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Title
Text copied to clipboard!Compliance Specialist
Description
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We are looking for a meticulous and experienced Compliance Specialist to join our team. The ideal candidate will be responsible for ensuring that our organization adheres to legal standards and in-house policies. You will be responsible for enforcing regulations in all aspects and levels of business as well as providing guidance on compliance matters. The goal is to preserve the company’s integrity by making sure it stays on a lawful and ethical course. As a Compliance Specialist, you will be tasked with developing and implementing an effective legal compliance program, creating sound internal controls and monitoring adherence to them, drafting and revising company policies, and proactively auditing processes, practices, and documents to identify weaknesses. You will also be responsible for evaluating business activities to assess compliance risk, collaborating with external auditors and HR when needed, and setting plans to manage a crisis or compliance violation. The role requires a deep understanding of legal guidelines and corporate governance best practices. You should be a professional of high ethical standards and work diligently to complete your duties keeping in mind the objectives of the business. You must be comfortable saying “no” when necessary and be result-oriented. The ideal candidate will have a background in law or finance, with a thorough knowledge of the industry’s standards and regulations. Excellent communication skills and the ability to work independently are essential for this role.
Responsibilities
Text copied to clipboard!- Develop and implement an effective legal compliance program.
- Create sound internal controls and monitor adherence to them.
- Draft and revise company policies.
- Proactively audit processes, practices, and documents to identify weaknesses.
- Evaluate business activities to assess compliance risk.
- Collaborate with external auditors and HR when needed.
- Set plans to manage a crisis or compliance violation.
- Educate and train employees on regulations and industry practices.
- Address employee concerns or questions on legal compliance.
- Keep abreast of internal standards and business goals.
- Review the work of colleagues when necessary to identify compliance issues and provide advice or training.
- Prepare reports for senior management and external regulatory bodies as appropriate.
- Monitor regulatory developments within or outside of the company as well as evolving best practices in compliance control.
- Oversee and manage the compliance hotline and ensure that all complaints are investigated and resolved.
- Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.
Requirements
Text copied to clipboard!- Proven experience as a Compliance Specialist or similar role.
- In-depth knowledge of the industry’s standards and regulations.
- Excellent knowledge of reporting procedures and record-keeping.
- A business acumen partnered with a dedication to legality.
- Methodical and diligent with outstanding planning abilities.
- An analytical mind able to “see” the complexities of procedures and regulations.
- Excellent communication skills.
- Certified Compliance & Ethics Professional (CCEP) is a plus.
- BSc/BA in law, finance, business administration or related field.
- Professional certification (e.g. Certified Compliance & Ethics Professional (CCEP)) is a plus.
- Experience with risk management.
- Familiarity with industry practices and professional standards.
- Strong attention to detail and organizational skills.
- Ability to work independently and as part of a team.
- Proficiency in MS Office and compliance management software.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with compliance management?
- How do you stay updated with the latest regulations and industry standards?
- Can you provide an example of a time when you identified a compliance issue and how you resolved it?
- How do you handle situations where employees are resistant to compliance measures?
- What steps do you take to ensure that company policies are up-to-date and effective?
- How do you approach training employees on compliance matters?
- Can you describe a time when you had to manage a compliance crisis?
- What tools or software do you use to manage compliance tasks?
- How do you balance the need for compliance with business objectives?
- What is your experience with conducting internal audits?