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Compliance coordinators make sure their companies' processes and employees adhere to rules established to meet ethical, legal and regulatory requirements. These coordinators are needed in all industries and across a range of disciplines, such as in finance and information technology security. The position of a compliance coordinator isn't always a job title, however. In many cases, employees already working in other company positions take on voluntary or appointed duties in their companies' compliance programs.
Compliance Policy Administration
The compliance coordinator controls revisions and releases of company policy documentation and makes sure current revisions are always available for employees to access and review. The coordinator updates documentation as needed to address changes to laws, regulations, or company rules and obtains proper executive review and authorization prior to release. Compliance coordinators must keep abreast of industry standards and outlooks related to corporate responsibility and compliance practices, as well as regulatory news that could affect the company's business activities regionally, nationally or internationally.
Communication and Training
This coordinator keeps employees informed and aware of their responsibilities and the company's obligations to maintaining ethical work practices and complying with all applicable laws and regulations. The coordinator issues communications to employees when new rules are established, revisions are made to existing policies and as periodic reminders of employee responsibilities to following compliant work practices. Responsibilities to employee awareness include training. The compliance coordinator trains new employees during orientation and the entire employee population as needed to address changes to company requirements and expectations. To support these activities, the coordinator must ensure training materials related to compliance policies are always up to date.
Evaluation and Reporting
The compliance coordinator controls records relating to reports of noncompliance and investigation requests and results. Evaluating those records and the compliance program's documented policies and procedures is another key aspect of the position. The coordinator plans and performs process and documentation audits to ensure written policies meet company needs and regulatory requirements and validate employee awareness of the company's rules and expectations. The coordinator provides regular reports to executive management detailing audit results, rule violations, the status of investigations, corrective or preventive actions underway and any recommendations for compliance program improvements.
Qualifications and Earnings
Compliance coordinators typically hold bachelor's degrees in fields directly related to their industries or areas of expertise, such as accounting, health care or information technology. Since many compliance coordinators hold this position in addition to, rather than in lieu of, other full-time positions with their employers, salary standards are not available. In the health care industry, however, compliance coordinators can gain an advantage by obtaining Certified in Healthcare Compliance certification. According to Fierce Health Finance, compliance coordinators with CHC certification can expect earnings between 7 and 23 percent higher than colleagues without certification.
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