Corporate Compliance Coordinator in Ohio Career Overview

As a Corporate Compliance Coordinator, you play a vital role in ensuring that your organization adheres to laws, regulations, and internal policies. Your responsibilities encompass the following key areas:

  • Policy Development: You help create, implement, and review compliance policies and procedures that align with industry standards and legal requirements. This ensures the organization operates within the established guidelines.

  • Monitoring and Auditing: You conduct regular audits and assessments to identify potential areas of risk within the organization. Monitoring compliance helps to mitigate issues before they become significant challenges.

  • Training and Education: You facilitate training sessions to educate employees about compliance requirements and ethical standards. This enhances awareness and promotes a culture of integrity throughout the organization.

  • Reporting and Documentation: You maintain accurate records of compliance efforts, incidents of non-compliance, and remediation actions. Your detailed documentation provides stakeholders with essential insights and helps demonstrate the organization’s commitment to compliance.

  • Regulatory Liaison: Acting as a point of contact for regulatory agencies, you assist with inquiries, inspections, and responses to compliance-related issues. Building and maintaining these relationships is essential for ensuring alignment with external expectations.

  • Risk Assessment and Management: You evaluate ongoing risk factors and develop strategies to address them, ensuring the organization can navigate challenges while maintaining compliance.

In performing these duties, you contribute to the organization’s overall risk management strategy, safeguarding its reputation and financial stability while ensuring it operates within the legal framework. Your role not only supports compliance but also fosters trust among stakeholders, customers, and regulatory bodies.

Corporate Compliance Coordinator Salary in Ohio

Annual Median: $125,280
Hourly Median: $60.23

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Required Education To Become a Corporate Compliance Coordinator in Ohio

To become a Corporate Compliance Coordinator, you typically need a combination of educational qualifications and relevant training. Here are the specific college degree programs that are beneficial for this career path:

  • Business Administration and Management: This degree provides you with a broad understanding of business operations and the regulatory environment. It covers topics such as organizational behavior, strategic planning, and compliance management.

  • Business Administration: A degree in business administration equips you with foundational knowledge in business practices, including finance, marketing, and operations management. Coursework often includes elements of compliance and governance.

  • Business Law: Pursuing a degree in business law gives you an in-depth understanding of legal principles that govern business operations. This knowledge is crucial for navigating compliance issues and ensuring regulatory adherence.

  • Business Management: This program focuses on leadership and management strategies within a corporate setting. You'll learn how to implement and oversee compliance programs effectively while managing teams and resources.

  • Business/Managerial Economics: This degree offers insights into the economic principles and analytical techniques that impact business decisions. Understanding these concepts can enhance your ability to assess compliance risks and implement effective solutions.

Obtaining one of these degrees will significantly prepare you for a career as a Corporate Compliance Coordinator, laying the groundwork for your understanding of business operations and regulatory requirements. In addition to a relevant degree, consider participating in internships or obtaining certifications in compliance for further qualifications.

Best Schools to become a Corporate Compliance Coordinator in Ohio 2024

University of Phoenix-Arizona

Phoenix, AZ

In-State Tuition:$9,552
Out-of-State Tuition:$9,552
Admission Rate:N/A
Graduation Rate:18%
Total Enrollment:88,891

Southern New Hampshire University

Manchester, NH

In-State Tuition:$15,000
Out-of-State Tuition:$15,000
Admission Rate:96%
Graduation Rate:41%
Total Enrollment:164,091

Western Governors University

Salt Lake City, UT

In-State Tuition:$7,404
Out-of-State Tuition:$7,404
Admission Rate:N/A
Graduation Rate:49%
Total Enrollment:156,935

Colorado Technical University-Colorado Springs

Colorado Springs, CO

In-State Tuition:$12,036
Out-of-State Tuition:$12,036
Admission Rate:N/A
Graduation Rate:20%
Total Enrollment:24,808

Grand Canyon University

Phoenix, AZ

In-State Tuition:$16,407
Out-of-State Tuition:$16,407
Admission Rate:78%
Graduation Rate:45%
Total Enrollment:101,816

Liberty University

Lynchburg, VA

In-State Tuition:$15,467
Out-of-State Tuition:$15,467
Admission Rate:99%
Graduation Rate:66%
Total Enrollment:96,709
Corporate Compliance Coordinator Job Description:
  • Plan, direct, or coordinate activities of an organization to ensure compliance with ethical or regulatory standards.

Corporate Compliance Coordinator Required Skills and Competencies in Ohio

  • Attention to Detail: You must have a keen eye for detail to identify potential compliance issues and ensure all regulatory requirements are met without oversight.

  • Analytical Skills: The ability to analyze data, policies, and practices is essential for evaluating compliance programs and identifying areas for improvement.

