When answering this question, it's important to demonstrate your knowledge of relevant regulations and your proactive approach to compliance. Start by mentioning key regulations that impact investment banking, such as the Dodd-Frank Act, Basel III, and the Sarbanes-Oxley Act. Explain how you stay updated with these regulations through continuous education and training.
Next, describe specific steps you take to ensure compliance, such as conducting thorough due diligence, maintaining accurate records, and working closely with legal and compliance teams. Provide examples from your past experience where your actions ensured compliance and protected the firm from potential legal issues.
For instance, you might say:
"In my previous role, I was responsible for overseeing the compliance aspects of several M&A transactions. I ensured that all activities were in line with the Dodd-Frank Act and Basel III requirements by conducting detailed due diligence and collaborating with our legal team. This not only ensured regulatory compliance but also built trust with our clients and stakeholders."
Stand out from the crowd with video applications! Make your video applications in minutes and show the real you.