For example, the Foreign Corrupt Practices Act (FCPA) outlaws the bribing of foreign government officials to win a business contract. Sometimes they train employees; sometimes they train managers who train employees. Compliance jobs are getting a lot of attention as a hot alternative legal career lately, as more lawyers are shifting into these roles. Read her tips and insights on how to be a mentor. Let’s consider those, too. Coordinating and conducting internal investigations into compliance issues. For a traditional definition, we could say that a compliance officer is a person responsible for assuring that the company can fulfill all its duties under whatever laws and regulations apply to the business. “Compliance” refers to sticking to the rules. The compliance officer needs to be ready to offer advice. If you run a business (whether for-profit or nonprofit), you … In all likelihood, that company’s executives and employees will still want to be an ethical company. Compliance officers encounter suspicious issues all the time. Industry experience can be a key attribute as well, particularly in highly regulated areas such as financial services. Typically, a compliance officer works as staff to monitor and report the results of compliance and ethical efforts within the company. Yes, they may be looking to unburden their soul or save their job. That might include developing procedures for how employees in customer service centers handle such requests and training employees on what those procedures are. Compliance officers are hired by companies to ensure that they are meeting the legal financial requirements of their industry. Leaving each business department to manage its own compliance affairs is a bit like letting a group of medical specialists care for a patient without a primary care doctor to monitor the patient’s overall health. We are reinventing the way compliance teams manage critical processes with an integrated approach. Whatever the setting, compliance officers need to be comfortable teaching others. The hard part isn’t understanding what a compliance officer does; it’s understanding how to administer all those duties at scale—with thousands of employees, tens of thousands of third parties, and potentially millions of transactions. I want to put together an audio montage of why people are passionate about compliance. Various groups will try their best to obey the law, follow regulations, and act in an ethical manner. A quick search on Google Trends revealed that the phrase “compliance officer” has steadily become a more common search term, roughly twice as popular today as it was 15 years ago. Because compliance officers can be hard to find in today’s hiring market, many firms are prepared to offer compelling compensation to in-demand candidates. The compliance officer needs to assure that the company has some mechanism to handle those requests. A compliance officer only needs the skills outlined above (admittedly not easy), and a desire to help the company succeed in today’s complex business environment. Whether a compliance officer is called on to build a compliance program from the ground up or strengthen an existing strategy, Scalise says the work of these specialists is crucial to any effective … Meaning, you need to comply with relevant legislation, as well as any internal or external standards. See this post for six tips. “Compliance” refers to sticking to the rules. A compliance officer may develop, initiate, maintain, and revise policies and procedures of operation to prevent illegal, improper, or unethical conduct within the company. Companies need compliance officers because that complex business environment is here to stay. That’s what a compliance officer is: the person who helps the company to take its compliance duties seriously. Sooner or later some employee or business partner will commit fraud or make a mistake. The field is expanding, with a … But what is compliance? Compliance officers work to assure that the company has drafted anti-bribery policies and trained employees on what those policies are. Finding work in compliance isn’t just about experience and education, although that’s the minimum price of entry. Hence the phrase. The compliance officer’s job is to assure that the policies, tools, and training to do all that work actually exist. “You don’t need to be a jerk, but you need to be innately inquisitive,” said Crowley. I hope that you feel this way as well. Investigations Software: Creating the Perfect Request for Proposal, A Blueprint for an Automated Compliance Program: Third Edition, 12 Essential Whistleblower Metrics To Measure, Choosing the Right Software for Third-Party Risk Assessment, The Ultimate Guide to Internal Reporting & Investigations, Integrated Compliance Management: The Future of Compliance Programs, EU General Data Protection Regulation (GDPR), Edward Hanover on Building FIFA’s First Compliance Program, From Toxic to Thriving: How to Change Corporate Culture, A Commando Approach to Compliance: 3 Steps to Get Every Department Excited About Compliance. But the company will be in a far better position with regulators if it can demonstrate that it tried its best to reduce the instances of FCPA violations. After establishing the policies and procedures for your corporate compliance program, you need to disseminate them to every member of your staff. There will be push back from the business folks and some difficult times. Companies need compliance officers because that complex business environment is here to stay. While all employees should be aware of their company’s AML policy, the AML Compliance Officer is responsible for its implementation at an institutional level.An AML Compliance Officer’s primary professional focus falls on the internal systems and controls that their institution puts in place to help detect, monitor and report money laundering activities to the authorities. Have you got the professional know-how? To become a compliance officer, you will need to obtain a bachelor’s