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Behavioural interview question about Compliance Risk Mitigation for Mid-Level Compliance

Can you describe a time when you identified and mitigated a compliance risk within your organization?

Compliance

Behavioural

Asked at

AXA

Difficulty :

Medium

Explanation

This question assesses your problem-solving skills and ability to proactively address compliance risks. Recruiters want to understand your approach to identifying risks, implementing solutions, and ensuring organizational integrity. Common pitfalls include failing to provide a specific example or not explaining how the risk was mitigated. A strong answer includes a clear scenario, your actions, and measurable outcomes. Preparation involves reflecting on past experiences and reviewing compliance risk management strategies.

Answer Example

In my previous role, I noticed discrepancies in client onboarding processes that could lead to potential AML violations. I conducted a thorough audit, identified gaps in documentation, and implemented a revised onboarding checklist. Additionally, I trained the team on updated procedures. As a result, the organization reduced onboarding errors by 40% and passed an external compliance audit with no major findings.

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