How to Become a Compliance Investigator
Step 1: Understand the job description and responsibilities of a Compliance Investigator
What does a Compliance Investigator do?
A Compliance Investigator conducts investigations of alleged violations of the corporation's ethical standards or non-compliance with applicable laws, regulations and corporate policy. Ensures that investigations follow the approved process, are lawfully and objectively conducted, are thorough in gathering all material facts and present an accurate accounting of the issues. Being a Compliance Investigator presents clear, concise, and factual reports that enable fair and relevant decisions to be made. Recommends proactive measures that will reduce the risk of similar future incidents. Additionally, Compliance Investigator typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. May require a Certified Fraud Examiner (CFE) certification. The Compliance Investigator contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Compliance Investigator typically requires 4 to 7 years of related experience.
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As a Compliance Investigator, your job is to sniff out fraud or contract violations.
Virtually any field can hire a Compliance Investigator if the need is great enough.
Based on our compensation data, the estimated salary potential for Compliance Investigator will increase 16 % over 5 years.
Step 2: Learn best tips to become a Compliance Investigator
Best tips for those who want to become a Compliance Investigator
Here are some tips to become a Compliance Investigator.
A statement that significant new findings developed during the course of the research, that may relate to the participant's willingness to continue, will be provided to the participant; and.
The approximate number of participants involved in the study (local, national or international expected enrollment numbers).
Obtain and review all pertinent data and documents.
Start the investigative process.
Begin the investigation The interview.
Step 3: View best colleges and universities for Compliance Investigator
Best colleges and universities for Compliance Investigator
- Butler University
- Carroll College
- Providence College
- Rollins College
- Taylor University
- Amherst College
Step 4: Think about whether is it worth to be a Compliance Investigator
Is being a Compliance Investigator Worth it?
The Compliance Testing Group has a global reach and is comprised of experienced individuals with varying backgrounds and qualifications (including former traders, brokers, auditors, accountants, regulators, prosecutors, compliance professionals, lawyers, and product controllers), located in New York, London, Hong Kong, Tokyo, Salt Lake City, Singapore, Bengaluru, and Warsaw.
The individual will work closely with Compliance and business management, and gain an excellent understanding of both the firms businesses and the rules and regulations under which the firm operates.
Leverage strong communication skills to interact with Compliance and business senior management.
Work with stakeholders to implement action plans to mitigate and address compliance risks.
Manage and ensure accuracy/consistency of compliance investigations, investigation categorizations and corrective actions taken in relation to late Individual Case Safety Reports (ICSRs), Late Aggregate Reports and/or any other compliance investigations performed by the Compliance Operations team and/or preliminary investigations performed by vendors.
Step 5: Prepare relevant skills for being a Compliance Investigator
What skills do you need to be a Compliance Investigator?
When looking into a role like this one, you need to take account of your skills and abilities. The ability to succeed in this role depends upon the possession of the following skills: Compliance Management, Fraud Management, Internal Controls, Regulatory Reporting, Sarbanes-Oxley Compliance, Compliance Audit, Compliance Documentation, Compliance Risk Assessment, Ethics Violation Reporting. Although not always necessary, a grasp of these skills can help: Governance, Risk & Compliance Software. During an interview, try to convey your knowledge of these skills.
A good investigator trains themselves to filter out opinions and work around black propaganda.
Know when to rely on others—there will inevitably be a time when the investigator must rely on the knowledge or skill sets of others.
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Understanding of various model and rule application tuning for domestic and global sanction screening of compliance alert investigations.
If you are an experienced EEO Investigator have performed EEO Investigations within the Federal sector.
Step 6: View average salary for Compliance Investigator
How much does a Compliance Investigator make?
The average salary range for a Compliance Investigator is from $78,573 to $118,518. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Compliance Investigator jobs
Step 7: Find relevant Compliance Investigator jobs, and apply.
Looking for Compliance Investigator jobs?
Here are some Compliance Investigator jobs in the United States.