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%
$96,177
TOTAL 50%
$100,166
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)
Explains the importance and benefits of the training and development process.
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Level 2 Behaviors
(Light Experience)
Prepares instructional materials and programs using proper training methods.
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Level 3 Behaviors
(Moderate Experience)
Designs engaging and media-rich instructional to support training and continued learning and development.
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Level 4 Behaviors
(Extensive Experience)
Oversees the training sessions for employee skill enhancement.
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Level 5 Behaviors
(Mastery)
Keeps abreast of new developments and innovations related to training and development.
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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)
Identifies the guiding principles of corporate compliance monitoring.
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Level 2 Behaviors
(Light Experience)
Gathers necessary information to support compliance monitoring and assessment.
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Level 3 Behaviors
(Moderate Experience)
Performs procedure analytics and monitoring to identify potential violations.
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Level 4 Behaviors
(Extensive Experience)
Oversees the overall development and implementation of the compliance monitoring plan.
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Level 5 Behaviors
(Mastery)
Improves your organization's compliance monitoring plans by staying abreast of the latest laws and regulations.
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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)
Explains the differences among data, information, and knowledge.
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Level 2 Behaviors
(Light Experience)
Prepares brochures and presentation materials for related training sessions.
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Level 3 Behaviors
(Moderate Experience)
Suggests content and technological enhancements for knowledge management system improvement.
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Level 4 Behaviors
(Extensive Experience)
Integrates knowledge management systems with other IT and business systems to drive collaboration.
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Level 5 Behaviors
(Mastery)
Leads the development of a knowledge management strategy and associated implementation plans.
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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)
Lists examples of how poor communication can impede project success and techniques to rectify this.
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Level 2 Behaviors
(Light Experience)
Gathers the necessary data during project initiation to complete planning and project scope.
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Level 3 Behaviors
(Moderate Experience)
Works with different teams and departments to implement organizational changes that impact the project.
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Level 4 Behaviors
(Extensive Experience)
Trains project team through offline and online courses and reviews both during and after project completion.
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Level 5 Behaviors
(Mastery)
Stays abreast of new technologies, tools, and industry practices that affect project management alternatives.
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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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