Compliance and Risk Manager

As a Compliance and Risk Manager at Utilities One, your primary responsibilities will include developing and maintaining a comprehensive understanding of all regulatory requirements affecting company operations. You'll conduct regular compliance checks, risk assessments, and collaborate with department heads to ensure alignment with compliance policies. Creating company-wide compliance policies and overseeing insurance and claims management will also be part of your job, ensuring that U1 adheres to industry standards in the telecommunications sector.

To qualify for the Compliance and Risk Manager role at Utilities One, candidates should hold a Bachelor’s degree in law, business administration, risk management, or a related field (a Master's degree is preferred). Additionally, you should have at least 5 years of experience in compliance or risk management, particularly focused on the telecommunications industry and contractor operations. A strong knowledge of regulatory requirements and risk management practices is essential.

At Utilities One, the Compliance and Risk Manager plays a critical role in developing and implementing risk mitigation strategies tailored to the telecommunications contracting challenges. This involves regularly monitoring risks, preparing detailed reports for senior leadership, and addressing compliance breaches, which helps ensure that risks are minimized and managed effectively across the organization.

Key skills for the Compliance and Risk Manager position at Utilities One include strong organizational and communication abilities, leadership skills, and analytical capabilities to assess risks effectively. The role requires proficiency in assessing insurance policies and handling claims, alongside experience in implementing compliance procedures across multiple departments within the telecommunications sector.

Utilities One is committed to providing a great work environment for our Compliance and Risk Manager, including health insurance coverage, competitive salaries, career advancement opportunities, and generous paid time off, including paid federal holidays. We prioritize the well-being and development of our employees, making U1 an excellent place for your career growth.

To effectively ensure compliance in the telecommunications industry, focus on staying informed about the latest regulatory changes and industry standards. Develop a systematic approach to regularly review and update compliance policies and collaborate closely with other departments to ensure everyone's on the same page regarding compliance objectives.

When discussing your experience with risk assessments, outline specific methodologies you have employed and highlight any key projects where your assessments directly influenced compliance strategies. Explain how you identify potential risks, categorize them, and develop mitigation plans to address the identified issues.

If I identified a compliance breach, I would first gather all relevant information, document the breach thoroughly, and assess its severity. I'd then communicate the situation to senior management and recommend an action plan for remediation, which could include revising policies or providing training to prevent similar issues in the future.

In the event of a conflict over compliance issues, I believe open communication is key. I would facilitate a discussion to understand each party's viewpoint, aiming for a collaborative resolution that aligns with regulatory requirements while fostering a positive working relationship.

Broadly speaking, I am familiar with various compliance frameworks relevant to the telecommunications sector, including ISO standards and specific telecommunications regulations. When preparing for an interview, highlight your experience with these frameworks and how you apply them in your work.

In your answer, focus on how you identified the need for a policy change, engaged stakeholders, and communicated the revised policy effectively to ensure compliance. Share any measurable outcomes from the policy change that demonstrate its success.

Prioritizing compliance tasks involves assessing the urgency and potential impact of each task. I begin by categorizing tasks based on deadlines, potential risks, and regulatory requirements. This systematic approach ensures that the most critical compliance matters are handled promptly while maintaining a focus on overall compliance goals.

To ensure my team understands compliance policies, I provide them with engaging training sessions and resources that clarify expectations. Additionally, I encourage an open-door policy where team members can ask questions and share concerns about compliance. This fosters an inclusive environment focused on adherence to policies.

When conducting a compliance audit, I start by gathering relevant documentation and identifying key areas of focus. I then create a checklist of compliance requirements and systematically review operations, gathering feedback from team members. Post-audit, I will present findings along with recommendations for improvement to uphold compliance standards.

The biggest challenge facing compliance professionals today is the ever-evolving regulatory landscape. Staying current with changes while ensuring that all operational practices adapt accordingly poses a significant task. Highlight your proactive approach to monitoring legislative changes and how you prepare your organization for compliance.