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How to Become a Compliance Manager in India: A Detailed Guide

Introduction
Skills Required
Eligibility & Courses
Top Colleges
Entrance exams
Work Description
Job profiles
Pros & cons
FAQs
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how to become a compliance manager

Introduction

How to Become a Compliance Manager: The work of a compliance manager, also referred to as a compliance specialist, is ensuring a company’s policies and procedures comply with regulatory and ethical standards. These highly analytical professionals perform regular audits, implement company policies, and design control systems. If you’re considering How to Become a Compliance Manager, this could be a promising field.

Are you interested in building a career in Compliance Management?

To build a career in the Compliance Management sector, you need first to understand the job profile and responsibilities of the Compliance Management Career. This is a crucial step in your journey towards understanding How to Become a Compliance Manager.

This blog gives you a detailed idea of what it is like to become a Compliance Management in India. It provides insights into How to Become a Compliance Manager.

Skills Required

Eligibility and Courses

Eligibility

After 10th

After 12th

Graduation

Post Graduation

The candidate must have appeared in 10 from any recognized educational board.

The Candidate then has to appear for the HSC exam from a recognized board

Interested candidates can undertake a bachelors degree,  a bachelor’s degree in human resource management is one of the best choices which is a 3-year degree program

The candidates can also pursue a master’s degree so that they can have better career opportunities. 

The candidate should try to gain at least a minimum of 50-60% marks to be eligible to enter Any stream of choice

The core subjects should include Physics, Chemistry, and Mathematics (PCM).

The candidate needs to pass the entrance exams like JEE, JEE advanced and others to get enrolled in a bachelor’s degree

They can pursue a Master’s Degree in HR Management, which can be up to 2 years

 

The candidate should try to gain at least a minimum of 50-60% marks. Then, only they will become eligible for the bachelor’s course

After Graduation, the student can either search for a Job or go for a Master’s Degree

The Candidate must have at least 1 to 2 years of Experience in the sector at a starting position to get a high paying and good position in a reputed organization. Or they can work as a freelancer.

Top Colleges

Colleges

Location

NLU Kolkata

Kolkata

Banaras Hindu University

Varanasi

The Institute of Company Secretaries of India

New Delhi, Chennai, Mumbai

Risk And Compliance Professionals Association

Delhi

Entrance Exams

  1. Certified Regulatory Compliance Manager (CRCM): The CRCM credential is a certification that is offered by the American Bankers Association, which is designed to recognize the skills and knowledge of compliance professionals who work in the banking industry.
  2. Certified in Healthcare Compliance (CHC): The CHC certification is offered by the Compliance Certification Board and is designed to recognize
  3. Certified Compliance and Ethics Professional (CCEP):The CCEP certification is offered by the Society of Corporate Compliance and Ethics and is designed to recognize professionals who have knowledge and experience in corporate compliance and ethics.
  4. Bachelor’s degree in Compliance Management: Some institutions offer a bachelor’s degree in compliance management, which may require applicants to demonstrate a certain level of knowledge in the field as part of the admission process.
  5. Entrance exam in compliance management: Some institutions may offer an entrance exam or test that assesses an applicant’s knowledge of compliance management principles, regulations, and best practices.

Work Description

Compliance managers are responsible for ensuring that companies and organizations follow the rules and regulations and have to commonly work with a team of individuals from various departments, including human resources, marketing, sales, accounting, etc. Their responsibility is to ensure that everything from hiring practices to product safety is handled in an ethical and legal manner.

Job Profiles

Career

Description 

Risk management:

The Risk Manager will oversee the organization’s comprehensive insurance and risk management program, assessing and identifying risks that could impede the reputation, safety, security, or financial success of the organization

Regulatory Compliance Manager:

They work as Creating and reviewing regulatory compliance documentation. Coordinating the creation, review, and implementation of policies and procedures resulting from new laws and regulations. Applying and interpreting audit and compliance requirements for various departments

Compliance Program Manager:

They are responsible for Monitors and auditing compliance-related activities to ensure compliance with local, state, and federal regulations; ensures organization staff maintains appropriate certifications and/or training requirements

Head Of Compliance:

The HOC are professionals who are required to ensuring that all corporate processes and procedures comply with the law.

Risk Compliance Manager:

A Risk Compliance Manager coordinates the creation, review, and implementation of policies and procedures established by the agencies that regulate the company. Compliance Managers apply and interpret audit and compliance requirements for various departments.

Cons

FAQs

What is the role of a Compliance Manager?

A Compliance Manager, also referred to as a compliance specialist, ensures a company’s policies and procedures comply with regulatory and ethical standards. They perform regular audits, implement company policies, and design control systems.

What skills are required for a Compliance Manager?

Key skills include communication, leadership, problem-solving, and critical thinking. Compliance managers often communicate with various individuals and groups, lead a team of compliance officers, solve potential issues, and use critical thinking to review regulations and develop strategies.

What is the eligibility and course structure for becoming a Compliance Manager?

The candidate must have completed 10th and 12th from any recognized educational board. They can then pursue a bachelor’s degree in human resource management, followed by a master’s degree for better career opportunities. The candidate must also have at least 1 to 2 years of experience in the sector at a starting position.

What are some top colleges for studying Compliance Management?

Some top colleges include NLU Kolkata, Banaras Hindu University, The Institute of Company Secretaries of India, and Risk And Compliance Professionals Association.

What are the pros and cons of a career in Compliance Management?

Pros include job stability, varied job roles, opportunity for advancement, high salaries, and ethical work. Cons include a high-pressure environment, demanding workload, continuous learning, risk of legal action, and a potentially stressful job role.

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