A Compliance Officer’s responsibility is to make sure the company he works for follows the external regulations and its own internal guidelines that apply to its work. He or she strives to eliminate unfair business practices.
Personal Competencies
You are good at Maths
You can make people work under your directions
You are good at keeping records of your work
You are a careful and organized person
Entry Pathway
1. Complete 10 + 2 in the Commerce or Science stream (Physics, Chemistry and Biology)
2. Complete Bachelor’s degree in Business Administration/ Law/ Economics/ Finance or related field
OR
Complete a Diploma in Quality Assurance and Compliance/Corporate Laws etc.
OR
Complete a Bachelor’s degree followed by a Master’s degree in the same or related subject
3. Follow it up with a certificate course such as Compliance Training Course / Advance Certification on Indian Regulatory Practice/ Certificate and Foundation and Advanced Payroll and Compliance Management
Please check the duration of the course during enrolment
Where will you study?
This course is offered by the Department of Law. This list of institutes is indicative only
Government Institutes 1. National Law School of India University, Bangalore 2. National Law University, Delhi 3. Indian Law Society's Law College, Pune 4. National Law University Hyderabad 5. West Bengal National University of Juridical Sciences, Kolkata 6. Jamia Millia Islamia, Delhi 7. Gujarat National Law University, Gandhinagar 8. National Law University, Jodhpur
Private Institutes (Please check if Institute is affiliated and accredited with The Bar Council of India before applying) 1. Symbiosis Law School, Pune 2. Army Institute of Law, Mohali 3. School of Law, Christ University, Bangalore 4. KIIT School of Law, Bhubaneshwar 5. Amity Law School, Delhi 6. Jindal Global Law School, Sonipat 7. School of Law, University of Petroleum and University Studies, Dehradun 8. ICFAI Law School, Hyderabad
The approx. annual course fee ranges between INR 12,000 - 7,56,000*
*(The above-mentioned figures are approximate numbers. This will vary from Institute to Institute)
Scholarships & Loans
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes* • Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI* • Scholarships are also made available in institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA) • Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc. • All banks give education loans
Where will you work?
Places of Work: Banks and Financial Institutions, Financial and Investment Brokerages, Multinational Companies and Regulatory Organizations among others.
Work Environment: It is a desk job. You are not likely to handle a team. Local travel may be a part of the job role. You are likely to work for 5 to 6 days a week for 8 to 9 hours every day. This may vary from organization to organization.
Opportunities for work exist for differently abled in this field
Angel One, an Indian stockbroker firm, appointed Pravin Bathe as the Chief Legal & Compliance Officer in 2022. Earlier, Bathe worked with the Citi group as their Compliance Head for India. He has an L.L.B. from University of Mumbai, an M.A. in Economics from Savitribai Phule Pune University and a Ph.D. in Banking and Finance from the same institute.*
Compliance Officer
NCS Code: NA | BFSI201. Complete 10 + 2 in the Commerce or Science stream (Physics, Chemistry and Biology)
2. Complete Bachelor’s degree in Business Administration/ Law/ Economics/ Finance or related field
OR
Complete a Diploma in Quality Assurance and Compliance/Corporate Laws etc.
OR
Complete a Bachelor’s degree followed by a Master’s degree in the same or related subject
3. Follow it up with a certificate course such as Compliance Training Course / Advance Certification on Indian Regulatory Practice/ Certificate and Foundation and Advanced Payroll and Compliance Management
Please check the duration of the course during enrolment
This course is offered by the Department of Law.
This list of institutes is indicative only
Government Institutes
1. National Law School of India University, Bangalore
2. National Law University, Delhi
3. Indian Law Society's Law College, Pune
4. National Law University Hyderabad
5. West Bengal National University of Juridical Sciences, Kolkata
6. Jamia Millia Islamia, Delhi
7. Gujarat National Law University, Gandhinagar
8. National Law University, Jodhpur
Private Institutes
(Please check if Institute is affiliated and accredited with The Bar Council of India before applying)
1. Symbiosis Law School, Pune
2. Army Institute of Law, Mohali
3. School of Law, Christ University, Bangalore
4. KIIT School of Law, Bhubaneshwar
5. Amity Law School, Delhi
6. Jindal Global Law School, Sonipat
7. School of Law, University of Petroleum and University Studies, Dehradun
8. ICFAI Law School, Hyderabad
Information on the institute rankings can be found at - https://www.nirfindia.org/2022/Ranking.html
The approx. annual course fee ranges between INR 12,000 - 7,56,000*
*(The above-mentioned figures are approximate numbers. This will vary from Institute to Institute)
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes*
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI*
• Scholarships are also made available in institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA)
• Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans
Places of Work: Banks and Financial Institutions, Financial and Investment Brokerages, Multinational Companies and Regulatory Organizations among others.
Work Environment: It is a desk job. You are not likely to handle a team. Local travel may be a part of the job role. You are likely to work for 5 to 6 days a week for 8 to 9 hours every day. This may vary from organization to organization.
Opportunities for work exist for differently abled in this field
Junior Accountant → Accounts Executive (Statutory Compliance) → Assistant Manager → Manager → Senior Manager
OR
Compliance Analyst → Junior Compliance Officer → Senior Compliance Associate → Lead Compliance Officer → Regional Compliance Manager → Business Compliance Manager → Chief Compliance Officer → General Counsel
The approx. salary of a Compliance Officer ranges between INR 18,000- 1,60,000* or more per month.
Source: https://www.payscale.com/research/IN/Job=Compliance_Officer/Salary
*These figures are indicative and subject to change
Experts from the field
Angel One, an Indian stockbroker firm, appointed Pravin Bathe as the Chief Legal & Compliance Officer in 2022. Earlier, Bathe worked with the Citi group as their Compliance Head for India. He has an L.L.B. from University of Mumbai, an M.A. in Economics from Savitribai Phule Pune University and a Ph.D. in Banking and Finance from the same institute.*
Source: https://aninews.in/news/business/business/fintech-company-angel-one-limited-appoints-ex-citigroup-dr-pravin-bathe-as-the-chief-legal-and-compliance-officer20220308132657/
*The above information is for training purposes only and will not be used for any commercial gains
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