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)
Explains the importance of implementing effective training programs in our organization.
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Level 2 Behaviors
(Light Experience)
Prepares necessary materials to support the creation of training programs for employees.
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Level 3 Behaviors
(Moderate Experience)
Leads the development of training needs questionnaires.
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Level 4 Behaviors
(Extensive Experience)
Provides training and guidance to the management to increase workforce flexibility.
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Level 5 Behaviors
(Mastery)
Leads the design of advanced tools and methods for training needs assessment and evaluation.
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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 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)
Explains the importance of a continuous improvement culture to manage process changes effectively.
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Level 2 Behaviors
(Light Experience)
Performs process reviews to identify areas of improvement.
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Level 3 Behaviors
(Moderate Experience)
Professes the value of improvement and cites examples of success.
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Level 4 Behaviors
(Extensive Experience)
Determines process bottlenecks to eliminate root causes for continuous improvement.
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Level 5 Behaviors
(Mastery)
Designs improvement plans and roadmaps with viable goals to optimize existing processes for scalability.
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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)
Obtains internal and external educational resources on risk management.
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Level 2 Behaviors
(Light Experience)
Generates the period risk status report from the system and distributes it to stakeholders.
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Level 3 Behaviors
(Moderate Experience)
Recommends methods to control or reduce risks based on assessment results.
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Level 4 Behaviors
(Extensive Experience)
Leads root cause analysis of risk events to establish an effective feedback process.
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Level 5 Behaviors
(Mastery)
Forecasts changes in industry regulations and laws to control and minimize regulatory risk.
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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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