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Career Path Job Descriptions

What Does a Senior Compliance Analyst Do?

The regulatory requirements of the business world have been increasing, especially since the last two decades. That’s more true for heavily-regulated industries, such as the financial services and healthcare industry. That has led to companies hiring various compliance experts like the senior compliance analyst. 

The senior compliance analyst has to work with compliance officers and the legal department to ensure there’s minimal risk of lawsuits, fines, or other issues. Their role involves a lot of research, monitoring, and analysis. 

In this article, we’ll take a closer look into the roles, job duties, job responsibilities, and abilities of a senior compliance analyst. 

What Does a Senior Compliance Analyst Do – Typical Roles in Organizations 

The senior compliance analyst position is the next in line after the compliance analyst position. Senior compliance analysts have to maintain legal and regulatory compliance through proper research and analysis. They have to ensure regulatory requirements are met and that they have the necessary approvals. 

Some organizations tend to mix up different job types within the compliance department. For example, some organizations consider senior compliance analysts and senior compliance officers to be indifferent. Many job postings often use both the job titles when posting new jobs. The job alerts mostly depend on the company size and how the human resources department works there. 

However, in larger organizations, the roles are more distributed. That is why you’ll find compliance analysts, senior compliance analysts, compliance officers, compliance specialists, compliance managers, and more. In heavily-regulated industries, you might find specific roles like the senior financial analyst, data analyst, or risk analyst. 

In the United States, most organizations differentiate between different compliance roles due to increased regulation. As a result, there has been an increase in senior compliance analyst jobs and an even bigger difference in the senior compliance analyst salaries. You’ll find that most organizations tend to have different job descriptions now. 

Smaller organizations still focus on having a single compliance specialist rather than a complete department. In some cases, they outsource compliance services from various subject matter experts. 

In any case, senior compliance analysts tend to work with compliance officers and legal counsel. They offer support to compliance analysts, research compliance risks, and help develop new and improved compliance programs. 

The compliance head usually enlists the help of the senior compliance analyst during internal audits, surveys, and more. That’s because the senior compliance analyst is expected to be updated on all recent regulatory compliance requirements. 

What Does a Senior Compliance Analyst Do – Duties and Tasks 

Each senior compliance analyst will have slightly different duties, tasks, and responsibilities. The change usually occurs due to different industries, company types, and organizational structures. Therefore, you might find that some senior compliance analysts have to take on the duties of compliance officers, too, in some cases. However, there is a clear set of responsibilities and duties that every senior compliance analyst has to perform. 

In any case, the following duties, tasks, and responsibilities are what the typical compliance analyst has to manage. 

  • Report to the compliance lead, compliance manager, compliance lead, corporate compliance officer, or chief compliance officer with the necessary research, analysis, and advice. 
  • Research various laws, rules, and regulations by viewing the latest regulation news, federal updates, and more. Be up to date with the regulatory issues of major companies like the recent Citi regulatory issues. 
  • Keep all the departments up to date on the latest regulatory requirements documentation processes, and regulatory filing information. That includes legal, human resources, finance, accounting, IT, and other departments. You may have to write and communicate the guidelines to effectively relay the information. 
  • Obtain all the approvals from upper and compliance management by revising relevant rates, forms, and other documentation. 
  • Compile information on various compliance issues and update the necessary information. 
  • Maintain a working knowledge of the essential regulations, laws, and rules, such as the GDPR Data Privacy Regulations, the Anti-Money Laundering (AML) law, HIPAA, and more. 
  • Understand various employee compliance issues relating to things like sexual orientation, gender identity, personal information security, and more. 
  • Maintain a working relationship with regulatory agencies, regulatory bodies, and various regulators by developing better contracts and timely resolving concerns. 

The responsibilities, tasks, and duties listed above are what the average senior compliance analyst should be able to do. 

What Does a Senior Compliance Analyst Do – Skills and Abilities 

Senior compliance analysts may have varying duties and responsibilities, but the skills, qualifications, and abilities required tend to remain the same. The primary difference in qualifications and skills comes in different industries as the senior compliance analyst would be expected to have industry-specific certifications. 

On average, the senior compliance analyst is expected to have the following qualifications, skills, and abilities. 

  • A bachelor’s degree in business, accounting, or any related field that’s relevant in the industry. A master’s degree is preferred but not necessary. 
  • At least five to seven years of experience in compliance analysis, compliance auditing, or as a compliance analyst/officer is needed. Related experience in different companies and industries is also preferred. 
  • Getting a veteran status in compliance fields is preferred, such as in auditing, regulatory compliance, or any other field. 
  • Should be able to work with different computers and have a working knowledge of Microsoft products, including Excel, Word, PowerPoint, Outlook, and SharePoint. 
  • Have work experience in risk management, risk assessments, and with various business units. You should be able to develop and take corrective actions in the case of compliance issues, 
  • Excellent research and analysis skills are required to find and examine relevant regulations, laws, and rules. 
  • Problem-solving and critical thinking skills are needed to identify compliance issues, risks, and problems and develop solutions around them. 
  • Good communication skills are required to work with other compliance professionals, departments, and stakeholders. 
  • Interpersonal skills are needed to develop good relations with all relevant stakeholders. 
  • It’s imperative to have the technical proficiency, verbal, and written skills to relay information effectively. 
  • It’s crucial to be detail-orientated to meet deadlines and achieve compliance standards. 