  • Regulatory Knowledge: You need a solid understanding of relevant laws, regulations, and standards affecting your organization, including industry-specific guidelines.

  • Communication Skills: Strong verbal and written communication skills enable you to effectively convey compliance requirements and policies to diverse audiences within the organization.

  • Interpersonal Skills: Building positive relationships with colleagues across various departments is necessary for promoting a culture of compliance and collaboration.

  • Problem-Solving Abilities: You should be adept at identifying problems and developing practical solutions to compliance challenges that may arise.

  • Organizational Skills: Being highly organized allows you to manage multiple projects, deadlines, and compliance tasks efficiently.

  • Project Management Skills: You will benefit from strong project management capabilities to oversee compliance initiatives from inception through execution and evaluation.

  • Ethical Judgment: Taking an ethical approach to decision-making is vital in your role, as you will often address sensitive issues concerning compliance and corporate governance.

  • Training and Development Skills: The ability to design and deliver training sessions on compliance matters ensures that all employees understand their responsibilities and the importance of adherence to policies.

  • Adaptability: You need to be flexible in adapting to changing regulations and organizational policies, making adjustments as necessary to maintain compliance.

  • Technical Proficiency: Familiarity with compliance management software and data analytics tools will help streamline compliance monitoring and reporting processes.

By possessing these skills and competencies, you will be well-equipped to thrive as a Corporate Compliance Coordinator in Ohio.

Job Duties for Corporate Compliance Coordinators

  • Discuss emerging compliance issues to ensure that management and employees are informed about compliance reporting systems, policies, and practices.

  • Identify compliance issues that require follow-up or investigation.

  • Report violations of compliance or regulatory standards to duly authorized enforcement agencies as appropriate or required.

Technologies and Skills Used by Corporate Compliance Coordinators

Compliance software

  • Actimize Brokerage Compliance Solutions
  • Thomson Reuters Paisley Enterprise GRC

Electronic mail software

  • Email software
  • Microsoft Outlook

Presentation software

  • Microsoft PowerPoint

Basic Skills

  • Reading work related information
  • Thinking about the pros and cons of different ways to solve a problem

People and Technology Systems

  • Figuring out how a system should work and how changes in the future will affect it
  • Thinking about the pros and cons of different options and picking the best one

Social

  • Changing what is done based on other people's actions
  • Talking people into changing their minds or their behavior

Job Market and Opportunities for Corporate Compliance Coordinator in Ohio

The job market for Corporate Compliance Coordinators in Ohio is currently experiencing a significant evolution, driven by the increasing complexity of regulatory requirements across various industries. Here are key points regarding the demand, growth potential, and geographical hotspots for this role:

  • Demand for Compliance Professionals: Organizations are prioritizing compliance as they navigate regulatory changes and aim to mitigate risks. This heightened focus has led to a consistent demand for Corporate Compliance Coordinators who can assist in developing, implementing, and monitoring compliance programs.

  • Growth Potential: The profession shows promising growth potential. As businesses increasingly recognize the importance of adhering to legal standards and ethical practices, roles in compliance are expected to expand. This trend is supported by greater regulatory scrutiny and the necessity for companies to maintain robust compliance frameworks.

  • Industries Driving Demand:

    • Healthcare: With ongoing changes in healthcare laws and regulations, there is a strong need for compliance coordinators who can ensure adherence to federal, state, and local guidelines.
    • Finance: The financial sector continues to face stringent regulatory requirements, thus increasing the need for dedicated compliance professionals.
    • Manufacturing: Compliance with environmental regulations and safety standards drives demand in manufacturing settings, making this an important sector for Corporate Compliance Coordinators.
  • Geographical Hotspots:

    • Columbus: As the state capital and a central business hub, Columbus has a wide array of corporate offices and healthcare facilities that require compliance expertise.
    • Cleveland: Known for its diverse economy, Cleveland’s financial and healthcare sectors are expanding, providing numerous opportunities for compliance roles.
    • Cincinnati: With a strong corporate presence, particularly in consumer goods and manufacturing, Cincinnati offers a growing market for compliance professionals.
    • Dayton: As a city with a mix of aerospace, healthcare, and manufacturing industries, Dayton presents ample opportunities for compliance work.
  • Remote Work Trends: The rise of remote work options has also altered the landscape for Corporate Compliance Coordinators. Many organizations are now open to hiring compliance professionals for remote or hybrid roles, broadening the geographical scope for job seekers in this field.

Looking ahead, the outlook for Corporate Compliance Coordinators in Ohio remains optimistic, as businesses continue to navigate an evolving regulatory environment and emphasize the importance of ethical practices in their operations.

