What Is a Bank Compliance Officer and How to Become One

Bank compliance officers ensure that a bank’s policies, procedures, and practices adhere to federal regulations. Their duties include advising financial administrators, accounting managers, and other bank employees about servicing customers within federal guidelines. The bank compliance officer is also responsible for testing compliance programs that may enhance financial transactions and accounting services throughout the bank.

To become a bank compliance officer, earn a bachelor’s degree in business, financial administration, public administration, accounting, or a related field. Some employers require bank compliance officers to hold a graduate degree or certification, but an undergraduate degree qualifies you for an entry-level position. Gain experience in a financial institution to learn about interpreting and enforcing policies in lending, investing, and financial management. Once you have worked in banking for a few years and are confident in your knowledge of federal compliance regulations, seek positions as a bank compliance officer.