Compliance and Auditing Analyst Job Description [Updated for 2025]

In the increasingly regulated business environment, the role of Compliance and Auditing Analysts has become more critical than ever.

As businesses evolve, so does the demand for professionals who can navigate, ensure, and preserve the integrity of our business operations in line with regulatory guidelines.

But let’s delve into the details: What’s truly expected from a Compliance and Auditing Analyst?

Whether you are:

• A job seeker seeking to understand the core of this role,
• A hiring manager delineating the perfect candidate,
• Or simply interested in the intricacies of compliance and auditing,

You’re in the right place.

Today, we introduce a customizable Compliance and Auditing Analyst job description template, built for effortless posting on job boards or career sites.

Let’s dive right in.

Compliance and Auditing Analyst Duties and Responsibilities

Compliance and Auditing Analysts ensure that businesses comply with internal standards, regulations, and laws.

They also identify potential risks, and implement controls to mitigate those risks.

Their duties and responsibilities include:

• Reviewing and analyzing the organization’s compliance with applicable laws, regulations, and policies
• Conducting regular audits to ensure the organization is following set procedures and practices
• Identifying potential areas of compliance vulnerability and developing corrective action plans for resolution
• Providing guidance on compliance matters, and advising the organization on necessary changes to ensure compliance
• Documenting audit findings and preparing detailed reports to present to management
• Assisting in the development and implementation of compliance programs and policies
• Staying up-to-date with legislative and industry changes that may impact the organization’s compliance
• Providing compliance training to employees and stakeholders
• Participating in the evaluation of new business initiatives and strategies to assess their compliance implications
• Interacting with regulatory bodies during audits or investigations

 

Compliance and Auditing Analyst Job Description Template

Job Brief

We are seeking a detail-oriented Compliance and Auditing Analyst to ensure our company adheres to legal standards and in-house policies.

The Compliance and Auditing Analyst will be responsible for enforcing regulations in all aspects and levels of business as well as providing guidance on compliance matters.

Our ideal candidate is knowledgeable about legal guidelines and corporate governance best practices.

Ultimately, you will ensure that we operate in a legal and ethical manner while meeting our business objectives.

 

Responsibilities

• Develop and implement an effective legal compliance program
• Create sound internal controls and monitor adherence to them
• Draft and revise company policies
• Proactively audit processes, practices and documents to identify weaknesses
• Evaluate business activities (e.g. investments) to assess compliance risk
• Collaborate with external auditors and HR when needed
• Set plans to manage a crisis or compliance violation
• Educate employees on regulations and industry practices
• Address employee concerns or questions on legal compliance
• Keep abreast of internal standards and business goals

 

Qualifications

• Proven experience as a Compliance and Auditing Analyst or Compliance Officer
• Familiarity with industry practices and professional standards
• Excellent communication skills
• Integrity and professional ethics
• Teamwork skills
• Attention to detail
• Professional certification (e.g. Certified Compliance & Ethics Professional (CCEP)) is a plus
• BS degree in Law, Finance, Business Administration or related field

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Compliance and Auditing Analyst
• Work Environment: Office setting with occasional travel for audits and regulatory meetings. Remote work may be possible depending on company policy.
• Reporting Structure: Reports to the Compliance and Auditing Manager.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $55,000 minimum to $110,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Compliance and Auditing Analyst Do?

Compliance and Auditing Analysts work primarily in the financial sector, although they can also be found in various industries where regulatory compliance is essential.

Their main responsibility is to ensure that the organization is in full compliance with any laws, regulations, and internal policies.

They achieve this by thoroughly examining and analyzing the organization’s procedures and practices.

Analysts conduct regular audits to check for any inconsistencies or non-compliant behaviors.

They meticulously document their findings and prepare comprehensive reports outlining any issues and providing recommendations for improvement.

They also stay updated with any new laws or regulations and assess their potential impact on the organization.

They may be responsible for implementing new processes or procedures to accommodate these changes.

Compliance and Auditing Analysts often work closely with management and other departments to ensure everyone is informed and educated about compliance matters.

They also respond to any inquiries from employees regarding compliance issues.

In cases of non-compliance, they are involved in creating remedial plans and monitoring their execution to ensure that the organization rectifies the issue and prevents its recurrence.

Their role is critical in mitigating risks, maintaining the organization’s reputation, and avoiding potential legal penalties.

 

Compliance and Auditing Analyst Qualifications and Skills

A successful Compliance and Auditing Analyst will use a blend of technical skills, soft skills and regulatory knowledge to ensure the company’s compliance with laws and regulations, including:

• Strong analytical skills for identifying potential issues in data or documentation that could indicate a compliance problem.
• Exceptional attention to detail and organizational skills to manage and audit voluminous records accurately.
• Excellent communication skills to effectively report findings, recommendations, and updates to management, auditors, and regulatory bodies.
• Knowledge of applicable laws, regulations, and standards to help the organization maintain compliance and avoid fines and penalties.
• Strong problem-solving skills to devise solutions to compliance issues that arise during audits or regular operations.
• Interpersonal skills to work collaboratively with different departments within the organization to ensure compliance in every sector.
• Ability to work under pressure and meet tight deadlines, maintaining high standards of work.
• Proficiency in using compliance software and related technologies for conducting audits, tracking compliance, and documenting findings and resolutions.