The qualifications, abilities, and skills listed above are what every senior compliance analyst should have. However, it’s best to get some industry-specific certifications and qualifications too. 

How to Become a Senior Compliance Analyst 

Since the senior compliance analyst and senior compliance officer jobs tend to overlap, their salaries overlap too. However, you can still find the average salary of a senior compliance analyst in various industries. 

According to Glassdoor, the average salary for a full-time senior compliance analyst in the United States can be rounded up to $67,973. Furthermore, the average salary range is between $48,000 and $96,000, with the upper end being offered in cities like New York, Ashburn, and Washington, DC. 

The senior compliance analyst salaries mostly depend on the industry and organization. Heavily-regulated industries tend to pay more because they require more work experience, knowledge, and better qualifications. Other companies may consider the job as an entry-level job compared to other compliance professionals. Smaller companies may pay less but have more responsibilities. In any case, the overall salary and compensation package depends on the industry, organization, and overall job duties. 

The senior compliance analyst job is a mid-level job in most organizations. You need appropriate experience in different compliance fields, and prior experience as a compliance analyst certainly helps. It’s also advisable to have experience in auditing, accounting, and legal fields. 

Other than that, you should have extremely strong research and analysis skills. It’s crucial because you need to find and extract relevant information on new and existing laws and regulations according to the organization’s needs. That requires massive amounts of reading, skimming, and going over various sources of information. 

It’s best to keep good relationships with fellow compliance professionals, regulators, regulatory bodies, and regulatory agencies. 

In any case, having a clear career path will lead you to become a senior compliance analyst. 

Becoming a Great Senior Compliance Analyst 

Becoming a great senior compliance analyst is about getting relevant work experience in your industry. It’s advisable to choose one industry and stick with it, especially if you need to get industry-specific certifications. 

You should sign up with various compliance newsletters and publications to get the latest updates on all compliance-related news. It’s also best to get some experience in auditing, accounting, and legal work to have a better understanding of compliance management. 

More importantly, it’s important to keep good relations with other compliance professionals and assist them in their duties at times. 

Most importantly, avoid all conflicts of interest and work in the interest of both the law and the company.

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Career Path Job Descriptions

What Does a Chief Ethics and Compliance Officer Do?

Companies today regularly face corporate ethics and regulatory compliance matters while expanding operations. In light of that, they need a compliance program and an ethics program, and someone to help develop and oversee both. That’s where the chief ethics and compliance officer job description comes in.

In case you’re interested in a career as a chief ethics and compliance officer and want to know what they do, keep reading.

In this article, I’ll give a complete breakdown of the chief ethics and compliance officer job role and its prerequisites.

Let’s get started.  

Chief Ethics and Compliance Officer [Job Overview]

Simply put, a Chief Ethics and Compliance Officer (CECO) develops and maintains ethical and compliance standards that companies follow whenever expanding operations, recruiting, acquiring further assets, etc. 

They lead the ‘s corporate compliance efforts, analyze and implement all applicable laws pertaining to business operations, and directly address various compliance issues.

On the ethics side, they ensure proper -wide code of conduct, develop equal opportunity hiring strategies, and implement user experience enhancements for employees.

CECOs are part of the executive management and report directly to the chief executive officer or vice president. 

Responsibilities of a Chief Ethics and Compliance Officer

The CECO role may come with a multitude of responsibilities, depending on the host . 

However, there are some basic responsibilities that every chief ethics and compliance officer has to perform. 

Here are some of the job roles of a chief ethics and compliance officer in 2021.

1. Ethical Culture Development

Most modern companies operate on progressive cultures that are reflected in every aspect of their business operations and activities.

 The chief ethics and compliance is responsible for devising and then putting together the building blocks of such a culture. 

This includes:

  • Working with human resources and analyzing ethics best practices for the entire
  • Meeting with various teams and training them on ethical best practices 
  • Providing ethics and compliance training to the executive team and senior management
  • Developing a progressive training program for all incoming employees
  • Continuing ethical oversight of all -related operations

Additionally, CECOs are responsible for researching corporate ethics and administering disciplinary measures on ethical violations. 

2. Compliance Audit and Monitoring

Compliance audits are a series of inspections that ensure there are no instances of legal/regulatory noncompliance. 

A chief ethics and compliance officer is responsible for coming up with ideal audit strategies for their while considering the compliance requirements applicable to it. 

Their basic responsibilities are:

  • Creating compliance audit plans with legal representatives and general counsel 
  • Developing compliance benchmarks for long and short-term audit plans
  • Collaborating with the CCO and management teams to enact compliance functions 
  • Generating compliance audit reports and forwarding them to external regulatory bodies
  • Monitoring and maintaining the -wide state of compliance

Furthermore, CECOs assist outside (, state, and federal) regulators in performing external audits.

3. Risk Program Development

Aside from maintaining ethical and legal compliance, CECOs are responsible for creating and implementing risk management programs.

In addition to that, they provide oversight for legal teams while the latter implement risk plans, as well as maintain communication between the board of directors, major stakeholders, and employees.

This role includes:

  • Performing risk assessments with in-house legal teams and counsel
  • Functioning as the primary point person for all compliance risk management activities
  • Collaborating with general counsel to assess legal risk before each new venture
  • Creating custom risk-management programs for the over extended periods
  • Assisting leadership in making calculated and compliant decisions

CECOs also ensure that every merger, transaction, acquisition, and operations shift gets passed after their assessment and approval. 

