Compliance Coordinator in Tennessee Career Overview

As a Compliance Coordinator, you play a vital role in ensuring that your organization adheres to regulatory requirements and internal policies. Your responsibilities encompass a variety of tasks that contribute to the overall integrity and ethical standing of the company.

  • Monitoring Regulations: You routinely monitor changes in laws and regulations relevant to your industry, ensuring the organization remains compliant with local, state, and federal guidelines.

  • Policy Development: You assist in developing and updating compliance policies and procedures that align with legal requirements and industry standards.

  • Training and Education: You help design and implement training programs for employees, fostering a culture of compliance and raising awareness about relevant regulations.

  • Audit and Risk Assessment: Conducting regular audits, you identify areas of risk within the organization and recommend solutions to mitigate these risks effectively.

  • Reporting Systems: You establish and maintain reporting systems for compliance-related issues, ensuring that any violations or breaches are documented and addressed promptly.

  • Collaboration: Working in partnership with various departments, including legal, finance, and human resources, you ensure a unified approach to compliance across the organization.

In this role, your attention to detail and ability to interpret complex regulations are essential for safeguarding the company's reputation and operational efficiency. Your endeavors not only protect the organization from potential legal repercussions but also contribute to its long-term success and sustainability.

Compliance Coordinator Salary in Tennessee

Annual Median: $57,770
Hourly Median: $27.78

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 Tennessee

To pursue a career as a Compliance Coordinator in Tennessee, you should consider the following educational qualifications and training:

  • Bachelor’s Degree: A foundational requirement for most Compliance Coordinator positions is a bachelor's degree. Relevant fields of study include:

    • Compliance Law: Focuses on legal aspects and regulatory frameworks essential for compliance roles.
    • Public Administration: Provides insight into government operations and public policy, beneficial for compliance in public sectors.
    • Business Administration and Management: Offers a comprehensive overview of business operations, management practices, and compliance strategies.
    • Finance: Equips you with knowledge of financial regulations and ethical standards that are integral to compliance within financial organizations.
    • Law: This degree lays the groundwork for understanding legal principles, which is critical for interpreting laws and regulations related to compliance.

  • Master’s Degree (optional): While not always required, a master's degree in a relevant field such as Compliance Law, Business Administration, or Public Administration can enhance your qualifications and career prospects.

  • Certifications (optional but beneficial): Earning industry-recognized certifications can further validate your expertise in compliance. Certification programs may focus on specific areas such as healthcare compliance, corporate compliance, or financial compliance.

  • Internships and Practical Experience: Engaging in internships or entry-level positions while pursuing your degree can provide valuable hands-on experience in compliance-related tasks and help you build a professional network.

It is advisable to research specific requirements from potential employers in Tennessee, as some may have preferences for particular degrees or certifications.

Best Schools to become a Compliance Coordinator in Tennessee 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 Tennessee

  • Attention to Detail: You must possess a keen eye for detail to identify discrepancies and ensure compliance with regulations and internal policies.

  • Analytical Skills: Your ability to analyze complex information and data is essential for assessing compliance risks and evaluating organizational practices.

  • Communication Skills: Effective written and verbal communication capabilities are necessary for articulating compliance policies, preparing reports, and conducting training sessions.

  • Problem-Solving Skills: You'll need to be proficient in identifying problems, formulating solutions, and implementing corrective actions to meet compliance standards.

  • Organizational Skills: Strong organizational abilities will help you manage multiple tasks and projects simultaneously while maintaining compliance deadlines.

  • Interpersonal Skills: Building relationships across departments and with external stakeholders is critical for fostering a culture of compliance within the organization.

  • Knowledge of Regulations: A deep understanding of relevant laws, regulations, and industry standards is fundamental to ensuring that your organization complies fully with all legal requirements.

  • Technical Proficiency: Familiarity with compliance management software and data analysis tools is important for monitoring compliance activities and reporting.

  • Adaptability: You must be adaptable to changing regulations and organizational policies, ensuring continuous compliance even as requirements evolve.

  • Ethical Judgment: You should demonstrate strong ethical standards and integrity, making decisions that uphold the organization's values and legal obligations.

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 Tennessee

The job market for Compliance Coordinators in Tennessee has shown positive trends, with an increasing demand for professionals who navigate the complex regulatory landscape across various industries. Several factors contribute to this upward trajectory:

  • Increasing Regulatory Complexity: As businesses face stricter regulations at both federal and state levels, the need for compliance expertise rises. Organizations are actively seeking Compliance Coordinators to ensure adherence to laws and internal policies.

  • Diverse Industry Demand: Compliance Coordinators are needed across a variety of sectors including healthcare, finance, education, and manufacturing. Each sector presents unique compliance challenges, providing numerous opportunities for career development.

  • Growth Potential: The Bureau of Labor Statistics projects a steady growth rate for compliance-related positions. Organizations continue to expand their compliance departments, leading to a robust job market for Compliance Coordinators.

