Compliance Coordinator in Iowa Career Overview

As a Compliance Coordinator, you play a vital role in ensuring that organizations adhere to laws, regulations, and internal policies. This position is essential in a variety of industries, including healthcare, finance, and manufacturing, where adherence to regulatory standards is critical for operational integrity and ethical practices.

Your responsibilities typically include:

  • Regulatory Monitoring: Staying informed about changes in laws and regulations that affect your organization, allowing you to anticipate adjustments needed in policy or practice.
  • Policy Development: Assisting in the creation and implementation of compliance policies and procedures, ensuring that they align with current regulations and best practices.
  • Training and Education: Developing training programs for employees to foster an understanding of compliance processes and personal responsibilities.
  • Risk Assessment: Conducting regular assessments to identify potential compliance risks within the organization and recommending necessary adjustments or controls.
  • Reporting: Preparing detailed reports on compliance activities for management and regulatory bodies, highlighting any potential compliance issues and the actions taken to address them.

Your role is integral in promoting a culture of compliance within the organization, which not only protects the company from legal repercussions but also enhances reputation and trust with stakeholders. In an increasingly complex regulatory landscape, your expertise is essential for navigating compliance challenges and ensuring sustainable business practices.

Compliance Coordinator Salary in Iowa

Annual Median: $67,950
Hourly Median: $32.67

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

Required Education To Become a Compliance Coordinator in Iowa

To become a Compliance Coordinator, you should consider pursuing one of the following educational qualifications:

  • Compliance Law

    • A degree in Compliance Law provides specialized knowledge about regulatory standards and legal frameworks that govern organizations. This program often covers topics such as corporate governance, ethics, and compliance management.

  • Public Administration

    • A degree in Public Administration focuses on the implementation of government policies and the management of public sector organizations. This program equips you with an understanding of regulatory environments and the compliance requirements that governmental entities face.

  • Business Administration and Management

    • A degree in Business Administration and Management offers a broad foundation in business principles. This program includes coursework on organizational behavior, management practices, and the regulatory issues businesses encounter, which are essential for a role in compliance.

  • Finance

    • A degree in Finance emphasizes financial regulations, risk management, and the compliance requirements that financial institutions must adhere to. This background is particularly valuable in roles that require oversight of financial practices and regulatory adherence.

  • Law

    • A Juris Doctor (JD) degree provides a comprehensive understanding of legal principles, regulations, and ethics. This qualification is beneficial for a Compliance Coordinator, especially in navigating complex legal frameworks and ensuring organizational adherence to the law.

In addition to a relevant degree, participating in internship programs, certifications, or training related to compliance can further enhance your qualifications in this field.

Best Schools to become a Compliance Coordinator in Iowa 2024

#1Maricopa County

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
#2Merrimack County

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
#3Salt Lake County

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
#4El Paso County

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
#5Maricopa County

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
#6Lynchburg City

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
Compliance Coordinator Job Description:
  • Coordinate and document internal regulatory processes, such as internal audits, inspections, license renewals, or registrations.
  • May compile and prepare materials for submission to regulatory agencies.

Compliance Coordinator Required Skills and Competencies in Iowa

  • Attention to Detail: You must carefully analyze regulations, policies, and procedures to ensure compliance, identifying any discrepancies or areas needing improvement.

  • Analytical Skills: You should possess strong analytical capabilities to interpret complex legal and regulatory documents and to assess the impact of compliance measures on organizational operations.

  • Problem-Solving Abilities: You will need to develop solutions to compliance challenges, addressing issues proactively while minimizing risks and ensuring adherence to regulations.

  • Organizational Skills: Effective organization is essential for managing multiple projects, deadlines, and compliance audits, as well as for maintaining accurate documentation.

  • Communication Skills: You must communicate clearly and concisely, both in writing and verbally, to convey compliance requirements and policies to various stakeholders, including management and staff.

  • Interpersonal Skills: Building relationships with colleagues and external regulators is key. You should be able to foster collaboration and trust to facilitate compliance initiatives.

  • Research Skills: You need to stay informed about new laws, regulations, and best practices in compliance, enabling you to implement necessary changes effectively within the organization.

