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
What does Goldman do?
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Win win win no matter what
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eading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Less
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Advising Investments Financing Securities Servers
How would you advise a hedgefund manager with a large portfolio who is about to announce at a conference that a Greek exit from the euro is inevitable?
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Th
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How would you advise a hedge fund manager with a large portfolio of WHO is about to announce at a conference That a Greek exit from the euro is Inevitable? sorry sir, this time we should be able to take the euro, or else we will have a big loss in the company. to avoid the losses we have to equate with the euro, because this is the only way to save the company. thank you sir .. Less
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Given that this is a compliance interview question, not a financial analyst interview question, I would address the significant issues, laws, and regulations surrounding market manipulation. Additionally, I'd probably ask the hedge fund manager his strategy, his purpose in making the announcement, and how his portfolio would be affected if his statement were to come true. I'd address the idea of "inevitability," and probably have him back away from bold or harsh words that almost sound like he's guaranteeing the direction of the market. I'd wonder who would be in attendance at this conference and what regulations are involved with a portfolio manager making a public appearance. I'd address any disclosures that would need to be made in conjunction with the public appearance. Less
What does the risk team do? Name 2 strengths and 2 weaknesses you have. Name some interests and how you pursue them.
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hey have you had a reply after the personality questionnaire yet?
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Yeah, good point. Don't suppose you've heard anything yet have you? No one I know seems to have done Less
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Have you been invited to AC yet?
Why Square, Behavioral Questions, Information about your background and experience.
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Thanks - appreciate you responding! Ha ha :)
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Same thing happened to me, as well. I followed up several times but no reply. I wanted to send them a strongly worded email, telling them how much of my time they wasted but it would do no good, so I didn't. Less
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Same thing happened to me - did you ever hear back?
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)
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
Why don't you micro manage?
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As this question was building up I could feel the tension in the room completely change, had I taken the role I would have had to deal with a power seeking Director, glad I didn't Less
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Hi, I'm the person who got offered this position just before the date of your post. I was never asked this question, nor did I ever sense any tension in any of my interviews. I'm still at WeSwap over a year later and have nothing but positive things to say about my Direct Manager. At no point in time have I ever been even remotely micro managed by him. Less
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Hi, hey look, sometimes they work out and sometimes they don't, this clearly wasn't for me and I am sure glad it didn't work out, I am now in a more senior role with an amazing organisation. Good luck ;-) Less
Wanted to know about my industrial safety background.
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Not a felon. That was the bad part, they would only say something on your background. Nothing specific, even when I tried to press them. My passport was already in Houston to have my work permit attached last time. Less
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I hope you did not resign from your position & lost it.
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Are you a felon? Why did they withdraw the offer?