Career Development for the Higher Ed Compliance Professional

Transcription

1 Career Development for the Higher Ed Compliance Professional Presented by CJ Wolf, MD, COC, CPC, CHC, CCEP, CIA Healthicity Senior Compliance Executive Disclaimer: Nothing in this presentation should be construed as legal advice nor replied upon as legal expertise. Agenda Career Outlook and Salaries Certifications, Resources and Learning Skills and Attitude Preparation 1

2 1 Career Outlook and Salaries Compliance Officer It s not Hollywood I m a compliance officer, I do everything by myself! 2

3 March 20, 2017 Explore 5 Hot Jobs for MBA Graduates 5. Compliance officer: An increasingly complicated, always-changing regulatory environment continues to boost demand for compliance officers, says Paul McDonald, senior executive director for Robert Half, which staffs workers in the finance, accounting, technology, legal, creative and administrative professions. Compliance officers place at No. 16 among U.S. News' business jobs rankings. These professionals can find employment in a wide swath of fields, from health care to telecommunications and finance. For example, compliance officers in the pharmaceutical field are experts in dealing with the Food and Drug Administration. For compliance officers, "the future looks bright," McDonald says. Higher Education Salary (SCCE) $200,000 $180,000 Total Compensation CCO $174,750 $160,000 $140,000 $140,304 $133,500 $120,000 $100,000 $102,675 $80,000 $60,000 $40,000 $20,000 $0 Average Median 25th Percentile 75th Percentile Source: SCCE s 2015 Salary Survey n=44 Higher Education Salary (SCCE) $120,000 $100,000 $80,000 Total Compensation Director $98,733 $99,200 $80,850 $112,750 $60,000 $40,000 $20,000 $0 Average Median 25th Percentile 75th Percentile Source: SCCE s 2015 Salary Survey n=6 3

4 Higher Education Salary (SCCE) $120,000 Total Compensation "Manager" $100,000 $82,380 $88,500 $95,750 $80,000 $64,000 $60,000 $40,000 $20,000 $0 Average Median 25th Percentile 75th Percentile Source: SCCE s 2015 Salary Survey n=15 Higher Education Salary (SCCE) $80,000 $70,000 $60,000 $50,000 Total Compensation "Assistant/Specialist" $68,500 $61,258 $59,375 $51,950 $40,000 $30,000 $20,000 $10,000 $0 Average Median 25th Percentile 75th Percentile Source: SCCE s 2015 Salary Survey n=22 4

5 Sample Job Postings Compliance & Ethics Officer Executive Director of Internal Controls and Management Analysis Athletics Integrity Officer Associate Vice President and Chief Information Security Officer Investigations Program Manager Program Director, Accountability and Compliance Education and Outreach Associate Director, Privacy Sample Job Postings Research Compliance Officer Faculty Consulting Program Analyst Senior Internal Auditor Director, Conflict of Interest Office Senior Vice President, Chief Compliance & Audit Officer Associate Director of Privacy Ethics Officer Manager of Policy Development Manager of Compliance Training and Monitoring Review of Requirements in Job Postings 29 job postings in higher education (Feb-May, 2017) Range of bachelors to advanced (JD, PhD, etc.) Most preferred Masters and above Years experience (range 1-10); Average 5.24 years Certifications mentioned: CPA (4) CFF (1) CIA (3) CPC (1) Privacy (2) CHPC (1) CCEP (2) CIPP (1) CHC (3) CGMA (1) Compliance (1) 5

6 Internships 2Certifications, Resources and Learning Compliance Certification Board 6

7 Higher Education Programs programs.aspx SCCE--Conference Handouts IIA 7

8 The Case for Compliance The Case for Compliance Programs: The Legal and Policy Mandates NACUA CLE Program, November John Hansen, Christopher Myers, Bart Schwartz. NACUA and Higher Ed Compliance Alliance EDUCAUSE 8

9 3Skills and Attitude Preparation Skills Ability to exhibit a high degree of political acumen, instill trust, and secure confidence of individuals at all levels of University management and funding agency organizational structure. Demonstrated ability to consider forward-thinking issues at a policy level and formulate, implement, and manage creative recommendations/solutions. Skills Proven strong/dynamic interpersonal, including written and oral communication skills necessary to effectively interact with all levels of a multi-cultural and diverse environment, including senior management, academics, research, and administrative groups/individuals Extensive experience in regulatory and statutory interpretation, demonstrated ability in monitoring applicable regulatory and statutory standards, and policy analysis. 9

10 Skills Convene systemwide compliance committees to review current compliance standards, practices and education and training materials. They will recommend best practices and advise senior management on controversial situations, customer negotiations, or influencing and persuading other senior level leaders, and aid all locations in their compliance efforts. Skills Demonstrated ability to work as a leader in a collaborative environment, to exercise good judgment, and to bring about consensus on sensitive and politicallycharged issues among groups processing diverse opinions and research requirements. Skills ability to independently manage multiple concurrent projects, collaboration with external audit firms as required, strong written and verbal communication skills, leadership ability and extensive relationship building at the University and within the industry. Design a detailed audit program, conduct interviews, document and analyze processes and apply critical thinking to evaluate risks and controls, and assess compliance with external regulations and University policies. 10

11 Skills communicate directly with the Board and the Committee on Audit regarding all elements of meaningful compliance and audit programs, including providing annual reports on compliance with applicable laws, regulations and University policies. SCCE/HCCA Survey SCCE/HCCA Survey 11

12 Pros and Cons compliance officer best ebrief being compliance officer What s unique about what you bring to the compliance table? Compliance background from a different industry? Clinical background? IT or Technical background? Legal background? Finance or Accounting background? Athletics compliance background? Law enforcement background? Ethics background? Others? Questions? cj.wolf@healthicity.com 12