Competency Details ( Compliance monitoring and reporting )

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Competencies

Jadarat Competencies

Compliance monitoring and reporting

Efficiency Technical Competency

Maintains and applies knowledge of regulatory compliance requirements to analyse compliance risks that the organisation may be subject to. Identifies and quantifies risk factors to facilitate the development and implementation of approaches for mitigating these risks as well as the provision of necessary internal and external documentation and reporting

Jadarat Code: T16

Level 1

Develops an understanding of laws, controls and regulatory requirements. Basic identification of factors of potential compliance risk. Learns the steps for documentation and reporting to management and regulatory agencies.

Level 2

Demonstrates knowledge of regulatory compliance requirements. Analyses and assesses data to determine the potential impact of a compliance risk. Demonstrates understanding of risk mitigation techniques to recommend basic compliance controls. Prepares compliance review documentation and standard reports for management and regulatory agencies.

Level 3

Assists others in the organization on regulatory compliance requirements and related changes. Conducts complex analysis of potential compliance risks, including solutions to minimize the risk (through prevention or detection and correction). Reviews compliance reviews documentation. Prepares complex reports for management and regulatory agencies.

Level 4

Uses in-depth understanding of compliance requirements to serve as an expert in determining the value and impact of compliance risks and makes recommendations on new strategies to overcome the risks at an organizational level.

Level 5

Applies subject matter expertise to link compliance risk initiatives to critical business drivers, contrasting the potential costs of the risk with the potential benefits.