Compliance managers work on a company's legal, management, and compliance issues. They make sure that their company is up to date with all the regulatory requirements. Their tasks include conducting audits, identifying issues, filing reports, consulting with attorneys, assisting employees, analyzing sales, investigating customer complaints, guiding and teaching fellow employees, overseeing compliance systems, and verifying policies. Compliance managers typically need to be strong leaders, as well as strong communicators. This job is communication-heavy and requires frequent verbal and written communication with others. It is also helpful to be persuasive and an excellent problem solver; compliance managers generally have to analyze data and explain results to - and potentially persuade - higher management or attorneys.Compliance managers generally work alongside human resources, higher management, attorneys outside the company, and employees within the office. Most positions for compliance managers are full-time, day-shift jobs with long hours. Extended hours are usually required, and long distance and or or overnight travel may be possible. A bachelor's degree in accounting, business, finance, or a related field is needed, as well as five to seven years of related experience. Depending on the company's field, other certifications may be required.

The role of Compliance Manager in Australia shows promising growth in the market. Over the past 10 years, there has been a significant increase in demand for professionals in this field. According to recent data from Google, the projected growth of this position in the next decade is expected to be quite substantial. With stricter regulations and emphasis on corporate governance, more organizations are recognizing the importance of compliance management. This increased focus is likely to create numerous employment opportunities for Compliance Managers in the future. In conclusion, the prospects of growth in this job role in Australia appear highly favorable.

How to Learn

As a Compliance Manager with 6-9 years of experience in Australia, your main responsibilities include:<ul><li> Develop and implement compliance policies, procedures, and controls to ensure adherence to regulatory requirements and industry standards.</li><li> Conduct regular compliance audits and risk assessments to identify areas of non-compliance and develop remediation plans.</li><li> Provide guidance and training to employees on compliance matters, including anti-money laundering, data protection, and ethical conduct.</li><li> Stay up-to-date with regulatory changes and assess their impact on the organization, making recommendations for necessary adjustments to compliance programs.</li></ul>

Roles & Responsibilities

Average take home Salary for a Compliance Manager in Australia is around $66266 per year

Salary Breakup

Compliance managers are responsible for the legal, management and compliance concerns. They ensure that their company is in compliance with the latest regulations. Their responsibilities include performing audits and identifying problems and filing reports, collaborating with lawyers, supporting employees in analyzing sales, looking into customer complaints, leading and instructing employees, directing compliance procedures, and ensuring the policies. Compliance managers must be effective leaders and also excellent communicators. The job requires a lot of communication and requires a lot of writing and verbal communication with colleagues. It is also important in being persuasive as well as a great problem-solver; compliance managers typically have to look over the results of their analysis and present them to - and possibly convince lawyers or higher-ups.

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Compliance Manager

Salary Breakup

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