Sample interview questions: What is your approach to managing financial controls and compliance requirements?
Sample answer:
“Thank you for your question. My approach to financial controls and IT requirements can be summarized as follows:
– Proactive risk management: I prioritize the need for implementing and operating a sound internal control structure, which is achieved through understanding and prioritizing the associated key financial controls. I ensure that policies and procedures critical to these controls are well defined, clearly understood, and well-documented.
– Continuous monitoring and vigilance: I advocate the importance of continuous monitoring and vigilance in the financial control and IT requirements realms. This approach ensures that my team and I remain alert to new and updated industry practices, applicable laws, and regulations. We also keep an eye on the ever-evolving threat landscape and adjust risk assessments and control activities timely to address these.
– Use of technology and automation: I embrace the evolution of automation and technology in both financial and IT control domains. I believe in customizing the technology to streamline processes, enhance internal controls, and monitor real-time financial and IT requirements.
– Team approach: I highly value the team approach. I work closely with my team and encourage inter-functional collaborations to ensure a higher level of assurance around the efficiency and efficacy of our financial controls and IT requirements. I have a track record of building capable teams of highly motivated and passionate individuals.
– Adaptable stakeholder management: I prioritize being adaptable with stakeholder management. I ensure that I am well-informed about all applicable laws and regulations impacting the organization and that my team and I are on top of any changes. In addition, I remain updated and adapt my approach to requirements based on the changing business landscape and industry’s best practices.
I would like to emphasize that my approach has not only helped … Read full answer