Compliance officer Interview Questions
When hiring a compliance officer, an employer will look for applicants with legal knowledge and ethical standards to ensure that the company does not violate its rules and regulations. When interviewing for this position, expect to be given behavioural questions that are designed 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 tips on how to answer them:
Question No. 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 whether you respect the company's code of ethics, but they also want to know whether you have what it takes to confront, and even fire and take legal action against, an employee for their unethical or unprofessional behaviour in the office.
Question No. 2: What is necessary to create an effective compliance programme?
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 No. 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 make sure that all employees are following the legal requirements of the company, including senior-level executives. When asked this integrity question, assure the interviewer that you would work with all employees, regardless of rank, to make sure that they are educated about the compliance programme and follow the established rules.
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?
3 Answers↳
$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?
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
3 Answers↳
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
They asked me about my previous experience
4 Answers
first take a EQ test then essay then translate the statement from english to chinese and chinese to english. easy and smooth
2 Answers↳
what type of statement?
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follow my heart
How do you handle a taxpayer tht will not stop crying?
2 Answers↳
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.
Why are you here?
2 Answers↳
This was the initial question and I was unsure if this was just to through me off. However, I just answered and explained how I found the job and what aspects made me apply. Less
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I m pursuing Mba from Gbsrc of management studies and want to do summer internship from your bank. please give me an opportunity to prove myself. Less
