Compliance Resource Guide
This career guide provides examples of resources and opportunities for law students and graduates pursuing careers in compliance. Please contact the CSO with any additional resources to supplement this compilation.
What is Compliance and Why the Buzz?
Regulatory compliance is an organization’s adherence to laws and regulations relevant to its business. Violations of compliance regulations often result in legal penalties including federal fines. Examples of specific types of compliance include healthcare compliance, financial compliance, securities compliance, tax compliance, college athletic compliance, global compliance, Foreign Corrupt Practices Act (FCPA) compliance, and HR compliance. New laws and regulations, globalization of business, and vigorous government enforcement have created a boom in compliance positions. There is tremendous potential for growth in this area, as there is a great need for compliance professionals. An increasing number of compliance officers have law degrees. Compliance attorneys typically write policies, monitor controls, review and analyze new regulations, respond to regulatory inquiries in writing, and provide guidance to business units.
Compliance Industries & Hot Topics
Healthcare: Compliance positions are available in hospitals, other healthcare provider organizations, HMOs, pharmaceutical companies, medical device companies, trade and professional associations, accreditation agencies, therapy centers, and consulting firms. Issues include risk management, data security, audits, research compliance, ethical leadership, cyber security, HIPAA and patient privacy, HITECH and the Omnibus Rule, vendor relations, Medicare compliance, conflicts of interest, and patient rights.
Corporate/Financial Services/HR: Compliance positions are available within small, mid-size and large corporations, banks, management consulting firms, accounting firms, insurance companies (e.g., Beasley Group), global trading firms, industry trade associations, wealth management firms, brokerage firms, investment firms, hedge funds, and other types of financial institutions. Issues include anti-money laundering (AML), cybersecurity, data privacy, GDPR, data breach, Dodd-Frank, corporate governance, ethics, blockchain, FCPA enforcement actions, utilities and energy compliance, due diligence, anti-corruption programs, and HR compliance (including risk assessment and management, employee benefits compliance, reporting and investigating company policy violations, and whistleblower reporting).
Higher Education: Compliance positions are available within colleges, universities, higher education associations, and research organizations. Drexel University has a Corporate Compliance and Privacy Office, and the current Executive Director of the office has a JD. Issues include Title IX compliance (responding to claims of sexual harassment/misconduct), Clery Act, accreditation, NCAA compliance, governance, environmental health and safety, discrimination and affirmative action, copyright and fair use, Higher Education Act – financial assistance and required disclosures, immigration/international students, privacy of student records, disability accommodations, campus safety, and technology transfer.
Public Sector Compliance: Government compliance officers are typically responsible for writing regulations, monitoring compliance of regulated entities, conducting investigations, and leading enforcement efforts. Job titles include Wage and Hour Investigator, Equal Opportunity Investigator, Compliance Officer, Securities Compliance Examiner, HIPAA Compliance Officer, Compliance Intelligence Analyst, and Environmental Compliance Officer. In USAJOBS.gov, these positions can be found within the 1800 Occupational Series for federal agencies – “Inspection, Investigation, Enforcement and Compliance Group.” Compliance work is also handled in the inspector general offices of local, state and federal agencies.
Tips for Breaking into Compliance
Career Paths/Sample Job Titles (job titles below are helpful for key-word search on Symplicity, Indeed, Linkedin, and other job sites) – more comprehensive list in “Careers in Compliance, JDs Wanted” by Richard L. Hermann (2017).
Professional Associations & Networking Organizations
*Many of the sites below include job boards and information on membership, training, professional certification programs, and conferences.
