Compliance Manager Salary in Canada

Compliance Manager job description

Job Title: Compliance Manager

Overview/Summary of the Role:

A Compliance Manager is responsible for ensuring that an organization complies with all relevant laws, regulations, and internal policies. They are responsible for the development, implementation, and maintenance of compliance programs within an organization to minimize organizational risk.

Responsibilities and Duties:

- Develop and implement compliance policies and processes within the organization

- Monitor and ensure adherence to all applicable laws, regulations, and internal policies

- Conduct periodic internal audits and assessments to identify and address compliance issues

- Develop and maintain effective relationships with external regulatory bodies

Compliance Manager interview questions

Interviewer: Good morning/afternoon, thank you for coming in today. Can you start by telling us a little about your background and experience in compliance management?

Candidate: Sure, I’ve been working in the field for about 7 years now. I started out in a more junior position and worked my way up to managing compliance teams. In my most recent role, I managed a team of 5 compliance associates and oversaw efforts to ensure regulatory compliance across multiple jurisdictions.

Interviewer: Excellent, could you describe what you believe are the most important skills for a compliance manager to have?

Candidate: Attention to detail is crucial, as is the ability to communicate effectively with stakeholders at all levels. Sound judgment, a strong knowledge of relevant laws and regulations, and the ability to lead and coach a team are also key skills for this role.

Interviewer: Can you describe your approach to managing risk in a compliance context?

Candidate: My first step is always to identify and assess risks, whether that’s related to new regulations or changes in the business environment. From there, I work with stakeholders to develop strategies to manage those risks, monitor for potential issues, and adapt our approach as needed based on experience and feedback.

Compliance Manager Salaries by cities in Canada

The highest salary for Compliance Manager in Canada can be found in Calgary, followed by Toronto 2nd, and Mississauga 3rd.