Skills & Competencies for Compliance Specialist I

Compliance Specialist I job profile

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JOB SUMMARY for Compliance Specialist I

Supports the development and implementation of compliance programs, policies, reporting, and practices for an organization or business.

JOB RESPONSIBILITIES for Compliance Specialist I

Monitors activities impacted by regulatory requirements related to the organization's governance and any industry-specific or location-specific laws. Utilizes established internal controls and auditing systems to identify, detect, and correct noncompliance. Implements changes to compliance processes due to new or amended regulations. Prepares and updates communication materials. Assists with training initiatives that inform stakeholders about compliance requirements.

Compliance Specialist I SALARY RANGE

BASE 50%
$65,834
TOTAL 50%
$67,451
Job Level
P01
Job Code
FA06000912
Education/Degree
Bachelor's Degree
Reports To
Supervisor or Manager

Compliance Specialist I 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 Specialist I 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 Specialist I

1 Job Family Competencies – Training and Development
Proficiency Level -1
Skill definition-The process of improving the job performance of an individual or group through structured and planned training sessions.
Level 1 Behaviors
(General Familiarity)
Compiles a list of risks and challenges in the training and development process.
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Level 2 Behaviors
(Light Experience)
Applies appropriate methods and tools in assessing the learning needs of a specific group of employees.
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Level 3 Behaviors
(Moderate Experience)
Assesses training needs to develop a curriculum in support of employee skill development.
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Level 4 Behaviors
(Extensive Experience)
Creates the strategy and oversees the design, development and delivery of training programs to ensure compliance with regulations.
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Level 5 Behaviors
(Mastery)
Champions the adoption of assessment instruments to evaluate learning outcomes.
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2 Job Family Competencies – Compliance Monitoring
Proficiency Level -2
Skill definition-Ensuring that the staff is following all policies and procedures in our business.
Level 1 Behaviors
(General Familiarity)
Compiles a list of compliance monitoring challenges, gaps, and regulatory needs.
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Level 2 Behaviors
(Light Experience)
Assists in reviewing documentation to ensure compliance with program and federal guidelines.
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Level 3 Behaviors
(Moderate Experience)
Administers testing programs to ensure compliance with all applicable laws and regulations.
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Level 4 Behaviors
(Extensive Experience)
Creates compliance monitoring dashboards to identify and resolve compliance issues on time.
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Level 5 Behaviors
(Mastery)
Creates overall monitoring strategies to mitigate compliance and operational risks.
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3 Compliance Specialist I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compliance Specialist I
Proficiency Level - 4
5 Competency for - Compliance Specialist I
Proficiency Level - 5

9 soft skills or competencies (core competencies) for Compliance Specialist I

1 Core Competencies – Knowledge Management
Proficiency Level -1
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)
Describes the concepts, activities, and processes of knowledge management.
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Level 2 Behaviors
(Light Experience)
Assists in maintaining the knowledge management system by documenting solutions to problems.
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Level 3 Behaviors
(Moderate Experience)
Audits knowledge management activities to ensure continued compliance with organizational policies.
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Level 4 Behaviors
(Extensive Experience)
Advises both employees and managers on how to better apply the knowledge in daily work.
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Level 5 Behaviors
(Mastery)
Creates and updates policies, processes, and standards to guide organizational knowledge management practices.
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2 Core Competencies – Attention to Detail
Proficiency Level -2
Skill definition-Executing and completing a task with a high level of accuracy.
Level 1 Behaviors
(General Familiarity)
Cites steps and tips to improve attention to detail in the workplace.
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Level 2 Behaviors
(Light Experience)
Keeps full attention when listening to understand the message.
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Level 3 Behaviors
(Moderate Experience)
Balances between accuracy and efficiency for different tasks or programs.
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Level 4 Behaviors
(Extensive Experience)
Creates and implements quality management processes for our business.
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Level 5 Behaviors
(Mastery)
Defines possible hurdles to projects and creates strategies to deal with them.
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3 Compliance Specialist I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compliance Specialist I
Proficiency Level - 4
5 Competency for - Compliance Specialist I
Proficiency Level - 5

Summary of Compliance Specialist I skills and competencies

There are 0 hard skills for Compliance Specialist I.
2 general skills for Compliance Specialist I, Training and Development, Compliance Monitoring.
9 soft skills for Compliance Specialist I, Knowledge Management, Attention to Detail, Honesty And Integrity, etc.
While the list totals 11 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 Specialist I, he or she needs to be proficient in Knowledge Management, be proficient in Attention to Detail, and be proficient in Honesty And Integrity.

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