4. Organizational Ethics Management

Ethics and compliance officers are the first line of defense against any human resource issues arising within the employee ranks or with regards to external parties. 

Additionally, they also develop the ethical outreach and community involvement programs that the takes part in. 

In this capacity, CECOs are responsible for:

  • Analyzing the specific needs of the community that subscribes to or surrounds the  
  • Develop incentive programs for the community and employees
  • Provide ethical management training to managers and staff that are reaching out to the community
  • Add values between the organizational culture and organizational outreach framework
  • Work with the department to successfully develop community members into viable candidates for positions

In some companies, the chief ethics and compliance officers may have a more strategy-centric role, while some companies may require them to be directly involved in ethical management.

5. Operational Process Assessment

Regulatory compliance applies to all operations, expansion efforts, employees, assets, and leadership. The CECO is the point person for all matters related to compliance oversight.

In this capacity, the chief ethics and compliance officer is responsible for going through all the current operations and making sure that they are up to , state, and federal regulatory codes.

In light of this, CECOs:

  • Develop working lists of all on and off-site operations and organizational processes
  • Cross-reference those procedures with regulatory requirements to ensure everything is performed in a compliant manner
  • Ensure that employees adhere to internal policies
  • Maintain ethics and compliance standards according to the function and role of each department.
  • Coordinate with regulators to implement all new regulatory requirements across the board.

This is one of the responsibilities for which companies can hire consultants. However, bigger companies will almost always have an in-house professional for this role.

Qualifications for a Chief Ethics and Compliance Officer

Generally, CECOs have either a Bachelor’s degree with extensive experience or a Master’s with brief mandatory experience.

Nevertheless, the requisite qualifications for CECOs are:

  • Master’s degree in business administration (with a focus on corporate ethics and compliance)
  • Bachelor’s degree in a legal, business administration, human resources, or program management capacity
  • 7-8 years of experience with at least 3 years of corporate compliance investigation and fraud examination experience
  • Extensive practical experience in a private or public sector apprenticeship

Candidates with a GED or high-school diploma (United States-specific) can also gain some experience in this capacity by applying for a junior administrator position in a smaller while studying for a Bachelor’s.

Additionally, candidates looking to work in a government area such as health  and economics should pursue courses specific to those areas. 

Skills Required for a Chief Ethics and Compliance Officer

Aside from the obvious theoretical and practical knowledge, senior ethics and compliance officers need to have a set of general skills in order to succeed in their position.

These skills include:

  • Efficient Problem-Solving: A successful CECO is able to look at a complex compliance issue and immediately come up with a solution based on their regulatory experience and subject matter knowledge.
  • Extensive Industry Expertise: The chief ethics and compliance officer should have considerable experience in administering compliance measures either in the private or government sector.
  • Excellent Communication Skills: Good communication is the basis for ethics and compliance management. A CECO should always be able to communicate legal issues to all parties involved and ensure ethical knowledge delivery throughout the . 
  • Project Management: Some companies may require a chief ethics and compliance officer to develop extensive compliance plans. This calls for effective project management and multitasking skills on the part of the CECO.

In addition to this, the ethics and compliance officer should be empathetic towards all employees, irrespective of caste, creed, color, sexual orientation, and/or social status. 

How to Become a Chief Ethics and Compliance Officer in 2021 and Beyond

It’s no secret that learning has diversified to a great degree and high-level positions such as that of a CECO are coming with a greater variety of responsibilities.

This called for a variety of skills which can only be achieved by taking online courses in subjects and practical applications related to the CECO position.

These online courses deliver learning that candidates will rarely get while at a university.

On top of that, they prepare prospective chief compliance and ethics officers for the challenges of a more ethically demanding corporate environment in the future. 

Final Thoughts

Ethics and smart ethical management are more important now than ever. That said, one can’t deny the importance of maintaining strict compliance either. 

Anyone who wishes to manage both at a needs to understand both concepts to the nth degree before applying for the position. 

In conclusion, it pays to have a diversified set of skills related to ethics and compliance when you’re looking to make a career out of it.

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Career Path Job Descriptions

What Does a Deputy General Counsel Do?

Government agencies and private corporations alike require legal oversight to stay on the right side of the law. That’s why every large organization needs a general counsel. And in their absence, a deputy general counsel takes the reigns.

A deputy general counsel has pretty much the same responsibilities as a general counsel – the only way they differ is in terms of the authority they have over their department and decisions.

In this article, we’ll break down the job description of a typical deputy in-house counsel, review general counsel compensation, and lay down a career roadmap for young attorneys.

Let’s get started.

Who is a Deputy General Counsel?

A deputy general counsel is a senior attorney who offers their legal services to a company as a full-time, part-time, or contractual employee. In an internal legal department, they are second only to the main general counsel /chief legal officer, and act as their backup.

A deputy general counsel works with the general counsel and the rest of the legal team to ensure that their organization complies with the law, guide corporate governance, provide legal representation when needed, and anything else that falls in their domain.

Deputy general counsel reports directly to the chief general counsel (or the CEO, when the GC is unavailable), and is responsible for supervising the assistant general counsel, associate general counsel, and the rest of the legal team. In that sense, you can think of them as the vice presidents of their department.

Why is a Deputy General Counsel Needed?

Not every organization has a deputy general counsel.

This begs the question – why does this job title exist anyway?

