Skills & Competencies for Compliance Manager

Compliance Manager job profile

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JOB SUMMARY for Compliance Manager

Manages the compliance programs, policies, reporting, and practices for an organization or business.

JOB RESPONSIBILITIES for Compliance Manager

Ensures that all activities follow regulatory requirements related to the governance of the organization as well as any industry-specific or location-specific laws. Oversees internal controls and auditing systems that monitor and report on regulated activities and processes. Implements risk-based compliance testing of existing procedures and controls to identify, detect, and correct noncompliance. Evaluates and implements changes to compliance processes due to new or amended regulations. Delivers communication and training initiatives that inform stakeholders about compliance requirements.

Compliance Manager SALARY RANGE

BASE 50%
$131,169
TOTAL 50%
$141,764
Job Level
M02
Job Code
FA06000050
Education/Degree
Bachelor's Degree
Reports To
Director

Compliance Manager Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Compliance Manager skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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2 general skills or competencies (Job family competencies) for Compliance Manager

1 Job Family Competencies – Training Management
Proficiency Level -2
Skill definition-Administrating, creating, documentation, tracking, and reporting training programs to drive improvements to the performance and productivity of employees.
Level 1 Behaviors
(General Familiarity)
Lists the basic functions and features of the training management.
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Level 2 Behaviors
(Light Experience)
Uses training management software in tracking and documenting training records of employees.
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Level 3 Behaviors
(Moderate Experience)
Works with departmental management in creating training plans.
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Level 4 Behaviors
(Extensive Experience)
Recommends enhancements on existing training programs to improve employee engagement, learning, and retention.
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Level 5 Behaviors
(Mastery)
Stays abreast of the latest training developments to ensure materials and programs are accurate and effective.
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2 Job Family Competencies – Compliance Monitoring
Proficiency Level -3
Skill definition-Ensuring that the staff is following all policies and procedures in our business.
Level 1 Behaviors
(General Familiarity)
Lists the basic functions and features of the compliance monitoring system.
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Level 2 Behaviors
(Light Experience)
Supports the auditing and monitoring of business activities to ensure compliance with regulations.
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Level 3 Behaviors
(Moderate Experience)
Utilizes advanced tools to monitor potential compliance risks and adherence to the company policy.
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Level 4 Behaviors
(Extensive Experience)
Recommends improvement opportunities for compliance monitoring to achieve the objectives.
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Level 5 Behaviors
(Mastery)
Promotes the use of a compliance monitoring system to maintain adherence to rules and regulations.
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3 Compliance Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compliance Manager
Proficiency Level - 4
5 Competency for - Compliance Manager
Proficiency Level - 5

14 soft skills or competencies (core competencies) for Compliance Manager

1 Core Competencies – Knowledge Management
Proficiency Level -2
Skill definition-The process of identifying, using, sharing, and maintaining an organization's intellectual assets, best practices, product innovations, etc. to improve organizational performance.
Level 1 Behaviors
(General Familiarity)
Lists the basic types and functions of knowledge management systems and tools.
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Level 2 Behaviors
(Light Experience)
Updates the knowledge databases regularly to keep the contents up to date.
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Level 3 Behaviors
(Moderate Experience)
Utilizes knowledge databases and management tools to communicate complex information to internal and external clients.
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Level 4 Behaviors
(Extensive Experience)
Provides internal training and consulting on KM concepts and methodologies.
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Level 5 Behaviors
(Mastery)
Stays current on the latest knowledge management trends and best practices; drives changes within our business.
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2 Core Competencies – Risk Management
Proficiency Level -2
Skill definition-The identification, evaluation, and prioritization of various risks, followed by controlling practices to minimize any adverse impact.
Level 1 Behaviors
(General Familiarity)
Understands the practical concepts and processes of risk management.
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Level 2 Behaviors
(Light Experience)
Supports risk owners with management of operational risks, including but not limited to risk assessment, risk control, and risk monitoring.
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Level 3 Behaviors
(Moderate Experience)
Utilizes various analytical tools and techniques to conduct risk management activities.
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Level 4 Behaviors
(Extensive Experience)
Provides risk training for employees on risk categories, identification, quantification, and control.
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Level 5 Behaviors
(Mastery)
Promotes a risk aversion culture to balance and manage risk while conducting business.
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3 Compliance Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compliance Manager
Proficiency Level - 4
5 Competency for - Compliance Manager
Proficiency Level - 5

Summary of Compliance Manager skills and competencies

There are 0 hard skills for Compliance Manager.
2 general skills for Compliance Manager, Training Management, Compliance Monitoring.
14 soft skills for Compliance Manager, Knowledge Management, Risk Management, Planning and Organizing, etc.
While the list totals 16 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Compliance Manager, he or she needs to be proficient in Knowledge Management, be proficient in Risk Management, and be skilled in Planning and Organizing.

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