JOB PROFILE
What Is a Governance and Compliance Specialist?
IN THIS JOB PROFILE
You Will Learn.
- What a Governance and Compliance Specialist is.
- What the responsibilities of a Governance and Compliance Specialist are.
- What qualifications a Governance and Compliance Specialist needs.
- What skills a Governance and Compliance Specialist needs.
- Who employs a Governance and Compliance Specialist.
- The average salary of a Governance and Compliance Specialist.
- Where the latest Governance and Compliance Specialist jobs are and how to apply for them.
What Is a Governance and Compliance Specialist?
A Governance and Compliance Specialist within a Project Management Office (PMO) is responsible for ensuring that projects adhere to organisational policies, standards, and regulatory requirements.
They play a vital role in establishing governance frameworks, project methodologies, and compliance guidelines. This involves developing and implementing project management processes, conducting audits, and providing guidance to project managers and teams on compliance matters.
A Governance and Compliance Specialist helps to maintain project transparency, manage risks, and ensure project success by aligning project activities with established governance practices and ensuring adherence to relevant legal and regulatory obligations.
What Are the Responsibilities of a Governance and Compliance Specialist?
While working as a Governance and Compliance Specialist, you will be required to:
- Develop and implement governance frameworks.
- Create project methodologies and compliance guidelines.
- Ensure projects adhere to organisational policies and standards.
- Monitor regulatory requirements and ensure compliance.
- Conduct audits and reviews to assess project compliance.
- Provide guidance to project managers and teams on compliance matters.
- Liaise with legal teams to address compliance issues.
- Manage risk and identify potential compliance gaps.
- Ensure project transparency and reporting on compliance status.
- Assist in the development of project documentation.
- Collaborate with stakeholders to achieve compliance objectives.
- Participate in governance committees and meetings.
- Keep up-to-date with industry regulations and best practices.
- Implement corrective actions to resolve compliance issues.
- Contribute to continuous improvement efforts within the PMO.
Frequently Asked Questions
What Qualifications Do Governance and Compliance Specialists Need?
A Governance and Compliance Specialist within a Project Management Office (PMO) typically needs a combination of education, certifications, and experience.
A bachelor's degree in a relevant field such as business management, project management, or law is often preferred.
Professional certifications related to governance, risk management, and compliance, such as CRISC, CISA, or ISO 27001, are highly valued and demonstrate expertise in the field.
Practical experience in project management, risk assessment, and compliance management is also essential.
What Is the Average Salary of a Governance and Compliance Specialist?
The average salary for a Governance and Compliance Specialist in the UK can range from around £40,000 to £60,000 or more per year.
However, this can vary depending on the industry's regulatory requirements, the complexity of compliance responsibilities, and the level of seniority of the position.
Who Employs a Governance and Compliance Specialist?
Governance and Compliance Specialists within a Project Management Office (PMO) are employed by a variety of organisations and industries.
They can be found in large corporations, local authorities, financial institutions, healthcare organisations, IT companies, and consulting firms. A
Organisations which handle complex projects and require strict adherence to regulatory and compliance standards often establish PMOs with dedicated Governance and Compliance Specialists.
These professionals play a critical role in ensuring projects meet governance requirements, adhere to industry regulations, and maintain organisational standards. Their expertise contributes to effective risk management and legal compliance within the project management framework.
What Skills Does a Governance and Compliance Specialist Need?
Key skills of a Governance and Compliance Specialist include:
- Regulatory understanding of relevant laws, industry standards, and compliance requirements.
- Familiarity with governance principles and best practices.
- Skill in managing and monitoring compliance requirements for projects.
- Ability to identify and interpret legal and regulatory obligations.
- Analysing project-related risks and their potential impact on compliance.
- Implementing measures to mitigate compliance risks effectively.
- Conducting audits and reviews to assess project compliance status.
- Identifying areas for improvement and taking corrective actions.
- Proficiency in creating and maintaining project documentation related to compliance.
- Generating compliance reports and status updates for stakeholders.
- Effective communication with project teams, stakeholders, and legal entities.
- Collaborating with cross-functional teams to ensure compliance.
- Analysing data and performance metrics to assess compliance levels.
- Identifying patterns or trends that require attention.
- Addressing compliance issues and finding practical solutions.
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