Administrative Support

Compliance Officer

Related positions: Compliance Officer, AML/CFT & Authorities Investigations Officer, Anti-Money Laundering/Counter-Financing of Terrorism Investigations Officer, Financial Crime Compliance Officer, AML Investigations and Compliance Officer, Compliance Officer for Regulatory Investigations, Regulatory Compliance Officer, Compliance Analyst, Regulatory Affairs Officer, Compliance Specialist, Regulatory Oversight Officer

Overview

Individuals in the Banking Compliance field ensure that financial institutions adhere to legal and regulatory requirements. They monitor changes in regulations, update internal policies, and work with teams to mitigate risks and ensure compliance across all business activities.

Responsibilities include guiding staff on compliance matters, assessing products and services for regulatory adherence, and collaborating with departments like Legal and Risk Management. They foster a culture of compliance and ensure ethical, lawful operations throughout the organization. Typically, banking compliance professionals hold a bachelor’s degree in finance, law, or business, and may pursue further certifications.

Common tasks 

    TaskRelated trait(s)
    Application evaluations Efficiency and precision
    Creating reports 
    Working with other departments Collaborative spirit
    Checking data Numerical competency
    Working with a team Normative and legal compliance

    Soft skills measured by TraitForward

    TraitNo of QuestionsCronbach’s  alpha (α)
    Efficiency and precision90.79
    Can they complete tasks paying attention to detail?
    Efficient multitasking50.71
    Can they manage multiple tasks?
    Calmness under pressure40.74
    Can they remain composed and effective in high-pressure situations?
    Integrity110.79
    Can they consistently act with honesty and fairness in every situation?
    Effective listening80.71
    Can they genuinely engage with others and understand diverse perspectives?
    Persuasive communication110.84
    Can they influence and make others understand with their communication skills?
    Normative and legal compliance90.74
    Do they demonstrate reliability and respect for established procedures?
    Numerical competency80.73
    Can they analyze data to uncover insights?
    Written comprehension70.79
    Can they understand and process complex written information effectively?
    Understanding procedures80.72
    Can they make thoughtful and informed decisions that benefit the organization?
    Achievement striving60.73
    Can they exceed expectations and set high standards?
    Collaborative spirit60.75
    Can they prioritize the needs of the team and support others?
    Understanding customers80.76
    Can they anticipate customer needs and tailor solutions accordingly?
    *Cronbach’s alpha coefficient (α) determines the extent to which the questions consistently measure each trait and it is expressed as a number ranging between 0 and 1 . Higher values indicate higher agreement between questions.  A value of α equal to greater than .7 indicates acceptable reliability or internal consistency.  For more information on the psychometric properties of the solution, please click here.

    Find out the psychometric properties for the Compliance Officer Traitforward questionnaire

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