  • Technical Proficiency: Familiarity with compliance software and reporting tools is beneficial. You should be proficient in using software applications for documentation, data analysis, and reporting.

  • Ethical Judgment: A strong sense of integrity and ethical judgment is important in making decisions that align with both organizational values and regulatory expectations.

  • Project Management: You should possess project management skills to effectively lead compliance initiatives, ensuring they are completed on time and within scope.

  • Adaptability: You must navigate a constantly evolving regulatory landscape, adapting quickly to changes in laws and compliance standards while maintaining alignment with organizational goals.

Job Duties for Compliance Coordinators

  • Communicate with regulatory agencies regarding pre-submission strategies, potential regulatory pathways, compliance test requirements, or clarification and follow-up of submissions under review.

  • Coordinate efforts associated with the preparation of regulatory documents or submissions.

  • Prepare or direct the preparation of additional information or responses as requested by regulatory agencies.

Technologies and Skills Used by Compliance Coordinators

Data base user interface and query software

  • Microsoft SQL Server
  • Yardi software

Medical software

  • Healthcare common procedure coding system HCPCS
  • Medical procedure coding software

Presentation software

  • Microsoft PowerPoint

Basic Skills

  • Listening to others, not interrupting, and asking good questions
  • Talking to others

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

Problem Solving

  • Noticing a problem and figuring out the best way to solve it

Job Market and Opportunities for Compliance Coordinator in Iowa

The job market for Compliance Coordinators in Iowa is currently robust, driven by the increasing regulatory landscape across various industries. The demand for Compliance Coordinators is particularly strong as organizations strive to ensure adherence to laws and regulations while minimizing risks. Here are some key insights regarding the job market and opportunities in the state:

  • Increasing Demand: With organizations focusing on improving their compliance frameworks, the need for skilled Compliance Coordinators is on the rise. This demand spans numerous sectors, including healthcare, finance, manufacturing, and technology.

  • Growth Potential: The role of Compliance Coordinator is expected to see substantial growth in the coming years. As new regulations are introduced and existing regulations are enforced more stringently, businesses will continuously seek professionals who can navigate the complexities of compliance.

  • Geographical Hotspots:

    • Des Moines: As the state capital and a major business hub, Des Moines presents numerous opportunities in various industries, including insurance, finance, and healthcare. Many corporations often look for experienced Compliance Coordinators to manage complex compliance obligations.
    • Cedar Rapids: This city has a diverse industrial base, making it a prime location for compliance professionals. The presence of several large manufacturers and service providers means that Compliance Coordinators are increasingly in demand.
    • Davenport: Located in the Quad Cities region, Davenport has a growing market for Compliance Coordinators, particularly in the healthcare and finance sectors, where regulatory compliance is vital.
    • Iowa City: Known for its healthcare and educational institutions, Iowa City presents multiple opportunities for Compliance Coordinators, especially within nonprofit organizations and academic institutions focusing on compliance and ethical practices.

  • Industry Variability: Different sectors may present varying levels of opportunity. For example, compliance roles in healthcare and finance tend to be more stringent due to rigorous regulations, thus needing more Compliance Coordinators. As organizations transition towards more technology-driven solutions, roles within tech companies are also increasing.

Overall, the job market for Compliance Coordinators in Iowa is optimistic, with a favorable outlook for growth and opportunities across diverse industries and hot spots in key cities.

Top Related Careers to Compliance Coordinator 2024

Regulatory Compliance Manager
Licensing and Inspection Officer
Internal Audit Specialist
Regulatory Submission Analyst

Additional Resources To Help You Become a Compliance Coordinator in Iowa

  • Compliance Certification Board (CCB)
    An authoritative body offering certifications and resources for compliance professionals.
    Visit CCB

  • Society of Corporate Compliance and Ethics (SCCE)
    A professional organization providing education, resources, and networking for compliance professionals.
    Visit SCCE

  • Health Care Compliance Association (HCCA)
    Offers resources specifically for compliance in the healthcare sector. Provides training, certifications, and conferences.
    Visit HCCA