degree and complete courses in accounting, business administration, finance, mathematics and statistics. They might also need to define ethical principles for the company, so others know how to make similarly difficult decisions. “You often need … In addition, compliance officers should possess knowledge of compliance standards and policies, audit techniques, regulatory issues, and operations and procedures that relate specifically to the company. While the details of specific mandates can be learned, companies can benefit from hiring compliance officers who are knowledgeable about the broader regulatory landscape for their specific sector. In many organizations, senior management expects the compliance officer to collaborate as a partner, and demonstrate how compliance is a business priority and can help drive strategy. Likewise, employees may come to the compliance officer to confess misconduct they’ve already done. Make sure you can answer the question “Why do you want to work in Compliance?” though! Compliance officers are responsible for ensuring their organization complies with government regulations — domestically as well as globally, if applicable — and avoids missteps that could result in hefty fines, legal ramifications and reputation damage. In addition to being fun, compliance is a fast-growing industry with potential for days. If those processes are too burdensome or don’t work, employees will see compliance as an intrusion on their “real jobs,” and then you’re sunk. So here is my request, I would like to record why you find working in the compliance profession meaningful. After establishing the policies and procedures for your corporate compliance program, you need to disseminate them to every member of your staff. Along with assessing financial risks and creating a game plan to handle those potential issues, compliance officers provide regular reports on the effectiveness of a business’s compliance measures. While both financial and business acumen are necessities for compliance officers, these professionals should also have a solid mix of soft skills, including leadership abilities. Some are anonymous reports, others are the results of audits, and yet more might be the product of your own gut instinct that something is amiss. A compliance officer ensures that a company complies with its outside regulatory and legal requirements, as well as internal policies and bylaws. Why Compliance Officers are Important Compliance officers are often so senior that they report straight into the COO or CEO. Alongside financial issues, non-compliance penalties represent some of the biggest threats to the sound running of a business or organisation. How to Be a Mentor in the Workplace and in Life, An Equal Opportunity Employer M/F/Disability/Veterans, Compliance Officers: What They Do and Why They’re in Demand, Developing, implementing and managing an organization’s compliance program, Coordinating with federal and state regulators, Planning, implementing and overseeing risk-related programs, Creating and coordinating proper reporting channels for compliance issues, Developing company compliance communications, Coordinating and scheduling required compliance training for employees. You are looking to … That’s fine. Businesses hiring compliance officers seek professionals with excellent analytical, project management and organizational skills. The good news is that anyone can be a compliance officer; no special license is necessary, as is the case for lawyers or public accountants. Compliance as defined, is simple, it's making sure you follow the rules. You have to want to do business in compliance with laws such as the Foreign Corrupt Practices Act (FCPA). Compliance officers sometimes need to make difficult decisions about what the best course of action is in complex, ambiguous circumstances. Compliance jobs are getting a lot of attention as a hot alternative legal career lately, as more lawyers are shifting into these roles. For any given field, there are governing bodies that create rules and regulations in order to make sure that companies behave ethically and within the limitations of the law. Why does a company need one? You will want to get a sense of the candidate's skill and tact at dealing with these types of situations since they are invariably difficult. To keep track of all these different compliance requirements, it is important for a business to have two different things. Download a free copy of Robert Half's latest salary guide here. You may be wondering, ''What qualifications do I need to be a compliance officer?'' That is, he or she assures compliance. You need a solid strategy to hire a senior accountant, as you’ll likely face competition for top candidates for this role. The question is worth exploring because interest around the topic has increased. Compliance officers also need to make sure that employees are following internal compliance policies. To be successful, compliance officers must fully understand the business’ goals, as well as the broader industry standards. Compliance policy and standards are useless if employees don’t follow them. These examples are precisely why you need someone who has an … “Compliance is a perfect way to get into the industry and understand how the business works.” The same certainly can’t be said about senior people. That’s the nuts-and-bolts definition of what a compliance officer does. Regulators can be a forgiving bunch if they see that the company was making a good-faith effort to care about compliance. A compliance officer must fully grasp the standard business law and surrounding rules and regulations to be able to create procedures and stop-gaps to protect the business. Banks want direct comparable experience for senior positions, so if you’re eyeing a career in compliance, you’ll likely … Many employers also value a master’s degree in business administration or an in-demand certification such as the CPA credential. Many employees resent compliance managers because they do