Job Title: Junior - Compliance and Risk Analyst
Job Summary
The Junior Compliance and Risk Analyst plays a crucial role in supporting the organization's efforts to identify, assess, and mitigate compliance and operational risks. This entry-level position is designed for individuals eager to develop their expertise in compliance frameworks, risk assessments, and regulatory compliance standards. Working under the guidance of senior analysts, the Junior Compliance and Risk Analyst will ensure that company policies are in alignment with regulatory requirements and internal controls, contributing to a culture of compliance throughout the organization.
Key Responsibilities
- Assist in conducting risk assessments, audits, and compliance reviews to identify potential vulnerabilities.
- Monitor and ensure adherence to regulatory requirements such as GDPR, HIPAA, PCI-DSS, and SOX.
- Support the documentation of policies, procedures, and internal controls to maintain compliance standards.
- Help investigate compliance violations and report findings to senior analysts for further action.
- Maintain databases of risk and compliance issues, ensuring accurate and timely reporting.
- Assist in the preparation of reports and presentations for management to facilitate informed decision-making.
- Stay updated on industry regulations and compliance best practices to enhance knowledge and application.
- Collaborate with different departments to promote a culture of compliance and risk awareness across the organization.
Skills and Knowledge Required
- Basic knowledge of compliance regulations and risk management principles.
- Analytical skills to assess risks and detect non-compliance issues effectively.
- Strong attention to detail for reviewing compliance documentation and ensuring accuracy.
- Effective communication skills for reporting findings and collaborating with team members.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) for documentation and reporting tasks.
- Ability to handle sensitive and confidential data responsibly and ethically.
Educational Qualifications
- Bachelor’s degree in Business, Finance, Law, Cybersecurity, or a related field.
- Certifications such as Certified Compliance & Ethics Professional (CCEP) or Certified Risk and Compliance Management Professional (CRCMP) are a plus.
Key Focus Areas
- Learning regulatory frameworks and industry compliance requirements.
- Supporting compliance audits and policy reviews.
- Assisting in risk documentation and reporting.
Experience
- 0-2 years of experience in compliance, risk management, or a related field.
- Internship experience in a financial institution, law firm, or compliance department is beneficial.
Tools and Equipment
- Compliance Management Systems (CMS) for tracking compliance activities.
- Risk Assessment Software (e.g., RSA Archer, MetricStream) for evaluating risks.
- Microsoft Office Suite for documentation and analysis.
- Learning Management Systems (LMS) for compliance training and development.
Other Requirements
- Strong ethical mindset and commitment to maintaining confidentiality in all aspects of work.
- Willingness to learn and develop within the compliance and risk management field.