Skills & Competencies for Regulatory Auditing Analyst

Regulatory Auditing Analyst job profile

JOB SUMMARY for Regulatory Auditing Analyst

Implements and coordinates an organization's auditing strategy and activities for regulatory compliance.

JOB RESPONSIBILITIES for Regulatory Auditing Analyst

Deploys internal controls, best practices, and strategies to identify process deficiencies and implement improvements. Gathers, analyzes, and consolidates data for required regulatory reporting to fulfill content and scheduling requirements. Supports external regulatory inspections and internal audits and may coordinate document reviews, protocol reviews, validation reviews, and training programs as part of auditing processes. Maintains and updates a knowledge base or information system of the financial regulations, required processes, and industry/regulatory agency standards that govern a business or a product.

Regulatory Auditing Analyst SALARY RANGE

BASE 50%
$79,566
TOTAL 50%
$82,620
Job Level
P02
Job Code
LE11000098
Education/Degree
Bachelor's Degree
Reports To
Manager

Regulatory Auditing Analyst 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 Regulatory Auditing Analyst skill and competencie below to view definitions.

1 general skill or competency (Job family competency) for Regulatory Auditing Analyst

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)
Identifies major activities involved in training cycle phases.
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Level 2 Behaviors
(Light Experience)
Works with HRIS to document and collect attendance information and career development tracking information.
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Level 3 Behaviors
(Moderate Experience)
Develops department training matrix for workforce development and retains great talent.
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Level 4 Behaviors
(Extensive Experience)
Provides instructional design expertise to support determining training needs and solution development.
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Level 5 Behaviors
(Mastery)
Promotes the development and continued expansion of training content to support our organization-specific processes.
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3 Regulatory Auditing Analyst - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Regulatory Auditing Analyst
Proficiency Level - 4
5 Competency for - Regulatory Auditing Analyst
Proficiency Level - 5

8 soft skills or competencies (core competencies) for Regulatory Auditing Analyst

1 Core Competencies – Process Improvement
Proficiency Level -2
Skill definition-Analyzing and improving existing processes and workflows to minimize process errors and streamline organizational efficiency.
Level 1 Behaviors
(General Familiarity)
Lists most common tools used for process improvement.
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Level 2 Behaviors
(Light Experience)
Uses metrics to track the effectiveness of process improvement initiatives.
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Level 3 Behaviors
(Moderate Experience)
Utilizes tools in explaining process improvement to allow teams to clearly understand the objectives.
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Level 4 Behaviors
(Extensive Experience)
Presents challenges and offers solutions to overcome barriers for improvements.
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Level 5 Behaviors
(Mastery)
Leads transformational change to restructure business processes and achieve organizational excellence.
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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)
Lists the traits of an employee showing great attention to detail.
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Level 2 Behaviors
(Light Experience)
Utilizes specific approaches and tools for checking and cross-checking outputs.
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Level 3 Behaviors
(Moderate Experience)
Uses tools to organize and monitor work progress.
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Level 4 Behaviors
(Extensive Experience)
Manages training to improve staffs' concentration and attention to detail.
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Level 5 Behaviors
(Mastery)
Learns from previous works' strengths and weaknesses to guide new projects.
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3 Regulatory Auditing Analyst - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Regulatory Auditing Analyst
Proficiency Level - 4
5 Competency for - Regulatory Auditing Analyst
Proficiency Level - 5

Summary of Regulatory Auditing Analyst skills and competencies

There are 0 hard skills for Regulatory Auditing Analyst.
1 general skills for Regulatory Auditing Analyst, Training and Development.
8 soft skills for Regulatory Auditing Analyst, Process Improvement, Attention to Detail, Initiative, etc.
While the list totals 9 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 Regulatory Auditing Analyst, he or she needs to be proficient in Process Improvement, be proficient in Attention to Detail, and be proficient in Initiative.

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