· Health Care Compliance Association (HCCA)
· International Association of Privacy Professionals
o https://iapp.org/ (offers CIPP certification, often obtained by health care compliance professionals)
· Society of Corporate Compliance and Ethics (SCCE)
· New York City Bar Association, Compliance Committee
· Association of Certified Financial Crime Specialists
o https://careers.acfcs.org/ (financial crimes job board across multiple industries)
· Joint Commission (accredits and certifies around 20,000 U.S. healthcare organizations and programs):
· Health Ethics Trust
· American Society for Healthcare Risk Management
· National Society of Compliance Professionals (NSCP)
· National Health Care Anti-Fraud Association (NHCAA)
· International Association of Risk and Compliance Professionals (IARCP)
· Association of Certified Anti-Money Laundering Specialists (AML and financial crime detection and prevention professionals)
· Ethics & Compliance Initiative (ECI) Job Bank
· Securities Industry and Financial Markets Association (SIFMA)
o SIFMA Compliance and Legal Society: https://www.sifma.org/for-members/societies/cl/
· American Bankers Association (ABA)
· Association of Certified Fraud Examiners (ACFE)
Additional Job Boards and Resources
· Linkedin.com and Indeed.com – use keyword “compliance”
· Compliance Crossing (job board): https://www.compliancecrossing.com/
· General Compliance Jobs: https://compliancejobs.com/
· Ethics and Compliance Officer Association (ECOA) job bank:
· Compliance Week (information on corporate governance, risk and compliance): https://www.complianceweek.com/
· Compliance Insights: https://www.corporatecomplianceinsights.com/
· eFinancial Careers: www.efinancialcareers.com
· AML Source (career center for anti-money laundering and financial crime professionals): www.amlsource.com
· Financial Crimes Jobs: www.fincrimejobs.com
· FINRA: http://www.finra.org/about/careers (internships and online courses available)
· FINRA Webinars: http://www.finra.org/industry/online-learning
· American Health Lawyers Association job bank: https://careercenter.healthlawyers.org/
· Higher Education (e.g., Title IX Compliance and University Compliance Officer Jobs):
· Dragon Jobs (Drexel University job board): https://drexel.edu/scdc/career-services/searching-for-job/dragon-jobs/
· Environmental Law, Policy and Regulation Jobs
· Aegis Compliance & Ethics/Ankura – monthly compliance webinars: http://aegis-compliance.com/compliance-roundup-webinars
· Compliance Blogs – Davis Polk’s Corporate Governance Blog
· Podcast on breaking into compliance: http://complianceandethics.org/unfair-unbalanced-with-tom-fox-roy-snell-episode-3/
· Practicing Law Institute (PLI) -- for CLE information: https://www.pli.edu/
*NOTE: There are many law school training programs, which range from one-day seminars to online certifications and LL.M. programs, as well as certificate programs administered by professional associations and other industry-specific organizations. Examples are below.
· Kline School of Law Compliance Certificate Programs: Criminal Law; Cybersecurity and Information Privacy Compliance; Financial Regulatory Compliance; Health Care Compliance; Higher Education Compliance; Human Resources Compliance; NCAA Compliance and Sports Law
· Data Privacy and GDPR Training at Drexel: The Kline School of Law has partnered with IAPP to offer in-person training and certification programs for those looking to advance their career in information privacy. The two-day courses are taught on campus by Kline Law professors Paul Flanagan and Jordan Fischer, preparing you to take the CIPP/E and CIPM certification exams.
· CIPP -- Certified Information Privacy Professional
· CIPM – Certified Information Privacy Manager
· ACAMS -- Certified Anti-Money Laundering Specialist certification (some employers look for this certification on a resume and will accept a candidate with less experience who has it; however, some graduates obtain this certification soon after graduation while working for a company):
· CFCS – Certified Financial Crime Specialist
· CRCM – Certified Regulatory Compliance Manager
o American Bankers Association offers additional certifications in AML/Fraud, Enterprise Risk, and other areas)
· Compliance Certification Board -- includes healthcare privacy compliance (CHPC), Healthcare Compliance (CHC), Healthcare Research Compliance (CHRC), and more.
· CFE -- Certified Fraud Examiner certificate for work in compliance, risk management, investigations, and governance.
· Cannon Financial certification program
· LORMAN -- offers compliance programs in a wide variety of areas and in multiple formats
· OSHA Compliance Certificate – National Safety Council
· Regulatory Affairs Certificates (pharmaceuticals and medical devices)
· HR Certification Institute
· CRCMP – Certified Risk and Compliance Management Professional
· FINRA Compliance Boot Camp: http://www.finra.org/industry/compliance-boot-camp
· CHFCE -- Certified Hedge Fund Compliance Expert
· Environmental and Quality Certification Programs – ABS Consulting (e.g., Clean Air Compliance Specialist)
· Certified Securities Compliance Professional
Contact the CSO if you need assistance with:
➢ Learning if compliance work is the right fit for you!
➢ Developing a compliance-specific resume.
➢ Connecting with alumni in compliance positions.
JOB SEARCHING TIP: CHECK COMPANY WEBSITES! Many large corporations and banks use HR portals for job postings. Students and alumni need to be proactive, find these sites, and set up job alerts. These alerts are usually good for 60-90 days and must be renewed. Create accounts on the sites of companies that post compliance/trust administration/AML/other JD Advantage positions: e.g., JP Morgan, Wells Fargo, Citi, PNC, TDBank, Goldman Sachs, Wilmington Trust, etc. It is helpful to create a job search on the sites using the keyword “law.”