledge to your job.
  • Establishing and Maintaining Interpersonal Relationships: Developing constructive and cooperative working relationships with others and maintaining them over time.
  • Identifying Objects, Actions, and Events: Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
  • Communicating with People Outside the Organization: Communicating with people outside the organization, representing the organization to customers, the public, the government, and other external sources. This information can be exchanged in person, in writing, or by telephone or email.
  • Organizing, Planning, and Prioritizing Work: Develop specific goals and plans to prioritize, organize, and accomplish your work.

Job Zones

  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  • Related Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. 
  • Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, or vocational training.
  • Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, conservation scientists, art directors, and cost estimators.
  • Specific Vocational Preparation in years: 1-2 years of preparation (6.0 to < 7.0)

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