Skills & Competencies for Compliance Specialist III

Compliance Specialist III job profile

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JOB SUMMARY for Compliance Specialist III

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

JOB RESPONSIBILITIES for Compliance Specialist III

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 III SALARY RANGE

BASE 50%
$95,937
TOTAL 50%
$99,913
Job Level
P03
Job Code
FA06000732
Education/Degree
Bachelor's Degree
Reports To
Supervisor or Manager

Compliance Specialist III 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 III 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 III

1 Job Family Competencies – Training and Development
Proficiency Level -2
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)
Describes the concept and components of training development programs.
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Level 2 Behaviors
(Light Experience)
Collects training feedbacks and prepares evaluation reports regarding learning outcomes.
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Level 3 Behaviors
(Moderate Experience)
Compares internal and external training vendors to identify supplements to existing training programs.
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Level 4 Behaviors
(Extensive Experience)
Demonstrates best practices and standard operating processes for training needs evaluation and development.
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Level 5 Behaviors
(Mastery)
Designs and implements communication and feedback loops to inform pre and post-training performance.
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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 Specialist III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compliance Specialist III
Proficiency Level - 4
5 Competency for - Compliance Specialist III
Proficiency Level - 5

11 soft skills or competencies (core competencies) for Compliance Specialist III

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)
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 – Project Management
Proficiency Level -2
Skill definition-Applying specific knowledge, skills, tools, and techniques to manage a project from initial conception to successful completion.
Level 1 Behaviors
(General Familiarity)
Cites methods and techniques used for scheduling project deadlines.
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Level 2 Behaviors
(Light Experience)
Adheres to organizational policies to guarantee the project aligns with standards and expectations.
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Level 3 Behaviors
(Moderate Experience)
Analyses new project management tools and methodologies and reports recommendations to management.
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Level 4 Behaviors
(Extensive Experience)
Delegates tasks and responsibilities when unanticipated circumstances arise.
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Level 5 Behaviors
(Mastery)
Develops and oversees the execution of an adaptable standard operating procedure for projects.
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3 Compliance Specialist III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compliance Specialist III
Proficiency Level - 4
5 Competency for - Compliance Specialist III
Proficiency Level - 5

Summary of Compliance Specialist III skills and competencies

There are 0 hard skills for Compliance Specialist III.
2 general skills for Compliance Specialist III, Training and Development, Compliance Monitoring.
11 soft skills for Compliance Specialist III, Knowledge Management, Project Management, Attention to Detail, etc.
While the list totals 13 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 III, he or she needs to be proficient in Knowledge Management, be proficient in Project Management, and be skilled in Attention to Detail.

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