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Ethics and Integrity interview question about Regulatory Compliance for Mid-Level Risk Manager

What steps would you take to ensure compliance with risk management regulations for a global banking client?

Risk Manager

Ethics and Integrity

Asked at

PwC

Difficulty :

Medium

Explanation

This question evaluates your ability to help global banking clients comply with risk management regulations. Recruiters assess your attention to detail, understanding of regulatory frameworks, and ability to manage cross-border complexities. Common pitfalls include not addressing global variations in regulations or failing to outline specific compliance steps. A strong answer includes a structured approach, such as gap analysis, policy alignment, and ongoing monitoring. Preparation involves reviewing key regulatory requirements like Basel III and GDPR.

Answer Example

I would start with a compliance gap analysis to identify discrepancies between the bank’s current practices and global regulatory requirements. Next, I would align risk management policies with local and international compliance standards. For example, I supported a global bank by implementing a compliance framework that improved adherence to GDPR and Basel III, reducing regulatory fines by 20%.

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