  • Geographical Hotspots:

    • Nashville: With its growing healthcare sector, Nashville is a prime location for Compliance Coordinators, particularly in hospitals and healthcare facilities that require regulatory oversight.
    • Memphis: Known for its logistics and transportation industries, Memphis offers opportunities in compliance roles that focus on regulations governing shipping and supply chain management.
    • Knoxville: The presence of educational institutions and research organizations creates demand for compliance professionals in academic settings, particularly concerning student compliance and federal regulations.
    • Chattanooga: As businesses in this region expand, compliance roles focusing on local and state regulations are becoming increasingly available, especially within manufacturing and technology sectors.

Staying aware of these market dynamics can enhance your ability to navigate job opportunities effectively in Tennessee's evolving landscape for Compliance Coordinators. Networking within industry-specific groups and attending relevant workshops or conferences will also increase your visibility and growth potential.

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 Tennessee

  • National Association of Compliance Professionals (NACP)
    This organization provides resources, training, and certification programs specifically for compliance professionals.
    Visit NACP

  • Society of Corporate Compliance and Ethics (SCCE)
    SCCE offers a variety of training resources, certification programs, and networking opportunities for compliance professionals.
    Visit SCCE

  • American Society for Quality (ASQ)
    ASQ offers various resources in quality management and compliance standards, including certification programs that may benefit compliance coordinators.
    Visit ASQ

  • Compliance Week
    A digital news and information platform that focuses on compliance, risk management, and corporate governance. It offers articles, webinars, and industry insights.
    Visit Compliance Week

  • U.S. Department of Justice (DOJ) Compliance Guidance
    The DOJ provides guidance documents and resources related to compliance frameworks and best practices in various industries.
    Visit DOJ Compliance Resources

  • Federal Trade Commission (FTC)
    The FTC provides information on compliance regulations, particularly in consumer protection and fair trade practices that compliance coordinators should be aware of.
    Visit FTC

  • Tennessee Department of Commerce and Insurance
    Offers state-specific compliance information and resources relevant to various industries operating in Tennessee.
    Visit TN Commerce and Insurance

  • LinkedIn Learning
    This platform features online courses related to compliance, including risk assessment, ethics training, and various compliance-related certifications.
    Visit LinkedIn Learning

  • The Compliance and Ethics Institute
    An annual event hosted by SCCE, this conference offers extensive training sessions on compliance issues and networking opportunities. You can review past sessions and materials.
    Visit Compliance and Ethics Institute

These resources will help you deepen your understanding of compliance standards and best practices, as well as connect you with professionals in the field.

Frequently Asked Questions (FAQs) About Compliance Coordinator in Tennessee

  • What does a Compliance Coordinator do?
    A Compliance Coordinator is responsible for ensuring that an organization adheres to regulatory requirements and internal policies. This involves developing compliance programs, conducting audits, providing training, and communicating with regulatory bodies.

  • What qualifications are needed to become a Compliance Coordinator?
    Typically, a bachelor's degree in fields such as business, finance, or law is required. Additional certifications, such as Certified Compliance and Ethics Professional (CCEP) or Certified Regulatory Compliance Manager (CRCM), can enhance your qualifications.

  • What skills are essential for a Compliance Coordinator?
    Key skills include strong analytical abilities, attention to detail, effective communication, problem-solving skills, and knowledge of relevant laws and regulations. Familiarity with risk management and data analysis tools is also beneficial.

  • What industries employ Compliance Coordinators?
    Compliance Coordinators are found in a variety of industries, including healthcare, finance, insurance, manufacturing, and government. Each industry has its own set of regulatory requirements, making compliance roles essential across the board.

  • What is the typical salary for a Compliance Coordinator in Tennessee?
    In Tennessee, the salary for a Compliance Coordinator can range from $50,000 to $80,000 annually, depending on experience, industry, and the size of the organization. Specialized knowledge or certifications can lead to higher compensation.

  • Is experience required for entry-level Compliance Coordinator positions?
    While some positions may require prior experience in compliance or a related field, many entry-level roles are open to recent graduates. Internships or volunteer experience in compliance-related tasks can be beneficial for your job prospects.

  • What are the career advancement opportunities for Compliance Coordinators?
    With experience, Compliance Coordinators can advance to senior compliance roles, compliance management positions, or even executive roles such as Chief Compliance Officer (CCO). Continuous education and certifications can also aid in career progression.

  • What challenges do Compliance Coordinators face?
    Compliance Coordinators often deal with staying current on changing regulations, managing the risk of non-compliance, and ensuring company-wide adherence to policies. Balancing these responsibilities while fostering a culture of compliance can be demanding.

  • How can networking help in a compliance career?
    Networking can provide you with insights into industry best practices, job opportunities, and mentorship. Joining professional organizations, attending industry conferences, and connecting with other compliance professionals can enhance your career growth.

  • What role does technology play in compliance?
    Technology plays a significant role in streamlining compliance processes through automation, data management, and analytics tools. Familiarity with compliance software can improve efficiency and accuracy in monitoring and reporting compliance efforts.