Skills & Competencies for Top Compliance Executive

Top Compliance Executive job profile

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JOB SUMMARY for Top Compliance Executive

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

JOB RESPONSIBILITIES for Top Compliance Executive

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.

Top Compliance Executive SALARY RANGE

BASE 50%
$247,766
TOTAL 50%
$296,436
Job Level
M05
Job Code
EX05000162
Education/Degree
Bachelor's Degree
Reports To
Top Management

Top Compliance Executive 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 Top Compliance Executive 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 Top Compliance Executive

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.
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Level 2 Behaviors
(Light Experience)
Tracks and reports the effectiveness of professional development programs to senior management.
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Level 3 Behaviors
(Moderate Experience)
Works with departmental management in creating training plans.
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Level 4 Behaviors
(Extensive Experience)
Recommends enhancements on existing training programs to improve employee engagement, learning, and retention.
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Level 5 Behaviors
(Mastery)
Stays abreast of the latest training developments to ensure materials and programs are accurate and effective.
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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)
Lists the basic functions and features of the compliance monitoring system.
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Level 2 Behaviors
(Light Experience)
Supports the auditing and monitoring of business activities to ensure compliance with regulations.
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Level 3 Behaviors
(Moderate Experience)
Utilizes advanced tools to monitor potential compliance risks and adherence to the company policy.
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Level 4 Behaviors
(Extensive Experience)
Recommends improvement opportunities for compliance monitoring to achieve the objectives.
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Level 5 Behaviors
(Mastery)
Promotes the use of a compliance monitoring system to maintain adherence to rules and regulations.
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3 Top Compliance Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Compliance Executive
Proficiency Level - 4
5 Competency for - Top Compliance Executive
Proficiency Level - 5

10 soft skills or competencies (core competencies) for Top Compliance Executive

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.
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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)
Facilitates training to develop team's process knowledge and initiate change management.
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Level 5 Behaviors
(Mastery)
Designs software and systems to centralize the planning, execution, and tracking of process improvement.
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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.
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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.
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Level 3 Behaviors
(Moderate Experience)
Researches and suggests enhancements of risk management tools to improve efficiency.
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Level 4 Behaviors
(Extensive Experience)
Monitors the implementation of risk policies and programs to ensure consistency.
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Level 5 Behaviors
(Mastery)
Keeps abreast of market trends and their effect on internal risk management.
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3 Top Compliance Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Compliance Executive
Proficiency Level - 4
5 Competency for - Top Compliance Executive
Proficiency Level - 5

Summary of Top Compliance Executive skills and competencies

There are 0 hard skills for Top Compliance Executive.
2 general skills for Top Compliance Executive, Training Management, Compliance Monitoring.
10 soft skills for Top Compliance Executive, 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 Top Compliance Executive, he or she needs to be skilled in Process Improvement, be skilled in Risk Management, and be skilled in Driving Results.

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