Compliance Coordinator in New Hampshire Career Overview

As a Compliance Coordinator, you play a vital role in ensuring that your organization adheres to legal regulations and internal policies. Your responsibilities involve monitoring compliance with state and federal laws, industry standards, and organizational guidelines to mitigate risks and maintain ethical practices.

Key aspects of the Compliance Coordinator role include:

  • Policy Development and Implementation: You assist in creating and updating compliance policies and procedures that align with current laws and regulations, helping to establish a culture of accountability within the organization.

  • Monitoring and Auditing: You regularly review operations to ensure compliance and conduct audits to identify any potential areas of concern, enabling the organization to proactively address issues before they escalate.

  • Training and Education: You develop and deliver training programs to educate employees about compliance requirements and ethical standards, fostering a culture of compliance across all levels of the organization.

  • Reporting and Documentation: You maintain detailed records of compliance activities, prepare reports for management, and collaborate with external auditors during compliance reviews.

  • Consultation and Communication: You serve as a resource for departments on compliance-related inquiries and work closely with legal and regulatory agencies to stay informed about changes in laws that may affect your organization.

Your role is essential in safeguarding the organization’s integrity, reputation, and financial health, ensuring that it operates within the confines of the law while promoting a culture of ethical behavior.

Compliance Coordinator Salary in New Hampshire

Annual Median: $85,280
Hourly Median: $41

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 New Hampshire

To become a Compliance Coordinator in New Hampshire, you will typically need to obtain a relevant degree and complete specific training. Here are the educational qualifications and training paths you may consider:

  • Compliance Law: A degree in Compliance Law will provide you with a strong foundation in the legal aspects of regulatory compliance, covering laws and regulations that affect businesses and industries.

  • Public Administration: This degree focuses on the implementation of government policies and the management of public programs. It prepares you for navigating public sector compliance issues effectively.

  • Business Administration and Management: A degree in this field equips you with knowledge about organizational management, business operations, and ethical practices, all of which are essential for compliance roles.

  • Finance: Pursuing a degree in Finance helps you understand financial regulations, risk management, and monetary compliance, which are critical components of many compliance functions.

  • Law: Earning a law degree (JD) provides an in-depth understanding of legal frameworks, enabling you to interpret and apply laws relevant to various industries’ compliance needs.

In addition to earning a degree, you may benefit from internships or entry-level positions related to compliance, where you can gain practical experience and exposure to compliance tasks and responsibilities. Professional certifications in compliance, such as those offered by the Society of Corporate Compliance and Ethics (SCCE) or the International Compliance Association (ICA), may further enhance your qualifications and demonstrate your commitment to the field.

Best Schools to become a Compliance Coordinator in New Hampshire 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 New Hampshire

  • Attention to Detail: You must be able to scrutinize processes and documents meticulously to ensure compliance with regulations and internal policies.

  • Analytical Skills: Your ability to analyze data and assess compliance risks is essential. This includes evaluating current policies and identifying areas for improvement.

  • Communication Skills: You should possess strong verbal and written communication skills to convey compliance requirements and procedures clearly to stakeholders at all levels.

  • Interpersonal Skills: Building effective relationships across different departments is important. You need to collaborate with colleagues, management, and external regulatory bodies.

  • Organizational Skills: Keeping track of compliance timelines, audits, and documentation requires robust organizational abilities to manage multiple tasks efficiently.

  • Problem-Solving Skills: You will encounter challenges in ensuring compliance; your ability to devise practical solutions is critical to addressing these issues effectively.

  • Knowledge of Regulations: Familiarity with local, state, and federal regulations relevant to your industry is necessary to maintain compliance and avoid legal issues.

  • Project Management Skills: The ability to oversee compliance projects, coordinate activities, and ensure that deadlines are met can enhance your effectiveness in this role.

  • Technical Proficiency: Adeptness in using compliance-related software and tools, as well as understanding data security and management systems, is increasingly important in a digital world.

  • Adaptability: As regulations and organizational policies evolve, your ability to adapt to changes and learn new compliance requirements quickly will contribute to your success.

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 New Hampshire

  • The job market for Compliance Coordinators in New Hampshire has shown a steady demand, reflecting a growing emphasis on regulatory adherence across various sectors, including healthcare, finance, and manufacturing.

  • Many organizations are increasingly recognizing the importance of compliance roles in managing risk and ensuring operational integrity. This trend has led to ample openings for Compliance Coordinators at various levels of experience.

  • Growth potential in this career path is significant. As regulations continue to evolve and become more complex, the need for professionals who can help navigate these changes is expected to rise. Companies are likely to expand their compliance departments, creating more positions.

  • Geographical hotspots for Compliance Coordinator positions in New Hampshire include urban areas like Manchester and Nashua, where a concentration of businesses thrives. These cities host a variety of industries that require compliance expertise.

  • The presence of financial institutions in Portsmouth and the healthcare sector in Concord also contributes to job opportunities in compliance roles. The demand in these areas is driven by both local regulations and industry standards.

