Compliance Intern Job Description [Updated for 2025]

In the modern business world, the role of Compliance Interns is more critical than ever.

As businesses operate in increasingly complex and regulated environments, the need for knowledgeable individuals who can ensure compliance with laws, regulations, and internal policies has become essential.

But let’s delve deeper: What does a Compliance Intern truly do?

Whether you are:

• A job seeker eager to understand the core responsibilities of this position,
• A hiring manager seeking to outline the perfect candidate,
• Or simply fascinated by the intricacies of compliance,

You’ve come to the right place.

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

Let’s dive right in.

Compliance Intern Duties and Responsibilities

Compliance Interns assist the compliance team in ensuring that the company adheres to legal standards and in-house policies.

They are expected to maintain a strong understanding of regulatory requirements and ethical practices.

The following are the key duties and responsibilities of a Compliance Intern:

• Assist in developing, implementing, and enforcing company’s compliance standards and policies
• Conduct research on regulatory updates and revisions to ensure compliance with updated laws and regulations
• Assist in conducting risk assessments to understand risk level, significance and scope
• Prepare and present compliance reports to the management
• Coordinate with different departments to collect and analyze compliance data
• Participate in the creation and implementation of corrective action plans
• Assist in conducting compliance audits and reviews
• Help in maintaining documentation of compliance activities
• Assist in employee training on compliance related topics, policies, or procedures

 

Compliance Intern Job Description Template

Job Brief

We are seeking a diligent Compliance Intern to assist our compliance team in ensuring our company adheres to legal standards and in-house policies.

The Compliance Intern will be responsible for conducting risk assessments, creating and maintaining regulatory reports, and assisting in the creation and implementation of compliance programs.

Our ideal candidate is a law or business student with a strong interest in corporate governance, regulatory compliance, and risk management.

Ultimately, the role of the Compliance Intern is to gain practical experience while helping our compliance team ensure that our operations and business transactions follow all relevant legal and internal rules.

 

Responsibilities

• Assist in the development and implementation of compliance programs
• Conduct audits under the guidance of the compliance team
• Help prepare and maintain regulatory reports
• Perform administrative tasks as needed
• Assist in risk assessments and compliance tests
• Research and understand regulations and its impact on the company
• Help in the development of corporate policies and procedures

 

Qualifications

• Current enrollment in a law or business undergraduate program
• Interest in corporate governance, regulatory compliance, and risk management
• Good research and analytical skills
• Excellent written and verbal communication skills
• Proficient in Microsoft Office Suite
• Ability to work independently and as part of a team
• Attention to detail and good organizational skills

 

Benefits

• Hands-on experience in the field of compliance
• Mentorship and learning opportunities
• Possible job offer after graduation
• Flexible work schedule

 

Additional Information

• Job Title: Compliance Intern
• Work Environment: Office setting with possible options for remote work
• Reporting Structure: Reports to the Compliance Manager or Compliance Officer.
• Stipend: Competitive stipend based on candidate’s qualifications and local market rates.
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Internship
• 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 interest in the position to [email address or application portal].

 

What Does a Compliance Intern Do?

Compliance Interns are usually students or recent graduates who work temporarily in an organization to gain hands-on experience in the field of regulatory compliance.

They assist the compliance team in ensuring that the organization’s policies, procedures, and operations adhere to the rules and regulations set forth by relevant local, state, national, or international entities.

Part of their role involves conducting research on regulations and standards that apply to the company’s industry, and helping to develop and implement strategies to ensure compliance.

Compliance Interns may also be tasked with analyzing the company’s current compliance practices, identifying potential areas of non-compliance, and suggesting improvements.

They often assist in preparing compliance reports, maintaining compliance documentation, and facilitating training sessions on regulatory issues and the company’s compliance policies.

Their job also entails staying updated on any changes in relevant legislation, informing the compliance team about such changes, and assisting in adapting the company’s practices accordingly.

In the event of audits or inspections, Compliance Interns may support the team in preparing necessary documentation and ensuring the organization meets the required standards.

Through their internship, they learn to navigate the complex landscape of industry-specific regulations and the vital role that compliance plays in sustaining an organization’s reputation and operations.

 

Compliance Intern Qualifications and Skills

A Compliance Intern is an entry-level position that requires a unique blend of skills and qualifications to provide support to a compliance team, including:

• Basic understanding of regulatory compliance and the ability to quickly learn and comprehend new compliance concepts.
• Strong research skills to aid in the analysis and interpretation of regulatory requirements and updates.
• Excellent written and verbal communication skills for drafting reports, communicating with team members, and presenting findings.
• Proficiency in Microsoft Office Suite, particularly Excel, to organize, analyze and present data effectively.
• Strong attention to detail in order to identify potential compliance issues or discrepancies in data.
• Good time-management skills and the ability to multitask, ensuring all tasks are completed in a timely manner.
• Excellent problem-solving skills to identify potential compliance issues and find the appropriate solution.
• Ability to work effectively in a team, contributing to a collaborative environment.
• Currently studying or a recent graduate in Law, Finance, Business Administration or a related field would be advantageous.