  • American Society for Quality (ASQ)
    Provides resources and certifications on quality management, which often overlap with compliance roles.
    Visit ASQ

  • Institute of Internal Auditors (IIA)
    Offers standards and guidelines for compliance as part of broader internal audit practices.
    Visit IIA

  • Federal Compliance Resources
    Access to federal regulations and guidelines that are essential for compliance in various industries.
    Visit Regulations.gov

  • Occupational Safety and Health Administration (OSHA)
    Provides standards and compliance resources for workplace safety regulations.
    Visit OSHA

  • Privacy and Civil Liberties Oversight Board (PCLOB)
    Offers guidance related to privacy compliance and civil liberties.
    Visit PCLOB

  • National Association of State Boards of Accountancy (NASBA)
    Useful for compliance related to accounting and financial reporting standards.
    Visit NASBA

  • Local Networking Groups and Meetups
    Seek out local chapters of compliance organizations or industry meetups in Iowa for networking and professional development opportunities.
    Meetup.com for Local Groups

  • Books on Compliance
    Consider reading titles such as:

    • "The Complete Compliance Handbook" by Michael D. S. eBook.
    • "Compliance Management: A How-to Guide for Managers and Executives" by Michael G. McCarthy.

  • Online Learning Platforms

  • Iowa-Specific Resources
    Check out the Iowa Department of Inspections and Appeals for state-specific compliance resources and regulatory updates.
    Visit Iowa DIA

These resources will empower you to deepen your understanding of compliance and advance your career as a Compliance Coordinator.

Frequently Asked Questions (FAQs) About Compliance Coordinator in Iowa

  • What is the primary role of a Compliance Coordinator?
    A Compliance Coordinator is responsible for ensuring that an organization adheres to regulatory requirements and internal policies. This includes developing compliance programs, monitoring compliance activities, conducting audits, and training staff on compliance-related matters.

  • What qualifications are needed to become a Compliance Coordinator?
    Most positions require a bachelor’s degree in fields like business administration, finance, or legal studies. Relevant experience in compliance, auditing, or legal work is often preferred. Certification, such as Certified Compliance and Ethics Professional (CCEP), can also enhance your qualifications.

  • What skills are important for a Compliance Coordinator?
    Key skills include strong attention to detail, analytical thinking, excellent communication abilities, problem-solving skills, and a solid understanding of laws and regulations applicable to the industry in which you work.

  • What industries employ Compliance Coordinators?
    Compliance Coordinators are needed in a variety of industries, such as healthcare, finance, manufacturing, and information technology. Any sector that is regulated by federal or state laws may require compliance oversight.

  • What are the common challenges faced by Compliance Coordinators?
    You may face challenges such as staying current with rapidly changing laws and regulations, managing multiple priorities, handling resistance to change within the organization, and conducting thorough investigations while maintaining confidentiality.

  • How does the role of a Compliance Coordinator differ from that of a Compliance Officer?
    While both roles focus on compliance, a Compliance Coordinator typically supports compliance initiatives and implements policies, whereas a Compliance Officer may hold a more senior position that involves strategic oversight and decision-making authority regarding compliance issues.

  • What does a typical day look like for a Compliance Coordinator?
    Your daily activities may include reviewing policies and procedures, conducting audits, preparing reports, providing staff training, meeting with regulatory bodies, and addressing compliance inquiries from employees.

  • What are the career advancement opportunities for a Compliance Coordinator?
    With experience, you can advance to higher-level compliance positions such as Compliance Manager or Compliance Officer. Specialization in niche areas of compliance or gaining additional certifications can also broaden your advancement opportunities.

  • How do Compliance Coordinators stay updated on regulatory changes?
    You can stay informed by attending industry seminars, subscribing to compliance-related publications, participating in professional associations, and engaging in continuous education and training.

  • What is the salary range for Compliance Coordinators in Iowa?
    Salaries for Compliance Coordinators in Iowa can vary based on experience, industry, and organization size, typically ranging from $50,000 to $80,000 annually.

  • Is remote work an option for Compliance Coordinators?
    Many organizations now offer flexible work options, including remote work. However, the feasibility often depends on the company's policies and the specific requirements of the compliance role.