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%
$128,523
TOTAL 50%
$139,305
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)
Documents the processes and procedures used in training programs for our organization.
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Level 2 Behaviors
(Light Experience)
Informs the management on the latest performance trends to aid in employee coaching, training, and development.
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Level 3 Behaviors
(Moderate Experience)
Consults on the application of training needs assessment techniques.
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Level 4 Behaviors
(Extensive Experience)
Leverages training KPIs to track success and progress.
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Level 5 Behaviors
(Mastery)
Designs metrics to evaluate the effectiveness of current e-learning systems.
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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)
Describes the importance of effective compliance monitoring for the business.
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Level 2 Behaviors
(Light Experience)
Assists in the management of auditing and monitoring programs to address high-risk compliance areas.
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Level 3 Behaviors
(Moderate Experience)
Conducts periodic reviews and monitoring of implemented processes to ensure continued compliance.
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Level 4 Behaviors
(Extensive Experience)
Establishes overall metrics to evaluate the accuracy of compliance reporting.
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Level 5 Behaviors
(Mastery)
Designs monitoring systems to accomplish business objectives and regulatory compliance.
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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)
Explains the differences among data, information, and knowledge.
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Level 2 Behaviors
(Light Experience)
Tracks usage of knowledge and supports the development processes to improve knowledge transfer.
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Level 3 Behaviors
(Moderate Experience)
Troubleshoots technical issues of Knowledge Management systems in a timely manner to improve performance.
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Level 4 Behaviors
(Extensive Experience)
Oversees knowledge management processes to capture tacit and explicit knowledge.
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Level 5 Behaviors
(Mastery)
Promotes knowledge capture and reuse through operational and business processes.
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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)
Obtains internal and external educational resources on risk management.
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Level 2 Behaviors
(Light Experience)
Logs and updates data in the risk information management system.
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Level 3 Behaviors
(Moderate Experience)
Researches and suggests enhancements of risk management tools to improve efficiency.
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Level 4 Behaviors
(Extensive Experience)
Monitors the implementation of risk policies and programs to ensure consistency.
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Level 5 Behaviors
(Mastery)
Keeps abreast of market trends and their effect on internal risk management.
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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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