- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The compliance officer of the future will need to have the same foundational requirements for the job, but also the flexibility to adapt to the rapid changes technology is bringing to the industry.
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Here’s what we know: You have a mandate to upgrade your compliance technology, at least some budget to do it, and sky-high expectations for improved operational efficiency and robust data reporting. At least that’s what the results of our compliance technology survey tell us. Are we close?
A slate of new technologies is poised to push the compliance function to new horizons of efficiency and effectiveness. It may be easier said than done, however—especially without a plan of attack.
The Consumer Financial Protection Bureau is warning companies against intimidating potential whistleblowers by forcing them to sign broad nondisclosure agreements to deter misconduct from coming to light.
Top-of-mind issues addressed at Compliance Week’s Third-Party Risk Management & Oversight Summit, held June 3-4 in Atlanta, included safe deployment of artificial intelligence, assessing vendor viability and sustainability, understanding the role of procurement in risk ranking, the intersection (or lack thereof) between data privacy and cybersecurity, and many others.
Anne Morriss, co-author of “Move Fast and Fix Things,” advises compliance officers to tap into curiosity, communicativeness, and comfort with discomfort to build organizational trust, fast.
Regulators and government agencies often speak to the value of empowered corporate compliance programs to advancing their mission. Why not practice what they preach by empowering compliance among their own ranks?
