Evaluate, purchase, or sell investments on behalf of clients.
A Banking Compliance Officer is the counterpart of a Bank Examiner. Like a Bank Examiner, a Banking Compliance Officer makes sure banks follow all national, state, and local laws. The difference is, while an Examiner works for the federal government, a Banking Compliance Officer works for the bank itself, making sure that when an Examiner comes to check up on things, they don’t find anything wrong.
This position is found at every bank or credit union, so you have a lot of options on where to work. Wherever you end up though, you spend your days mixing research with collaboration. It’s your job to stay educated and aware of all the rules and regulations that might affect the way your bank does business. You make sure you understand how new policies affect your bank, and then figure out how to explain these to the people you work with.
These people could be anyone in the bank from the board of directors to entry-level Tellers. One day might find you training new staff members, while another might have you explaining to the bank’s CEO how lending practices need to change. When you’re not working with bank staff, you coordinate with Federal Examiners, acting as a liaison between them and your bank.
You might also look into things like how the bank treats its customers, how it markets its different products, and how well it keeps its vault stocked.