10+ Compliance Analyst Interview Questions and Answers

Compliance ensures adherence to laws, regulations, and internal policies. Compliance auditors assess and monitor compliance activities.

• Compliance involves following laws, regulations, and internal policies to ensure ethical business practices.

• Compliance auditors conduct audits to assess if organizations are following relevant laws and regulations.

• They review processes, procedures, and documentation to identify areas of non-compliance and recommend corrective actions.

• Complianc...read more

Different types of bearings used in mechanical applications include ball bearings, roller bearings, plain bearings, and fluid bearings.

• Ball bearings: used for low friction applications, commonly found in wheels and conveyor belts

• Roller bearings: used for heavy radial loads, commonly found in automotive applications

• Plain bearings: simple design with no rolling elements, commonly used in sliding applications

• Fluid bearings: use a thin layer of liquid or gas to support the load, ...read more

Hydraulic valves control the flow and pressure of hydraulic fluid in a system, with various types for different applications.

• Directional control valves: control the direction of fluid flow in a hydraulic system

• Pressure control valves: regulate the pressure of the hydraulic fluid

• Flow control valves: manage the flow rate of the hydraulic fluid

• Check valves: allow fluid flow in one direction only

• Relief valves: protect the system from overpressure by releasing excess fluid

• Proporti...read more

Types of bolts and nuts include hex bolts, carriage bolts, and wing nuts. Pitch in bolts refers to the distance between threads.

• Types of bolts: hex bolts, carriage bolts, eye bolts, etc.

• Types of nuts: hex nuts, wing nuts, lock nuts, etc.

• Pitch in bolts refers to the distance between threads on the bolt.

• Pitch is measured in threads per inch (TPI) or millimeters (mm).

The footfall in Terminal 3 of an airport can range from a few thousand to tens of thousands in a day.

• Footfall in Terminal 3 can vary based on factors like time of day, day of the week, and season.

• During peak travel times, footfall can reach tens of thousands, while during off-peak times it may be in the thousands.

• Events or special occasions can also impact footfall, leading to higher numbers on certain days.

Different types of views in engineering drawings include orthographic, isometric, and perspective views.

• Orthographic views show the object from different angles (top, front, side)

• Isometric views show the object in 3D with all three dimensions equally foreshortened

• Perspective views show the object as it appears to the eye with depth and foreshortening

Mean is the average of a set of numbers, while median is the middle value when the numbers are arranged in order.

• Mean is calculated by adding all numbers in a set and dividing by the total count.

• Median is the middle value when the numbers are arranged in order.

• For example, in the set {2, 4, 6, 8, 10}, the mean is 6 and the median is 6.

• If there is an even number of values, the median is the average of the two middle values.

Shareholding structure is calculated by determining the percentage of shares owned by each shareholder. Types of screenings include anti-money laundering and know-your-customer checks.

• Shareholding structure is calculated by dividing the number of shares owned by a shareholder by the total number of outstanding shares.

• Types of screenings include anti-money laundering checks to ensure that shareholders are not involved in illegal activities.

• Know-your-customer checks are also co...read more

VLOOKUP is a function in MS-Excel used to search for a value in a table and return a corresponding value.

• VLOOKUP stands for 'Vertical Lookup'.

• It is used to search for a value in the first column of a table and return a value in the same row from a specified column.

• Syntax: VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup]).

• Example: =VLOOKUP(A2, B2:D10, 3, FALSE) - searches for the value in cell A2 in the range B2:D10 and returns the value in the 3rd column.

• The l...read more

Hydraulic valves consist of components such as valve body, spool, actuator, and control mechanism.

• Valve body: main housing that contains the internal components of the valve

• Spool: moves within the valve body to control the flow of hydraulic fluid

• Actuator: component that converts hydraulic pressure into mechanical motion

• Control mechanism: regulates the operation of the valve

Compliance refers to adhering to laws, regulations, guidelines, and internal policies to ensure ethical and legal conduct within an organization.

• Compliance involves following laws, regulations, and guidelines set by regulatory bodies.

• It also includes adhering to internal policies and procedures of the organization.

• Compliance ensures ethical conduct, risk mitigation, and maintaining the reputation of the organization.

• Non-compliance can result in fines, legal actions, and damag...read more

Incident response is managed through a structured process to address and mitigate security incidents.

• Establishing an incident response team with defined roles and responsibilities

• Creating an incident response plan outlining steps to detect, respond, and recover from incidents

• Implementing tools for monitoring and alerting on potential incidents

• Conducting regular training and exercises to test the incident response plan

• Documenting incidents for analysis and improvement

ISO 27001 focuses on information security management, while ISO 9001 focuses on quality management.

• ISO 27001 is specifically for information security management, ensuring that organizations have a robust framework in place to protect sensitive information.

• ISO 9001 is a quality management standard, focusing on ensuring that organizations consistently meet customer and regulatory requirements.

• ISO 27001 requires organizations to identify risks and implement controls to mitigate ...read more

Engineering drawings can be categorized into different types based on their purpose and content.

• Types of engineering drawings include assembly drawings, detail drawings, schematic diagrams, and blueprints.

• Assembly drawings show how different parts fit together to create a final product.

• Detail drawings provide specific dimensions and specifications for individual components.

• Schematic diagrams illustrate the electrical or mechanical connections between components.

• Blueprints are...read more

7QC tools are used for quality control and process improvement in compliance analysis.

• Check sheets

• Pareto charts

• Cause-and-effect diagrams

• Histograms

• Scatter diagrams

• Control charts

• Flowcharts

Functions of compliance include ensuring adherence to laws and regulations, implementing policies and procedures, conducting audits and investigations, and providing training and guidance.

• Ensuring adherence to laws and regulations

• Implementing policies and procedures

• Conducting audits and investigations

• Providing training and guidance