Here are two broad reasons why an organization might need a deputy general counsel for their office of general counsel:

  • Assisting the CLO – in an organization where the chief legal counsel has their fingers in many pies, the deputy general counsel assumes some of the responsibilities to make things easier for the general counsel. In other words, they act as the right hands of the general counsels.
  • Offering Additional Legal Expertise – in certain organizations where advice on legal issues is always needed (such as the US Department of Justice), having an extra senior-level attorney in the management team can be really helpful.

At the end of the day, titles vary. Some companies have senior associate general counsels instead of a deputy GC, whereas others have both, in which case, the latter has more authority.

Typical Duties and Responsibilities of a Deputy General Counsel

The exact duties of a deputy general counsel are not the same across all companies.

However, there are certain areas that are considered universal to some extent within the United States.

This is what most deputy GCs do:

 

  • Provide Legal Advice to Their Employer

 

The most basic responsibility shared by in-house attorneys of all levels in any organization is to provide expert advice on various legal matters to the senior management.

The deputy general counsel, as the second most-senior attorney, is consulted by the management to ensure that the organization complies with the law. 

These could include different state, federal, and international laws addressing areas such as equal opportunity, employee/customer privacy, copyright infringement, etc.

Furthermore, the deputy general counsel also oversees the legal research process. This entails supervising paralegals/clerks (if available) to make sure that they stay on top of any developments taking place in statutes and regulations.

 

  • Developing and Implementing Policies

 

Providing legal consultancy is the easy part – especially for a deputy general counsel who has spent close to a decade (or even more) doing legal work.

The challenging bit is to establish, implement, and track a framework that will ensure corporate compliance with the law.

This mainly includes working with the chief GC, board of directors, and the human resources creating and imposing internal policies that promote compliant behavior throughout the organization.

Of course, not every deputy general counsel may be required to create policies from scratch whenever they join a new company, given that there are policies already in place. However, they still need to carefully assess the existing legal landscape and tweak existing policies if needed.

 

  • Handle Litigation for the Company

 

Another major responsibility of the deputy general counsel is to oversee and manage litigation for the organization.

As the company’s senior attorney, it is their duty to protect the interests of their organization, such as their intellectual property, right to manufacture something, etc. This involves providing legal representation to the company both when prosecuting and defending. 

The company may also seek the legal services of an outside counsel, but usually, the deputy general counsel, together with the in-house general counsel, handle lawsuits.

Not every company will handle lawsuits every day. But whenever they do, the deputy general counsel supervises everything and reports to the general counsel.

 

  • Oversee Business Transactions

 

From time to time, large businesses and government departments sign deals with huge implications for their future.

These include deals like the acquisition of new real-estate, business mergers between two companies, right to manufacture and/or sell a product, etc.

Since such deals are so important, the deputy general counsel oversees them to ensure everything is alright.

This entails negotiating better terms on the behalf of their employer, drafting the contract, and advising the management, among other things. 

 

  • Manage Risk

 

Corporate law can be tricky.

One small misstep, and the organization can lose a fortune, and more importantly, all of its respect overnight.

To that end, the deputy general counsel consistently assesses the different risk areas – activities where there’s a risk of non-compliance – and comes up with plans to address said risk areas. All of this falls under the umbrella of risk management – an important part of corporate legal practice.

Of course, the deputy GC doesn’t do this alone. They have the assistance of the entire legal team at their disposal.

 

  • Lead the Legal Team in Absence of the General Counsel

 

Last but not least, the deputy general counsel is responsible for leading the in-house legal team, especially in the absence of the general counsel.

They have the authority to make large-scale decisions, such as budgeting, recruitment, strategy, etc.

Additionally, they’re also responsible for liaising with the outside counsel to ensure everything is in order.

How Much Do Deputy General Counsels Earn?

Since deputy general counsels have a huge level of responsibility on their shoulders, they are well-compensated all over the US.

Let’s look at the average general counsel salary figures collected from the following trustworthy resources:

 

  • Glassdoor – on average, deputy general counsels earn $210,859 per year. This figure is only based on 55 reports.
  • Salary.com – according to this platform, deputy general counsels, on average, earn $291,290 per year. 
  • PayScale – as per reports on PayScale, the average deputy general counsel salary is $187,597. The platform also suggests that the highest paying cities are New York, San Francisco, Washington DC, Boston, and Philadelphia.

 

Salaries tend to vary greatly, especially from city to city. This is due to the difference in the cost of living.

If you’re a recruiter, make sure to factor in everything before creating a compensation package. In case you’re a candidate going for interview, conduct thorough research before giving your potential employer a number.

How to Become a Deputy General Counsel?

All things considered, the deputy general counsel is one of the most senior level positions in any organization.

But how do you go about becoming one?

Here’s everything you need to know:

  • Get the Right Education – since all deputy general counsels are attorneys, the candidate must have a Juris Doctor (JD) degree from an accredited law school and must have passed the state bar exam.
  • Build Up Ample Experience – employers typically require the candidates to have between 5 to 10 years of experience in a law firm, government position, or any other similar position of legal practice.
  • Apply for Open Positions – finally, start applying for open deputy general counsel jobs over the internet. 

Of course, all of the above sounds a lot easier than it really is. You can’t expect to become a senior counsel overnight. But by staying consistent, having a clear goal, and keeping your eyes on the prize, you’ll get there eventually.

Ending Note

The deputy general counsel is, more or less, accountable for the performance of the legal team – especially when the general counsel isn’t available.

