Nobody ever said the life of a chief compliance officer would be easy. The job is evolving so rapidly that many are struggling to keep pace with an ever-expanding list of demands.
As the regulatory and enforcement landscape becomes more complex, the biggest challenge currently facing compliance officers is how to play a more strategic role and help identify and mitigate the increasing number of risks their companies face, Sally Bernstein, a principal in PwC’s advisory practice, says. “We hear from chief compliance officers that they want to be more engaged with the business, and we hear from the business they want to be more engaged with chief compliance officers,” she says.
