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.
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
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.
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
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
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$30 ($75 x .40 = $30)
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$30 would be the amount for one month. For the entire year, it would be $360?
first take a EQ test then essay then translate the statement from english to chinese and chinese to english. easy and smooth
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what type of statement?
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follow my heart
How do you handle a taxpayer tht will not stop crying?
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From the online assessments, it said that it was important to minimize the number of appointments with the tax payer to make sure you can get through your case load and also to make sure it is still convenient. So rescheduling would likely not be a good answer. I think empathizing with the tax payer (without over sympathizing), maybe giving them a few minutes to collect themselves, and letting them know that there are payment options would be a good solution. Less
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Reschedule the appointment.
Unexpected Q: name of the current head of the regulatory govt agency.
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That I did not know.
Solve a tax math question and tell us how u got to that answer about how much deduction a taxpayer is allowed per the information given
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Hard hard hard
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Same here