Hopefully, by now, you have a good understanding of what their job entails, why some organizations prefer to hire them, and what makes them so important.

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Career Path Job Descriptions

What Does an Assistant General Counsel Do?

In the United States, a lot of corporations and all government departments have in-house legal teams to provide advice, handle lawsuits, negotiate deals, and more. While the exact job titles may vary, these legal departments can have different positions, one of which is that of the assistant general counsel.

But what is the assistant general counsel responsible for?

Whether you’re a legal professional exploring jobs and researching assistant general counsel jobs, or a recruiter that’s in search of job description templates, keep reading.

In this post, we’ll discuss, in great depth, what a typical assistant general counsel does, provide a ready-to-use job description template, and share some average general council salary figures from different credible sources.

Let’s get started. 

Who is an Assistant General Counsel?

Assistant general counsel is considered a mid-level position in a legal department. They are attorneys who, together with the rest of the corporate counsel team, provide legal support to their organization (usually as full-time employees).

An assistant general counsel is mainly responsible for ensuring compliance with the law, litigation, handling legal paperwork, and providing advice on legal and regulatory issues, among other things.

Different companies have different definitions for this job title. For instance, in some companies, the assistant general counsel reports to the associate general counsel, whereas in some companies, it’s the other way around. However, in every company, the assistant general counsel is above paralegals and other entry level positions.

They may also report directly to the deputy general counsel or the chief general counsel, depending on the organization’s hierarchy.

Why an Assistant General Counsel is Needed

Not all organizations have assistant general counsels. Some companies have one-person legal departments, while a few don’t even see the need to have a formal in-house team (and only rely on outside counsel).

However, certain organizations, with a high need for legal support, require additional manpower for optimal performance, and therefore hire assistant general counsels. They help:

 

  • Assist General Counsel – the general counsel already has a lot on their plate. They can trust the assistant general counsel to take some load off their shoulders.
  • Deliver Legal Support – assistant general counsels are experienced attorneys. The upper management turns towards them to seek expert legal advice.
  • Improve Performance – lastly, assistant general counsels can have a direct impact on the business bottom line by ensuring compliance, improving the productivity of the office of general counsel, and mitigating legal risk. 

 

All things considered, finding the right person for the job can add significant value to the entire organization.

Typical Duties and Responsibilities of an Assistant General Counsel

At first glance, the general counsel job description is very similar to that of an assistant general counsel.

The only difference is in terms of the decision-making power – the general counsel/chief legal officer can directly influence the legal strategy, leads the entire team, and communicates with other department heads. However, when it comes to the core legal support, both the GC and the assistant GC have more or less the same jobs.

Again, this may vary from organization to organization.

With that out of the way, the assistant general counsel is responsible for:

 

  • Furnishing Legal Advice

 

This is the core responsibility of all mid and top-level attorneys in any in-house legal team.

Whenever the management of the organization requires legal advice on any matter (say, a game-changing strategic decision), they’ll turn towards the assistant general counsel.

In most cases, the assistant GC conducts legal research for the main GC at the top, draws up conclusions, and presents their finding to the board of directors.

Whatever the case, the end-goal is to ensure that the organization complies with different laws (such as the equal opportunity act, privacy act, etc.).

 

  • Providing Legal Representation

 

The purpose of having in-house counsel isn’t to just receive legal advice and ensure compliance. The in-house team is also expected to provide legal representation whenever needed (such as when someone files for a lawsuit or the intellectual property of the company is at stake).

Furthermore, they’re responsible for educating the employees of their organization about their legal rights, assisting them with any paperwork they need, and seeking compensation from external parties whenever needed.

While lawsuits are mostly handled by the general counsel, the assistant general counsel may be asked to step in as well. 

 

  • Engaging in Risk Management

 

Corporations and government agencies are constantly under various legal threats.

One misstep could land them in the court. The legal teams therefore take certain measures to mitigate those legal risks – a process known as risk management.

The assistant general counsel is responsible for assessing potential risks, creating strategies to avoid them, and devising corporate compliance plans for every conceivable outcome. 

 

  • Assisting the CLO with Their Tasks

 

As mentioned above, the assistant general counsel works under a chief legal officer/chief legal counsel/general counsel. 

They assist them with their day-to-day tasks, conduct research (if paralegals aren’t available), and help them create and execute legal strategies.

They also assist CLOs in preparing for lawsuits.

 

  • Overseeing and Negotiating Business Contracts

 

Every once in a while, major corporations and government agencies undergo large-scale business deals/transactions that can decide their future.

These could include the acquisition of new real-estate, procurement of certain machinery or raw material, or merger of companies, among other things.

In a typical organization, the assistant general counsel is responsible for overseeing such transactions, negotiating better deals, and drafting contracts.

 

  • Advising on Corporate Governance

 

Large businesses and government departments can have significant impacts on the environment, the economy, and strategic relations with other countries.

There are certain laws to keep them in line.

These organizations have to conduct their business in ways that comply with those laws. The systems, regulations, and structures that define all of this comes under the umbrella of corporate governance.

The assistant general counsel, together with the general counsel, oversees the corporate governance to ensure the organization doesn’t break any law.

 

  • Liaising with Outside Counsel

 

At times, the in-house general counsel isn’t able to handle all of the legal work for their organization (or don’t have the expertise to deal with unusual circumstances). In such a case, help from outside counsel is needed. 

The assistant general counsel liaises with the external counsel, provides support, and collaborates to create legal strategies.

