Question No. 2: Have you ever guided staff or a colleague with regard to financial regulation compliance? If so, what was your process? If not, how would you approach this?
How to answer: This open-ended question demonstrates your knowledge of standards, industry regulations and fiscal policies. It also provides proof of your ability to promote best practices when it comes to financial regulation compliance. Provide an example of working with a team using this process. If you have not guided anyone through this process, provide best practice steps and how you would work through them with a team.