  • Networking and professional associations within New Hampshire can offer valuable opportunities for job seekers, enhancing visibility in the job market. Engaging with these groups can also provide insights into upcoming job openings and industry trends.

  • Local job boards and company websites should be regularly monitored for new listings, as many organizations prefer to advertise openings directly. Consider specialized recruitment firms as they may have exclusive access to compliance roles not listed publicly.

  • Internships and entry-level positions can be an excellent way to get your foot in the door. These opportunities often lead to permanent positions and can enhance your understanding of the compliance landscape in New Hampshire.

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 New Hampshire

  • Society of Corporate Compliance and Ethics (SCCE)
    An essential resource for compliance professionals, SCCE offers training sessions, webinars, and publications.
    Visit SCCE

  • Compliance Week
    This publication focuses on compliance, governance, and risk management. It provides updates on industry practices, regulatory news, and expert commentary.
    Visit Compliance Week

  • The American Society for Quality (ASQ)
    ASQ provides resources on quality control and compliance management. You can find certifications and training programs that may enhance your qualifications.
    Visit ASQ

  • National Association of Compliance Professionals (NACP)
    NACP offers certifications for compliance professionals, networking opportunities, and industry news.
    Visit NACP

  • Federal Regulations and Compliance Resources
    The U.S. government's official website provides comprehensive information on federal regulations. Understanding these regulations is vital for compliance work.
    Visit Regulations.gov

  • New Hampshire Department of Justice
    Your local state's resources for compliance regulations can be found here, which includes updates on state laws and guideline changes.
    Visit NH Department of Justice

  • National Compliance Services
    Featuring a collection of articles, templates, and how-to guides for compliance issues relevant across various sectors.
    Visit National Compliance Services

  • LinkedIn Learning
    Offers various courses related to compliance management, ethics programs, and risk management. A valuable resource to enhance your knowledge and skills as a Compliance Coordinator.
    Visit LinkedIn Learning

  • Compliance Magazine
    Published by the Compliance and Ethics Institute, this magazine covers the latest trends, news, and innovations in compliance.
    Visit Compliance Magazine

  • American Bar Association (ABA) – Business Law Section
    Provides resources on compliance and risk management from a legal perspective, including articles and research publications.
    Visit ABA Business Law Section

Frequently Asked Questions (FAQs) About Compliance Coordinator in New Hampshire

  • What are the primary responsibilities of a Compliance Coordinator?
    As a Compliance Coordinator, you are responsible for ensuring that your organization adheres to legal standards and internal policies. This includes conducting audits, developing compliance programs, reviewing and updating company policies, providing training, and preparing reports for regulatory bodies.

  • What qualifications are required to become a Compliance Coordinator in New Hampshire?
    Most organizations seek candidates with a bachelor's degree in business administration, law, finance, or a related field. Additionally, certifications such as Certified Compliance & Ethics Professional (CCEP) or Certified Regulatory Compliance Manager (CRCM) can enhance your qualifications.

  • Is prior experience necessary for this role?
    While some entry-level positions may be available, most employers prefer candidates with 2-5 years of relevant experience in compliance, auditing, or regulatory affairs. Experience in your industry of interest can also be advantageous.

  • What skills are essential for a Compliance Coordinator?
    Key skills include attention to detail, analytical thinking, strong communication abilities, problem-solving, and knowledge of regulatory requirements. Being well-organized and having the ability to manage multiple priorities is also beneficial.

  • What industries typically employ Compliance Coordinators in New Hampshire?
    Compliance Coordinators are in demand across various industries, including finance, healthcare, manufacturing, education, and technology. Each sector may have specific compliance requirements based on its regulatory environment.

  • What is the average salary for a Compliance Coordinator in New Hampshire?
    As of October 2023, the average salary for a Compliance Coordinator in New Hampshire ranges from $60,000 to $85,000 annually, depending on experience, education, and the specific industry.

  • What are the career advancement opportunities for a Compliance Coordinator?
    With experience, you may advance to positions such as Compliance Manager, Compliance Director, or Chief Compliance Officer. Pursuing additional certifications or advanced degrees can further enhance your career progression.

  • Are there networking opportunities for Compliance Coordinators in New Hampshire?
    Yes, numerous professional organizations, such as the Society of Corporate Compliance and Ethics (SCCE) and the New Hampshire Association of Compliance Professionals, offer networking events, workshops, and conferences specifically for compliance professionals.

  • What continuing education options are available for Compliance Coordinators?
    Many institutions and professional organizations offer courses, seminars, and webinars on compliance trends and regulations. Staying updated with industry changes can significantly enhance your expertise and marketability.

  • How important is staying up-to-date with regulations in this role?
    Staying informed about changes in laws, regulations, and industry standards is critical, as non-compliance can result in penalties for your organization. Regular training and participation in industry events are important for maintaining knowledge in this dynamic field.