Tagged: CCO responsibilities

The Growing Tension Between Compliance and Financial Controls

Compliance professionals are used to internal struggles for influence and resources.  Chief compliance officers have devoted years and years to justifying the need to elevate and empower the compliance function.  For years, compliance professionals were relegated to back-room positions where they were cabined by structural and political restrictions.  One of the early struggles was between the chief legal officer and the CCO.  Eventually, CCOs were...

The Overwhelmed CCO

Chief compliance officers have a hard job.  CCOs know that fact and them fully embrace the challenges of their positions.  At the same time, CCOs have extraordinary expectations placed on their shoulders – they are rarely complemented about their programs while the company avoids any major controversies, but they are one of the first to be questioned when a compliance breakdown occurs.  CCOs are always...