Assistant General Counsel Job Description Template

All things considered, there’s a lot that an assistant general counsel has to deal with. 

It’s absolutely crucial that you hire the right person for the job. You can tweak the following JD template however you like and use it to create job postings on different platforms:

“We are looking for an attorney with 4+ years of experience at a reputable law firm, with experience in corporate law, to join our organization’s legal department as the Assistant General Counsel. 

As the Assistant General Counsel, you will work under the senior counsel to provide expert legal and regulatory advice to the management, assess legal risks, conduct extensive research, and ensure compliance with the law. 

The ideal candidate must have strong interpersonal skills and should be able to play well with their team members.

You will be responsible for:

  • Furnishing legal advice and educating employees about their legal rights
  • Overseeing business transactions, contracts, and agreements
  • Creating strategies to deal with risks 
  • Providing legal representation to the organization and its employees
  • Work closely with the general counsel to provide assistance with legal matters

Furthermore, you’ll be expected to perform any additional duties whenever needed. If you’re interested, apply with your resume and a cover letter explaining why you’re a perfect fit for this role.”

Assistant General Counsel Salary

The salary packages of assistant general counsels vary from location to location, and from employer to employer.

According to Glassdoor, the average salary of assistant general counsel is $152,564/year. As per the salary reports on PayScale, the average is $140,637. Meanwhile, Salary.com estimates the figure to be around $138,231.

As of now, one of the highest paying organizations for this role is Capital One Financial Corp, where an assistant general counsel can earn $183,000 per year.

As far as the locations are concerned, New York City, San Francisco, Washington DC, and Dallas are some of the highest paying cities.

Ending Note

The assistant general counsel is a vital part of the legal department and serves as the right-hand of the chief legal officer.

Considering that, hiring the wrong profile for this critical role can turn out to be expensive for your organization. 

If you’re an employer, spend some time crafting the perfect job description, get your company’s general counsel involved (if you have one right now), and reach out to candidates from different online job portals.

If you’re a candidate, brush up on your knowledge about corporate law, find out what makes a candidate successful, and search for open positions in your state.

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Career Path Culture Job Descriptions

What Is General Counsel? Definition and Examples

With so much legal information becoming available in the public domain, maintaining corporate compliance has become somewhat easier. However, there’s still the issue of correct legal decision-making at the right time, aka the legal counsel role. That brings up the question of what is general counsel, and whether the general counsel position is of any real help to modern executive teams.

Every new and established company knows that the legal department is just as important (if not more) as risk management and successful business decisions. 

The legal expertise they lend to the compliance management team helps prevent failure to comply and other serious legal risks.

If you’re wondering what a general counsel resume should look like, keep reading. In this article, I’ll describe the role of general counsel, and give some examples of the legal services they provide to senior management at companies. 

Let’s get started.  

What is General Counsel? [An Overview]

Simply put, the general counsel is in-house lawyers that provide legal guidance to companies (in the United States) for better corporate governance. 

These professionals are usually at the head of the company’s law department.

Also called Chief Legal Officers (CLOs), they act as business partners and regulators towards the company leadership. 

Generally speaking, it is a high-profile position, with some counsel working directly with business leaders and senior stakeholders (vice presidents, CEOs, CFOs, etc.). 

General Counsel Roles and Responsibilities

Depending on the size and scope of the company, as well as the individual’s skill set, the general counsel could have a multitude of responsibilities. 

They could be the sole regulatory authority within the company, or they could have an assisting role in all legal matters. 

Whether the individual is in-house counsel or outside counsel, there are some responsibilities that all chief legal officers have to undertake.

These are:

  • Legal Advice: The general counsel is the primary source of advice pertaining to all decisions and processes involving regulations and legal decisions. Corporate counsel is often called upon to provide the best course of action against legal issues.
  • Legal Affairs Management: The company’s internal lawyers ensure that all company operations are in accordance with local, state, and federal laws. They also make sure that management upholds ethical and nondiscriminatory practices. 
  • Conducting Legal Research: The management needs to make certain decisions that involve thorough research into in-effect regulations and laws. The general counsel performs this research and devises the best solutions within the legal sphere.
  • Drafting and Filing Forms: Being the primary legal authority, the general counsel is responsible for analyzing, drafting, and filings all licensing forms and various statutory filings.
  • Intellectual Property Management: The general counsel is responsible for maintaining a record of all the intellectual property belonging to the company, as well as ensuring its safe and legal usage by licensed parties only. 
  • Examining/Drafting Agreements: The head legal officers are responsible for examining any and all agreement documents between the company and other entities. They also draft the majority of these agreements, after covering all legal bases and loopholes.
  • Ensuring Compliance: Being the head of the legal team, the general counsel ensures that the company operates in accordance with all the relevant laws and regulations pertaining to human resources, employment law, and various public policies. 

Additionally, all general counsel officers liaise with external legal resources on all legal work, including acquisitions, mergers, financial transactions, and operational expansion. 

What is General Counsel: Job Examples

The legal profession has experienced an onset of diversity around the world. Lawyers can now function in various capacities and law firms have begun to offers a diverse range of services.

The same is true for anyone working as general counsel for a company or firm of any size. 

Here are some professional examples of general counsel jobs. 

  1. In-House Chief Legal Officer

In-house legal department heads are responsible for overseeing all legal proceedings and functioning in a primary strategic capacity within the company when it comes to legal matters.