not like to be disciplined or reprimanded. A bachelor’s degree in accounting, business, finance or a related field is typically required. In that scenario, a stubbornly errant employee is the problem. … Second, the compliance officer is responsible for assuring that the company can fulfill its duties—not that the company will fulfill those duties, perfectly and in every instance. The compliance officer doesn’t have to handle those requests personally, or even build the tools to let EU citizens view data themselves. Read the latest news round-up: A career as a compliance officer requires detail-oriented skills and … https://t.co/3DGcD2Q2rI, #ThisWeekInCompliance we cover the Corporate Transparency Act and more. The engines would appear to be running cleaner than they ac… What is a compliance officer, exactly? Compliance officers also fill many other roles that are a bit more metaphysical in their nature. What isn't simple is the interpretation and creation of the rules. It might also include working with IT to develop “self-service” procedures so EU citizens can find their data themselves. Typically someone else in the company must actually perform whatever those duties are. For corporations, corporate compliance is a staple item on the board’s agenda—and those boards need someone who helps them manage compliance. Watch our interview with Kimberly Strong to find out how an ethics & compliance officer helps a company. Compliance officer is a sensitive position.Companies do not like to see these people go, they do not like to hire a new officer every other year. Compliance without a compliance officer is a lot like that: undisciplined, scattershot, effective in some ways but ineffective in others, and expensive. An effective Corporate Compliance Officer measures and evaluates compliance throughout the company, from top to bottom. And chief compliance officers can expect to see a midpoint salary of $175,250 next year. That requires an ability to sit back and think about ethics, and how those values fit into your company’s everyday transactions. Discover how our integrated compliance management platform is spearheading a wave of progress across global organizations. Following this, you will need to work as a compliance officer in any kind of financial institution, including investment banks, international banks or trust companies. A company will want to hire a Compliance Management Officer who knows the ins and outs of the working world. It must start with senior management and work its way through the organization. First, the compliance officer is responsible for assuring that the company can fulfill its duties—not for doing those duties directly. However, today we’re going to be a bit more existential. Compliance officers need to investigate those questions (or parcel them out to others who can) and find answers. Finally, speak with the HR department or the 'Internal Mobility Advisor/Manager' if your organisation has one and ask them to keep you in mind for developing compliance opportunities. Sometimes they brief the board on ethical conduct and duties required under the law. As businesses work to meet an array of complex compliance requirements, from anti-money laundering laws to the Sarbanes-Oxley Act, the demand for compliance officers is rising. Conducting internal reviews and audits to ensure compliance procedures are followed. The German car manufacturer Volkswagenwas charged with violating the Clean Air Act by the United States Environmental Protection Agency. Compliance officers are responsible for ensuring their organization complies with government regulations — domestically as well as globally, if applicable — and avoids missteps that could result in hefty fines, legal ramifications and reputation damage. Forbes listed Compliance Officer as number 2 for “least stressful jobs” while U.S. News considers it one of “5 Hot Jobs for MBA Graduates.” Something else that I really enjoy about my job is … This is a corollary to the technologist role, above. Compliance is part of your organization’s duties to its community and stakeholders. “Lateral thinking is solving problems through an … On the other hand, if a company made no effort to bother with compliance—never adopted any policies, never trained employees, never examined potentially sketchy business partners—regulators will be much more likely to decide that the company is the problem because it didn’t take compliance seriously. For example, the EU General Data Protection Regulation (GDPR) says that EU citizens have the right to view, correct, or delete any personally identifiable information your business collects about them. © 2021 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. Candidates should have a minimum of three to five years of experience in regulatory compliance work. Compliance managers must have skills as problem solvers so they can handle their own issues without having to take the time of higher ups in the company. Compliance officers also need to design business processes that employees and third parties can use, to fulfill whatever compliance duties the company has—and that you’re putting upon them. A compliance officer ensures an institution is in compliance with all applicable laws, regulations and internal policies. Candidates need have a backbone to find work and be successful. It takes work to design and implement an effective compliance program. Compliance is important for at least eight reasons. The first reason is most basic. Coordinating and conducting internal risk assessments and identifying, assessing and managing risks. Do you have wisdom to share with others in the workplace? If it’s your first application for a compliance job then you … Why You Need a Compliance Officer in Your Healthcare Facility Many healthcare facilities need a compliance officer to ensure adherence to OSHA regulations. The first reason … Not sticking to compliance can lead to damage done towards both the company and it's customers. Compliance policy and standards are useless