Original Source: https://www.fuzia.com/article_detail/581535/understanding-the-job-of-a-compliance-executive-in-a-comp
Compliance executives are responsible for monitoring, auditing, and enforcing compliance with labor laws, health and safety regulations, ethical standards, and company policies. They must maintain up-to-date knowledge of the various compliance rules and be aware of any changes that might affect their work. Additionally, the job role of a compliance executive involves monitoring every process using their special compliance management system. Here take a look at these points to understand the job role of a compliance executive in a company:
ü Enforcement of Company Rules & Regulations
The Compliance Executive of a company is responsible for enforcing any violation of rules, regulations, and codes in the company. This entails following up on workplace hazards or checking whether employees or subcontractors have breached their duties to the company. For example, they will visit a subcontractor's workplace to ensure that the employee is meeting the terms and conditions. It’s their duty to ensure that their company keeps working on the right side of the law.
ü Host Compliance Training Programs
Compliance training is another important aspect of the job role of a compliance executive in a company. These executives have to conduct these training programs in order to educate, motivate and train their subordinates about the company policies. Such training programs will be conducted for new as well as existing employees. For example, if an existing employee does any misconduct, then a compliance executive will conduct a retraining program for the employee.
ü Management Reporting
Another responsibility of a compliance executive is to report on the progress of work and ensure that it meets standards set by management. This can help management to track each project and give clear guidance on how it should be completed or improved upon in future projects. They also coordinate with other compliance officers in other departments to ensure that all laws are followed at every stage of the process.
ü Interacting With Supervisors & Staff
Compliance officers are usually assigned to work with supervisors and ensure they follow up on standards set by management. Also, they actively communicate with supervisors and make a report every time employees commit any misconduct. They also keep a close record of every worker's performance at individual and team levels.
In a nutshell, a compliance executive has to ensure that the company is working in compilation with legal rules and regulations. Every business needs to follow some ethical standards, and the compliance executive has to implement them. If you want to learn about Compliance Executive, click here.
