Compliance Coordinator

Industry:
Sports
Last Updated:
September 19, 2023

Job Description Overview

A Compliance Coordinator job description in the sports industry involves working with various departments and teams to ensure they comply with legal and ethical standards. This role is vital in maintaining the integrity of sports organizations and keeping them on the right side of the law. A Compliance Coordinator will typically report to a Compliance Manager and help implement policies and procedures that meet industry regulations and standards. They will also have to stay up to date on any changes in regulations that may affect the organization. Tasks may include reviewing contracts, monitoring athletes' eligibility, and ensuring that marketing and advertising campaigns comply with industry standards. The ideal candidate for this job should possess excellent communication and organizational skills, have a strong attention to detail and possess a background in sports management, business administration, or a related field. Overall, this job requires excellent judgment, discretion, and the ability to work independently while adhering to established policies and protocols.

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Job Duties and Responsibilities

  • Ensuring that all athletes and coaches follow the rules and regulations set forth by governing bodies and organizations.
  • Developing and implementing policies and procedures to ensure compliance with local, state, and federal laws.
  • Collaborating with legal and compliance teams to identify risks and potential compliance issues.
  • Conducting training sessions for employees and stakeholders to improve awareness and understanding of compliance issues.
  • Maintaining accurate records of compliance activities and investigations.
  • Investigating and reporting any instances of non-compliance, and taking corrective action as necessary.
  • Staying up to date with changes in regulations and policies, and making recommendations to update policies and procedures accordingly.
  • Coordinating with other departments to ensure that compliance requirements are integrated into all business activities.
  • Providing guidance and support to management and employees on compliance issues.
  • Acting as a liaison between the organization and regulatory agencies.

Experience and Education Requirements

Being a Compliance Coordinator in the sports industry involves making sure sports teams, athletes, and their sponsors follow the rules and regulations set by organizations. This job needs at least a Bachelor's degree in Sports Management or a related field, however, some companies might require a Master's degree. Experience in legal compliance, risk management, or ethical standards are essential for this role. Strong analytical, interpersonal, and communication skills are also needed to coordinate with different departments such as legal, finance, and marketing. Being familiar with the different sports industry regulations, such as anti-doping policies and athlete eligibility requirements, is a bonus. Overall, a combination of education and experience is necessary to excel in this position.

Salary Range

Compliance Coordinator is a vital position responsible for ensuring that sports organizations are complying with legal and ethical standards. The expected salary range for a Compliance Coordinator in the United States is $40,000 to $70,000 per annum. However, salaries may vary depending on the location, size of the organization, and the candidate's experience. In the UK, the average salary for a Compliance Coordinator is around £25,000 to £40,000 per annum. In Australia, the expected salary range is A$48,000 to A$98,000 per annum. These salary ranges are based on market research and job postings from Glassdoor and Payscale.

Sources:

  • https://www.glassdoor.com/Salaries/compliance-coordinator-salary-SRCH_KO0,21.htm
  • https://www.payscale.com/research/US/Job=Compliance_Coordinator/Salary
  • https://www.reed.co.uk/salary/compliance-coordinator-salary

Career Outlook

The career outlook for a Compliance Coordinator in the sports industry seems to be pretty stable over the next 5 years. Most teams, leagues, and governing bodies in the world of sports place a significant emphasis on regulatory compliance, and there is a growing need for individuals with expertise in the field. According to the Bureau of Labor Statistics, employment of compliance officers is projected to grow 8 percent from 2019 to 2029 in all industries. This growth may be driven by an increase in regulation across industries, including sports. Furthermore, Compliance Coordinator is always in demand given the variety of rules they need to ensure everyone follows in sports. Overall, the Compliance Coordinator job seems to be a good choice for those looking for stability and growth within the sports industry.

Frequently Asked Questions (FAQ)

Q: What is a Compliance Coordinator in the Sports industry?

A: A Compliance Coordinator is responsible for ensuring that sports organizations follow regulations and rules set forth by governing bodies such as the NCAA, NFL or MLB. 

Q: What are some specific duties of a Compliance Coordinator in the Sports industry?

A: Specific duties include monitoring and reporting rule violations, educating staff and athletes on compliance regulations, and maintaining complete and accurate records of compliance. 

Q: What qualifications are needed for a Compliance Coordinator in the Sports industry?

A: Qualifications typically include a bachelor's degree in sports management or a related field, knowledge of NCAA rules and regulations, and experience in administrative coordination. 

Q: What are some challenges that a Compliance Coordinator may face in the Sports industry?

A: Some challenges include staying up to date with constantly changing rules and regulations, managing the workload of multiple sports teams, and handling sensitive information with discretion. 

Q: What are some benefits of being a Compliance Coordinator in the Sports industry?

A: Benefits may include working in a dynamic and exciting industry, feeling a sense of pride in ensuring fair play and adherence to rules, and potential for career growth within the sports industry.


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