MyComplianceOffice Blog

In honor of National Compliance Officer's Day, we wanted to share the many reasons why we love compliance officers. Read on for our top ten!

According to Compliance Expert Elin Cherry from Elinphant, “anyone who’s actually worn the hat of the Chief Compliance Officer is very aware of the concerns of CCO liability.”  When it comes to regulatory liability, the line takes a stop at the CCO. So it’s critical that the CCO is both proactive and consistent with making senior management aware of what’s going on with Compliance within the organization. According to Cherry, rigorous issue reporting combined with regular meetings sets the tone for how your management hears you and opens the door better conversations.

The Silicon Review Magazine listed MCO among 50 leading companies of the year 2021 and published an interview featuring our CEO, Brian Fahey. He explains the company journey to help financial services firms to meet regulatory expectations and reduce their risk of misconduct.

We know the compliance function can be demanding and your list of responsibilities and duties is laborious. You must face different challenges every day to keep your employees and firm compliant and yourself knowledgeable with all changes requested by regulators. 

Unlike many jobs, there typically isn’t a straight career path toward becoming a compliance officer. In fact, nearly 90 percent of the 290 respondents to Compliance Week’s first annual “Inside the Mind of the CCO” survey started their careers in a different field.