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Bank Compliance Jobs

How do you know if your bank is following the rules? Is there a way to make sure that accounts is properly managed and that your financial institutions are handling your funds in a safe and financially sound manner? There are many types of regulations that govern how banks and other financial agencies handle money, stocks, and other monetary transactions. But making sure that your bank is following all the rules can be a full time job, especially in today's high speed, global economy. That is where bank compliance officers come in.

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Date: 11-03-2008





Compliance Technician Job Profile

In the world of finance, where large amounts of money are moved around and invested or saved, the system has a pressing need to be regulated. This includes ensuring that a company is running at peak efficiently, with any sort of redundancy in resources or nonessential aspects of operations cut out. As well, the compliance technician will ensure that a business will work within the set of laws and regulations than can limit the business' operation. Compliance jobs, sometimes known as compliance auditors, compliance officers and compliance analysts, are highly important in the long term running of a large company.

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Date: 11-03-2008





Finding Good Compliance Careers

With the tainted food scares and contamination recalls recently highlighted in the news, compliance jobs are becoming a higher profile position in all areas, including in food processing and manufacturing. Careers in compliance may take many forms. In the food industry, compliance jobs are focused on quality control and compliance with the United States Department of Agriculture regulations.

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Date: 11-03-2008





The Evolution of Banking Compliance Officers
By Amit Agarwal

For many years compliance was relegated to the backwaters of the banking industry. In the old days banking compliance was seen as an unnecessary cost, and regulators as impediments. One old regulator joke went, ''I'm from Washington, and I'm here to help you.'' However, as banks began to understand the suffering of other banks that made major mistakes, they realized the importance of compliance. Cases like the Enron and WorldCom debacles made both the government and bank shareholders think deeply about the importance of compliance.

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Date: 09-01-2008





How to Face Compliance Job Interviews
By Brendon Buthello

Interviews are crucial times for every prospective compliance job candidate, and many are on tenterhooks when they have to undergo the process. Similarly, employers have the difficult task of recruiting the best candidate for the compliance job in their company. In times of recession, the problem of recruiting potential candidates increases due to the rising number of job cuts in the industry. This article puts forth some compliance job interview guidelines with the goal of helping to secure a worthwhile compliance career.

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Date: 07-28-2008





How Compliance Assistants Impact Business
By Hardeep Singh Arora

As the 20th century came to an end, the American economy had started shrinking, but some public companies took extreme liberties to preserve the delusion of high growth. The utility giant Enron was the first large corporation to be indicted and held accountable for its fraudulent practices and attempted cover-ups. As investors trust in the capital markets dwindled, who was to be held accountable — corporate management, auditing firms, or the credit rating agencies?

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Date: 04-28-2008




The Work of a Compliance Engineer
By Hardeep Singh Arora

Compliance engineering is a term that describes the set of engineering activities carried out to ensure that electronic components conform to government regulations concerning electromagnetic compatibility (EMC) or the standards associated with the emission of undesired radio frequency energy by devices and the level of susceptibility of a device to similar energy. The American National Standards Institute (ANSI) defines EMC as the capability of electrical and electronic systems, equipment, and devices to operate in their intended electromagnetic environment within a defined margin of safety and at design levels or performance without suffering or causing unacceptable degradation as a result of electromagnetic interference.

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Date: 04-14-2008




The Art of Termination: How to Mitigate the Risks of Employee Dismissals
By Heather Gatley

Terminating an employee is the last thing an employer wants to do. Nevertheless, investing the time to do it right is just as important a part of the employee lifecycle as recruiting, training, or development. In fact, the vast majority of employee related lawsuits occur when employees feel they have been wrongfully terminated. However, with the proper training, review, and disciplinary protocols in place, managers can mitigate litigation risks associated with the termination process.

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Date: 03-17-2008





Chief Compliance Officer: A Career Overview
By Akbar Ali

A career as a company's chief compliance officer (CCO) is centered around one central task: making sure that all of the company’s financial, logistical, and operational doings are meeting regulatory requirements and industry standards. This sounds much simpler than it often turns out to be as the chief compliance officer must manage all issues dealing with compliance and even those which are only very broadly related to the issues of compliance. The chief compliance officer usually reports directly to the company CEO.

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Date: 02-04-2008





Faxes: The Weak Point in the Compliance Armor
By Steve Adams

Ever since the first cavemen began throwing sticks and stones at each other, humans have sought to protect themselves from harm during battle. This desire, which first led to simple coverings made from whatever was hard and handy, ultimately led to the full body armor we associate with European knights.

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Date: 12-17-2007
Current rating: 1



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