Compliance Analyst Salary in Australia

Compliance Analyst job description

Job Title: Compliance Analyst

Overview/Summary of the role:

The Compliance Analyst is responsible for supporting an organization in ensuring that all business activities strictly comply with established regulations, policies, and procedures. The primary function of this role is to assess, create, and implement procedures and standards that will minimize the risk of non-compliance, legal or regulatory issues, and provide guidance to the organization's management.

Responsibilities and Duties:

• Regularly reviews financial, operational, and administrative policies and procedures to ensure compliance with local and federal regulations, and company policies and standards.

• Prepares reports summarizing results of the assessments, and recommendations to management for improvement.

• Develops and maintains a company-wide compliance program, including internal controls, policies, procedures, and training programs on compliance-related matters.

• Conducts internal audits and reviews to test the effectiveness of company controls and procedures.

Compliance Analyst interview questions

Interviewer: Good morning, thank you for joining us today for the Compliance Analyst position. Could you please introduce yourself and tell us about your relevant experience in compliance?

Candidate: Good morning, thank you for having me. My name is Jane Doe, and I have several years of experience in compliance. I have worked for two different financial institutions, where I was responsible for maintaining the institutions' compliance with regulatory requirements and conducting internal audits.

Interviewer: What motivated you to pursue a career in compliance, and why do you feel you are well-suited for this role?

Candidate: I was drawn to compliance because I enjoy helping companies meet regulatory requirements and avoid costly penalties. I have excellent attention to detail, am highly organized, and possess strong analytical skills, all of which are essential for this role.

Interviewer: Could you describe your experience with regulatory compliance, including the specific regulations you have worked with?

Candidate: In my previous roles, I have worked with a variety of regulations, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Know Your Customer (KYC) regulations. I was responsible for ensuring that employee training was up-to-date, conducting internal audits, and maintaining accurate records to meet regulatory requirements.

Compliance Analyst Salaries by cities in Australia

The highest salary for Compliance Analyst in Australia can be found in Sydney, followed by Perth 2nd, and Newcastle 3rd.