Responsibilities of Compliance Analyst

Key Skills and Responsibilities of Compliance Analyst – Banking

Bank job position is aptly to people who  have earned financial or accounting degrees or for people who have a penchant for banking.  It requires knowledge and understanding of various compliance law relating to their position. Mostly people with CA or CFA’s  get easily qualified for a bank job.

Compliance Analyst – Banking:

A compliance analyst is a person who helps in the compliance monitoring of  a bank’s policies and procedures. Mainly they conduct pre-review,review and post review  processes and identify when internal controls, corrective measures and training for a specific or day to day process or transaction requires for its efficient compliance. The key skills required are a thorough knowledge of MS-Excel and MS-Word and a high level of analytical skills and ability  to understand complex  financial structures  with a high level of attention to detail.

The key responsibilities of  Compliance Analyst are

1) Perform less complex compliance reviews and  to attend compliance meetings as directed by the immediate superior.

2) Should be updated with the regulatory laws of  the country’s banking environment and capital markets.

3) Investigation of issues highlighted in the compliance meetings and provide effective solutions for the non-compliance issues.

4) Should also be willing to take other responsibilities of the administration such as preparing  reports for the banks compliance committee.

5) To assist in all facets of management and ongoing developments of compliance framework.