Canada
Compliance Officer Salary in Toronto, Ontario
$48K
20% Low Band Avg
CAD $55K
Average
$68K
80% High Band Avg
- Bonus: 4,356
Salaries based on experience level
The Average Entry Level salary of Compliance Officer in Toronto, Ontario is CAD $52K/yr, this salary increases 11% to $58K/yr when reach Mid Level Career.
From Mid to Senior Level the average salary increases 29% from $58K/yr to $76K/yr.
Salary Compared to Canada National Average Salary
- Compliance Officer in Toronto, Ontario Salary
- vs
- Compliance Officer in Canada Salary
The Average Salary of Compliance Officer in Toronto, Ontario is $55K/yr. This is 0% higher ($226) compared to Canada national average salary of $55K/yr.
Salary Compared to Toronto City Average Salary
- Compliance Officer in Toronto, Ontario Salary
- vs
- Toronto, Ontario City Average Salary
The Average Salary of Compliance Officer in Toronto, Ontario is -11% lower (-7,018) than the average salary for the city of Toronto, Ontario $62K/yr.
Compliance Officer job description
Job Title: Compliance Officer
Overview/Summary of the role:
The Compliance Officer is responsible for ensuring that the organization complies with legal and regulatory requirements. They are responsible for developing, implementing, and monitoring compliance policies and procedures, as well as ensuring that employees understand and comply with these policies. They are also responsible for investigatory work as well as liaising with regulators and other external parties.
Responsibilities and Duties:
- Develop, implement, and monitor compliance policies and procedures
- Ensure that employees understand and comply with relevant policies and procedures
Compliance Officer interview questions
Interviewer: Good morning, thank you for coming in today. Can you please introduce yourself and tell me about your relevant experience for the role of Compliance Officer?
Candidate: Good morning, thank you for having me. My name is Jane Smith, and I have over 8 years of experience in compliance. My prior roles included compliance officer, compliance manager, and compliance supervisor. In my previous roles, I was responsible for developing and implementing compliance policies and training programs. I also ensured regulatory compliance and conducted internal audits.
Interviewer: Can you explain what regulatory compliance means to you and how you ensure compliance within an organization?
Candidate: Regulatory compliance refers to following federal, state, and local laws and regulations that govern a particular industry. I ensure compliance by staying up to date on regulatory developments, conducting regular audits, and providing comprehensive training programs to employees.
Interviewer: How would you handle a situation where you discovered a violation of regulations within your organization?
Candidate: First, I would gather all the facts and evidence related to the violation. Then, I would report it to the appropriate authorities and work with management to establish a plan to correct the violation and prevent it from happening in the future.
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