​Their individual responsibilities include, but are not limited to:

  • Co-developing operational strategy with the senior management and board of directors.
  • ​Drafting all legal documents and paperwork.
  • Perform due diligence in all acquisition and expansion activities.
  • Maintain operational compliance as per all relevant laws and regulations.

Additionally, the general counsel handles all dealings with external legal counsel such as third-party litigation experts. 

  1. General HR and Legal Counsel

This branch of the legal counsel tree leans more towards the human resource aspect of company-wide jurisprudence. 

In an HR capacity, the general counsel is responsible for:

  • Managing the legal requirements of employee recruitment, onboarding, and dismissal.
  • Developing compensation policies along with HR leadership.
  • Providing technical training to HR staff on proper procedures.
  • Investigating ethical violations, conflicts of interest, fraud, etc.

Furthermore, the general counsel ensures that all employee-specific policies are developed as per the state and federal employment law. 

  1. Senior Regulatory Counsel

A large part of the general counsel’s job is maintaining regulatory compliance in all aspects of company operations. 

The regulatory counsel role expands this further and focuses on regulatory compliance, including tasks such as:

  • Implementing prevalent regulatory codes and practices.
  • Addressing the compliance requirements of specific regional and overseas territories.
  • Drafting and circulating operational codes throughout the company.
  • Monitoring all operations while keeping a record of any additional expansions.

In addition to this, regulatory counsel ensures that every new regulation is implemented in a timely manner throughout the company. 

  1. General Compliance Counsel

Similar to the regulatory counsel, the general counsel for compliance ensure complete adherence to current employment and operation laws.

Their individual responsibilities include, but are not limited to:

  • Researching current applicable laws on companies and strategize ways to operate within them.
  • Maintaining detailed records of operational procedures, recruitment, etc.
  • Addressing legal concerns of federal and state regulatory bodies.
  • Drafting and negotiating administrative rules, licenses, and nonpossessory rights (easements).

Furthermore, senior compliance officers develop company policies pertaining to proper resource usage and disposal, as per the laws within their territory. 

  1. General Counsel – Senior VP

While the general counsel role is inherently leadership-oriented, some companies enable chief legal officers to hold the position of senior vice president, with a focus on legal policies. 

This means that they will serve as company leadership, while also helping develop business strategy and defining key objectives.

In this capacity, their responsibilities can include, but are not limited to:

  • Overseeing all major and minor acquisitions and strategic developments.
  • Addressing high-level disputes between company leadership on matters related to company direction. 
  • Working with stakeholders to align company vision with legal guidelines.
  • Assist the company in overcoming hurdles related to large-scale change or transition into a new business model.  

Generally speaking, these officers operate in a similar capacity to assistant vice presidents of other departments, only with the company’s legal interests being at the forefront of their responsibilities. 

It’s important to note that these jobs are most prevalent in the United States. Furthermore, all of these are recognized by the Association of Corporate Counsel (ACC)

Becoming the Ideal General Counsel Officer

The chief legal officer is a role that’s associated with business law. 

Candidates looking to work as general counsel within a company must first take their bar exam and become bona fide legal professionals.

After that, they need at least 5 years of practical experience working in a corporate legal capacity (either as junior legal officers or assistant general counsel).

Once they have accumulated sufficient experience, candidates can apply for seniority within their host company, or apply for the position elsewhere.

Aside from the general qualifications, there are tons of accredited certifications that legal professionals can get, to better qualify for the position. 

These courses can not only broaden the candidate’s knowledge base, but they can prepare the individual for more specific job roles than any degree can. 

Final Thoughts

Becoming a member of the legal fraternity is much easier today due to the plethora of online certifications and courses you can take for extra knowledge.

This additional knowledge and expertise can help legal professionals not only get a job in corporate counsel but move up to the CLO position. 

In conclusion, it’ll be hugely beneficial for all legal officers to expand their professional horizons and instill as many diverse legal skills as they can for greater career success.

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Career Path Job Descriptions

What is a Chief Compliance Officer?

Holding a senior position within a ‘s corporate compliance department, such as the Chief Compliance Officer, can be hugely rewarding for management officers. Wondering what is a chief compliance officer and how they serve their host companies? Read on for a full breakdown. 

Corporate compliance is an important job and the CCO role has significant scope for legal and human resources professionals. 

It’s also a vital aspect of business administration, one that directly  compliance requirements and 

In this article, I’ll be explaining the role of the chief regulatory compliance and what it entails for modern companies. If you’re interested in learning via video, then watch the video below.

https://youtu.be/hiz941LiFAQ

Let’s get into it.

What is A Chief Compliance Officer? [Job Overview]

A chief compliance officer is someone who ensures that companies operate as per the laws, regulations, and guidelines set by the city and state they are in. 

Also called the Chief Risk Officers, they are directly responsible for addressing compliance issues within their host , and developing compliance programs to keep operations on the legal track. 

Some of their fundamental tasks include:

  • Coordinating with regulators and regulatory bodies for routine inspections
  • Researching all applicable laws in their territory
  • Implementing risk management measures
  • Performing -wide internal audits for compliance
  • Developing efficient risk assessment programs
  • Analyzing compliance risk before each new venture 
  • Providing compliance training to junior risk officers

Furthermore, senior compliance professionals oversee the development and renewal of all  policies to make sure they are up to code.

Chief Compliance Officer Responsibilities

As mentioned earlier, the chief compliance officer is in charge of ensuring lawful operation, recruitment, and expansion.