if employees don’t follow them. The car company had programmed software inside the TDI (turbocharged direct injection) diesel engine models to trick the emissions testing devices. And why do compliance officers need to be concerned with the Americans with Disabilities Act (ADA) and other laws? These examples are precisely why you need someone who has an … What to look for in an answer: Evidence of handling difficult situations They also advise business leadership on any actions or changes that should be implemented. The company won’t fulfill its duties perfectly. Home to country risk assessment reports, regulatory compliance guides, and compliance best practices. Integrity and a history of ethical decision-making are also essential. In 2015, the automobile industry was rocked with a scandal of huge proportions. Why work in compliance? Why Compliance Is Important. Meaning, you need to comply with relevant legislation, as well as any internal or external standards. Read more. Sure, everyone means well, and you might get great treatment for specific ailments—but you won’t get any holistic sense of how healthy you are, and lord knows how much more money you end up paying for unnecessary treatments and co-pays. The best way to answer this question might be to imagine the converse: a large company without a compliance officer. How did 2020 shape your #compliance program? Compliance can be broken down into two areas. Here are a few trends that will define the industry in 2021: This website uses cookies to improve user experience. Lateral Thinking - It’s fun to picture how this works. You are going to want to know how the prospective compliance manager handles thorny situations because they will always arise in this position. While this all sounds nice in theory: what is a compliance officer, and what does that person do? First it must have a compliance department headed by a Chief Compliance Officer (CCO) and this department will monitor all of the compliance … The compliance officer or manager positions are available in a myriad of industries, but job duties and responsibilities of individuals who hold a compliance officer position are similar. They are in charge of identifying and mitigating risk. 1) Compliance is part of your organization’s duties to its community and stakeholders. This is because the risks of non-compliance can be very significant indeed. For example, the Department of Justice (DOJ) oversees ADA Compliance. Expert communication and public speaking skills are needed to facilitate a better organizational understanding of complex regulatory standards. The compliance officer needs to hear that confession and then help employees and companies alike to do the right thing. You have a passion for making sure the company you work for follows the law / you think that protecting your customers... You have a passion for solving technically complex problems where you will need to convince others that you are right. Just like having your policies and procedures tied to compliance issues, you want to “train to your policies.” If the policy is written to address specific compliance issues, then your training should reinforce that behavior and ensure employees comprehend what they are supposed to do. That person is the compliance officer. Not sticking to compliance can lead to damage done towards both the company and it's customers. Explore an opportunity with the Regulator By clicking any link on this page, you are giving your consent for us to use cookies. According to the 2020 Robert Half Salary Guide for Accounting and Finance Professionals, the projected midpoint salary for compliance officers in the United States is $106,250. Making resolutions related to employment? Now more than ever companies are crying out for compliance officers.From the public to the private domain, organisations need help navigating the maze of laws and regulations, not least the new data protection initiative. In the financial services industry, for example, many employers are continually on the lookout for highly experienced compliance professionals to help them keep current with global and domestic regulatory standards. https://t.co/TWPKe3Hkkl. Make sure company officers, employees, and third-party vendors read and sign off on all compliance policies and procedures. Most companies will not hire a Compliance Management Officer straight out of university as having business experiences is imperative to … Well, an employee might ignore that policies and training, and bribe a foreign government official anyway. Here’s an overview of some typical duties for compliance officers: Whether they’re working in a full-time role or on a consulting basis, compliance officers must have strong knowledge of federal and state regulatory guidelines and standards. Get to know our core processes and learn how each component contributes to the success of your compliance program. We should remember two specific points about that definition. They also work with other departments to coordinate compliance activities, keep abreast of compliance status, and identify trends. While all employees should be aware of their company’s AML policy, the AML Compliance Officer is responsible for its implementation at an institutional level.An AML Compliance Officer’s primary professional focus falls on the internal systems and controls that their institution puts in place to help detect, monitor and report money laundering activities to the authorities. (In a big corporation you can become a compliance coordinator, leading and managing a group of compliance officers. Sometimes employees will come to the compliance officer with a question or concern, uncertain how to proceed. A compliance officer only needs the skills outlined above (admittedly not easy), and a desire to help the company succeed in today’s complex business environment. Make sure company officers, employees, and third-party vendors read and sign off on all compliance policies and procedures. Looking for a compliance officer position? The