Got an interview coming up where you’re applying for the role of a Compliance Analyst? No worries! On this page, we’ve listed some of the most common Compliance Analyst interview questions along with sample answers. Check them out below (and good luck!)
Do you have any experience working as a Compliance Analyst?
A straightforward question that requires an honest answer – list experience you have as it pertains to the position you’re applying for. Don’t get caught off guard by this question should you not any actual experience. Plan ahead and have something relatable to share. In this way, you can turn a simple ‘no’ into an opportunity to demonstrate your awareness of related skillsets.
Answer Sample:
While my experience with x is limited, while working under y at my last job I really got to learn the ropes about z
As we move into the future, what challenges do you feel our industry is facing, especially the role of Compliance Analyst?
There are a variety of ways to answer this one. Try discussing ‘buzzworthy’ topics like AI, software, and inexpensive labor. No matter what you answer here, do some research ahead of time and be sure you can back up your answer.
Answer Sample:
Its hard to know for sure with industry factors such as x and y changing so many things – all I can say is that Im excited for the challenges that come with that
What systems have you developed to reduce/eliminate errors in your work?
To err is human, but not when it comes to accounting. While you may be a caped crusader with superhuman error-free work skills, your interviewer won’t buy it. What they’re looking for here is some sort of system of checks and balances.
Answer Sample:
Rain or shine, I always make sure that x is reviewed 3 times over and referenced against y before it goes out the door
Tell me about a time you used graphs, charts, and data to drive home a point?
What’s being asked for here is an example of when you were able to prove a point by providing truth through the data. A great example here would be anything relating to a decision where your data made a difference.
Answer Sample:
A client had struggled with x for nearly a decade until I was able to clearly present the issue visually – a lightbulb went off, and the clients business is better than ever
Have you ever had to give someone difficult feedback?
One of the most difficult things to dispense – and receive – is critique of work. Anyone who has spent enough time in this industry realizes that human error is part of the job, and no one is perfect. The interviewer here is looking for one thing in particular: how you reacted in the situation. How accountable were the parties involved? Your ability to navigate though difficult situations will place you high on just about any accounting employer’s list.
Answer Sample:
No one likes these situations, but Ive found that dealing with it factually and without predjudice tends to be the best approach
Would those that know you describe you as a detail oriented person? Why might they describe you that way?
Details, details, details! You’d be hard pressed to find any job in the accounting & finance industry where being detail oriented isn’t a major requirement. Here, your interviewer is looking for examples.
Answer Sample:
A careful review of x revealed that y and z were out of order, ultimately preventing a costly audit
Which accounting specific software are you familiar with?
You’d be hard pressed to find an accounting firm these days where software isn’t at the cornerstone of how they operate. If your experience is limited, make sure you at least have a basic understanding of industry standards prior to the interview. Spend a night and compile names of cutting edge platforms, and mention these along with their purpose to your interviewer.
Answer Sample:
Im proficient in x and y, but ive ready tons of good things about z and would love to learn more about it
Regarding culture, what environment do you feel you do your best work in?
Every company wants to find the perfect culture match for their organization. Simply put, culture fit means that your values are in alignment with your prospective employer’s. You’ll want to be careful here, indicating that you are able to thrive in a variety of work enviornments.
Answer Sample:
I succeed when expectations and accountability are in place, and equally enjoy a balance of working solo / working as a team”
Why are you leaving your last financial industry / accounting position?
Tread lightly! This question can be a dealbreaker if answered improperly. Your need for better pay or indicating that your ‘old boss was an idiot’ may leave your interviewer with the wrong impression of you. Even if you were subject to downsizing or let go for other reasons, keep it short and concise, and avoid drama regardless of how tempting it may be.
Answer Sample:
Working at x was a great experience for a vareity of reasons, but now its time to seek out new challenges