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Do you have the aspirations to become a Compliance Officer? Are your interested in the legal field? Then this is the right certification for you. A Certified Compliance Officer ensures that their organisation complies with its outside regulatory and legal requirements as well as internal policies and by laws. This certification can open the door to increased visibility, better opportunities and new jobs in your industry.
Roles and Responsibilities of a Certified Compliance Officer
A Certified Compliance Officer focuses on meeting the organisations goals while ensuring that all the operations and business transactions follow relevant legal and internal rules. They play a key role in developing compliance programs, reviewing company policies, and advising management on possible risks. They must possess advanced oral and written communication skills. Also, employers prefer such professionals who are highly-analytical and have strong attention to detail. As a Certified Compliance Officer your responsibilities include:
- Firstly, they should develop, implement and manage an effective legal compliance program
- Then, they should develop sound internal controls and monitor adherence to them
- Further, they advise management on the company’s compliance with laws and regulations through detailed reports.
- Also, regularly audit company procedures, practices, and documents to identify possible weaknesses or risk.
- Moreover, create plans to manage a crisis or compliance violation
- Additionally, they should Ensure all employees are educated on the latest regulations and processes
- Finally, they should be up to date with the latest internal standards and business goals
Vskills Certified Certified Compliance Officer Overview
Vskills Certification for Certified Compliance Officer validates your skills and expertise as per the industry’s need for wthics management or compliance. The certification tests the candidates on various areas in ethical theories, personal values, values and heuristics, individual responses, CSR, sustainability, legal compliance and privacy. Candidates who wish to work in CSR or ethics or compliance departments of various companies must take this certification.
Why become a Vskills Certified Certified Compliance Officer?
The demand for compliance manager is ever increasing. Employers are on a constant look out for Certified Compliance Officer who should be fluent in risk management and industry’s principles. In today’s highly competitive environment, certification differentiates you as a professional who is serious about applied learning, making you an asset to a prospective employer. Becoming a Vskills Certified professional offers you the following benefits:
- Firstly, a Government verification tag
- Also, the Certification will have lifetime validity.
- Further, you will get Lifelong e-learning access.
- Moreover, you get access to Free Practice Tests.
- Additionally, You will get tagged as ‘Vskills Certified’ On Monsterindia.com and ‘Vskills Certified’ On Shine.com.
Career as a Compliance Officer
A compliance officer’s principal responsibility is to guarantee that a firm is managed lawfully and ethically, in accordance with all current industry standards. This job responsibility begins with a thorough examination of existing rules and ethical standards in a certain sector. Let us know about Career as a Compliance Officer!
Exam Details
- Exam Code: VS-1182
- Duration: 60 minutes
- No. of questions: 50
- Maximum marks: 50
- Passing marks: 25 (50%).
- There is NO negative marking
- This is an Online exam
Exam Process
Course Outline: Certified Compliance Officer
This exam covers the following topics:
Business Ethics and Values
- Stories and Business Ethics
- The Business Case for Business Ethics
- Business and Organizational Ethics
Ethical Theories
- Framework for Ethical Theories
- Virtue Ethics (McIntyre)
- Deontological Ethics
Personal Values
- Introduction
- Perceptions of Values
- The Managerial Roles
Values and Heuristics
- Definitions
- Decision-Making Heuristics
- Integrity and Loyalty as Value Heuristics
Individual Responses
- The Ethical Categories
- Ethical Reasoning
- Categorization and Particularization and the Eight Stances
- Teleconferencing
Role of Corporates
- Corporate Responsibility
- Corporate Citizenship
- Corporate Governance
- Organizational Culture and Ethics
- Organizational Ethics
- Ethical Decision Making
- Ethical leadership
- Communicating Ethical Values
- Global and Local Values
Sustainability
- Political Initiatives
- Environmental Sustainability
Ethics and Law
- What is Ethics?
- A framework for Moral Decision Making
- Ethical Problem Solving Paradigm
- Ethics and Legal Compliance
Ethics and IT
- Privacy
- Security
- Communication
- Content
Other Ethics
- Professional Ethics
- Media Ethics
- Engineering Ethics
- Environmental Ethics
Business Conduct and Ethics Sample
- Purpose
- Compliance Is Everyone’s Business
- Responsibilities to the Company and Stockholders
Preparatory Guide: Certified Compliance Officer
Preparing for an exam is quite a difficult task. It becomes easier when you follow a preparatory guide. Here we provide you with our guide to smoothen your journey for this exam
Step 1- Always start with the Exam Objectives
Before, venturing on any journey, one must have a clear idea of what he/she is putting themselves into. With that being said, reviewing each and every exam objective becomes the most important part of your preparation. So make sure familiarise with each and every concept covered in this exam. This will help you tailor your study plan around these objectives and score better in the exam. The exam objective are:
- Business Ethics and Values
- Ethical Theories
- Personal Values
- Values and Heuristics
- Individual Responses
- Role of Corporates
- Sustainability
- Ethics and Law
- Ethics and IT
- Other Ethics
- Business Conduct and Ethics Sample
Step 2- Explore your Learning Resources
To ace the exam, you need to choose the best set of resources suited to your type and your level of understanding. There are abundant resources out there in the market place. Remember to make a wise choice and choose from genuine and authentic sources. Vskills offers you its official resources to help you with your preparations. You get Lifetime Access to Vskills E-learning and Study Material. Moreover, these resources are updated regularly and are an information goldmine.
Refer: Certified Compliance Officer Sample Chapter
Step 3- Books are your best friends
Books have been the golden resource while preparing for any exam. They provide detailed explanation of the exam concepts. You should refer the right books to gain in depth knowledge about the exam. In addition, books are also useful for cross-referencing and verifying the authenticity of the information from other learning resources. We suggest you to include the following books in your preparation journey:
- Governance, Risk Management, and Compliance by Richard M Steinberg
- How to Be a Wildly Effective Compliance Officer by Kristy Grant-Hart
- Compliance 101 by Debbie Troklus & Sheryl Vacca
- Compliance Management by Book by Nitish Singh and Thomas J. Bussen
Step 4- Analyse your preparations with Practice Tests
Finally, we’re on the last step for the preparatory guide. Further, this final step will give the candidate the exact insight of the topics in which they’re lacking. So, make sure you’re going through practice tests after you have gone through the entire syllabus. Most importantly, all the practice tests are designed to encounter the real exam environment around you. Moreover, attempting multiple practice tests will boost your confidence. Try outperforming yourself with each subsequent test. Get Ready to Self Evaluate your preparations with Practice Tests!
Job Interview Questions
If you are looking to crack your job interview in first attempt, then you must check out these interview questions. The sole purpose of these questions is to assist you in your job preparation.
