Sign Louisiana Banking Business Associate Agreement Safe

Compliance countersignature

hello there my name is Richard McMunn from the interview training company past my interview comm and in this training tutorial I am going to teach you how to pass a compliance officer or compliance manager interview now it does not matter which organization you have your interview with please do make sure you watch this tutorial from beginning to end because I promise you it's going to make a huge difference to your performance at the interview I'm going to run through a number of common compliance officer and manager interview questions I'll give you some tips for answering them and more importantly I will give you top-scoring answers now before I get into the tutorial just quickly a very warm welcome my name is Richard McMunn I've been helping people to pass their interviews for about 20 years now through this YouTube channel we have about 200,000 subscribers now many of you are passing your interviews so on that basis please do make sure you subscribe by clicking the button below the video and then you won't miss out on any of the weekly interview training videos I am uploading also I would very very much appreciate your support if you gave the video a like that always tells me that you enjoy the content and therefore I will create more for you thank you very much indeed ok let's get into the compliance officer and compliance manager interview questions and answers my advice is to take notes as I progress so the first interview question that we need to prepare for is tell us about yourself why you want to work in compliance now the tell me about yourself interview question is pretty much guaranteed to be the first question that will come up so we need to give them a rock-solid answer that demonstrates that you are the person they should be hiring within the compliance officer or manager role here is my suggested answer I have always held a strong passion for working in compliance and the natural skills and qualities I have are a good match for the position I simply cannot see myself working in any other sector I am somebody who is strategically focused I would always protect you as my employer by ensuring your policies and procedures are compliant with the relevant industry regulations I am a highly analytical person and somebody who exerts an appropriate level of control over my responsibilities as a compliance officer stroke manager if I am successful at interview today I will look to quickly create and maintain a culture within the organization that accepts compliance and regular audits as standard I will also work very closely with you the senior management team to help you achieve your commercial objectives what I particularly like about that response to that interview question is that you are saying at the end that you are going to work closely with the senior management team to help them achieve their objectives so in regards to compliance you are going to do a really good job you're going to make sure the organization meets its needs but also you were gonna work alongside the senior management team and I believe that's very important so the second interview question that I want you to prepare for is why do you want to work for our organization as a compliance officer or manager so why do you want to work for our organization and again I can pretty much guarantee this interview question will feature at some stage during your compliance interview here is my suggested answer I genuinely believe you can only work for a company as a compliance officer or manager if the top level tier of management take compliance seriously now during my research into your company it quickly became apparent that you do take your compliance responsibilities very seriously I feel you will support me in my role and I will be able to perform my duties to the high standards necessary I have also been attracted to your company because of the quality services you provide and also your desire to continually improve and develop finally having read your company mission statement I would actually feel very proud to work for you and to have your company name on my resume or CV that is a great answer to the interview question why do you want to work for our organization a compliance officer because it shows that you have thought carefully about why you want to work for them and also that subtly demonstrates that you have very very high standards in regards of compliance so the next interview question I want to prepare for is what would you do in the first 30 days of starting as our compliance manager or compliance officer so what would you do in the first 30 days of starting a lot of people at the interview will sit there and they will have a little think about what they would do and then give a response based on the things that they believe they would do however you are going to be different you are going to have a plan in place already of what you would do within the first month of starting as a compliance manager or officer here is my suggested answer to this compliance interview question the very first thing I would do is to obtain a clear and thorough brief from you the senior management team to ascertain how the work I will carry out as the compliance manager is in line with your strategic mission it would be very important for me to work with you and not against you I would then look to get to know my compliance team the people I am working with and also other key members and managers of the organization cross-functionality and interdepartmental work is vital if compliance is to be successful within an organization also during the initial 30-day period I would look I would listen observe and then put a plan of action in place based on what I had learned to ensure compliance audits and the necessary actions were implemented and also maintained to ensure we meet our compliance and regulatory responsibilities what I particularly like about that answer is that you have pre thought what you are going to do within the first 30 days I like the fact that you are going to look you're going to listen and observe and then put a plan in place after you've seen what you need to see but most importantly you are saying that line is that it would be very important for you to work with them and not against them I believe that's Berean wharton i hope you are enjoying this i've got plenty of questions to run through please don't forget to subscribe i do appreciate your support and also please don't forget to give the video i like thank you very much so the next interview question feel compliance interview i want you to prepare for is describe a situation when something didn't go to plan and how you dealt with it this is a common compliance interview question and it is assessing your resilience your determination also your positivity to resolve things and to also use an analytical approach to problem-solving because let's face it things don't always go right but you'll be responsible for sorting them out here is my answer to the interview question describe a situation when something didn't go to plan and how you dealt with it i can specifically remember working in a previous role where something didn't go to plan and i could tell it was going to happen i was a new member of the team and we were all working on a project for an important client I felt the initial team brief and plan of action created by the manager was inadequate and it lacked clarity and purpose however I didn't feel confident enough at the time to put my hand up to express my concerns as the week's went by the plan started to fall apart and in the end the client abandoned the project and we lost the contract now during the team debrief that followed I made a suggestion that for all future projects we should follow a project SWOT analysis to identify the project strengths our team weaknesses the opportunities and also the threats that were present that could potentially hinder our ability to successfully deliver the project as a team my suggestion was taken on board and all future projects as a result were more successful following this experience I decided to get into compliance work because of my ability to see things clearly and also my understanding of how important clarity of communication is within any organization that answer is structured using what is called the star technique situation task action result and you are essentially telling the interview panelists boring a situation that you were in so you explained the situation the tasks that needed to be done the action you took and then the end result always make sure the result is positive following your actions so that is a great answer to the interview question describe a situation when something didn't go to plan and how you dealt with it next question what's your biggest weakness now I have flagged this in red because it is in my opinion one of the toughest interview questions to answer it comes up all of the time however there is a danger that some people will give a weakness that is a match for the job description for the role that they are applying for so we want to avoid that at all costs here is my suggested answer that will do you no harm whatsoever I would say my biggest weakness is I don't like to ask for help or advice if I ever get stuck with a work task or project obviously it would be easier and quicker if I did asks for guidance but I do generally like to figure things out for myself having said that I am someone who likes to continually develop and improve and I have been trying to ask for advice when I need it to complete important tasks or projects although I would like to feel I am highly competent in my work there are always people you can learn from within an organization and I do need to be more open to that in the future that is a really good answer to the watch your biggest weakness interview question for compliance roles next interview question that wants you to prepare for is why should we hire you as our compliance officer or compliance manager and this is sometimes posed as what makes you the standout candidate so we want to give them a brilliant positive solid answer to this compliance interview question and here it is I believe you should hire me because based on my past experiences the skills I possess and my ability to work collaboratively with other people within the organization I am the best person for this compliance role I am ambitious totally focused on helping my employer grow and I am always entirely professional in the compliance work I carry out if you hire me as your compliance officer I believe you will be impressed with my work ethics my values and my commitment to your company mission and your vision so another great answer now if you would like to download my manager interview questions and answers guide it's in PDF format you can have it within your inbox in two minutes from now click the link in the top right-hand corner of the video or go through to my website pass my interview calm I hope you've enjoyed that compliance interview training tutorial my advice is to watch it again take notes as you go along if you have any questions please put them in the comment section below as I said at the beginning and during the middle of the video I would very much appreciate it if you gave the video alike and you subscribe to the channel thank you very much indeed please let me know your success stories and yeah I wish you all the very best genuinely to pass your compliance officer or manager interview have a brilliant day thank you very much