Compliance and Legal Risk Identification Questions

Identify and evaluate compliance and legal risks in business scenarios, including regulatory violations, contract provisions, data handling, third party relationships, and emerging regulatory changes. Skills assessed include recognizing potential violations, categorizing risk by likelihood and impact, linking facts to applicable laws or policies, spotting gaps in contractual protections such as liability and indemnification clauses, and proposing basic mitigation or escalation steps. Candidates may be asked to work through short scenarios, explain why a situation creates compliance or legal exposure, prioritize risks, and recommend practical, proportional controls or contract edits. For advanced emphasis, demonstrate forward looking thinking about emerging risks and how to adapt compliance programs as the business or regulatory environment changes.