Since the adoption of GDPR, the importance of compliance only grew. Many businesses have suffered terrible consequences for failing to comply in the form of hefty fines and reputational blows. Regardless of your industry, if you’re handling data, you’ll certainly need compliance experts. Furthermore, if you’re looking for lucrative careers, you should explore the required skills and earning potential for jobs in compliance. The jobs in compliance are predicted to grow in the following decade, and establishing yourself early can help you become an invaluable expert.
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Compliance jobs explained
People in compliance are responsible for ensuring that organizations and businesses adhere to laws, regulations, and ethical standards. To do this, they implement policies, hold training, explore paperwork, and implement necessary technology to ensure compliance.
An example of policy creation would be drafting a code of conduct for employees in a financial firm. The tasks associated with compliance experts vary from one industry to another. Similarly, different regions and countries have different compliance regulations.
In healthcare, businesses need to adhere to HIPAA, while in finance, they must take care of AML regulations and KYC policies. Depending on the industry of a certain business, they’ll need to have certain technical skills.
What are compliance regulations?
Compliance regulations are formal rules, guidelines, and standards established by governments and regulatory bodies. These regulations are often adopted to protect customers and clients and prevent criminal activities.
For example, the European Union’s GDPR protects its citizens' data from being exploited and sold, protecting the customer’s right to privacy on the internet. On the other hand, AML regulations prevent criminals from misusing online businesses to conduct money laundering or scams.
Organizations are required to adhere to these mandates to maintain their legal status and build trust among clients and customers. Failing to adhere to compliance regulations can lead to draconic fines.
The fines can go up to a billion dollars, depending on the size of your business and your profits. However, along with fines, the reputation of the company can suffer as well. This can lead to lowered profits, low employee morale, and a hard time getting new clients.
The reason why there are specialized roles for compliance is because adhering to regulations can be complex. This is because compliance is an intersection between law, ethics, risk management, and even technical skills like cybersecurity.
A single entrepreneur or a decision-maker can have difficulty keeping up with the changes in regulations and the latest trends on how to handle them.
Importance of compliance in 2025
The regulations are swiftly changing each year. What worked in the early days of the Internet can hardly work now. For example, a significant number of websites collected third-party cookies.
Of course, the regulations aren’t softer on the businesses that aren’t necessarily digital. Healthcare and finance regulations have always been complex and important, but with the rise of Internet-of-things devices and Internet services, businesses in these industries need to be even more careful.
Laws regarding cybersecurity are becoming more strict as well. With the rise of AI, the dangers of cyber threats are becoming more apparent. Governments worldwide are implementing stricter requirements for cybersecurity measures in order to protect businesses and critical infrastructure.
These regulations include the requirements for:
- More robust encryption standards,
- Shorter notification windows for breaches,
- Regulations like the AI Cybersecurity Act, that target risks associated with artificial intelligence systems.
If you find data boring, which isn’t uncommon, compliance regulations in sustainability and environment are expanding as well. Regulations in this field aim to lower companies' environmental impact.
This includes introductions of carbon taxes and cap-and-trade systems, as well as stricter regulations for reporting on sustainable practices.
7 Compliance jobs to consider
While there can be some type of compliance officer in basically any company, we’ll explore some of the most common jobs you should consider.
The examples should provide you with the necessary knowledge to understand what skills you’ll need and what responsibilities these roles have.
AML officer
One of the compliance jobs you can choose is an AML officer. Anti-money laundering regulations ensure that businesses aren’t a part of financial crimes such as money laundering, terrorist financing, and fraud. Of course, the businesses can be a part of this willingly, or they can be exploited.
An AML officer is an individual who ensures that a certain business is adhering to AML regulations and isn’t a victim of previously mentioned crimes. This person needs to understand documents such as the USA PATRIOT Act and the EU’s AML Directives.
To become an AML officer, you’ll need skills in risk management, as it will allow you to understand what the business is exposed to. With the latest developments, it can be valuable to know the software list for AML prevention in order to implement the newest technology for compliance.
Furthermore, the latest AML detection software can be complex, which is why many AML officers often have technical skills in cybersecurity and software development.
Businesses that must adhere to AML regulations are usually in finance and can be banking and financial services, online casinos, crypto projects and exchanges, real estate, and insurance companies.
Each of these businesses manages with high amounts of customer’s money and must ensure that their customers aren’t associated with crime. An AML officer will be responsible for monitoring transactions and observing whether there are suspicious activities.
Of course, in some cases, this can be impossible to do manually, which is why understanding the latest AML software is important. AI-powered AML software can help you monitor and analyze thousands of transactions and accurately flag the ones that are suspicious.
Furthermore, this software can help you conduct background checks and confirm whether a certain customer is a politically exposed persona or involved with criminal groups.
Healthcare compliance officer
Compliance in healthcare is important. According to numerous regulations, data that’s handled by healthcare institutions is sensitive and identifiable. Losing or leaking this data can lead to serious consequences for the business, institution, or organization.
The healthcare compliance officer ensures that the medical institution they work at adheres to the laws regarding patient care, data privacy, and operational ethics. They must have an in-depth understanding of healthcare-specific laws that revolve around patient data privacy.
Relevant regulations for this role include:
- Health Insurance Portability and Accountability Act (HIPAA)
- General Data Protection Regulation (GDPR)
- Food and Drug Administration (FDA) guidelines
- Medical Device Regulation (MDR)
The obvious institutions that require healthcare compliance officers are hospitals and clinics. However, there are numerous businesses that work on developing software and devices for patients and doctors, and they must have personnel trained in healthcare compliance.
