Most commonly reported Work Activities

• Evaluating Information to Determine Compliance with Standards Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
• Getting Information Observing, receiving, and otherwise obtaining information from all relevant sources.
• Communicating with Supervisors, Peers, or Subordinates Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
• Interacting With Computers Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
• Documenting/Recording Information Entering, recording, storing, or maintaining information in written or electronic/magnetic form.
• Making Decisions and Solving Problems Analysing information and evaluating results to choose the best solution and solve problems.
• Updating and Using Relevant Knowledge Keeping up-to-date technically and applying new knowledge to your job.
• Establishing and Maintaining Interpersonal Relationships Developing constructive and cooperative working relationships with others, and maintaining them over time.
• Identifying Objects, Actions, and Events Identifying information by categorising, estimating, recognising differences or similarities, and detecting changes in circumstances or events.
• Organising, Planning, and Prioritising Work Developing specific goals and plans to prioritise, organise, and accomplish your work.

The Work

• Maintain documentation of compliance activities, such as complaints received or investigation outcomes.
• File appropriate compliance reports with regulatory agencies.
• Conduct or direct the internal investigation of compliance issues.
• Identify compliance issues that require follow-up or investigation.
• Report violations of compliance or regulatory standards to duly authorised enforcement agencies as appropriate or required.
• Disseminate written policies and procedures related to compliance activities.
• Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.
• Serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities.
• Provide employee training on compliance related topics, policies, or procedures.
• Verify that all firm and regulatory policies and procedures have been documented, implemented, and communicated.
• Compliance / Risk / AML knowledge.

Most commonly reported Work Tasks

• Report violations of compliance or regulatory standards to duly authorised enforcement agencies as appropriate or required.
• Identify compliance issues that require follow-up or investigation.
• Discuss emerging compliance issues to ensure that management and employees are informed about compliance reporting systems, policies, and practices.
• File appropriate compliance reports with regulatory agencies.
• Maintain documentation of compliance activities, such as complaints received or investigation outcomes.
• Consult with corporate attorneys as necessary to address difficult legal compliance issues.
• Conduct or direct the internal investigation of compliance issues.
• Provide employee training on compliance related topics, policies, or procedures.
• Serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities.
• Verify that all regulatory policies and procedures have been documented, implemented, and communicated.

This occupation is typically suited for people with the following Career Interests:

Administrative

Administrative people are interested in work that offers security and a sense of being part of a larger process. They may be at their most productive under supervisors who give clear guidelines and while performing routine tasks in a methodical and reliable way.

They tend to enjoy clerical and most forms of office work, where they perform essential administrative duties. They often form the backbone of large and small organisations alike. They may enjoy being in charge of office filing systems, and using computers and other office equipment to keep things running smoothly. They usually like routine work hours and prefer comfortable indoor workplaces.

Enterprising

Enterprising people like situations that involve using resources for personal or corporate economic gain. Such people may have an opportunistic frame of mind, and are drawn to commerce, trade and making deals. Some pursue sales and marketing occupations. Many will eventually end up owning their own business, or in management roles in larger organisations. They tend to be very goal-oriented and work best when focused on a target. Some have an entrepreneurial inclination.

Realist

Realists are usually interested in 'things' - such as buildings, mechanics, equipment, tools, electronics etc. Their primary focus is dealing with these - as in building, fixing, operating or designing them. Involvement in these areas leads to high manual skills, or a fine aptitude for practical design - as found in the various forms of engineering.

Realists like to find practical solutions to problems using tools, technology and skilled work. Realists usually prefer to be active in their work environment, often do most of their work alone, and enjoy taking decisive action with a minimum amount of discussion and paperwork.

The Regulatory Analyst role requires significant knowledge and experience. Many Analysts may start their careers in sales or customer service and then progress. 

The most relevant degree subjects include business, management and marketing. Although a degree may sometimes be required, experience and track record are often as important to an employer.

Training & Development Pathways

Training can also help you progress and there are both undergraduate and postgraduate courses in business and management which can support you in your career.

FET Centre Traineeship: Business & Office Admin, Supervisory Management available around Ireland at NFQ Levels 5-6 Search FET Courses

FET PLC Courses: Business Management, Sales, Marketing, Commerce, Law, Compliance & Data Management, Banking, and Accounting available around Ireland at NFQ Levels 5-6 Search FET PLC Courses

Apprenticeship: Accounting, Financial services, Insurance Apprenticeships NFQ levels 6-8 Search Apprenticeships

Higher Education CAO Entry: Business, Commerce, Law, Accounts & Finance available around Ireland at NFQ Levels 6-8 Search CAO courses

Postgraduate Study Options Business management, Law, Compliance, Governance Compliance & Data Protection in Financial Services advice NFQ level 9

Professional Organisations Training or networking events:

International Financial Services Skillnet Network 

Irish Banking & Payments federation 

Financial Services Union

Association of Compliance Officers in Ireland (ACOI)

The 30% club: Growth Through Diversity 

Last Updated: April, 2023

Salary Range (thousands per year)* €45k - €135k

Salaries vary by employer, location, duties, role, and experience.

Data Source(s):
Sigmar / CPL/ Morgan McKinley/ Collins McNicholas/ Azon

Last Updated: August, 2024

* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.

View Salary information from Indeed.ie
Note: data not aways available

This information has been derived from the Solas National Skills Bulletin (2023).

Employment levels have declined annually since 2020 for this occupation, resulting in a negative growth rate for the five-year annual average. There were a small number of employment permits issued for legal counsel across a number of sectors including ICT and the financial sector. However, the professional, scientific and technical activities sector accounts for the majority of employment in this occupation.

• FSU Financial Services Union (former IBOA)

  • Stephen Street Upper, Dublin 8, D08 DR9P
  • (0)1 4755908
  • [email protected]
  • Click Here

• Banking and Payments Federation Ireland

  • Nassau House, Nassau St. Dublin 2
  • (01) 671 5311
  • [email protected]
  • Click Here

• Citibank Europe (Ireland) plc

  • 1 North Wall Quay Dublin 1, Ireland
  • 01 622 2000
  • Click Here