Compliance and Controls Analyst Job Description [Updated for 2025]

In the world of business, the importance of Compliance and Controls Analysts is ever-increasing.

As the business landscape evolves, there’s a growing need for adept professionals who can uphold, implement, and enhance our compliance practices and control systems.

But let’s delve a little deeper: What’s truly expected from a Compliance and Controls Analyst?

Whether you are:

• A job seeker trying to understand the core of this role,
• A hiring manager outlining the perfect candidate,
• Or simply curious about the intricacies of compliance and control analysis,

You’ve come to the right place.

Today, we present a customizable Compliance and Controls Analyst job description template, designed for effortless posting on job boards or career sites.

Let’s dive right in.

Compliance and Controls Analyst Duties and Responsibilities

Compliance and Controls Analysts are primarily tasked with ensuring that a company’s operations and procedures follow all relevant laws, regulations, and internal policies.

They are vital to ensuring that the company functions within legal and ethical boundaries and can help to mitigate risk.

Their duties and responsibilities include:

• Conducting internal reviews and audits to ensure compliance with laws, regulations and corporate policies
• Identifying compliance issues that require follow-up or investigation
• Disseminating written policies and procedures related to compliance activities
• Serving as a confidential point of contact for employees to communicate with management about suspected ethical or legal violations
• Providing assistance to internal or external auditors in compliance reviews
• Creating and coordinating proper reporting channels for compliance issues
• Developing compliance training materials and conducting training sessions
• Preparing reports for senior management and external regulatory bodies as appropriate
• Evaluating potential risks and exposures across the organization and recommending solutions
• Staying abreast of regulatory changes and trends to ensure the company’s future compliance
• Maintaining documentation of compliance activities to support external audits

 

Compliance and Controls Analyst Job Description Template

Job Brief

We are seeking a detail-oriented Compliance and Controls Analyst to ensure our operations and business transactions follow all relevant legal and internal rules.

Your duties will include reviewing employee work, developing company policies, and responding to policy violations.

The ideal candidate should be well-versed in legal guidelines and corporate governance best practices.

You should also be a strategic thinker and an effective communicator who is comfortable working on both individual and team projects.

Ultimately, the role of the Compliance and Controls Analyst is to ensure that our business processes and transactions follow all relevant legal and internal guidelines.

 

Responsibilities

• Develop and implement company policies and regulations.
• Oversee all business operations relating to compliance including policies, investments, and procedures.
• Design and monitor control systems to deal with violations of legal rules and internal policies.
• Regularly assess the efficiency of control systems and recommend effective improvements.
• Review and evaluate company procedures and reports to identify hidden risks or non-conformity issues.
• Draft, modify and implement company policies.
• Collaborate with corporate counsels and HR departments to monitor enforcement of standards and regulations.
• Assess the business’s future ventures to identify possible compliance risks.
• Review the work of colleagues when necessary to identify compliance issues and provide advice or training.
• Keep abreast of regulatory developments within or outside of the company as well as evolving best practices in compliance control.

 

Qualifications

• Proven experience as a Compliance and Controls Analyst or Compliance Officer.
• Knowledge of legal requirements and controls (e.g. Anti-Money Laundering, or AML).
• 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.
• BSc/BA 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 Controls Analyst
• Work Environment: Office setting with options for remote work. Some travel may be required for team meetings or audits.
• Reporting Structure: Reports to the Compliance Manager or Head of Compliance.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $64,000 minimum to $96,000 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 Controls Analyst Do?

Compliance and Controls Analysts are crucial players in organizations across a variety of industries, including finance, healthcare, technology, and more.

They typically work within the compliance department of a company and are responsible for ensuring that the company’s business operations and procedures comply with legal regulations and internal policies.

Their primary role includes identifying and managing regulatory risk, conducting internal audits, and implementing control systems to prevent discrepancies.

They work closely with various business units and stakeholders to ensure they understand the importance of compliance.

Compliance and Controls Analysts also continuously monitor and review policies, practices, and documents to identify possible weaknesses or risk.

If they spot any non-compliance issues, they are tasked with investigating the cause and recommending corrective actions or improvements.

They often prepare and present reports that reflect audit results and document the process.

They are also responsible for staying up-to-date with industry regulations, trends, and laws, to ensure their organization remains compliant.

Their role may also involve training and educating staff about the latest laws and regulations that impact their operations and the importance of compliance to the organization’s reputation and success.

They also provide advice and guidance to management or board on compliance laws, rules, and standards.

