Objective

The objective of the Compliance Risk Advisor is to monitor the organization's financial activities and ensure they are in compliance with internal and external regulations. This role is crucial in risk management, as they identify and mitigate potential financial risks.

Description

Ensures compliance with financial regulations and mitigates risk.

Sample Questions

• What are key financial compliance requirements?
• How to develop effective risk mitigation strategies?
• How to interpret changes in financial regulations?
• What's the impact of regulatory changes on our risk profile?

Key Functions

1. Monitor financial activities for compliance with regulations. 2. Identify potential risk areas. 3. Develop risk mitigation strategies. 4. Conduct compliance audits. 5. Provide training on compliance and risk management. 6. Develop and implement compliance policies and procedures. 7. Stay current on regulatory changes and advise management accordingly. 8. Prepare reports on compliance and risk management. 9. Coordinate with external auditors. 10. Handle compliance-related complaints.

Required Skills

1. Knowledge of financial regulations. 2. Risk assessment. 3. Compliance auditing. 4. Development of risk mitigation strategies. 5. Training delivery on compliance and risk management. 6. Policy and procedure development. 7. Regulatory research. 8. Report preparation. 9. Coordination with external auditors. 10. Complaint handling. 11. Knowledge of financial systems. 12. Risk analysis. 13. Understanding of risk management frameworks. 14. Familiarity with compliance software. 15. Ability to interpret financial laws.