Skills & Competencies for VP of Compliance

VP of Compliance job profile

Book a Demo and Receive a Sample Job Profile

JOB SUMMARY for VP of Compliance

Provides leadership and direction for an organization's compliance programs, policies, reporting, and practices.

JOB RESPONSIBILITIES for VP of Compliance

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. Develops 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. Establishes communication and training initiatives that inform stakeholders about compliance requirements.

VP of Compliance SALARY RANGE

BASE 50%
$255,984
TOTAL 50%
$307,309
Job Level
M05
Job Code
EX05000162
Education/Degree
Bachelor's Degree
Reports To
Top Management

VP of Compliance 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 VP of Compliance skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
BOOK A DEMO

2 general skills or competencies (Job family competencies) for VP of Compliance

1 Job Family Competencies – Training Management
Proficiency Level -3
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)
Lists the basic functions and features of the training management.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Uses training management software in tracking and documenting training records of employees.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Works with departmental management in creating training plans.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Recommends enhancements on existing training programs to improve employee engagement, learning, and retention.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Stays abreast of the latest training developments to ensure materials and programs are accurate and effective.
See 4 More Skill Behaviors
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)
Lists the basic functions and features of the compliance monitoring system.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Supports the auditing and monitoring of business activities to ensure compliance with regulations.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Utilizes advanced tools to monitor potential compliance risks and adherence to the company policy.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Recommends improvement opportunities for compliance monitoring to achieve the objectives.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Promotes the use of a compliance monitoring system to maintain adherence to rules and regulations.
See 4 More Skill Behaviors
3 VP of Compliance - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - VP of Compliance
Proficiency Level - 4
5 Competency for - VP of Compliance
Proficiency Level - 5

10 soft skills or competencies (core competencies) for VP of Compliance

1 Core Competencies – Process Improvement
Proficiency Level -4
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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Uses metrics to track the effectiveness of process improvement initiatives.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Utilizes tools in explaining process improvement to allow teams to clearly understand the objectives.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Presents challenges and offers solutions to overcome barriers for improvements.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Leads transformational change to restructure business processes and achieve organizational excellence.
See 4 More Skill Behaviors
2 Core Competencies – Risk Management
Proficiency Level -4
Skill definition-The identification, evaluation, and prioritization of various risks, followed by controlling practices to minimize any adverse impact.
Level 1 Behaviors
(General Familiarity)
Understands the practical concepts and processes of risk management.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Supports risk owners with management of operational risks, including but not limited to risk assessment, risk control, and risk monitoring.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Utilizes various analytical tools and techniques to conduct risk management activities.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Provides risk training for employees on risk categories, identification, quantification, and control.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Promotes a risk aversion culture to balance and manage risk while conducting business.
See 4 More Skill Behaviors
3 VP of Compliance - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - VP of Compliance
Proficiency Level - 4
5 Competency for - VP of Compliance
Proficiency Level - 5

Summary of VP of Compliance skills and competencies

There are 0 hard skills for VP of Compliance..
2 general skills for VP of Compliance, Training Management, Compliance Monitoring.
10 soft skills for VP of Compliance, Process Improvement, Risk Management, Driving Results, etc.
While the list totals 12 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 VP of Compliance, he or she needs to be skilled in Process Improvement, be skilled in Risk Management, and be skilled in Driving Results.

It's Easy to Get Started

Get the precision you need to assess, hire, and develop top talent with skills and competencies – see how with a personalized demo.