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)
Describes the concepts and components of training management.
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Level 2 Behaviors
(Light Experience)
Gathers information from management, employees, and other departments regarding the effectiveness of training programs.
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Level 3 Behaviors
(Moderate Experience)
Coaches others on the techniques of effectively delivering training sessions.
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Level 4 Behaviors
(Extensive Experience)
Leads the coordination of internal and external training programs to promote employee development.
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Level 5 Behaviors
(Mastery)
Designs effective training and development programs to strengthen technical and management skills.
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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)
Compiles a list of compliance monitoring challenges, gaps, and regulatory needs.
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Level 2 Behaviors
(Light Experience)
Assists in reviewing documentation to ensure compliance with program and federal guidelines.
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Level 3 Behaviors
(Moderate Experience)
Administers testing programs to ensure compliance with all applicable laws and regulations.
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Level 4 Behaviors
(Extensive Experience)
Creates compliance monitoring dashboards to identify and resolve compliance issues on time.
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Level 5 Behaviors
(Mastery)
Creates overall monitoring strategies to mitigate compliance and operational risks.
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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)
Describes the different models of continuous improvement used in optimizing existing processes.
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Level 2 Behaviors
(Light Experience)
Demonstrates open and accepting behaviors when new processes are implemented.
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Level 3 Behaviors
(Moderate Experience)
Executes new approaches in evaluating existing processes that affect workplace productivity.
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Level 4 Behaviors
(Extensive Experience)
Creates models and forecasts to justify and demonstrate the value of an improved process.
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Level 5 Behaviors
(Mastery)
Articulates benefits of process improvement to drive our business in implementing change.
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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)
Discusses the difficulties and challenges in risk management.
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Level 2 Behaviors
(Light Experience)
Compiles and maintains risk management documents to reflect the latest policies.
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Level 3 Behaviors
(Moderate Experience)
Escalates significant risks to the appropriate management to address issues.
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Level 4 Behaviors
(Extensive Experience)
Creates and updates standard operating procedures (SOP) to improve risk management efficiency and effectiveness.
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Level 5 Behaviors
(Mastery)
Constructs risk management metrics to monitor, evaluate, and improve effectiveness.
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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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