How to answer this Ethics and Integrity interview question about Regional Compliance for Mid-Level Internal Control Manager?

How do you ensure compliance with diverse regulatory requirements across multiple APAC countries?

Internal Control Manager

Ethics and Integrity

Asked at

OCBC Bank

Difficulty :

Medium

Explanation

This question evaluates your ability to manage compliance in a region with diverse regulatory landscapes. Recruiters are looking for candidates who can demonstrate knowledge of country-specific regulations and implement controls that meet varying requirements. A strong answer will include strategies for staying updated on regulations, engaging local compliance teams, and leveraging technology for monitoring. Avoid failing to address the complexity of operating in multiple jurisdictions.

Answer Example

To ensure compliance across APAC countries, I maintain a regulatory watch to stay updated on changes in local laws, such as AML and data privacy requirements. I also engage local compliance officers to adapt controls to country-specific needs while maintaining alignment with the bank’s global standards. For example, during a recent project, I implemented an automated compliance monitoring system that flagged cross-border transaction anomalies, reducing regulatory breaches by 15% across three jurisdictions. Regular training for local teams also ensures consistent implementation of compliance policies.

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