 

Compliance and Auditing Analyst Experience Requirements

Entry-level candidates for Compliance and Auditing Analyst positions should ideally have 1 to 2 years of experience in a relevant field, such as finance, law, business administration or risk management.

This experience can be gained through internships, part-time roles or even relevant academic coursework.

Candidates with 2 to 3 years of experience usually have a solid understanding of compliance laws and regulations, as well as the ability to conduct audits effectively.

They may have gained this experience in roles such as Compliance Assistant, Junior Auditor, or similar positions.

Those with 3 to 5 years of experience often possess advanced analytical skills and have experience in developing and implementing compliance programs and strategies.

They may have worked in roles like Compliance Officer or Senior Auditor.

Candidates with over 5 years of experience in compliance and auditing are often considered experts in the field.

They may have a comprehensive understanding of complex regulatory frameworks and have extensive experience in conducting detailed audits.

These individuals are often ready for leadership roles, having potentially served as Compliance Managers or Head of Auditing in previous roles.

They may also have experience in training or managing a team of analysts.

 

Compliance and Auditing Analyst Education and Training Requirements

Compliance and Auditing Analysts typically require a bachelor’s degree in business administration, finance, accounting, or a related field.

They need a thorough understanding of business practices and principles, as well as in-depth knowledge of regulatory standards and compliance procedures.

Some roles may require a master’s degree in business administration or a related discipline.

The Certified Internal Auditor (CIA) designation, offered by the Institute of Internal Auditors, is also a common requirement or preference for many employers.

Experience with auditing software and familiarity with technologies such as Microsoft Excel, SQL, or data analysis tools can be beneficial in this role.

Continuing education is vital in this field to stay up-to-date with new regulations and auditing techniques.

Therefore, many professionals in this role pursue additional certifications and training programs, such as Certified Information Systems Auditor (CISA), Certified Fraud Examiner (CFE), or Certified Public Accountant (CPA).

Such advanced qualifications can demonstrate a candidate’s proficiency, dedication, and potential for leadership within the compliance and auditing field.

 

Compliance and Auditing Analyst Salary Expectations

A Compliance and Auditing Analyst can expect to earn an average salary of $67,937 (USD) per year.

However, the salary can vary depending on factors such as years of experience, the size and type of the company, and the location of the job.

 

Compliance and Auditing Analyst Job Description FAQs

What skills does a Compliance and Auditing Analyst need?

Compliance and Auditing Analysts need strong analytical skills to identify and assess compliance issues.

They should have a keen attention to detail to review and interpret regulations and policies accurately.

These professionals also require good communication skills to convey complex legal information to non-legal colleagues.

Finally, they should have organizational skills to maintain records of audits and compliance checks.

 

Do Compliance and Auditing Analysts need a degree?

Yes, most Compliance and Auditing Analyst roles require a minimum of a bachelor’s degree in fields such as finance, accounting, business, or related areas.

Many employers also prefer candidates with additional certifications like Certified Internal Auditor (CIA) or Certified Public Accountant (CPA).

 

What should you look for in a Compliance and Auditing Analyst resume?

A Compliance and Auditing Analyst’s resume should showcase their knowledge and experience in regulatory compliance and auditing.

Look for a degree in a relevant field, professional certifications, and a history of roles where they’ve dealt with internal audits, compliance checks, and regulatory reviews.

The candidate should also demonstrate their familiarity with the industry your company operates in.

 

What qualities make a good Compliance and Auditing Analyst?

A good Compliance and Auditing Analyst is detail-oriented and has a high degree of integrity, as they often handle sensitive information.

They are analytical, able to identify potential compliance issues and devise solutions.

They should have a deep understanding of regulatory requirements and the ability to translate these into operational practices.

Good communication skills are also essential, as they will often need to communicate complex regulations to different stakeholders.

 

Is it difficult to hire Compliance and Auditing Analysts?

Hiring Compliance and Auditing Analysts can be challenging because it requires finding candidates with a specific skill set, including detailed knowledge of regulatory requirements, strong analytical skills, and the ability to communicate effectively.

In addition, as regulatory environments become increasingly complex, demand for these professionals is high, making the hiring market competitive.

 

Conclusion

So there you have it.

Today, we’ve delved deep into the core of what it means to be a Compliance and Auditing Analyst.

And guess what?

It’s not just about analysing data.

It’s about weaving the tapestry of corporate integrity, one audit at a time.

With our comprehensive Compliance and Auditing Analyst job description template and real-world examples, you’re fully equipped to make your next move.

But why limit yourself?

Explore further with our job description generator. It’s your key to crafting meticulous job listings or polishing your resume to perfection.

Remember:

Every audit and compliance check is a thread in the fabric of a well-regulated company.

Let’s weave that fabric. Together.

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