Canada
Compliance Specialist Salary in Toronto, Ontario
$56K
20% Low Band Avg
CAD $63K
Average
$68K
80% High Band Avg
- Bonus: 4,280
Salaries based on experience level
The Average Entry Level salary of Compliance Specialist in Toronto, Ontario is CAD $55K/yr, this salary increases 9% to $60K/yr when reach Mid Level Career.
From Mid to Senior Level the average salary increases 30% from $60K/yr to $78K/yr.
Salary Compared to Canada National Average Salary
- Compliance Specialist in Toronto, Ontario Salary
- vs
- Compliance Specialist in Canada Salary
The Average Salary of Compliance Specialist in Toronto, Ontario is $63K/yr. This is +15% higher ($8,294) compared to Canada national average salary of $55K/yr.
Salary Compared to Toronto City Average Salary
- Compliance Specialist in Toronto, Ontario Salary
- vs
- Toronto, Ontario City Average Salary
The Average Salary of Compliance Specialist in Toronto, Ontario is +1% higher (830) than the average salary for the city of Toronto, Ontario $62K/yr.
Compliance Specialist job description
Job Title: Compliance Specialist
Overview/Summary of the Role:
The Compliance Specialist plays a critical role in ensuring that a company is operating in compliance with all applicable laws, regulations, and policies. They are responsible for identifying, assessing, and mitigating risks to prevent any violations that could result in fines or damage to the company’s reputation. In addition, they provide advice and guidance to other departments on compliance matters.
Responsibilities and Duties:
- Develop, implement, and maintain compliance policies and procedures
- Monitor and assess compliance risks and make recommendations to senior management
Compliance Specialist interview questions
Interviewer: Hi, thank you for applying for the Compliance Specialist position. Can you tell me a little about your background and experience in regulatory compliance?
Candidate: Absolutely. I have a Bachelor's degree in Business and over five years of experience working as a compliance officer for various companies. In my current role, I am responsible for developing and implementing compliance programs, conducting audits, and ensuring adherence to regulatory requirements.
Interviewer: What motivates you to work in the compliance field?
Candidate: I believe that compliance is essential to maintaining a fair and transparent business environment. I am passionate about ensuring that companies operate within the ethical and legal boundaries and that consumers are protected.
Interviewer: Can you explain what the role of a Compliance Specialist entails?
Candidate: The role of a Compliance Specialist is to help companies navigate complex regulatory frameworks and ensure that they are adhering to all relevant laws and regulations. This can involve conducting audits, developing compliance policies, and providing training to employees.
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