Their responsibilities primarily lie within the legal risk-management sphere and the majority of their career will be spent working in an administrative capacity. 

However, modern companies have to deal with an increasing of regulations. This calls for additional compliance activities, all of which fall on the CCO. 

are some of the primary responsibilities of a chief compliance officer in 2021.

  • Compliance Work Plans: Each needs a checklist of pointers that ensure a ‘s complete compliance with all prevalent regulatory requirements. The chief compliance officer collaborates with the board of directors, chief executive officer, senior management, etc. to develop such a plan with the host ‘s unique audit needs in mind. 
  • Coordination with Regulators: Government regulators need to coordinate with someone within the who understands regulatory compliance and can ascertain the ‘s compliance. The CCO coordinates with outside regulators on each new legal development and implements any required compliance functions as needed. 
  • Risk Program Oversight: The CCO is the main point person for all risk assessment and management tasks. More than that, they help plan all the risk-management programs, develop them in collaboration with the legal team, and then oversee their periodic implementation throughout the , while maintaining lines of communication between shareholders and users.
  • Compliance Training: Due to their seniority and understanding of the compliance framework within their territory, chief compliance officers create all training and development plans for incoming compliance officers. Additionally, they help train human resources personnel who are directly dealing with recruitment and dismissals.
  • Equipment and Process Assessment: Since regulatory compliance laws are applicable on all assets and operations, chief compliance officers are responsible for inspecting all equipment, machinery, and processes to check if they comply with current standards.

Additionally, CCOs are present during all strategic development sessions in order to assess and ascertain the compliance-related viability of each new measure. 

Required Skills for Chief Compliance Officers

Maintaining compliance involves observing, reporting, planning, and implementing, sometimes simultaneously. 

Any modern CCO working on either a full-time or freelance/consultancy basis needs to have some fundamental skills.

These are:

Knowledge of Regulatory Laws

Needless to say, the CCO has to always stay on top of all existing , state, and federal regulatory laws. They need to know what new operational or expansion venture would require regulatory inspection, as well as which new regulations will need to be implemented in the form of changes to the . 

Expertise in Compliance Policies

Knowing the compliance standards and policies for each applicable territory is necessary for CCOs. Even more important is being an expert in making procedures and operations comply with regulatory standards, as well as having practical experience of modern audit techniques.

Regulatory Experience

Industry experience is a major requirement for any compliance officer, let alone the head of the department. In fact, the majority of the knowledge related to compliance strategy and auditing comes from the practical experience of either implementing regulatory change in a ’s operational fabric or working with government departments that devise regulations.

Analytical Skills

Any that hired a senior compliance officer looks for project management ability, analytical skills, and a keen eye for legal developments. The more analytically sound a compliance officer is, the better they will be able to judge where a stands from a compliance point of view, and what changes to implement to make it compliant.

Organizational Skills 

Chief compliance officers need to be capable of organizing regulatory meetings and implement the required measures. this requires a significant amount of organizational skills, especially in companies with a large of assets or employees. Furthermore, they need to be able to call meetings with key stakeholders and multitask in real-time.   

Leadership Skills

The chief compliance officer is the leader of the compliance department. This means that they should have distinct leadership qualities in them in order to perform their due diligence and successfully implement even the most drastic of measures throughout the to ensure compliance. 

Soft Skills

Aside from the obvious working skills, chief compliance officers need to have a range of soft skills, including excellent communication, observation, leadership, and public speaking skills. On top of that, they should be highly observant of their professional surroundings in order to keep an eye on any practices that may not comply with set standards.

Aside from these, chief compliance officers can benefit a lot from a background in legal administration, a certification in a legal field, or some experience working in a , state, or federal administrative office.

Required Qualifications for Chief Compliance Officers

are the primary qualifications required to become a bona fide CCO:

  • High school diploma or a GED certificate
  • 4-year bachelor’s degree in a relevant field (business administration and business law being the two most prominent)
  • Master’s degree in a similar field with a focus on applied business administration
  • At least 4-5 years of experience in a regulatory compliance capacity
  • An extended apprenticeship in a position that directly leads to compliance management

It is important to note that some companies don’t require candidates to have a master’s degree for the chief compliance officer job. 

However, it’s beneficial for candidates to have as many relevant qualifications as they can, in order to shorten the time it takes them to reach their desired position. 

Additionally, the Certified Public (CPA) certification is a requirement for organizations that want a chief compliance officer for primarily financial oversight. Different companies may also have their own specific accreditation requirements.

Becoming a Chief Compliance Officer in 2021

The significance of legal and regulatory compliance has been compounded in recent years.

This is due to the increased role of technology and process automation in recent times.

Technology has eliminated the need for manual regulatory oversight, while automation has resulted in machinery and equipment that can be programmed and set up to run as per regulatory requirements. 

In light of this, it’s necessary for prospective chief compliance officers to expand their skill and qualification horizons to include more diverse certification and accreditation courses.

Courses such as the aforementioned CPA certification will provide some additional knowledge that will make compliance officers more valuable to their host companies. In addition to that, they will help potential CCOs better understand the requirements of more niche jobs, even within their professional scope.

Ending Note

2021 has been all about transformative process changes and the compliance measures being implemented everywhere reflect that to the fullest. 

In light of these changes, it makes sense for any prospective chief compliance officer to upskill themselves and diversify their operational capabilities to such a degree that they become a highly valuable candidate for whichever they apply in.