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Working in compliance administration can be rewarding both professionally and financially. Compliance administration jobs involve ensuring companies remain compliant with all necessary regulations and laws. As such, the role is very important to employers and therefore comes with lots of responsibilities.
Compliance administration jobs can be found in various sectors, with many employers reporting a skills shortage for this role. Keep reading to learn more about compliance administration employers and jobs, including expected salaries and promotion routes.
Compliance administration jobs can be found in a wide variety of different sectors. As such, duties can vary significantly from industry to industry. However, tasks will centre around conducting reviews and audits to ensure a company is correctly following all required operating, ethical and health & safety laws and guidelines.
The role comes with a lot of responsibility and therefore you will likely be busy on a day-to-day basis. Common duties for people working in compliance administration include:
- Performing risk assessments of existing operations
- Creating reports and making recommendations based on findings
- Educating other employees of any/all relevant rules and regulations
- Working with other teams, both internal and external
Whilst traditionally the role did not require any higher education qualifications, this is changing as the position becomes more important. As such, a growing number of compliance administration jobs now require a university degree. However, your degree can often be in any subject, with only some specialised companies such as those in finance requiring a specific qualification in that field.
Many compliance administration employers will place great importance on your own character and skills. The role requires candidates to have solid ethical standards, as well as an excellent attention to detail. Other important skill sets for the position include being a good communicator, a team player and determination.
Compliance administration jobs can provide an excellent career. The role continues to be in high demand by employers, helping to create good long-term job security. Furthermore, the skills you will acquire can be easily transferred to other sectors and roles. Compliance administration jobs can be found in a growing number of industries, as well as the public sector.
Salaries are often good for compliance administration jobs, with many opportunities to gain new skills and progress to more senior-level positions. Some sectors, such as IT and finance, will often offer higher salaries to those working in compliance administration, than in say retail and manufacturing. Starting salaries generally begin around £18,000 – £30,000 depending on the sector. With further training and experience, senior-level compliance administrator jobs can offer anywhere between £30,000 to £60,000+.
There are many advantages to compliance administrator jobs. Firstly, you will be entering a role growing in importance and demand. You will be able to make a real difference to an organisation and have the opportunity to work with people of differing job levels and backgrounds. Wages are generally good, as are the chances to gain professional qualifications and further your career.
However, like all positions, there are some disadvantages to working in compliance administration. The role can be very demanding, and you will likely be given lots of important responsibility. This means that if things go wrong, you may be held accountable. Long hours and the need to keep up to date with all latest compliance guidelines are other issues that can cause stress in this role.