Pharmaceutical companies, health insurance providers, and biotech companies all must adhere to regulations as well.
Bank compliance officers
Another compliance job in finance is that of a bank compliance officer. Similarly to AML officers, bank compliance officers ensure that financial institutions operate within legal boundaries.
Their tasks include ensuring anti-fraud measures, fair lending practices, and adherence to financial reporting standards. The majority of their skills should revolve around understanding banking laws and properly auditing and reviewing financial regulations.
Although still relevant, data regulations aren’t as important for bank compliance as other acts. This includes the Dodd-Frank Wall Street Reform and Consumer Protection Act, Basel III standards, and the Fair Lending Practices Act, among many others.
Banks are important institutions, and they must adhere to high standards, making this role responsible and complex. However, this role can also be found in small and medium business and investment firms, payment service providers, microfinance institutions, and others.
A bank compliance officer’s duty will often be advising administrators, accounting personnel, and decision-makers on how to provide services within the local regulations and guidelines.
Ethics officer
Larger businesses must have certain policies that revolve around ethics and workplace behavior. The ethics officer helps employees with allegations, conflicts of interest, and complaints, and provides the necessary solutions.
An ethics officer is often the bridge between employees and their managers and decision-makers. A person who works in this role needs to have great conflict resolution skills in order to solve disputes and mediate between two sides.
Furthermore, they must have insights into the company’s culture, as well as proper knowledge of local and regional ethical standards and cultural nuances. The same ethical standards can be applied to two companies, let alone companies on different continents.
Besides working with people, ethics officers must work on drafting and implementing corporate ethics codes. Usually, multinational corporations and government agencies require this role, as they usually have hundreds of employees.
Relevant regulations include:
- Sarbanes-Oxley Act (SOX)
- UN Global Compact Principles
- Corporate Governance Codes (e.g., OECD Guidelines)
However, they also need to get to know the policies and rules previously established for the business they’re working for.
Cybersecurity compliance specialist
As mentioned, cybersecurity itself is becoming an important aspect of compliance. However, there’s a branch that revolves specifically around cybersecurity compliance. Because the businesses are becoming more digitalized, cybersecurity’s importance grows along.
Whatever business we’re talking about, if there’s a local network, or if the employees are using the internet to conduct their tasks, there’s a need for cybersecurity protocols. Cybersecurity specialists must have proficient IT knowledge in order to conduct their tasks.
This field of IT is complex, and it requires knowledge of multiple disciplines, including programming, operating systems, and cybersecurity software. They must understand security frameworks such as ISO 27001, NIST, or similar standards.
The businesses that require cybersecurity compliance specialists include:
- Tech firms,
- Healthcare providers,
- Governmental institutions,
- Defense contractor,
But, as mentioned, basically any business can benefit from having a cybersecurity compliance or regular cybersecurity specialist. This role requires knowledge of preventing and mitigating risks, especially in situations such as data breaches.
Regulations they must be aware of include GDPR, PCI DSS, FISMA, and many others. Of course, understanding regional and local regulations is a must, as well.
Hiring a cybersecurity compliance specialist can be costly, yet the fines associated with data breaches are much more expensive, saving you money in the long run.
Regulatory affairs specialist
While the previous roles are more present in digital businesses and can even be done remotely, the regulatory affairs specialist is responsible for the approval process for new products, ensuring they meet all legal and safety requirements.
They must know how to prepare and review documentation about current and new products and to stay updated on regulatory changes. Some regulatory changes imply that a certain aspect of a product must be altered, making collaboration with R&D, legal, and marketing teams necessary for the regulatory affairs specialist.
Depending on the industry in which you find this job, you’ll have to understand FDA, European Medicines Agency (EMA) guidelines, ISO standards, or Medical Device Regulation (MDR) documents.
Healthcare and pharmaceutical businesses require regulatory affairs specialists to ensure adherence to FDA and EMA guidelines. For example, releasing new drugs, ointments, and other products that are intended for human consumption.
Similarly, electrical products and consumer goods need to pass tests regarding their safety.
Data privacy and protection specialist
While many of the previous roles also cover data regulations, there’s a special role for handling data and ensuring its protection. These experts ensure that the businesses are handling data according to relevant data regulations.
Depending on the location of the company and its customers, data privacy and protection specialists must ensure compliance with PIPEDA, CCPA, GDPR, LGPD and other regional data regulations.
They must have skills in data governance, as they’ll have to ensure proper data structuring, collection, storage, and sharing protocols. This role also overlaps a bit with cybersecurity compliance specialists as it requires technical knowledge of encryption, anonymization, and data security tools.
Basically, any business that collects data and has a certain amount of customers will benefit from having data privacy and protection specialists. These businesses are often tech, e-commerce, legal, and marketing firms.
Compliance jobs are growing in the current landscape
While many practices that ensure compliance are costly, the consequences of breaking laws and regulations are much more impactful. Because of this, many businesses are ready to invest in what’s necessary for the top talents in compliance.
If you’re an emerging expert in law, finance, IT, or healthcare, you should certainly explore what compliance jobs have to offer. With the proper upskilling and mindset, you can create a great foundation for your career. To start building your resume for one of these compliance jobs, sign up for Huntr today.