Here are the most important qualities in the profile of a compliance officer, the person who connects a company's program with its ethics hotline.
The difficult task of choosing a compliance officer
Appointing a compliance officer for an internal program can be difficult because of the role's responsibilities. Good practices can help an organization make the choice.
Important characteristics
A compliance officer should have at least the following qualities to work professionally, ethically, and proactively.
A) Knowledge
Relevant knowledge includes risk management and internal auditing. Experience in law or accounting can provide a useful foundation.
B) Experience
Practical experience with compliance systems, their processes, and the organization's operating environment is valuable.
C) Certifications
Professional courses and certifications can help people interested in the role develop relevant knowledge and experience.
D) International learning
International groups such as the International Federation of Compliance Associations, World Compliance Association, and Society of Corporate Compliance and Ethics offer learning opportunities.
E) Collaboration
A compliance officer should remain active and objective, keep prevention processes current, and collaborate with others inside the organization.
F) Integrity
The person should have a strong record of trustworthy conduct among company employees . Consistency between words and actions gives decisions credibility and moral authority.
At EthicsGlobal, we work with compliance officers to manage reports, investigations, and responses in line with corporate governance best practices.
You read: The Profile of a Compliance Officer. We also recommend: Compliance Officers and Conflicts of Interest.
To learn how we can help, contact us on Twitter, Facebook or LinkedIn.