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.
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 ($75 x .40 = $30)
$30 would be the amount for one month. For the entire year, it would be $360?
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
Reschedule the appointment.
As per their philosophy Revolut has on top of his priority always the AML and Compliance improvement and this is what the hiring questions were concentrate.2 Answers
This is not a question. This is a statement that makes little sense, much like your review. Appreciate your interview arrangements (organising a call and a in person interview) were ‘simply perfect’ but it does not describe the interview nor is it difficult to not waste peoples time. Less
This is a fraudulent review to combat the negative reviews.
Do you always think you are right?1 Answers
No, not at all. If there has to be a call made and I have expertise in the area and I can solidly present my case and it's my responsibility to make the call then I'm willing to do that, however I am always willing and ready to listen to what others have to say...it's the only way you can learn Less