 

Compliance Intern Experience Requirements

Compliance Intern candidates are often in the process of completing or have just completed a degree in Business, Law, Finance, or related fields.

This role does not generally require substantial prior work experience, as it is an internship position meant to provide a learning and development opportunity for the intern.

However, some experience or knowledge in regulatory affairs or corporate law can be beneficial.

This can be obtained through previous internships, part-time roles, or academic projects.

Interns may also gain valuable experience through involvement in relevant university societies or clubs.

Candidates should ideally have a basic understanding of compliance and risk management principles, often taught in relevant academic courses.

They may also have familiarity with the industry the company operates in, whether that be healthcare, finance, technology, or another sector.

Compliance Interns are expected to have strong analytical, problem-solving, and communication skills.

These can be developed and demonstrated through academic group projects, presentations, and other practical university tasks.

In addition, any experience with data analysis tools or software can be advantageous for the role.

This could be gained through university coursework, self-study, or other internships.

This role is a stepping stone to more advanced positions in compliance, risk management, or regulatory affairs, and as such, the experience gained as a Compliance Intern can be highly valuable for a future career in these fields.

 

Compliance Intern Education and Training Requirements

Compliance Interns are typically in the process of obtaining a bachelor’s degree in finance, economics, business, or a related field.

The role involves understanding the legal and regulatory aspects of a business, hence coursework in business law, corporate governance, or ethics can be beneficial.

Some internships may require the student to be in their junior or senior year of college, showcasing progress in their chosen field.

Understanding of basic financial principles and excellent research and analytical skills are also important prerequisites for this role.

Compliance Interns should be proficient in Microsoft Office applications, particularly in Excel for data analysis, and they should also be comfortable with learning new software systems used for compliance purposes.

Although not mandatory, relevant certifications such as Anti-Money Laundering (AML) or Certified Regulatory Compliance Manager (CRCM) can enhance the intern’s understanding of the field and demonstrate dedication to the profession.

Interns should have excellent communication skills, as they will often be involved in preparing and presenting reports.

They may also be required to participate in training and workshops related to compliance regulations and procedures.

This role is typically an entry-level position, and the training is primarily on-the-job.

However, a strong educational foundation and a willingness to learn are key factors for success in this role.

 

Compliance Intern Salary Expectations

A Compliance Intern can expect to earn an average salary of $15.75 (USD) per hour.

However, the actual earnings can vary based on factors such as the length and type of internship, the industry, the size and prestige of the company, and the geographical location.

 

Compliance Intern Job Description FAQs

What skills does a Compliance Intern need?

Compliance Interns need to have good analytical and problem-solving skills as they will be involved in reviewing the company’s procedures and ensuring they comply with regulatory standards.

They should have excellent communication and interpersonal skills for liaising with different departments within the company.

Knowledge of legal and ethical standards is also beneficial.

Computer proficiency, especially in data analysis and report preparation, is also essential.

 

Do Compliance Interns need a degree?

Most Compliance Intern positions prefer candidates who are currently pursuing or have completed a degree in Law, Business Administration, Finance, or a related field.

Since it’s an intern position, students with an interest in learning about corporate compliance are also considered.

 

What should you look for in a Compliance Intern resume?

A Compliance Intern’s resume should display a strong understanding or interest in law, ethics, and corporate governance.

Look for any relevant coursework or projects related to these areas.

Proficiency in computer skills, particularly in data analysis tools, can be a plus.

Any previous internships or work experience in a related field can also be advantageous.

 

What qualities make a good Compliance Intern?

A good Compliance Intern is detail-oriented and has a keen interest in corporate law and ethics.

They should be reliable, professional and able to maintain confidentiality.

Good organizational and time management skills are also essential.

They should be self-motivated and capable of working independently, but also function well as part of a team.

 

How important is the role of a Compliance Intern?

The role of a Compliance Intern is crucial as they assist in ensuring that the company is adhering to all regulatory standards and laws.

Their work helps to minimize risk, prevent potential legal issues and maintain the company’s reputation.

They provide valuable support to the Compliance department, often assisting with critical tasks such as conducting audits, analyzing data, and preparing reports.

 

Conclusion

And there we have it.

Today, we’ve illuminated the intricate workings of the compliance intern role.

Surprise, surprise!

It’s not just about following rules and regulations.

It’s about shaping the ethical backbone of an organization, one compliance task at a time.

Armed with our comprehensive compliance intern job description template and practical examples, you’re primed to take action.

But why not take it one step further?

Delve deeper with our job description generator. It’s your ultimate tool for fine-tuning razor-sharp job listings or tailoring your resume to absolute excellence.

Remember:

Every compliance task contributes to a bigger purpose.

Let’s forge that path. Together.

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