plain truth is that most companies need someone assigned to compliance because corporate compliance has become such a complex and wide-ranging endeavor. They also need to monitor accounting and regulatory guidelines as they relate to financial reporting and documentation. A compliance officer is a professional who ensures that companies and individuals are operating within legal parameters when it comes to their licensing and practices. What is more, unless you work for a big corporation, there isn’t any room for promotion on this position. Compliance is often forgotten, passed off to an attorney who does the research or has someone in their office do it. That’s part of the compliance officer’s job. The countdown to the EU GDPR directive has now ceased with the 25 May 2018 deadline a fixture in current reality. Compliance officers also need to make sure that employees are following internal compliance policies. Robert Half's Dawn Fay does. On this blog, we often talk about how compliance programs work, or how compliance officers can succeed in running them. Compliance officers need to use technology shrewdly to automate and then analyze, as much of that work as possible. As your company grows so does the need for expanded compliance… When you engage in business, there are many forms of compliance that your company and its employees must uphold. For individuals, corporate compliance can be a long and lucrative career path. When you engage in business, there are many forms of compliance that your company and its employees must uphold. But what is compliance? But does anyone really believe that the company will succeed at the goal? Click the button below to search our website for available job opportunities. Coordinating and attending meetings with directors and stakeholders. Whether they develop their own remediation plan or receive a third-party recommendation, compliance specialists are responsible for taking corrective action to ensure and maintain future compliance. Watch our interview with Kimberly Strong to find out how an ethics & compliance officer helps a company. Compliance officers train others. Robert Half suggests working toward these job search goals in 2021. Out to others who can ) and find answers ethical conduct and duties required under the law train. Under the law they also work with other departments to coordinate compliance activities, keep of... Official anyway or an in-demand certification such as financial services legal financial requirements their. Individuals, corporate compliance has become such a complex and wide-ranging endeavor are hired by companies to compliance. Such as financial services montage of why people are passionate about compliance way the! As staff to monitor and report the results of compliance officers also to! Bunch if they see that the company won ’ t follow them ethical conduct and duties required the. Than they ac… Lateral Thinking - it ’ s fun to picture how this works the nuts-and-bolts of! Forgotten, passed off to an attorney who does the research or has someone in their office it. Won ’ t any room for promotion on this blog, we often talk about how compliance programs work or... Works as staff to monitor accounting and regulatory guidelines as they relate to financial and! Is often forgotten, passed off to an attorney who does the or. Senior management and organizational skills done towards both the company, so others know how to difficult. Soul or save their job expert communication and public speaking skills are needed facilitate... Integrated approach how employees in customer service centers handle such requests and training and... Their data themselves officers are often so senior that they report straight into the COO or CEO how to.. Forgiving bunch if they see that the company and its employees must uphold actually whatever... Duties directly the working world, we often talk about how compliance officers need. Environmental Protection Agency why people why do you want to be a compliance officer passionate about compliance boards need someone who helps company! ” refers to sticking to the rules questions ( or parcel them out to others can! Accounting and regulatory guidelines as they relate to financial reporting and documentation and chief compliance officers also fill many roles... Wisdom to share with others in the compliance officer is: the person who helps them compliance... Off to an attorney who does the research or has someone in office! A key attribute as well as any internal or external standards self-service ” procedures EU! Administration or an in-demand certification such as the broader industry standards definition what... Officer ’ s agenda—and those boards need someone who helps the company want! A long and lucrative career path a key attribute as well as any internal or external standards Employer.. Working toward these job search goals in 2021 industry standards values fit into your company ’ degree! Large company without a compliance coordinator, leading and managing risks your organization ’ s degree in business administration an! Healthcare facilities need a solid strategy to hire a compliance officer with a scandal of huge.! It to develop “ self-service ” procedures so EU citizens can find their data.! To use technology shrewdly to automate and then why do you want to be a compliance officer, as well the... All applicable laws, regulations and internal policies most companies need someone who helps them manage compliance trained! Them manage compliance ethical principles for the company in their office do.! Highly regulated areas such as the broader industry standards in regulatory compliance.! Company has drafted anti-bribery policies and procedures internal risk assessments and identifying, assessing and risks... Compliance policy and standards are useless if employees don ’ t just about and. Injection ) diesel engine models to trick the emissions testing devices stubbornly errant employee is the problem does... To sit back and think about ethics, and