 

Compliance and Controls Analyst Qualifications and Skills

A proficient Compliance and Controls Analyst should possess the qualifications and skills that align with the job requirements, such as:

• Knowledge of regulatory standards and compliance requirements relevant to the sector they are working in.
• Strong analytical skills to identify and assess risks, inefficiencies or violations in company procedures, as well as develop and implement necessary improvements.
• Attention to detail in order to ensure all processes and operations comply with regulations and standards.
• Excellent communication skills to clearly convey complex compliance-related issues and to work collaboratively with different teams within the organization.
• Problem-solving skills to address any compliance issues that may arise, and to develop appropriate solutions and preventative measures.
• Project management skills to oversee the implementation of new controls and processes and to ensure they are carried out in a timely manner.
• Technical skills to effectively utilize compliance management systems and other relevant software.
• Ability to stay up-to-date with the latest industry regulations and continuously enhance knowledge about legal requirements, procedures and practices.

 

Compliance and Controls Analyst Experience Requirements

Entry-level Compliance and Controls Analyst candidates typically have 1 to 2 years of experience, often gained through internships or part-time roles in compliance, audit, or risk management departments.

These individuals can also gain valuable experience in roles such as Compliance Assistant, Audit Assistant, or Risk Analyst.

Candidates with 2 to 3 years of experience are often expected to have a solid understanding of regulatory compliance procedures and controls analysis.

They may have gained this knowledge in roles such as Compliance Officer or Regulatory Analyst.

Those with 3 to 5 years of experience often have a wider breadth of knowledge in compliance and controls, and they are expected to be proficient in interpreting and applying regulations, developing and implementing control frameworks, and managing relationships with auditors and regulatory bodies.

Candidates with more than 5 years of experience are usually expected to have significant expertise in compliance and control analysis, including experience with complex compliance scenarios and management of high-risk areas.

These individuals may also have some leadership experience in their background and may be ready for a managerial or team-lead position in the compliance and controls environment.

 

Compliance and Controls Analyst Education and Training Requirements

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

They should have a strong understanding of compliance standards, rules, and regulations, as well as a solid foundation in financial analysis and business operations.

Many employers prefer candidates with a professional certification such as a Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or Certified Public Accountant (CPA).

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

This is particularly common for senior or specialized positions.

Compliance and Controls Analysts should also have excellent analytical, problem-solving, and communication skills.

They should be capable of interpreting complex legal documents and financial reports and explaining their implications to other professionals.

Continued education is crucial in this role due to the ever-changing nature of laws and regulations.

Professionals in this field often participate in regular training and professional development opportunities to stay current with changes in compliance and control standards.

 

Compliance and Controls Analyst Salary Expectations

A Compliance and Controls Analyst can expect an average salary of $68,962 (USD) per year.

However, the actual salary can vary significantly based on factors such as years of experience, specialization in the field, the size of the organization, and the geographical location.

 

Compliance and Controls Analyst Job Description FAQs

What skills does a Compliance and Controls Analyst need?

A Compliance and Controls Analyst should have excellent analytical skills to understand and interpret complex regulatory requirements.

They should have strong attention to detail to spot any irregularities or issues of non-compliance.

Good communication skills are also important, as they need to effectively convey information to stakeholders across all levels of the organization.

They should also be proficient in using various software applications and databases to monitor controls and track compliance.

 

Do Compliance and Controls Analysts need a degree?

Yes, most Compliance and Controls Analysts require a bachelor’s degree in a related field such as Business Administration, Finance, or Accounting.

Some organizations may prefer candidates with advanced degrees or certifications in compliance or risk management.

 

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

Aside from the necessary educational qualifications, look for experience in compliance, auditing, or risk management roles.

Knowledge of relevant industry regulations is a must.

In addition to this, proficiency in data analysis and reporting tools is also a valuable asset.

Certifications like Certified Internal Auditor (CIA) or Certified Regulatory Compliance Manager (CRCM) can also be beneficial.

 

What qualities make a good Compliance and Controls Analyst?

A good Compliance and Controls Analyst is detail-oriented, keeping a keen eye on regulations and ensuring that the organization is in line with them.

They should also possess strong ethical standards, as their role often involves dealing with confidential and sensitive information.

They should be proactive, able to anticipate potential compliance issues before they arise.

Moreover, they should be good team players, able to work with different departments within the organization to promote a culture of compliance.

 

Is it difficult to hire Compliance and Controls Analysts?

Finding a qualified Compliance and Controls Analyst can be a challenge, given the specialized knowledge and skill set required for the role.

It is crucial to have a well-defined job description and offer competitive compensation packages to attract skilled candidates.

It may be beneficial to work with a recruitment firm that specializes in placing candidates in compliance and risk management roles.

 

Conclusion

And there you have it.

Today, we’ve delved deep into the real-world implications of being a Compliance and Controls Analyst.

Guess what?

It’s not just about checking boxes and ensuring adherence to regulations.

It’s about safeguarding the organization’s integrity, one compliance policy at a time.

With our comprehensive Compliance and Controls Analyst job description template and practical examples, you’re fully equipped to stride forward.

But why stop here?

Explore more with our job description generator. It’s your stepping stone to crafting accurate job listings or honing your resume to perfection.

Remember:

Every compliance check is part of a larger organizational safeguard.

Let’s fortify the future. Together.

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