A compliance manager, also known as a compliance officer, is responsible, among other things, for ensuring that a company's compliance policies, rules and procedures meet legal, regulatory and ethical standards. The compliance manager’s responsibilities include conducting regular audits, analysing internal company risks, implementing corporate guidelines and suitable monitoring systems.
The tasks and results are often closely coordinated with management and the works council, which is why compliance managers tend to belong to top management. It is very important to be aware of relevant national and international laws, guidelines and regulations and to take appropriate measures.
The main objective is to identify risks early to prevent damage to the company’s assets and image. The introduction and organisation of an effective compliance management system can help with carrying out and documenting the work effectively. Furthermore, it is very import to educate and train employees effectively and thus ensure that the entire company develops a culture of compliance.