India
Compliance Specialist Salary in Mumbai, Maharashtra
₹306K
20% Low Band Avg
INR ₹625K
Average
₹823K
80% High Band Avg
- Bonus: 37K
Salaries based on experience level
The Average Entry Level salary of Compliance Specialist in Mumbai, Maharashtra is INR ₹590K/yr, this salary increases 33% to ₹787K/yr when reach Mid Level Career.
From Mid to Senior Level the average salary increases 30% from ₹787K/yr to ₹1,023K/yr.
Salary Compared to India National Average Salary
- Compliance Specialist in Mumbai, Maharashtra Salary
- vs
- Compliance Specialist in India Salary
The Average Salary of Compliance Specialist in Mumbai, Maharashtra is ₹625K/yr. This is +6% higher (₹36,894) compared to India national average salary of ₹588K/yr.
Salary Compared to Mumbai City Average Salary
- Compliance Specialist in Mumbai, Maharashtra Salary
- vs
- Mumbai, Maharashtra City Average Salary
The Average Salary of Compliance Specialist in Mumbai, Maharashtra is -25% lower (-215,436) than the average salary for the city of Mumbai, Maharashtra ₹841K/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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