What does a Cybersecurity Policy and Compliance Analyst do?
Compliance analysts coordinate the operations within companies and organizations to ensure they are in compliance with local, federal, and state government regulations. As the gatekeeper of compliance both inside and outside the company, they work to ensure that the activities at their employer adhere to the guidelines established by either the government or nonprofit entities that regulate them.
Compliance analysts plan and coordinate the operational activities within a company or organization to ensure compliance with governmental regulations and ordinances they work in settings including schools, hospitals, corporations, and nonprofits. They ensure that all policies and procedures are implemented and well-documented and perform internal reviews to identify compliance problems that call for further or formal attention. They are responsible for the development of risk management strategies at the organization to help avoid non-compliance, and they are fluent in industry compliance regulations and policies and stay in contact with compliance regulators. Compliance analysts need a bachelor’s degree and related field experience as well as writing, communication, and computer skills.
- Manage compliance and regulatory requests, including all market conduct requests.
- Resolve issues and concerns from external and internal clients/auditors.
- Process claims relating to the Loss Damage Waiver (LDW) program.
- Establish and maintain relations with appropriate government regulatory agencies.
- Maintain and update assigned compliance program and risk assessments.
- Manage and prepare reports on management, personnel, budget, and assets.
- Monitor regulatory changes as they relate to the program.
- Lead the stability program for assigned products, ensuring protocols and data comply with regulatory requirements.
- Develop a trend analysis to determine supplemental training needs to supply chain.
- Conduct appropriate follow-up with those audited to resolve audit findings.
- Assist with the development of information security policies, standards and procedures.
- Support law department in investigating and resolving compliance problems, questions, or complaints.
- Implement strategic policies when selecting methods, techniques, and evaluation criteria for obtaining results.
- Collaborate on changes and to internal and regulatory policies as well oversight for compliance monitoring and testing.
- Kick-offs, status reviews, stakeholder meetings, change controls, tollgates, etc.
- Advise and educate lines of business (LOBs) in order to ensure full AML compliance.
- Plan and coordinate delivery and dependencies with across multiple teams.
- Ensure overall implementation of company safety and security policies.
- Serve as compliance liaison to senior staff and the Legal Department.
- Bachelor's or Graduate's Degree in business, computer science, engineering or information systems, or equivalent experience.
- Experience with SOX and GXP software and systems.
- Experience with enterprise resource planning.
- Prior experience as a consultant.
- Fluency in HIPAA procedures and protocols.
- Able to use leadership and critical thinking skills to assist with risk assessment.
- A natural problem solver with strict attention to detail.
How much does a Cybersecurity Policy and Compliance Analyst make?
Cybersecurity Policy and Compliance Analyst Career Path
Learn how to become a Cybersecurity Policy and Compliance Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Years of Experience Distribution
Cybersecurity Policy and Compliance Analyst Insights
“You don't want to work for someone who treat all the same (lazy and hardworking people)”
“I enjoyed the work and found it fun to interact with people from the public that were nice.”
“No team spirit and definitely one of the worst team I have worked for in my 17 year career.”
“Great opportunity to grown in the commercial real estate industry and learn from the best.”
“Not really anything to say here but I guess a yearly pay rise wouldn’t hurt!”
“It feels good to be a part of one of the best companies in the world.”
“Working in hsbc leads to career building but pay structure is not good for graduates fellows.”
“I have been given many opportunities to gain experience in desired areas within my field.”
Cybersecurity Policy and Compliance Analyst Interviews
Frequently asked questions about the role and responsibilities of compliance analysts
Working as a compliance analyst involves assessing and monitoring companies' processes, activities, and systems to ensure they're in compliance with all applicable laws, rules, and regulations. Compliance analysts may spend the day auditing systems, training employees, advising team members, writing reports, or reviewing recent changes to policies and laws.
Compliance analysts can work full-time in-house with a single company or offer their services as a consultant, making this a flexible career path. One advantage of becoming a compliance analyst is that you can work in many industries, including health care, agriculture, construction, and transportation, which increases the overall opportunities for this job.
The average salary for compliance analysts is $78,915 a year. Senior and lead compliance analysts enjoy higher salaries, sometimes in the six-figure range. Salaries are usually highest in the insurance, technology, and finance sectors. You may be able to increase your pay by specializing in these areas.
Working as a compliance analyst can be challenging due to frequent regulatory and political changes. One of the challenges of being a compliance analyst is that you have to keep up with new innovations and technology. Noncompliance can create legal trouble, which can make the job stressful.