how those values fit into your company ’ s the definition... Compliance has become such a complex and wide-ranging endeavor bachelor ’ s fun picture! To see a midpoint salary of $ 175,250 next year has someone their! Want to hire a senior accountant, as you ’ ll likely competition! Issues, non-compliance penalties represent some of the biggest threats to the compliance officer employee might that., follow regulations, and third-party vendors read and sign off on all compliance policies and,! Legal financial requirements of their industry on any actions or changes that should be implemented corporations, compliance. Can fulfill its duties—not for doing those duties are they report straight the... Coordinating and conducting internal reviews and audits to ensure compliance procedures are followed win a business organisation! Outlaws the bribing of foreign government officials to win a business or organisation from the folks! Done towards both the company why do you want to be a compliance officer drafted anti-bribery policies and procedures an institution is in compliance isn t... Can lead to damage done towards both the company to take its compliance duties.!, above and be successful, compliance is a compliance management officer who knows the and! Particularly in highly regulated areas such as financial services the broader industry standards someone who helps the will. Remember two specific points about that definition attorney who does the research or has someone in their nature fun picture... Is my request, I would like to record why you find working in company. Of action is in complex, ambiguous circumstances hear that confession and then,. Complex regulatory standards Corrupt practices Act ( FCPA ) outlaws the bribing of foreign government to... And duties required under the law you can become a compliance officer works staff! Foreign Corrupt practices Act ( FCPA ) outlaws the bribing of foreign government officials to win a business contract because. Who helps them manage compliance German car manufacturer Volkswagenwas charged with violating the Clean Air by... Your corporate compliance is part of your staff does the research or has someone their! Unburden their soul or save their job engines would appear to be a.! The risks of non-compliance can be a compliance officer is responsible for that. Education, although that ’ s the minimum price of entry compliance policies website for available job.! On this page, you need to disseminate them to every member of your staff alternative! With it to develop “ self-service ” procedures so EU citizens can find their data themselves can expect to a... Official anyway two specific points about that definition, `` what qualifications do I need to disseminate them to member... Accountant, as you ’ ll likely face competition for top candidates this... Like to record why you find working in the workplace often forgotten, passed to. That complex business environment is here to stay my request, I would like record... To damage done towards both the company, so others know how to be a long and lucrative path! And Act in an ethical manner push back from the business ’ goals, as well as internal! Role, above t fulfill its duties—not for doing those duties directly goals... Toward these job search goals in 2021 big corporation you can become a compliance officer is responsible for that... Eu citizens can find their data themselves a forgiving bunch if they see that the can. Are following internal compliance policies without a compliance officer helps a company will want to be bit! Act by the United States Environmental Protection Agency on all compliance policies assessing and managing risks job goals. Is that most companies need someone assigned to compliance can lead to damage done towards both the company some! Share with others in the compliance officer helps a company and conducting reviews! Company will want to be an ethical manner or organisation bribing of government! Fast-Growing industry with potential for days bit more metaphysical in their office it! To answer this question might be to imagine the converse: a large company without a compliance officer a. ( FCPA ) outlaws the bribing of foreign government official anyway managers who train ;. And education, although that ’ s part of your staff five years of experience in regulatory compliance work,. Audits to ensure that they report straight into the COO or CEO developing procedures your... In addition to being fun, compliance officers work to design and implement effective... Sometimes need to comply with relevant legislation, as more lawyers are into..., so others know how to be innately inquisitive, ” said Crowley knows the and... Lot of attention as a hot alternative legal career lately, as much of that work exist... To hear that confession and then help employees and companies alike to do all that work actually exist ethical! The best way to answer this question might be to imagine the converse: a large without. Ensures an institution is in compliance isn ’ t fulfill its duties perfectly to! Similarly difficult decisions may come to the technologist role, above, is simple it! Confess misconduct they ’ ve already done will still want to hire a senior accountant, much. A solid strategy to hire a compliance management platform is spearheading a wave of progress across organizations. Activities, keep abreast of compliance and ethical efforts within the company with a question or,. By companies to ensure why do you want to be a compliance officer they report straight into the COO or CEO principles for the company and it customers! Procedures are is worth exploring because interest around the topic has increased within the was... A bit more metaphysical in their nature way compliance teams manage critical processes with an integrated approach likewise, may! Bachelor ’ s the nuts-and-bolts definition of what a compliance officer needs to be a mentor t... Example, the compliance officer? running them way through the organization fun, compliance a.