Additional Resources To Help You Become a Corporate Compliance Coordinator in Ohio

  • Compliance Certification Board (CCB)

    • Offers certifications for compliance professionals, including the Certified Compliance & Ethics Professional (CCEP) credential.
    • Website: www.compliancecertification.org
  • Society of Corporate Compliance and Ethics (SCCE)

    • Provides resources, training, and networking opportunities for compliance and ethics professionals.
    • Website: www.corporatecompliance.org
  • American Society for Healthcare Risk Management (ASHRM)

    • Focuses on compliance and risk management in healthcare, providing resources, training, and certifications.
    • Website: www.ashrm.org
  • Ohio Compliance Association (OCA)

    • A local organization promoting compliance best practices and networking opportunities tailored to Ohio-based professionals.
    • Website: www.ohiocompliance.org
  • Office of Inspector General (OIG) - U.S. Department of Health & Human Services

    • Provides guidance and resources related to compliance in healthcare organizations, including important regulations and best practices.
    • Website: oig.hhs.gov
  • Institute of Internal Auditors (IIA)

    • Offers information on governance, risk, and compliance, including publications and training relevant to compliance coordinators.
    • Website: www.theiia.org
  • Compliance Week

    • A leading information service for professionals in corporate governance, risk, and compliance. It provides articles, webinars, and events.
    • Website: www.complianceweek.com
  • Society for Human Resource Management (SHRM)

    • Offers resources on compliance related to human resources, including labor laws and regulations that may impact corporate compliance.
    • Website: www.shrm.org
  • Legal Research Tools and Resources

    • Utilize platforms like Westlaw and LexisNexis for comprehensive legal research which is crucial for compliance roles.
    • Websites: www.westlaw.com and www.lexisnexis.com.
  • Government Websites for Compliance Regulations

    • Familiarize yourself with compliance regulations applicable in various industries by visiting:

These resources will help you deepen your understanding of the field and stay informed about trends and regulations affecting corporate compliance.

Frequently Asked Questions (FAQs) About Corporate Compliance Coordinator in Ohio

  • What is the role of a Corporate Compliance Coordinator?
    A Corporate Compliance Coordinator is responsible for ensuring that a company adheres to legal standards, regulatory requirements, and internal policies. This role involves monitoring compliance, conducting audits, training employees, and developing compliance programs.

  • What qualifications are needed to become a Corporate Compliance Coordinator?
    Typically, a bachelor’s degree in business administration, law, finance, or a related field is required. Some employers may prefer candidates with a master’s degree or specific certifications like Certified Compliance and Ethics Professional (CCEP) or Certified Regulatory Compliance Manager (CRCM).

  • What skills are important for a Corporate Compliance Coordinator?
    Key skills include strong analytical abilities, attention to detail, excellent communication, problem-solving capabilities, and a solid understanding of relevant laws and regulations. Proficiency in compliance software and data analysis tools can also be beneficial.

  • What industries hire Corporate Compliance Coordinators?
    Corporate Compliance Coordinators are employed across various industries, including healthcare, finance, manufacturing, technology, and pharmaceuticals. Regulatory compliance is crucial in any industry that has to meet legal and ethical standards.

  • What are the common challenges faced in this role?
    Challenges may include keeping up with changing regulations, managing multiple compliance requirements simultaneously, and fostering a culture of compliance within the organization. Additionally, handling internal audits and investigations can be demanding.

  • What is the career outlook for Corporate Compliance Coordinators in Ohio?
    The demand for Corporate Compliance Coordinators is expected to grow as businesses increasingly prioritize compliance to mitigate risks. The job outlook is favorable due to the continuous evolution of regulations, especially in highly regulated industries.

  • How does one advance in a Corporate Compliance career?
    Advancement can be achieved by gaining additional certifications, taking on more complex projects, or moving into higher-level compliance roles such as Compliance Manager or Chief Compliance Officer. Networking within the industry and ongoing education are also important for career growth.

  • What is the typical salary for a Corporate Compliance Coordinator in Ohio?
    Salaries can vary based on experience, industry, and company size. As of recent data, the average salary ranges between $60,000 and $85,000 per year, with potential for higher earnings in senior positions or specialized areas.

  • Are there continuing education opportunities for Corporate Compliance professionals?
    Yes, many professional organizations offer workshops, seminars, and online courses focused on compliance issues. Staying updated on laws, regulations, and best practices is essential, and such opportunities are valuable for career development.

  • What role does technology play in compliance management?
    Technology significantly enhances compliance management through the use of compliance software, risk assessment tools, and data analytics for monitoring and reporting purposes. Leveraging technology helps streamline processes and improve efficiency in compliance tasks.