Skills & Competencies for Compliance Specialist III

Compliance Specialist III job profile

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JOB SUMMARY for Compliance Specialist III

Supports the development and implementation of compliance programs, policies, reporting, and practices for an organization or business.

JOB RESPONSIBILITIES for Compliance Specialist III

Monitors activities impacted by regulatory requirements related to the organization's governance and any industry-specific or location-specific laws. Utilizes established internal controls and auditing systems to identify, detect, and correct noncompliance. Implements changes to compliance processes due to new or amended regulations. Prepares and updates communication materials. Assists with training initiatives that inform stakeholders about compliance requirements.

Compliance Specialist III SALARY RANGE

BASE 50%
$98,066
TOTAL 50%
$102,161
Job Level
P03
Job Code
FA06000732
Education/Degree
Bachelor's Degree
Reports To
Supervisor or Manager

Compliance Specialist III 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 Compliance Specialist III 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 Compliance Specialist III

1 Job Family Competencies – Training and Development
Proficiency Level -2
Skill definition-The process of improving the job performance of an individual or group through structured and planned training sessions.
Level 1 Behaviors
(General Familiarity)
Discusses commonly used techniques and methods in the training and development process.
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Level 2 Behaviors
(Light Experience)
Gathers employee behavior and performance data to determine the content of training and development programs.
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Level 3 Behaviors
(Moderate Experience)
Delivers training and development program adjusting to various types of audience.
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Level 4 Behaviors
(Extensive Experience)
Evaluates the performance of training sessions and recommends improvements accordingly.
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Level 5 Behaviors
(Mastery)
Develops metrics system to evaluate the effectiveness and impact of training.
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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)
Documents the processes used in developing and implementing compliance monitoring plans.
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Level 2 Behaviors
(Light Experience)
Collects data and submits required reports necessary for workforce compliance and monitoring.
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Level 3 Behaviors
(Moderate Experience)
Maintains monitoring systems to ensure compliance with established regulations and policies.
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Level 4 Behaviors
(Extensive Experience)
Leads in the analysis of potential risks faced across your entire organization.
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Level 5 Behaviors
(Mastery)
Develops overall monitoring plans to identify compliance risks immediately.
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3 Compliance Specialist III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compliance Specialist III
Proficiency Level - 4
5 Competency for - Compliance Specialist III
Proficiency Level - 5

11 soft skills or competencies (core competencies) for Compliance Specialist III

1 Core Competencies – Knowledge Management
Proficiency Level -2
Skill definition-The process of identifying, using, sharing, and maintaining an organization's intellectual assets, best practices, product innovations, etc. to improve organizational performance.
Level 1 Behaviors
(General Familiarity)
Explains examples of the use of organizational knowledge in business and operation practices.
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Level 2 Behaviors
(Light Experience)
Documents technical processes and procedures in a knowledge management system and reports issues to management.
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Level 3 Behaviors
(Moderate Experience)
Maintains effective channels of communication regarding our business's knowledge management programs.
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Level 4 Behaviors
(Extensive Experience)
Evaluates the intellectual capital of our business to identify priorities for knowledge development.
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Level 5 Behaviors
(Mastery)
Leads and coordinates with a range of in-house and external professionals to create a more effective KM system.
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2 Core Competencies – Project Management
Proficiency Level -2
Skill definition-Applying specific knowledge, skills, tools, and techniques to manage a project from initial conception to successful completion.
Level 1 Behaviors
(General Familiarity)
Identifies fundamental project management tools and methodologies.
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Level 2 Behaviors
(Light Experience)
Compares different project management methodologies and recommends appropriate approaches.
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Level 3 Behaviors
(Moderate Experience)
Documents the project's standard operating procedures and leads discussions on areas for optimization.
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Level 4 Behaviors
(Extensive Experience)
Documents justification for project abandonment before completion.
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Level 5 Behaviors
(Mastery)
Fosters a sense of shared purpose within the project team.
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3 Compliance Specialist III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compliance Specialist III
Proficiency Level - 4
5 Competency for - Compliance Specialist III
Proficiency Level - 5

Summary of Compliance Specialist III skills and competencies

There are 0 hard skills for Compliance Specialist III.
2 general skills for Compliance Specialist III, Training and Development, Compliance Monitoring.
11 soft skills for Compliance Specialist III, Knowledge Management, Project Management, Attention to Detail, etc.
While the list totals 13 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 Compliance Specialist III, he or she needs to be proficient in Knowledge Management, be proficient in Project Management, and be skilled in Attention to Detail.

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