Compliance Officer Interview Questions in New York City, NY
When hiring a compliance officer, an employer will look for applicants with legal knowledge and ethical standards to ensure the company does not violate its rules and regulations. When interviewing for this position, expect to be given behavioral questions meant to determine how you would enforce the company's code of conduct and handle ethical and legal violations in the workplace.
Top Compliance Officer Interview Questions & How To Answer
Here are three top compliance officer interview questions and how to answer them:
Question #1: How would you handle a situation where an employee violated the company's code of conduct?
How to answer: Not only do interviewers want to know if you respect the company's code of ethics, but they also want to know if you have what it takes to confront, and even fire and take legal action against, an employee for their unethical or unprofessional behavior in the office.
Question #2: What is necessary to create an effective compliance program?
How to answer: Employers want to make sure you understand the laws, rules, and regulations of the industry. When asked this question, share your knowledge of the industry-relevant governing bodies.
Question #3: If a senior-level employee asked you to violate the company's code of conduct, what would you do?
How to answer: Compliance officers have to be sure all employees are following the legal requirements of the company, including senior-level executives. When asked this integrity question, ensure the interviewer that you would work with all employees, regardless of rank, to be sure they are educated about the compliance program and follow the established rules.
Provide a process improvement example. Which skill set is more important? Critical thinking, effective communication or attention to details
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Attention to detail is important because most issues would be caught.
What do you do when you have a client who does not agree with your assessment and you have to please him but also comply with the rules and regulations?
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First of all, I will ask him regarding on the practices that currently being practiced by him. I will discuss with him on the posibilities of risk that can be occurred and how he can manage and control it. If the control is adequate enough, I will highlight and report it to the Management regarding his best practices and controls. But if he cannot answer me on the controls on how to mitigate risks that we highlighted before, I will highlight to him the implications and the consiquences of my assessment/finding. Or I will put it in the report and recomend to him whether he will require to comply the procedures or change the company's procedure. Less
Have you investigated accidents?
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I had, up to 2006 when this took place, investigated numerous highway and forklift accidents, as well as personal injuries and was (still am) a Level I Accident Investigator. I investigated near-misses, minor injury incidents, and fatalities, working with various police, fire, and other related organizations. Less
You need approval for content from the head of a group but they haven't responded and they are leaving on holiday this afternoon and do not have time to approve/review the content, what would you do?
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I would ask the group head for someone s/he appoints to approve/review the content in their absence. Less
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Go meet them in person or set up a meeting
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I would ask the group head for someone s/he appoints to approve/review the content in their absence Less
A taxpayer provides you with telephone records that show 60% personal use and 40% business use. His monthly bill is $75. How much of a deduction for business use would you allow on his taxes for the entire year?
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$30 would be the amount for one month. For the entire year, it would be $360?
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$30
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$30 ($75 x .40 = $30)
Why don't you let all your newspaper staff write online articles?!
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actualy the best answer is that when articals are published on the internet, people tend to have access without paying for the information therefore the abillity to stay in business becomes very difficult Less
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I answered: "Unfortunately our website doesn't work to well so we are confined to the print version of the paper right now." Less
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I don't have a news paper staff but if I did I would have to say that the information is best given in person in order to answer any questions Less
What experience do I have with AML?
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No experience required! 200 Park Urban Campus recently promoted an entire department at the same time, regardless of tenure, knowledge or professionalism. Less
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I do not have experience with AML. However, I am a fast learner who is willing and eager to learn about AML to enhance my work performance at the job Less
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Discussed various projects at current role.
I was asked my the manager the position would report to if I was single or married, had children, lived at home with parents, and where I lived.
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Truthfully, just wasn't sure how it would have made a difference. I don't think there were bad intentions during the informal questions, thought it was inappropriate. Less
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I interviewed with the HR team 11/2019. I was asked the same questions. It seems to be their standard questions. Being a formal recruiter to an aerospace company (industry doesn’t really matter) but the questions are inappropriate and irrelevant. Sadly, if it is used to determine that is wrong practice. Looks like there needs to be compliance training for the HR/Recruiting team especially this person, I believe Magdalia or something. Less
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Thank you for your input. KBS takes pride in following all HR interviewing and hiring laws and guidelines. We promote a work environment that encourages diversity and fosters a variety of backgrounds, experiences, insights, and contributions. We deeply value our employees and are committed to creating a best-in-class workplace with competitive salaries and benefits. Less
How do you stay informed on regulatory changes?
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I subscribe to email alerts from the regulatory banking agencies (FDIC, OCC, CFPB, FRB) and from two legal firms (Scudder LawGroup and Buckey Sandler). Less
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Search the respective notificatios from the Authorities regularly
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It means the changes made or proposed to be made by the regulatory authorities including the Government and the Company Less
my current assignments and the work i am handling
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i explained about my all the assignments.
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AQl Inspection and compliance auditing in superdry india ware house
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My education qualification diploma in textile technology and MBA Marketing.in past 18yrs in garment quality field. My carrier started In fabric department.i have more interested in quality department so I have to change it.lot of buyer handling in Europe and USA . Less